Fixed Price IPO | ₹17 Cr | Listed at BSE SME | Tue, Feb 21, 2023 - Fri, Feb 24, 2023
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Tue, Feb 21, 2023
IPO Close
Fri, Feb 24, 2023
Issue Price
₹27 per share
Market Cap (Pre-IPO)
₹62.59 Cr
| IPO Date | 21 to 24 Feb, 2023 |
| Listed on | Mon, Mar 6, 2023 |
| Face Value | ₹10 per share |
| Issue Price | ₹27 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 61,80,000 shares (agg. up to ₹17 Cr) |
| Reserved for Market Maker | 3,16,000 shares Sunflower Broking Pvt.Ltd. (agg. up to ₹0.8532 Cr) |
| Fresh Issue (Ex Market Maker) | 58,64,000 shares (agg. up to ₹16 Cr) |
| Net Offered to Public | 58,64,000 shares (agg. up to ₹16 Cr) |
| Share Holding Pre Issue | 1,70,00,000 shares |
| Share Holding Post Issue | 2,31,80,000 shares |
| BSE Script Code | 543798 |
| ISIN | INE0NPA01011 |
Patron Exim IPO comprises a total issue size of 61,80,000 shares. The net offer to the public is 58,64,000 shares, after excluding 3,16,000 shares allotted on a firm basis. Of the Net offer 29,32,000 (50.00%) allocated to NII 29,32,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 29,32,000 | 50.00% | 47.44% |
| Retail Shares Offered | 29,32,000 | 50.00% | 47.44% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,16,000 | 5.11% | |
| Total Shares Offered | 61,80,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples thereof.
| 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 |
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 | 30 Nov 2022 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 24.48 | 14.65 | 8.11 | 16.34 |
| Total Income | 10.54 | 5.02 | 20.54 | 25.16 |
| Profit After Tax | 1.45 | 0.83 | 0.07 | 0.02 |
| NET Worth | 16.26 | 5.14 | 2.70 | 2.59 |
| Reserves and Surplus | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Borrowing | 6.18 | 0.00 | 2.37 | 1.37 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Long term Working capital requirement | 11.47 |
| 2 | General corporate purposes | 3.80 |
| KPI | |
|---|---|
| RoNW | 16.15 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 1.62 | |
| P/E (x) | 28.72 | |
| Promoter Holding | 97.06% | 71.18% |
| Market Cap | ₹62.59 Cr. |
The Patron Exim IPO is subscribed 1.07 times on February 24, 2023 6:59:00 PM (Day 4). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 0.97 | 29,32,000 | 28,40,000 |
| Retail | 1.17 | 29,32,000 | 34,44,000 |
| Total | 1.07 | 58,64,000 | 62,84,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manger Fees including Underwriting Commission | 0.24 |
| 2 | Brokerage, selling commission and Marketing | 0.84 |
| 3 | Registrar to the Issue | 0.01 |
| 4 | Legal Advisors | 0.03 |
| 5 | Advertising and marketing expenses | 0.05 |
| 6 | Regulators including stock exchanges | 0.10 |
| 7 | Printing and distribution of issue stationary | 0.03 |
| 8 | Others (Market Making fees etc.) | 0.12 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹27.00 |
| Open | ₹28.40 |
| Low | ₹26.98 |
| High | ₹28.40 |
| Last Trade | ₹26.98 |
Lead Manager Reports
Patron Exim IPO is a SME IPO of 61,80,000 equity shares of the face value of ₹10 aggregating up to ₹17 Crores. The issue is priced at ₹27 per share. The minimum order quantity is 4000.
The IPO opens on Tue, Feb 21, 2023, and closes on Fri, Feb 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 Tue, Feb 21, 2023 and closes on Fri, Feb 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 Fri, Mar 3, 2023. Check the Patron Exim IPO allotment status.
The Patron Exim IPO listing date is on Mon, Mar 6, 2023.
