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Patron Exim Limited IPO (Patron Exim IPO) Detail

February 21, 2023 - February 24, 2023

Patron Exim IPO is a fixed price issue of Rs 16.69 crores. The issue is entirely a fresh issue of 61.8 lakh shares.

Patron Exim IPO bidding started from February 21, 2023 and ended on February 24, 2023. The allotment for Patron Exim IPO was finalized on Wednesday, March 1, 2023. The shares got listed on BSE SME on March 6, 2023.

Patron Exim IPO price is ₹27 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹108,000. The minimum lot size investment for HNI is 2 lots (8,000 shares) amounting to ₹216,000.

Interactive Financial Services Ltd is the book running lead manager of the Patron Exim IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Patron Exim IPO is Sunflower Broking.

Refer to Patron Exim IPO RHP for detailed information.

Patron Exim IPO Details

IPO Date February 21, 2023 to February 24, 2023
Listing Date March 6, 2023
Face Value ₹10 per share
Price ₹27 per share
Lot Size 4000 Shares
Total Issue Size6,180,000 shares
(aggregating up to ₹16.69 Cr)
Fresh Issue6,180,000 shares
(aggregating up to ₹16.69 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Market Maker portion316,000 shares
Sunflower Broking

Patron Exim IPO Reservation

Patron Exim IPO offers 6,180,000 shares. 2,932,000 (47.44%) to NII, 2,932,000 (47.44%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered316,000 (5.11%)
Other Shares Offered2,932,000 (47.44%)
Retail Shares Offered2,932,000 (47.44%)
Total Shares Offered6,180,000 (100%)

Patron Exim IPO Timeline (Tentative Schedule)

Patron Exim IPO opens on February 21, 2023, and closes on February 24, 2023.

IPO Open Date Tuesday, February 21, 2023
IPO Close Date Friday, February 24, 2023
Basis of Allotment Wednesday, March 1, 2023
Initiation of Refunds Thursday, March 2, 2023
Credit of Shares to Demat Friday, March 3, 2023
Listing Date Monday, March 6, 2023
Cut-off time for UPI mandate confirmation 5 PM on February 24, 2023

Patron Exim IPO Lot Size

Investors can bid for a minimum of 4000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 4000 ₹108,000
Retail (Max) 1 4000 ₹108,000
HNI (Min) 2 8,000 ₹216,000
Lot Size Calculator

Patron Exim IPO Promoter Holding

Mr. Narendrakumar Gangaramdas Patel and Mrs. Sushilabahen Narendrakumar Patel are the promoters of the company.
Share Holding Pre Issue 97.06%
Share Holding Post Issue 71.18%

About Patron Exim Limited

Incorporated in 1992, Patron Exim Limited is an Ahmedabad-based company engaged in the trading and distribution of a wide range of pharmaceutical raw material which is also known as APIs (Active Pharmaceutical Ingredients), industrial chemical, excipient, and solvents.

Patron Exim's product portfolio comprises around 150 AIPs, Excipient, Pharma Chemical & Intermediates. The company is also in the trading of a variety of chemicals, such as Petrochemicals, Dyes & Pigment Chemicals, Paints & Speciality Chemical, Agro Chemicals, Oil & Refinery Chemicals, Foam & Adhesive, Plywood & Laminates Chemical.

The company has total strength of permanent employees 09 in various departments.

Company Financials

Patron Exim Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthTotal Borrowing
31-Mar-201,634.012,516.442.20259.43137.18
31-Mar-21810.932,053.727.31270.43236.99
31-Mar-221,464.57501.6183.11514.460.00
30-Nov-222,447.611,054.12145.411,625.87617.64
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Patron Exim IPO is Rs 62.59 Cr.

Pre IPO Post IPO
P/E (x) 28.72

Objects of the Issue (Patron Exim IPO Objectives)

The Company proposes to utilize the Net Proceeds from the issue towards the following objects: 1. Working capital requirement 2. General Corporate Purpose, 3. Meeting Public Issue Expenses.

Patron Exim IPO Review (Avoid)

[Dilip Davda]  The company is in trading/distribution only and has no manufacturing activities. Based on its financial track records, the issue is aggressively priced. Higher spending for the IPO indicates arranged funding. The is no harm in skipping this pricey issue. Read detail review...


