Patron Exim IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Feb 24, 2023Let’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
Their 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
Open Free Demat Account Now!
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:
- MR. NARENDRAKUMAR PATEL
- MRS. SUSHILABAHEN PATEL
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 Lakh |
| Net Issue to the Public | Up to 58,64,000 Equity Shares aggregating up to Rs.1583.28 Lakh |
| 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 |
| INTERACTIVE FINANCIAL SERVICES LIMITED Address: 612, 6th Floor, Shree Balaji Heights, Kokilaben Vyas Marg, Ellisbridge, Ahmedabad – 380 009, Gujarat, India Tel No.: 079 46019796 (M) +91-9898055647 Web Site:www.ifinservices.in Email:mbd@ifinservices.in Investor Grievance Email: info@ifinservices.in Contact Person: Mr. Pradip Sandhir SEBI Reg. No.:INM000012856S PRIVATE LIMITED |
Patron Exim IPO Registrar to offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED 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 |
Subscribe to Patron Exim IPO
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.
Calculate your return on investment!
Asset Class
ROI (Rs.)
Profit (Rs.)
Profit (%)
IPO
Equity
Savings
Real Estate
Gold
Bonds
Fixed Deposit
Mutual Fund
Featured Topics