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Let’s have a detailed review of the company and analytics of the Patron Exim IPO release date, IPO offer price, subscription, Patron Exim Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.

Face Value Rs 10
Price Band Rs 27
Listing At BSE, SME
Min. Order Quantity 4000 Shares
Listing Date Mar 6, 2023
Offer for Sale Rs Lakh
Fresh Issue Rs Lakh
IPO Size Rs 1,669 Lakh
Tick Size 1

Patron Exim IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.

Live Performance – Patron Exim Share Price

Patron Exim IPO – Summary

Patron Exim IPOTheir Company was originally formed as a partnership firm under the Partnership Act, 1932 (“Partnership Act”) in the name and style of “M/s Arvind Traders”, pursuant to a deed of partnership dated April 23, 1982.

Subsequently, the Constitution of the partnership firm was changed pursuant to partnership deed dated April 01, 1992, April 01, 1994 and May 16, 2015. “M/s. Arvind Traders” was thereafter converted from a partnership firm to a private limited company under Part I chapter XXI of the Companies Act, 2013 in the name of “Patron Exim Private Limited”.

The Promoter of this company is MR. NARENDRAKUMAR PATEL AND MRS. SUSHILABAHEN PATEL. The lead manager to the issue is INTERACTIVE FINANCIAL SERVICES LIMITED, and the Registrar to this issue is BIG SHARE SERVICES PRIVATE LIMITED.

Patron Exim IPO Date

The opening and closing dates of Patron Exim IPO are Feb 21, 2023 and Feb 24, 2023 respectively.

Patron Exim IPO Subscription

Day / Date NII RII Total Subscription
1st Day – 21st Feb 0.02x 0.25x 0.14x
2nd Day –  22nd Feb 0.03x 0.55x 0.29x
3rd Day – 23rd Feb 0.78x 0.78x 0.78x
4th Day – 24th Feb 0.97x 1.17x 1.07x
Shares Offered or Net Issue 2,932,000 2,932,000 5,864,000

The shares subscribed by the public will be updated here.

Patron Exim IPO Allotment Status

Here, you can find the Allotment Status of this IPO.

Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.

Patron Exim Limited IPO Listing Date

Find the dates below on basis of allotment, refund, listing, and more:

Basis of Allotment Finalization Mar 1, 2023
Refunds Initiation Mar 2, 2023
Credit of Shares to Demat Account Mar 3, 2023
Share Listing Date Mar 6, 2023

Patron Exim IPO Price Band

The face value of each share is Rs.10, but the price band of the IPO is Rs.27 

Patron Exim IPO Equity Size

This Initial Public Issue of 6,180,000 Equity Shares of Rs.10 each for cash at a price of Rs.27 per equity share aggregating to Rs.1,669 Lakh.

Patron Exim IPO Share Offering

Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 6,180,000 Equity Shares of Rs.10/ each.

Issue Size: 6,180,000 Equity Shares of Rs.10 each, aggregating to Rs.1,669 Lakh

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    Patron Exim IPO – Live Performance

    The listing date of this IPO is Mar 6, 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.

    Live IPO Performance – Patron Exim Share Price

    Patron Exim IPO Grey Market Premium

    The Patron Exim Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X. 

    Patron Exim IPO – Company Overview

    Currently, their Company is engaged in the trading and distribution of wide range of pharmaceutical raw material which is also known as APIs (Active Pharmaceutical Ingredients), industrial chemical, excipient and solvents.

    Presently their product portfolio comprises of around 150 AIPs, Excipient, Pharma Chemical & Intermediates.

    They are also in the trading of variety of chemicals, such as, Petrochemicals, Dyes & Pigment Chemicals, Paints & Speciality Chemical, Agro Chemicals, Oil & Refinery Chemicals, Foam & Adhesive, Plywood & Laminates Chemical.

    The range of Chemicals also includes food industry & water treatment chemicals, resins & plastics chemicals, polymers and additives etc. As on date of the draft prospectus, their business expansion is located in Ahmedabad and the surrounding area of Gujarat.

