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:
- To meet working capital requirements.
- General corporate purposes.
- To meet public issue expenses.
Financial Highlights (Consolidated)
| Particulars | Period ended on 30th Sep. 2022 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Net Worth | 1626 | 514 | 270 | 259 |
| Total Assets | 2448 | 1465 | 811 | 1634 |
| Total Borrowing | 618 | 0 | 237 | 137 |
| Total Revenue | 1054 | 502 | 2054 | 2516 |
| Profit After Tax | 145 | 83 | 7 | 2 |
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 Type | Fixed Price Issue IPO |
| IPO Price | ₹ 27 per share |
| Face Value | ₹ 10 per share |
| Market Lot | 4,000 shares |
| Issue Size | 6,180,000 shares of ₹ 10 (Aggregating up to ₹ 16.69 Crore) |
| Fresh Issue | 6,180,000 shares of ₹ 10 (Aggregating up to ₹ 16.69 Crore) |
| Retail Shares Offered | 50% of the Net Issue |
| NII (HNI) Shares Offered | 50% of the Net Issue |
| Listing At | BSE SME |
| Promoters | 1. 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 Date | February 21, 2023 |
| Closing Date | February 24, 2023 |
| Basis of Allotment | March 1, 2023 |
| Initiation of Refunds | March 2, 2023 |
| Credit of shares to Demat A/c | March 3, 2023 |
| Listing Date | March 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.
| Applications | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 4,000 | ₹ 108,000 |
| Retail (Maximum) | 1 | 4,000 | ₹ 108,000 |
| HNI (Minimum) | 2 | 8,000 | ₹ 216,000 |
Promoters Holdings – Patron Exim IPO
| Pre-issue Shares Holdings | 97.06% |
| Post-issue Shares Holdings | 71.18% |
SWOT Analysis – Patron Exim IPO
| STRENGTHS | WEAKNESSES |
|---|---|
| 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. |
| OPPORTUNITIES | THREATS |
| 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 Information | Patron 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 Registrar | Bigshare 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
What will be the Patron Exim IPO lot size?
One lot of Patron Exim IPO contains 4,000 shares of ₹ 108,000.
What minimum lot size can retail investors subscribe to?
The minimum investment size is one lot for retail investors.
How many shares in the Patron Exim IPO Offer are reserved for HNIs and retail investors?
The investors’ portion for NII (HNI) – 50%, and Retail – 50%.
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