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Patron Exim IPO

Small CapSME
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IPO Details

Bidding Dates

21 Feb '23 - 24 Feb '23

Minimum Investment

₹108,000/1 Lots ( 4000 Shares )

Price Range

₹27

Maximum Investment

₹108,000/1 Lots ( 4000 Shares )

Retail Discount

To be announced

Issue Size

₹16.69 Cr

Investor category and sub category

Qualified Institutional Buyers  |  Non-Institutional Investors  |  Retail Individual Investors

IPO Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Feb 21, 23

IPO Closing Date

Feb 24, 23

IPO Allotment Date

Mar 1, 23

Initiation of Refunds

Mar 2, 23

Credit of Shares to Demat Account

Feb 3, 23

Listing Date

Feb 6, 23

IPO Subscription Details

DateNIIRetailTotal

Day 1Feb 21 2023

0.020.250.14

Day 2Feb 22 2023

0.030.550.29

Day 3Feb 23 2023

0.780.780.78

Day 4Feb 24 2023

0.971.171.07

About Company

The Ahmedabad-based company engages in the trading and distribution of various pharmaceutical raw materials or active pharmaceutical ingredients (API), industrial chemicals, excipients, solvents, and preparation and formulation of biochemical products.

The company has a product portfolio of over 150 APIs, industry chemicals, excipients, and others. Besides, Patron Exim also trades in petrochemicals, dyes and pigment chemicals, agrochemicals, oil and refinery chemicals, and others.

Patron Exim Limited IPO Objective

The company proposes to utilise the funds from the fresh issue IPO on the following heads.

  • Meeting working capital requirements 
  • Funding public issue expenses 
  • General corporate purposes 

Why should you invest in the Patron Exim Limited IPO?

Here are your top reasons to invest in the IPO. 

  • The company offers a diverse product portfolio, including active pharmaceutical ingredients (API), industrial chemicals, agrochemicals, excipients, solvents, and others.
  • They have earned significant goodwill in the industry with a focus on higher client satisfaction. 

Patron Exim Company Financials

ParametersFY ending on March 31, 2022FY ending on March 31, 2021
Total revenue₹ 387.95 cr₹ 2053.58 cr
Profit After Tax₹ 83.11 cr₹ 7.31 cr
Total borrowing in ₹ lakhs₹ 0.00 lakhs₹ 236.99 lakhs
DateAs on 31 March, 2022As on 31st March, 2021
Current Assets₹ 1464.57 lakhs₹ 810.93 cr
Current Liabilities₹ 950.11 cr₹ 303.51 cr

Know before investing

Strengths

3

  1. The current promoter possesses more than two decades of industry experience.

  2. They fall under the category of essential business and continued operation during the Covid-19 lockdown.

  3. In the two decades of business, Patron Exim has earned significant goodwill and recognition as a trusted business partner.

Risks

3

  1. The company only trades and distributes API ingredients and has no manufacturing activities.

  2. There are pending litigations pending against the company.

  3. They have no registered office or manufacturing facilities.

  • How to Apply in IPO
  • How to Check IPO Allotment Status
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Login to Angel One App / Website & click on IPO

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Select desired IPO & tap on "Apply"

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Enter UPI ID, set quantity/price & submit

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Accept mandate on the UPI app to complete the process

Patron Exim IPO FAQs

Patron Exim Limited SME IPO opens on February 21, 2023. The total IPO size is ₹16.69 crore or 6,180,000 fresh shares.
The IPO shares of Patron Exim Limited will be allotted on March 1, 2023.
One lot of Patron Exim Limited’ IPO has 4000 shares.
The IPO opens for subscription on February 21, 2023.
Retail investors can apply for a minimum of one lot.
The shares will list on the BSE exchange on March 06, 2023.
Angel One customers can log in to their accounts to check Patron Exim Limited IPO allotment status. When checking the allotment status, keep your application, DP ID, and PAN number ready.
Listing gain is the difference between the IPO's opening and offer prices. The listing gain results from changing investors' interests, global parameters, and short vs long-term outlooks. 
The bank initially blocks the amount you bid for an IPO. It will debit the amount when the shares get allotted or unblock it after the UPI mandate expiry date. 
Login to your UPI handle and approve the payment mandate to complete the IPO application process.
You can submit only one application using one PAN card.
The minimum size of the application will be one lot of 4000 shares.
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