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Indong Tea IPO vs Patron Exim IPO

Comparison between Indong Tea IPO and Patron Exim IPO.

IPO Details

Indong Tea IPO is a SME Fixed Price IPO proposed to list at BSE SME while Patron Exim IPO is a SME Fixed Price proposed to list at BSE SME.

 Indong Tea IPOPatron Exim IPO
LogoIndong Tea IPO LogoPatron Exim IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtBSE SMEBSE SME
Lead ManagersFinshore Management Services Ltd.Interactive Financial Services Ltd.
RegistrarCameo Corporate Services Ltd.Bigshare Services Pvt.Ltd.
Market MakerNikunj Stock Brokers Ltd.Sunflower Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Indong Tea IPO is up to ₹12.36 Cr whereas the issue size of the Patron Exim IPO is up to ₹15.83 Cr. The final issue price of Indong Tea IPO is ₹26.00 per share and of Patron Exim IPO is ₹27.00 per share.

 Indong Tea IPOPatron Exim IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹26.00 per share₹27.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size4000 shares4000 shares
Fresh Issue Size47,52,000 shares58,64,000 shares
Fresh Issue Size (Amount)up to ₹12.36 Crup to ₹15.83 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total47,52,000 shares58,64,000 shares
Issue Size Total (Amount)up to ₹12.36 Crup to ₹15.83 Cr

IPO Timetable

Indong Tea IPO opens on Feb 09, 2023, while Patron Exim IPO opens on Feb 21, 2023. The closing date of Indong Tea IPO and Patron Exim IPO is Feb 13, 2023, and Feb 24, 2023, respectively.

 Indong Tea IPOPatron Exim IPO
Anchor Bid Date
Issue OpenFeb 09, 2023Feb 21, 2023
Issue CloseFeb 13, 2023Feb 24, 2023
Basis Of Allotment (Tentative)Feb 16, 2023Mar 01, 2023
Initiation of Refunds (Tentative)Feb 17, 2023Mar 02, 2023
Credit of Share (Tentative)Feb 20, 2023Mar 03, 2023
Listing date (Tentative)Feb 21, 2023Mar 06, 2023
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Indong Tea IPO P/E ratio is 9.52, as compared to Patron Exim IPO P/E ratio of 28.72.

 Indong Tea IPOPatron Exim IPO
Financials

Company Financials (Restated)

Period Ended30 Sep 202231 Mar 202231 Mar 202131 Mar 2020
Assets46.9043.2540.6041.36
Total Income13.2419.9323.1316.73
Profit After Tax2.051.321.28-1.21
NET Worth10.688.64-2.94-4.22
Reserves and Surplus21.7619.7113.0211.75
Total Borrowing10.479.6018.4220.97
Amount in ₹ Crore

Company Financials (Restated)

Period Ended30 Nov 202231 Mar 202231 Mar 202131 Mar 2020
Assets24.4814.658.1116.34
Total Income10.545.0220.5425.16
Profit After Tax1.450.830.070.02
NET Worth16.265.142.702.59
Reserves and Surplus0.000.000.000.00
Total Borrowing6.180.002.371.37
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)96.0997.06
Promoter Shareholding (Post-Issue)64.0371.18
P/E Ratio9.5228.72
Market Cap₹39.00 Cr.₹62.59 Cr.
ROE
ROCE
Debt/Equity
EPS₹2.12₹1.62
RoNW15.2416.15

Shares Offered

In the Indong Tea IPO Retail Individual Investors (RII) are offered 23,76,000 shares while in Patron Exim IPO retail investors are offered 23,76,000 shares. Qualified Institutional Buyers (QIB) are offered in Indong Tea IPO and in Patron Exim IPO.

 Indong Tea IPOPatron Exim IPO
Anchor Investor Reservation
Market Maker Reservation5,04,000 shares3,16,000 shares
QIB
NII23,76,000 shares29,32,000 shares
RII23,76,000 shares29,32,000 shares
Employee
Others
Total47,52,000 shares58,64,000 shares

Bids Received (Subscription)

Indong Tea IPO subscribed 4.97x in total, whereas Patron Exim IPO subscribed 1.07x.

 Indong Tea IPOPatron Exim IPO
QIB (times)
NII (times)2.17x0.97x
Big NII (times)
Small NII (times)
RII (times)7.76x1.17x
Employee (times)
Other (times)
Total (times)4.97x1.07x

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Compare:

Indong Tea IPO Vs Patron Exim IPO