Patron Exim IPO

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 namePatron Exim Limited
Company Website

The objective of the Issue

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

IPO Timetable

IPO Opening date21 February 2023
IPO Closing24 February 2023
Basis of Allotment01 March 2023
Initiation Refund02 March 2023
Credit to Demat Account03 March 2023
Listing Date06 March 2023

IPO details

Issue typeFixed Price Issue IPO
IPO issue size₹16.69 Cr – 6,180,000 shares
Fresh Issue₹16.69 Cr – 6,180,000 shares
Offer for saleNil
Face value₹10 per share
Price Band₹27 per share
Lot size4000 Shares
Market Maker portion316,000 shares
Retail Allocation50% of the Net Issue
Listing ExchangeBSE SME

IPO Lot Size

Retail (Min)14000₹108,000
Retail (Max)14000₹108,000
HNI (Min)28,000₹216,000

Reservation Details

NII (HNI) Shares Offered50% of the Net Issue
Retail Shares Offered50% of the Net Issue

Financial Performance

 FY 2020FY 2021FY 20228M FY 2023
Net income2.207.3183.11145.41
(Amount in ₹ Lakhs)

Valuations & Margins

FY 2020FY 2021FY 2022
PE ratio16.67
RONW (%)0.852.7016.15
ROCE (%)
EBITDA (%)0.621.3641.40

Company Promoters

  • Mr. Narendrakumar Gangaramdas Patel
  • Mrs. Sushilabahen Narendrakumar Patel

Promoter Holding

Pre Issue Share Holding97.06%
Post Issue Share Holding71.18%

Lead Manager(s)

  • Interactive Financial Services Ltd

IPO Registrar

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

Contact Details

411, Safal Perlude, B/h Ashwaraj Bunglows,
100 FT Road, Prahladnagar, Vejalpur,
Ahmedabad – 380015, Gujarat, India
Phone: +91 99799 78393

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

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