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Patron Exim IPO GMP, Price, Dates & Allotment Details 2023

Patron Exim IPO GMP, Price, Dates & Allotment Details 2023

Patron Exim IPO opens on February 21 and closes on February 24, 2023. As per the DRHP filed with SEBI, the company intends to raise approximately ₹ 16.69 crore through this public offering, consisting of 6,180,000 shares of face value of ₹ 10 each. Which will be issued at a price of ₹ 27 per share.

The company was originally formed as a partnership firm in 1982 under the name and style of “M/s Arvind Traders.” Later, the firm incorporated as a company in 2022. Currently, the company is engaged in the trading and distribution of a wide range of pharmaceutical raw materials, also known as APIs (active pharmaceutical ingredients), industrial chemicals, excipients, and solvents. Presently, its product portfolio comprises around 150 AIPs, excipients, pharmaceutical chemicals, and intermediates.

The company is also in the trading of a variety of chemicals, such as petrochemicals, dyes and pigment chemicals, paints and specialty chemicals, agrochemicals, oil and refinery chemicals, foam and adhesive chemicals, plywood and laminate chemicals, etc.

Objects of the Issue

The company proposes to utilize the net proceeds of the Fresh Issue towards funding the following objects:

  1. To meet working capital requirements.
  2. General corporate purposes.
  3. To meet public issue expenses.

Financial Highlights (Consolidated)

ParticularsPeriod ended on 30th Sep. 2022FY 2021-22FY 2020-21FY 2019-20
Net Worth1626514270259
Total Assets244814658111634
Total Borrowing6180237137
Total Revenue105450220542516
Profit After Tax1458372
(Amount in ₹ Lakhs)

Patron Exim IPO – Details

According to the DRHP filed with SEBI, the company plans to issue 6,180,000 shares of face value of ₹ 10 each, aggregating up to ₹ 16.69 crore.

Issue TypeFixed Price Issue IPO
IPO Price₹ 27 per share
Face Value₹ 10 per share
Market Lot4,000 shares
Issue Size6,180,000 shares of ₹ 10  (Aggregating up to ₹ 16.69 Crore)
Fresh Issue6,180,000 shares of ₹ 10  (Aggregating up to ₹ 16.69 Crore)
Retail Shares Offered50% of the Net Issue
NII (HNI) Shares Offered50% of the Net Issue
Listing AtBSE SME
Promoters1. Mr. Narendrakumar Gangaramdas Patel
2. Mrs. Sushilabahen Narendrakumar Patel

GMP – Patron Exim IPO

Patron Exim IPO GMP, or Grey Market Premium, are available here. The IPO GMP Premium updated day by day for IPOs’ running periods, and the GMP rates fluctuated and became stable some time later. The GMP rates are not 100% guaranteed. Please click here for GMP details.

Timetable – Patron Exim IPO

Opening DateFebruary 21, 2023
Closing DateFebruary 24, 2023
Basis of AllotmentMarch 1, 2023
Initiation of RefundsMarch 2, 2023
Credit of shares to Demat A/cMarch 3, 2023
Listing DateMarch 6, 2023

Lot Size – Patron Exim IPO

The lot size of the Patron Exim IPO is 4,000 shares. A retail-individual investor can apply for up to 1 lot, i.e. 4,000 shares of  ₹ 108,000.

ApplicationsLotsSharesAmount
Retail (Minimum)14,000₹ 108,000
Retail (Maximum)14,000₹ 108,000
HNI (Minimum)28,000₹ 216,000

Promoters Holdings – Patron Exim IPO

Pre-issue Shares Holdings97.06%
Post-issue Shares Holdings71.18%

SWOT Analysis – Patron Exim IPO

STRENGTHSWEAKNESSES
1. Diversified Product Portfolio.
2. Quality Service.
3. High level of customer satisfaction.
4. Experienced Promoter.
1. Outstanding litigation involved the company and its promoters.
2. Significant portion of revenues generated from few clients.
OPPORTUNITIESTHREATS
1. Expanding Business in different geography. 
2. New product development.
1. Competitions.
2. Changes in technologies.
3. Government policies.

Miscellaneous Information

Download Prospectus (PDF)IPO DRHP
Company Contact InformationPatron Exim Limited
411, Safal Perlude, B/h Ashwaraj Bunglows, 100 FT Road, Prahladnagar, Vejalpur, Ahmedabad 380015
Phone: 9979978393
Email: [email protected]
Website: https://patronexim.com/
IPO RegistrarBigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: www.bigshareonline.com
IPO Lead Manager(s)Interactive Financial Services Ltd 

FAQ’s

One lot of Patron Exim IPO contains 4,000 shares of ₹ 108,000.

The minimum investment size is one lot for retail investors.

The investors’ portion for NII (HNI) – 50%, and Retail – 50%.

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