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Patron Exim IPO is a fixed price issue of ₹16.69 crores. The issue is entirely a fresh issue of 0.62 crore shares of ₹16.69 crore.
Patron Exim IPO bidding started from Feb 21, 2023 and ended on Feb 24, 2023. The allotment for Patron Exim IPO was finalized on Mar 1, 2023. The shares got listed on BSE SME on Mar 6, 2023.
Patron Exim IPO price is ₹27.00 per share . The lot size for an application is 4,000. The minimum amount of investment required by an individual investor (retail) is ₹1,08,000 (4000 shares). The minimum lot size investment for HNI is 2 lots (8,000 shares), amounting to ₹2,16,000.
Interactive Financial Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Sunflower Broking Pvt.Ltd..
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 |
| Issue Price Band | |
| Issue Price Final | ₹27 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 61,80,000 shares (aggregating up to ₹16.69 Cr) |
| Reserved for Market Maker | 3,16,000 shares Sunflower Broking Pvt.Ltd. (aggregating up to ₹0.8532 Cr) |
| Net Offered to Public | 58,64,000 shares (aggregating up to ₹15.83 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,70,00,000 shares |
| Share Holding Post Issue | 2,31,80,000 shares |
Patron Exim IPO offers total 61,80,000 shares. Out of which 29,32,000 (47.44%) allocated to NII, 29,32,000 (47.44%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,16,000 (5.11%) |
| NII (HNI) Shares Offered | 29,32,000 (47.44%) |
| Retail Shares Offered | 29,32,000 (47.44%) |
| Total Shares Offered | 61,80,000 (100.00%) |
Patron Exim IPO opens on February 21, 2023, and closes on February 24, 2023.
| IPO Open Date | Tue, Feb 21, 2023 |
| IPO Close Date | Fri, Feb 24, 2023 |
| Tentative Allotment | Wed, Mar 1, 2023 |
| Initiation of Refunds | Thu, Mar 2, 2023 |
| Credit of Shares to Demat | Fri, Mar 3, 2023 |
| Tentative Listing Date | Mon, Mar 6, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Feb 24, 2023 |
Investors can bid for a minimum of 4,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4,000 | ₹1,08,000 |
| Retail (Max) | 1 | 4,000 | ₹1,08,000 |
| HNI (Min) | 2 | 8,000 | ₹2,16,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 ₹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...
| Listing Date | March 6, 2023 |
| BSE Script Code | 543798 |
| NSE Symbol | |
| ISIN | INE0NPA01011 |
| Final Issue Price | ₹27 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹27.00 |
| Open | ₹28.40 |
| Low | ₹26.98 |
| High | ₹28.40 |
| Last Trade | ₹26.98 |
Patron Exim Ltd.
411, Safal Perlude, B/h Ashwaraj Bunglows,
100 FT Road, Prahladnagar, Vejalpur,
Ahmedabad 380015
Ahmedabad, Gujarat
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
Patron Exim IPO is a SME IPO of 61,80,000 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.
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, and the minimum amount required for application is ₹1,08,000.
You can apply in Patron Exim IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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.
The Patron Exim IPO listing date is on Monday, March 6, 2023.
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