Patron Exim IPO Subscription Status (Bidding Detail)

The Patron Exim IPO is subscribed 1.07 times on February 24, 2023 6:59:00 PM. The public issue subscribed 1.17 times in the retail category, times in the QIB category, and 0.97 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
Other0.97
Retail1.17
Total1.07

Patron Exim IPO Prospectus

Patron Exim IPO Rating

112
3.3
Rating:Rated 3.3 stars
Vote Here ...

Patron Exim IPO Listing Details

Listing Date March 6, 2023
BSE Script Code 543798
NSE Symbol
ISIN INE0NPA01011
Final Issue Price ₹27 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE SME
₹27.00
₹28.40
₹26.98
₹28.40
₹26.98

Check IPO Performance…

Patron Exim Limited Contact Details

Patron Exim Limited
411, Safal Perlude, B/h Ashwaraj Bunglows,
100 FT Road, Prahladnagar, Vejalpur,
Ahmedabad 380015
Phone: 9979978393
Email: info@patronexim.com
Website: https://patronexim.com/

Patron Exim IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html

Patron Exim IPO - Buy or Not

Patron Exim IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 1 1 3

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Patron Exim IPO FAQs

Patron Exim IPO is a SME IPO of 6,180,000 equity shares of the face value of ₹10 aggregating up to ₹16.69 Crores. The issue is priced at ₹27 per share. The minimum order quantity is 4000 Shares.

The IPO opens on February 21, 2023, and closes on February 24, 2023.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Zerodha customers can apply online in Patron Exim IPO using UPI as a payment gateway. Zerodha customers can apply in Patron Exim IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Patron Exim IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Patron Exim IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Patron Exim IPO opens on February 21, 2023 and closes on February 24, 2023.

Patron Exim IPO lot size is 4000 Shares, and the minimum amount required is ₹108,000.

You can apply in Patron Exim IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Patron Exim IPO will be done on Wednesday, March 1, 2023, and the allotted shares will be credited to your demat account by Friday, March 3, 2023. Check the Patron Exim IPO allotment status.

The Patron Exim IPO listing date is on March 6, 2023.
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Patron Exim IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Members with Most Likes

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190 Comments

104. Takamichi |   Link |  Bookmark |April 1, 2023 4:22:20 PM
IPO Mentor IPO Mentor (800+ Posts, 700+ Likes)
Regular trade should start this week.....
103. SAFETY FIRST |   Link |  Bookmark |March 30, 2023 3:57:42 PM
The format for SME IPOs is a big fraud. It makes you buy in amounts exceeding Rs. 1 lakh. Investors apply blindly and get stuck. The only remedy left for investors is to not apply for IPOs for a few weeks to force a change in the format for SME IPOs. I am doing it.
102. IPOmentor |   Link |  Bookmark |March 24, 2023 11:09:46 AM
Patron 5/- pe (only five) pe milega kya ?
101. SJogi |   Link |  Bookmark |March 23, 2023 9:27:39 PM
IPO Mentor IPO Mentor (900+ Posts, 900+ Likes)
was just going through the past 2 ipos of this group.
they both are in worst condition.
they all are related and almost have same businesses.
really shocked after seeing 3rd ipo from same group having same business.
stay away from this.
i wont buy it even at 1rs.
100. IPOmentor |   Link |  Bookmark |March 22, 2023 10:50:55 AM
as per prediction ye bhi 13/- pe aa gaya. 1 pe 1 free. Dosto paisa apni jab me rakho na ki company ka karja chukavo.
99. hiddenburg |   Link |  Bookmark |March 21, 2023 5:28:08 PM
SEBI OFFICALS ANNOUCNCED IT WILL GO HIGH AND HIGH WILL CROSS 230IN JUNE 2023
98. Gaurav DD dimer |   Link |  Bookmark |March 17, 2023 7:29:35 PM
IPO Mentor IPO Mentor (1200+ Posts, 400+ Likes)
20% LC will be on Tuesday.

Stay away.
98.2. Gaurav DD dimer |   Link |  Bookmark |March 22, 2023 1:17:25 PM
IPO Mentor IPO Mentor (1200+ Posts, 400+ Likes)
One more 20% LC.