    Patron Exim IPO – Financial Statements

    A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:

    Financial Summary:

    Amount (in INR & Lakh)
    30-Nov-22 31-Mar-22 Mar-21 31-Mar-20
    Total Assets 2446.52 1463.29 809.42 1634.01
    *Total Revenue 1054.12 501.61 2053.72 2516.44
    Total Expense 849.47 359.70 2038.86 2512.44
    Profit After Tax 145.41 83.11 7.31 2.20

    Earnings per Equity Share (in Lakh)

    30-Nov-22 31-Mar-22 Mar-21 31-Mar-20
    Basic & Diluted 2.40 1.62 0.27 0.08

    Further, their PAT for the period ended on Nov 30, 2022, March 31, 2022, March 31, 2021, and March 31, 2020, were Rs. 145.41 Lakh, Rs. 83.11 Lakh, Rs. 7.31 Lakh and Rs. 2.20 Lakh respectively.

    Patron Exim IPO – Promoters

    The Promoter of this company is:


    List of Related Parties (Key Managerial Personnel)

    • Mr. Narendrakumar Patel – Managing Director
    • Mrs. Sushilaben Patel – Non- Executive and Non-Independent Director
    • Mr. Bhumishth Patel – Non- Executive and Non-Independent Director
    • Mr. Om Prakash Agrawal – Independent Director
    • Mr. Sumitkumar Patel – Independent Director

    Patron Exim IPO – Promoters Holding

    • Pre-Issue Share Holding – 97.06%
    • Post Issue Share Holding – 71.18%

    Patron Exim IPO Offer Details or Issue Details

     Particulars  No. Of Equity Shares
     Equity Shares Offered  Up to 61,80,000 Equity Shares aggregating up to Rs.1668.60 Lakh
    of which:
    Issue Reserved for the Market Makers Up to 3,16,000 Equity Shares aggregating up to Rs.85.32
    Net Issue to the Public Up to 58,64,000 Equity Shares aggregating up to Rs.1583.28
    Of which:
    Retail Investors Portion Not less than 29,32,000 Equity Shares
    Other than Retail Individual Investors Not more than 29,32,000 Equity Shares
     Equity Shares outstanding prior to the Issue 1,70,00,000 Equity Shares
     Equity Shares outstanding after the Issue 2,31,80,000 Equity Shares

    Patron Exim IPO Issue Object

    Their Company proposes to utilize the Net Proceeds towards funding the following objects:

    1. Working capital requirement
    2. General Corporate Purpose,
    3. Meeting Public Issue Expenses

    Patron Exim IPO – Business Strategy

    • Develop cordial relationship with their Suppliers, Customer and employees
    • To build-up a professional organization
    • Leveraging their Marketing skills and Relationships
    • Focus on dealing in quality standard products

    Patron Exim IPO – Basis of Offer Price

    The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

    Qualitative factors are:

    • Develop cordial relationship with their Suppliers, Customer and employees
    • To build-up a professional organization
    • Leveraging their Marketing skills and Relationships
    • Focus on dealing in quality standard products

    The relevant quantitative factors are:

    Basic & Diluted EPS RONW (%) NAV (Rs.)
    31-Mar-22 1.62 16.15 10.00
    31-Mar-21 0.27 2.70
    Mar-20 0.08 0.85

    Patron Exim IPO: Competitive Peers

    Face Value (Rs.) P/E EPS  (Rs.) Return on Net Worth (%) Total Income (Rs. in Lakhs)
    Patron Exim Limited 10 16.67 8.86 16.15 387.95
    Listed Peers      
    Vaishali Pharma Limited 10 38.03 3.83 15.33 7760.89
    Earum Pharmacuticals Limited 2 7.43 0.36 13.30 2873.92

    Patron Exim IPO Lead Managers

    Lead Managers
    Address: 612, 6th Floor, Shree Balaji Heights, Kokilaben
    Vyas Marg, Ellisbridge, Ahmedabad – 380 009, Gujarat,
    Tel No.: 079 46019796
    (M) +91-9898055647
    Web Site:www.ifinservices.in
    Investor Grievance Email: info@ifinservices.in
    Contact Person: Mr. Pradip Sandhir

