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Patron Exim IPO is a fixed price issue of Rs 16.69 crores. The issue is entirely a fresh issue of 61.8 lakh shares.
Patron Exim IPO bidding started from February 21, 2023 and ended on February 24, 2023. The allotment for Patron Exim IPO was finalized on Wednesday, March 1, 2023. The shares got listed on BSE SME on March 6, 2023.
Patron Exim IPO price is ₹27 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹108,000. The minimum lot size investment for HNI is 2 lots (8,000 shares) amounting to ₹216,000.
Interactive Financial Services Ltd is the book running lead manager of the Patron Exim IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Patron Exim IPO is Sunflower Broking.
Refer to Patron Exim IPO RHP for detailed information.
| IPO Date | February 21, 2023 to February 24, 2023 |
| Listing Date | March 6, 2023 |
| Face Value | ₹10 per share |
| Price | ₹27 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 6,180,000 shares (aggregating up to ₹16.69 Cr) |
| Fresh Issue | 6,180,000 shares (aggregating up to ₹16.69 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 17,000,000 |
| Share holding post issue | 23,180,000 |
| Market Maker portion | 316,000 shares Sunflower Broking |
Patron Exim IPO offers 6,180,000 shares. 2,932,000 (47.44%) to NII, 2,932,000 (47.44%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 316,000 (5.11%) |
| Other Shares Offered | 2,932,000 (47.44%) |
| Retail Shares Offered | 2,932,000 (47.44%) |
| Total Shares Offered | 6,180,000 (100%) |
Patron Exim IPO opens on February 21, 2023, and closes on February 24, 2023.
| IPO Open Date | Tuesday, February 21, 2023 |
| IPO Close Date | Friday, February 24, 2023 |
| Basis of Allotment | Wednesday, March 1, 2023 |
| Initiation of Refunds | Thursday, March 2, 2023 |
| Credit of Shares to Demat | Friday, March 3, 2023 |
| Listing Date | Monday, March 6, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 24, 2023 |
Investors can bid for a minimum of 4000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹108,000 |
| Retail (Max) | 1 | 4000 | ₹108,000 |
| HNI (Min) | 2 | 8,000 | ₹216,000 |
| Lot Size Calculator | |||
| Share Holding Pre Issue | 97.06% |
| Share Holding Post Issue | 71.18% |
Incorporated in 1992, Patron Exim Limited is an Ahmedabad-based company engaged in the trading and distribution of a wide range of pharmaceutical raw material which is also known as APIs (Active Pharmaceutical Ingredients), industrial chemical, excipient, and solvents.
Patron Exim's product portfolio comprises around 150 AIPs, Excipient, Pharma Chemical & Intermediates. The company is also in the trading of a variety of chemicals, such as Petrochemicals, Dyes & Pigment Chemicals, Paints & Speciality Chemical, Agro Chemicals, Oil & Refinery Chemicals, Foam & Adhesive, Plywood & Laminates Chemical.
The company has total strength of permanent employees 09 in various departments.
| 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 | |||||
The market capitalization of Patron Exim IPO is Rs 62.59 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 28.72 |
[Dilip Davda] The company is in trading/distribution only and has no manufacturing activities. Based on its financial track records, the issue is aggressively priced. Higher spending for the IPO indicates arranged funding. The is no harm in skipping this pricey issue. Read detail review...
The Patron Exim IPO is subscribed 1.07 times on February 24, 2023 6:59:00 PM. The public issue subscribed 1.17 times in the retail category, times in the QIB category, and 0.97 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 0.97 |
| Retail | 1.17 |
| Total | 1.07 |
| Listing Date | March 6, 2023 |
| BSE Script Code | 543798 |
| NSE Symbol | |
| ISIN | INE0NPA01011 |
| Final Issue Price | ₹27 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹27.00 |
| ₹28.40 |
| ₹26.98 |
| ₹28.40 |
| ₹26.98 |
Patron Exim Limited
411, Safal Perlude, B/h Ashwaraj Bunglows,
100 FT Road, Prahladnagar, Vejalpur,
Ahmedabad 380015
Phone: 9979978393
Email: info@patronexim.com
Website: https://patronexim.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Patron Exim IPO is a SME IPO of 6,180,000 equity shares of the face value of ₹10 aggregating up to ₹16.69 Crores. The issue is priced at ₹27 per share. The minimum order quantity is 4000 Shares.
The IPO opens on February 21, 2023, and closes on February 24, 2023.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Patron Exim IPO using UPI as a payment gateway. Zerodha customers can apply in Patron Exim IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Patron Exim IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Patron Exim IPO opens on February 21, 2023 and closes on February 24, 2023.
Patron Exim IPO lot size is 4000 Shares, and the minimum amount required is ₹108,000.
You can apply in Patron Exim IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Patron Exim IPO will be done on Wednesday, March 1, 2023, and the allotted shares will be credited to your demat account by Friday, March 3, 2023. Check the Patron Exim IPO allotment status.
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