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Patron Exim IPO vs Sealmatic India IPO

Comparison between Patron Exim IPO and Sealmatic India IPO.

IPO Details

Patron Exim IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Sealmatic India IPO is a SME Bookbuilding proposed to list at BSE SME.

 Patron Exim IPOSealmatic India IPO
LogoPatron Exim IPO LogoSealmatic India IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtBSE SMEBSE SME
Lead ManagersInteractive Financial Services Ltd.ISK Advisors Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.Kfin Technologies Ltd.
Market MakerSunflower Broking Pvt.Ltd.Sunflower Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Patron Exim IPO is up to ₹15.83 Cr whereas the issue size of the Sealmatic India IPO is up to ₹53.41 Cr. The final issue price of Patron Exim IPO is ₹27.00 per share and of Sealmatic India IPO is ₹225.00 per share.

 Patron Exim IPOSealmatic India IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹220.00 per share
Issue Price (Upper)₹225.00 per share
Issue Price (Final)₹27.00 per share₹225.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size4000 shares600 shares
Fresh Issue Size58,64,000 shares17,24,000 shares
Fresh Issue Size (Amount)up to ₹15.83 Crup to ₹38.79 Cr
OFS Issue Size0 shares6,49,600 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹14.62 Cr
Issue Size Total58,64,000 shares23,73,600 shares
Issue Size Total (Amount)up to ₹15.83 Crup to ₹53.41 Cr

IPO Timetable

Patron Exim IPO opens on Feb 21, 2023, while Sealmatic India IPO opens on Feb 17, 2023. The closing date of Patron Exim IPO and Sealmatic India IPO is Feb 24, 2023, and Feb 21, 2023, respectively.

 Patron Exim IPOSealmatic India IPO
Anchor Bid DateFeb 16, 2023
Issue OpenFeb 21, 2023Feb 17, 2023
Issue CloseFeb 24, 2023Feb 21, 2023
Basis Of Allotment (Tentative)Mar 01, 2023Feb 24, 2023
Initiation of Refunds (Tentative)Mar 02, 2023Feb 27, 2023
Credit of Share (Tentative)Mar 03, 2023Feb 28, 2023
Listing date (Tentative)Mar 06, 2023Mar 01, 2023
Anchor Lockin End date 1Mar 26, 2023
Anchor Lockin End date 2May 25, 2023

Financials & KPIs

Patron Exim IPO P/E ratio is 28.72, as compared to Sealmatic India IPO P/E ratio of 18.75.

 Patron Exim IPOSealmatic India IPO
Financials
Patron Exim Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthTotal Borrowing
31-Mar-201,634.012,516.442.20259.43137.18
31-Mar-21810.932,053.727.31270.43236.99
31-Mar-221,464.57501.6183.11514.460.00
30-Nov-222,447.611,054.12145.411,625.87617.64
Amount in ₹ Lakhs
Sealmatic India Limited Financial Information (Restated Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-202,325.063,358.88494.141,524.671,504.67278.30
31-Mar-212,975.943,548.18649.762,174.432,154.43272.62
31-Mar-223,947.364,276.80841.463,015.892,995.8993.56
30-Sep-225,108.522,582.12543.453,550.152,830.15224.39
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)97.06100.00
Promoter Shareholding (Post-Issue)71.1872.38
P/E Ratio28.7218.75
Market Cap₹62.59 Cr.₹203.63 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Patron Exim IPO Retail Individual Investors (RII) are offered 29,32,000 shares while in Sealmatic India IPO retail investors are offered 29,32,000 shares. Qualified Institutional Buyers (QIB) are offered in Patron Exim IPO and 3,79,800 shares in Sealmatic India IPO.

 Patron Exim IPOSealmatic India IPO
Anchor Investor Reserveration5,69,400 shares
Market Maker Reserveration3,16,000 shares1,26,000 shares
QIB3,79,800 shares
NII29,32,000 shares4,27,200 shares
RII29,32,000 shares9,97,200 shares
Employee
Others
Total58,64,000 shares23,73,600 shares

Bids Received (Subscription)

Patron Exim IPO subscribed 1.07x in total, whereas Sealmatic India IPO subscribed 16.61x.

 Patron Exim IPOSealmatic India IPO
QIB (times)8.71x
NII (times)0.97x30.22x
Big NII (times)
Small NII (times)
RII (times)1.17x12.06x
Employee (times)
Other (times)
Total (times)1.07x16.61x