21 Feb '23 - 24 Feb '23
₹108,000/1 Lots ( 4000 Shares )
₹108,000/1 Lots ( 4000 Shares )
To be announced
Investor category and sub categoryQualified Institutional Buyers | Non-Institutional Investors | Retail Individual Investors |
Important dates with respect to IPO allotment and listing
IPO Opening Date
Feb 21, 2023
IPO Closing Date
Feb 24, 2023
IPO Allotment Date
Mar 1, 2023
Initiation of Refunds
Mar 2, 2023
Credit of Shares to Demat Account
Feb 3, 2023
Feb 6, 2023
IPO Subscription Details
Day 1Feb 21, 2023
Day 2Feb 22, 2023
Day 3Feb 23, 2023
Day 4Feb 24, 2023
IPO Subscription Status Live
|Investor Category||Subscription (Times)|
|Qualified Institutional Buyers||[.]|
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
|Parameters||FY ending on March 31, 2022||FY ending on March 31, 2021||FY ending on March 31, 2020|
|Total revenue||₹ 387.95 cr||₹ 2053.58 cr||₹ 2488.70 cr|
|Profit After Tax||₹ 83.11 cr||₹ 7.31 cr||₹ 2.20 cr|
|Total borrowing in ₹ lakhs||₹ 0.00 lakhs||₹ 236.99 lakhs||₹ 137.18 lakhs|
|Date||As on 31 March, 2022||As on 31st March, 2021||As on 31st March, 2020|
|Current Assets||₹ 1464.57 lakhs||₹ 810.93 cr||₹ 1634.01 cr|
|Current Liabilities||₹ 950.11 cr||₹ 303.51 cr||₹ 1237.40 cr|
Know before investing
The current promoter possesses more than two decades of industry experience.
They fall under the category of essential business and continued operation during the Covid-19 lockdown.
In the two decades of business, Patron Exim has earned significant goodwill and recognition as a trusted business partner.
The company only trades and distributes API ingredients and has no manufacturing activities.
There are pending litigations pending against the company.
They have no registered office or manufacturing facilities.
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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.
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You can submit only one application using one PAN card.
The minimum size of the application will be one lot of 4000 shares.