    Patron Exim IPO Registrar to offer

    Registrar to the Offer
    Address: Office No. S6-2, 6th Floor, Pinnacle Business
    Park, Next to Ahura Centre, Mahakali Caves Road,
    Andheri (East), Mumbai – 400093
    Tel No.:+91 22-62638200
    Fax No.:+91 22-62638299
    Website: www.bigshareonline.com
    E-Mail: ipo@bigshareonline.com
    Investor Grievance Email: investor@bigshareonline.com
    Contact Person: Mr. Aniket Chindarkar
    SEBI Reg. No.: INR000001385

    Patron Exim IPO – Other Details

    • Statutory Auditor – M/s J M Patel & Bros, Chartered Accountants
    • Legal Counsel to the Company – Mauleen N. Marfatia
    • Bankers to the Company –  ICICI Bank Limited

    Patron Exim IPO Review by Stock Brokers

    Top Stock Brokers Review Company Reputation Competitive Edge Financial Statement Popularity Index Promoters Reputation
    Angel Broking 7.5/10 7.4/10 8.5/10 8.1/10 7.1/10
    Sharekhan 7.2/10 7.1/10 8.6/10 8.1/10 7.2/10
    Kotak Securities 7.3/10 7.5/10 8.4/10 8.1/10 7.3/10
    ICICI Direct 7.3/10 7.3/10 8.7/10 8.1/10 7.1/10
    IIFL 7.5/10 7.2/10 8.8/10 8.0/10 7.1/10
    Edelweiss 7.5/10 7.4/10 8.4/10 8.3/10 7.2/10
    Zerodha 7.4/10 7.1/10 8.5/10 8.1/10 7.0/10
    5Paisa 7.1/10 7.1/10 8.4/10 8.1/10 7.1/10
    Karvy 7.4/10 7.3/10 8.2/10 8.1/10 7.1/10
    Motilal Oswal 7.1/10 7.1/10 8.6/10 8.3/10 7.2/10


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      Patron Exim Limited IPO News

      News 1 – IPO DRHP Download

      News 2 – IPO RHP Prospectus Download

      Patron Exim IPO Review FAQs

      Check out various FAQs related to Patron Exim IPO:

      What is the Issue Size of Patron Exim IPO?

      The Company is making an initial public offer of 6,180,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.

      What is the Price band of Patron Exim IPO?

      The price band for this particular IPO ranges between Rs 27. As far as the face value of the share is of concern, it is Rs.10 per share.

      What is the Patron Exim IPO Open Date?

      The opening and closing dates for this IPO have been updated. The IPO is set to open on Feb 21, 2023, while the closing date is set at Feb 24, 2023.

      What is the Patron Exim IPO Allotment Date?

      They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on Mar 1, 2023, refund initiation is on Mar 2, 2023, credit of shares is on Mar 3, 2023, and share listing date is on Mar 6, 2023.

      What is the Patron Exim IPO Listing Date?

      Shares of this company shall be listed in the exchanges Mar 6, 2023. The date, when the listing would be done, is stagnant on Mar 6, 2023.

      Who is the Registrar of Patron Exim?

      One of the reputed registrars is managing the issue of this IPO, i.e. Bigshare Services Pvt Ltd. Their website will help you regarding the further information you are on the lookout for.

      Who is the Promoter of Patron Exim IPO?

      Here are the promoters of this IPO – : MR. NARENDRAKUMAR PATEL AND MRS. SUSHILABAHEN PATEL . You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.

      What is the GMP of Patron Exim?

      They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.

      Is Patron Exim IPO good for Investment?

      They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.

      What is the PAT of Patron Exim Company?

      They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2022 in Lakh is 83.11, 2021 is 7.31, and 2020 is 2.20. PAT from Nov 2022 is 145.41.

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      Asset Class ROI (Rs.) Profit (Rs.) Profit (%)
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