Patron Exim IPO vs Viaz Tyres IPO

Comparision between Patron Exim IPO and Viaz Tyres IPO.

IPO Details

Patron Exim IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Viaz Tyres IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Patron Exim IPO	Viaz Tyres IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	BSE SME	NSE SME
Lead Managers	Interactive Financial Services Ltd	Beeline Capital Advisors Pvt Ltd
Registrar	Bigshare Services Pvt Ltd	Link Intime India Private Ltd
Market Maker	Sunflower Broking Private Limited	Sunflower Broking Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Patron Exim IPO is up to ₹16.69 Cr whereas the issue size of the Viaz Tyres IPO is up to ₹20.00 Cr. The final issue price of Patron Exim IPO is ₹27.00 per share and of Viaz Tyres IPO is ₹62.00 per share.

	Patron Exim IPO	Viaz Tyres IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹27.00 per share	₹62.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	4000 shares	2000 shares
Fresh Issue Size	61,80,000 shares	32,26,000 shares
Fresh Issue Size (Amount)	up to ₹16.69 Cr	up to ₹20.00 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	61,80,000 shares	32,26,000 shares
Issue Size Total (Amount)	up to ₹16.69 Cr	up to ₹20.00 Cr

IPO Timetable

Patron Exim IPO opens on Feb 21, 2023, while Viaz Tyres IPO opens on Feb 16, 2023. The closing date of Patron Exim IPO and Viaz Tyres IPO is Feb 24, 2023, and Feb 21, 2023, respectively.

	Patron Exim IPO	Viaz Tyres IPO
Anchor Bid Date
Issue Open	Feb 21, 2023	Feb 16, 2023
Issue Close	Feb 24, 2023	Feb 21, 2023
Basis Of Allotment (Tentative)	Mar 01, 2023	Feb 24, 2023
Initiation of Refunds (Tentative)	Mar 02, 2023	Feb 27, 2023
Credit of Share (Tentative)	Mar 03, 2023	Feb 28, 2023
Listing date (Tentative)	Mar 06, 2023	Mar 01, 2023
Anchor Lockin End date 1	Mar 31, 2023	Mar 26, 2023
Anchor Lockin End date 2	May 30, 2023	May 25, 2023

Financials

Patron Exim IPO P/E ratio is 28.72, as compared to Viaz Tyres IPO P/E ratio of 24.9.

Patron Exim IPO

Viaz Tyres IPO

Financial

Patron Exim Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-20	1,634.01	2,516.44	2.20	259.43	137.18
31-Mar-21	810.93	2,053.72	7.31	270.43	236.99
31-Mar-22	1,464.57	501.61	83.11	514.46	0.00
30-Nov-22	2,447.61	1,054.12	145.41	1,625.87	617.64
Amount in ₹ Lakhs

Viaz Tyres Limited Financial Information (Standalone)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-20	2,429.97	1,994.37	14.51	432.93	1,895.94
31-Mar-21	2,713.32	2,917.26	60.64	493.56	2,047.89
31-Mar-22	2,898.38	2,933.04	146.91	640.47	1,996.09
30-Sep-22	3,405.87	2,379.10	152.72	1,098.19	2,003.36
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

97.06%

99.2%

Promoter Shareholding (Post-Issue)

71.18%

73.07%

P/E Ratio

28.72

24.9

Market Cap

₹62.59 Cr.

₹75.96 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Patron Exim IPO retail investors (RII) are offered 29,32,000 shares while in Viaz Tyres IPO retail investors are offered 29,32,000 shares. Qualified institutional buyers (QIB) are offered in Patron Exim IPO and in Viaz Tyres IPO.

	Patron Exim IPO	Viaz Tyres IPO
Anchor Investor Reserveration
Market Maker Reserveration	3,16,000 shares	1,62,000 shares
QIB
NII	29,32,000 shares	15,32,000 shares
RII	29,32,000 shares	15,32,000 shares
Employee
Others
Total	58,64,000 shares	30,64,000 shares

Bids Received (Subscription)

Patron Exim IPO subscribed 1.07x in total, whereas Viaz Tyres IPO subscribed 5.79x.

	Patron Exim IPO	Viaz Tyres IPO
QIB (times)
NII (times)	0.97x	5.33x
Big NII (times)
Small NII (times)
RII (times)	1.17x	6.25x
Employee (times)
Other (times)
Total (times)	1.07x	5.79x

Compare with others

Patron Exim IPO	Viaz Tyres IPO
SVJ Enterprises IPO	Srivasavi Adhesive Tapes IPO
Sealmatic India IPO	SVJ Enterprises IPO
Macfos IPO	Sealmatic India IPO
ITCONS E-Solutions IPO	Macfos IPO
Viaz Tyres IPO	ITCONS E-Solutions IPO
Lead Reclaim and Rubber Products IPO	Patron Exim IPO
Indong Tea Company IPO	Lead Reclaim and Rubber Products IPO
Agarwal Float Glass India IPO	Indong Tea Company IPO
Shera Energy IPO	Agarwal Float Glass India IPO
Gayatri Rubbers and Chemicals IPO	Shera Energy IPO

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