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Patron Exim IPO vs Shera Energy IPO

Comparison between Patron Exim IPO and Shera Energy IPO.

IPO Details

Patron Exim IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Shera Energy IPO is a SME Bookbuilding proposed to list at NSE SME.

 Patron Exim IPOShera Energy IPO
LogoPatron Exim IPO LogoShera Energy IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtBSE SMENSE SME
Lead ManagersInteractive Financial Services Ltd.Holani Consultants Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerSunflower Broking Pvt.Ltd.Holani Consultants 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 Shera Energy IPO is up to ₹32.92 Cr. The final issue price of Patron Exim IPO is ₹27.00 per share and of Shera Energy IPO is ₹57.00 per share.

 Patron Exim IPOShera Energy IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹55.00 per share
Issue Price (Upper)₹57.00 per share
Issue Price (Final)₹27.00 per share₹57.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)₹0.00 per share
Market Lot Size4000 shares2000 shares
Fresh Issue Size58,64,000 shares6,48,000 shares
Fresh Issue Size (Amount)up to ₹15.83 Crup to ₹3.69 Cr
OFS Issue Size0 shares51,28,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹29.23 Cr
Issue Size Total58,64,000 shares57,76,000 shares
Issue Size Total (Amount)up to ₹15.83 Crup to ₹32.92 Cr

IPO Timetable

Patron Exim IPO opens on Feb 21, 2023, while Shera Energy IPO opens on Feb 07, 2023. The closing date of Patron Exim IPO and Shera Energy IPO is Feb 24, 2023, and Feb 09, 2023, respectively.

 Patron Exim IPOShera Energy IPO
Anchor Bid DateFeb 06, 2023
Issue OpenFeb 21, 2023Feb 07, 2023
Issue CloseFeb 24, 2023Feb 09, 2023
Basis Of Allotment (Tentative)Mar 01, 2023Feb 14, 2023
Initiation of Refunds (Tentative)Mar 02, 2023Feb 15, 2023
Credit of Share (Tentative)Mar 03, 2023Feb 16, 2023
Listing date (Tentative)Mar 06, 2023Feb 17, 2023
Anchor Lockin End date 1Mar 16, 2023
Anchor Lockin End date 2May 15, 2023

Financials & KPIs

Patron Exim IPO P/E ratio is 28.72, as compared to Shera Energy IPO P/E ratio of 15.16.

 Patron Exim IPOShera Energy 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
Shera Energy Limited Financial Information (Restated Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthTotal Borrowing
31-Mar-2027,731.9442,619.14361.435,624.3411,062.67
31-Mar-2129,315.6442,271.92502.676,075.6010,542.28
31-Mar-2232,523.7352,458.21699.506,673.3511,812.67
30-Sep-2233,832.9733,953.72428.257,054.8811,437.59
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)97.0666.57
Promoter Shareholding (Post-Issue)71.1863.51
P/E Ratio28.7215.16
Market Cap₹62.59 Cr.₹129.89 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 Shera Energy IPO retail investors are offered 29,32,000 shares. Qualified Institutional Buyers (QIB) are offered in Patron Exim IPO and 10,06,000 shares in Shera Energy IPO.

 Patron Exim IPOShera Energy IPO
Anchor Investor Reserveration15,00,000 shares
Market Maker Reserveration3,16,000 shares4,00,000 shares
QIB10,06,000 shares
NII29,32,000 shares8,20,000 shares
RII29,32,000 shares18,50,000 shares
Employee6,00,000 shares
Others
Total58,64,000 shares57,76,000 shares

Bids Received (Subscription)

Patron Exim IPO subscribed 1.07x in total, whereas Shera Energy IPO subscribed 47.36x.

 Patron Exim IPOShera Energy IPO
QIB (times)8.73x
NII (times)0.97x190.12x
Big NII (times)
Small NII (times)
RII (times)1.17x51.30x
Employee (times)1.46x
Other (times)
Total (times)1.07x47.36x