Patron Exim Limited IPO Detail
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.
Company Promoters
Mr. Narendrakumar Gangaramdas Patel and Mrs. Sushilabahen Narendrakumar PatelIPO Details
| IPO Opening Date | Feb 21, 2023 |
| IPO Closing Date | Feb 24, 2023 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹27 per equity share |
| Market Lot | 4000 Shares |
| Min Order Quantity | 4000 Shares |
| Listing At | BSE SME |
| Issue Size | ₹16.69 Cr |
| Fresh Issue | ₹16.69 Cr |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 0.02x | 0.25x | 0.14x | |
| Day 2 | - | - | 0.03x | 0.55x | 0.29x | |
| Day 3 | - | - | 0.05x | 0.76x | 0.41x | |
| Day 4 | - | - | 0.97x | 1.17x | 1.07x |
IPO Tentative Timetable
The Patron Exim Limited IPO open date is Feb 21, 2023, and the close date is Feb 24, 2023. The issue may list on Mar 06, 2023.
| IPO Open Date | Feb 21, 2023 |
| IPO Close Date | Feb 24, 2023 |
| Basis of Allotment Date | Mar 01, 2023 |
| Initiation of Refunds | Mar 02, 2023 |
| Credit of Shares to Demat Account | Mar 03, 2023 |
| IPO Listing Date | Mar 06, 2023 |
IPO Lot Size
The Patron Exim Limited IPO market lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹108000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 4000 | ₹108000 |
| Maximum | 1 | 4000 | ₹108000 |
IPO Promoter Holding
| Pre Issue Share Holding | 97.06% |
| Post Issue Share Holding | 71.18% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-20 | 1634.01 | 2516.44 | 2.2 |
| 31-Mar-21 | 810.93 | 2053.72 | 7.31 |
| 31-Mar-22 | 1464.57 | 501.61 | 83.11 |
| 30-Nov-22 | 2447.61 | 1054.12 | 145.41 |
Objects of the Issue:
The Company proposes to utilize the Net Proceeds from the issue towards the following objects: 1. Working capital requirement 2. General Corporate Purpose, 3. Meeting Public Issue Expenses.Patron Exim Limited IPO Registrar:
Bigshare Services Pvt Ltd
Patron Exim Limited IPO Lead Manager(s):
Interactive Financial Services Ltd
Company Contact Information:
Patron Exim Limited
411, Safal Perlude, B/h Ashwaraj Bunglows,
100 FT Road, Prahladnagar, Vejalpur,
Ahmedabad 380015
