Patron Exim IPO

Patron Exim IPO will open for subscription from 21 February 2023. the company aims for an issue size of ₹16.69 Cr through this IPO.

About Company

Incorporated in 1992, Patron Exim 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. The company’s product portfolio comprises around 150 APIs, including Excipients, Pharma Chemicals & Intermediates. It’s 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 range of chemicals also includes food industry & water treatment chemicals, resins & plastics chemicals, polymers, and additives, etc. The company has 9 permanent employees on its payroll in various departments.

Basic details about the company

Full name	Patron Exim Limited
Sector	Trading
Industry	Trading
Company Website	https://patronexim.com/

The objective of the Issue

Working Capital Requirements.
Meeting Publish Issue Expenses.
General Corporate Purposes.

IPO Timetable

IPO Opening date	21 February 2023
IPO Closing	24 February 2023
Basis of Allotment	01 March 2023
Initiation Refund	02 March 2023
Credit to Demat Account	03 March 2023
Listing Date	06 March 2023

IPO details

Issue type	Fixed Price Issue IPO
IPO issue size	₹16.69 Cr – 6,180,000 shares
Fresh Issue	₹16.69 Cr – 6,180,000 shares
Offer for sale	Nil
Face value	₹10 per share
Price Band	₹27 per share
Lot size	4000 Shares
Market Maker portion	316,000 shares
Retail Allocation	50% of the Net Issue
Listing Exchange	BSE SME

IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	1	4000	₹108,000
Retail (Max)	1	4000	₹108,000
HNI (Min)	2	8,000	₹216,000

Reservation Details

NII (HNI) Shares Offered	50% of the Net Issue
Retail Shares Offered	50% of the Net Issue

Financial Performance

	FY 2020	FY 2021	FY 2022	8M FY 2023
Revenue	2,488.70	2,053.58	387.95	960.00
Expenses	2,512.44	2,038.86	359.70	849.47
Net income	2.20	7.31	83.11	145.41

(Amount in ₹ Lakhs)

Valuations & Margins

	FY 2020	FY 2021	FY 2022
EPS	0.08	0.27	1.62
PE ratio	–	–	16.67
RONW (%)	0.85	2.70	16.15
NAV	10.0	10.0	10.0
ROCE (%)	–	–	–
EBITDA (%)	0.62	1.36	41.40
Debt/Equity	–	–	–

Company Promoters

Mr. Narendrakumar Gangaramdas Patel
Mrs. Sushilabahen Narendrakumar Patel

Promoter Holding

Pre Issue Share Holding	97.06%
Post Issue Share Holding	71.18%

Lead Manager(s)

Interactive Financial Services Ltd

IPO Registrar

BIGSHARE SERVICES PRIVATE LIMITED
Office No. S6-2, 6th Floor,
Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East,
Mumbai – 400 093
Telephone:+91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com

Contact Details

PATRON EXIM LIMITED
411, Safal Perlude, B/h Ashwaraj Bunglows,
100 FT Road, Prahladnagar, Vejalpur,
Ahmedabad – 380015, Gujarat, India
Phone: +91 99799 78393
E-mail: info@patronexim.com
Website: www.patronexim.com

Allotment Status

Patron Exim IPO allotment status will be available on Bigshare Services’ website. Click on Bigshare Services weblink to get allotment status.

Final thoughts

Patron Exim IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.

Happy Investing