Now tomorrow 10% LC.
98.3. Gaurav DD dimer |   Link |  Bookmark |March 23, 2023 3:58:09 PM
IPO Mentor IPO Mentor (1200+ Posts, 400+ Likes)
10% LC today.

tomorrow will be below 10 with 1 more 10% LC
97. IPOmentor |   Link |  Bookmark |March 15, 2023 4:09:40 PM
KYA YE BHI 13/- PE MILEGA. BUY 1 GET 1 FREE
97.1. SJogi |   Link |  Bookmark |March 16, 2023 11:27:48 PM
IPO Mentor IPO Mentor (900+ Posts, 900+ Likes)
Bhai itne me mile toh bhi na lu ise😂
96. SJogi |   Link |  Bookmark |March 10, 2023 11:25:47 AM
IPO Mentor IPO Mentor (900+ Posts, 900+ Likes)
daily LC.
96.1. IPOmentor |   Link |  Bookmark |March 17, 2023 11:02:53 AM
sahi baat hai. this deserve only 10/-
95. Arjun Rajkot |   Link |  Bookmark |March 8, 2023 9:34:53 AM
IPO Guru IPO Guru (1000+ Posts, 1900+ Likes)
Request Memebers not to apply
Even Don't Buy
Stay Away

Junk !
95.1. SJogi |   Link |  Bookmark |March 8, 2023 3:05:25 PM
IPO Mentor IPO Mentor (900+ Posts, 900+ Likes)
Yeah i will also suggest to stay away from this.
Very risky stock.
94. SJogi |   Link |  Bookmark |March 8, 2023 8:11:24 AM
IPO Mentor IPO Mentor (900+ Posts, 900+ Likes)
Huge selling pressure.
93. SJogi |   Link |  Bookmark |March 7, 2023 7:23:59 PM
IPO Mentor IPO Mentor (900+ Posts, 900+ Likes)
pharma sector losing its fancy.
92. Dinesh Singh |   Link |  Bookmark |March 6, 2023 8:05:28 PM
IPO Guru IPO Guru (1300+ Posts, 500+ Likes)
Bulk deals indicate something cooking...

92.7. Noorul |   Link |  Bookmark |March 7, 2023 11:42:45 AM
Did u bought it ?
92.8. Dinesh Singh |   Link |  Bookmark |March 7, 2023 2:06:26 PM
IPO Guru IPO Guru (1300+ Posts, 500+ Likes)
No I did not bought it..but closely watching the event...Will take suitable decision based on your input..
91. PLAZA |   Link |  Bookmark |March 6, 2023 9:18:19 PM
IPO Guru IPO Guru (2000+ Posts, 1200+ Likes)
Sunflower broking Market maker sold entire shares 316000 @26•98 ,
90. SJogi |   Link |  Bookmark |March 6, 2023 7:22:56 PM
IPO Mentor IPO Mentor (900+ Posts, 900+ Likes)
AG dynamic funds sold all there holdings i.e 2144000 shares.
Even market maker sunflower broking ltd sold all there holdings i.e 316000.
Very bad move from market maker.
89. Santosh IPO Investor |   Link |  Bookmark |March 6, 2023 10:43:16 AM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
Good listing for confirm allotment rs 5600 profit per lot
89.1. IPOmentor |   Link |  Bookmark |March 6, 2023 2:41:44 PM
sab ko milega bhai 20/- tak ayega
88. Santosh IPO Investor |   Link |  Bookmark |March 6, 2023 10:43:06 AM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
Good listing for confirm allotment rs 5600 profit per lot
87. Santosh IPO Investor |   Link |  Bookmark |March 6, 2023 10:41:29 AM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
Good Listing
86. RajaBanks |   Link |  Bookmark |March 6, 2023 10:15:00 AM
already mentioned that the GMP was 0.
Good listing after all the controversy.
85. PKRAJ |   Link |  Bookmark |March 6, 2023 9:43:01 AM
This is definitely a good listing, who sold are the winners. About half the quantity traded till now. Still buyers at 27.60.
GMP was negative everywhere in the news. More than 10%. So, members who dare to apply got something. Future of this company is uncertain. Today's positive market helped in positive listing.
Have a nice week to all.
85.1. PKRAJ |   Link |  Bookmark |March 6, 2023 10:07:23 AM
Now lower circuit and lakhs of shares for sale.
Always better for the investors not to take risk. One must learn lesson from this.
Already many lessons have been taught in the past, but difficult for the investors to keep oneself away.
Keep learning.