Patron Exim Limited IPO (Patron Exim IPO) Detail

Feb 21, 2023 - Feb 24, 2023

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.

Objects of the Issue

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 Details

IPO Date Feb 21, 2023 to Feb 24, 2023
Listing Date Mar 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

Patron Exim IPO Reservation

NII (HNI) Shares Offered2,932,000 (50% of the Net Issue)
Retail Shares Offered2,932,000 (50% of the Net Issue)
Market Maker portion316,000 shares (SUNFLOWER BROKING PVT. LTD.)
Total Shares Offered5,864,000


KPI Values
P/E (x)11.25
Market Cap (₹ Cr.)62.59

Patron Exim IPO Tentative Timetable

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

Event Tentative Date
Opening Date Feb 21, 2023
Closing Date Feb 24, 2023
Basis of Allotment Mar 1, 2023
Initiation of Refunds Mar 2, 2023
Credit of Shares to Demat Mar 3, 2023
Listing Date Mar 6, 2023
UPI Mandate Confirmation Cut-Off Time 5.00 PM on the issue closing day

Patron Exim IPO Lot Size

The Patron Exim IPO lot size is 4000 shares.

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.

Pre Issue Share Holding 97.06%
Post Issue Share Holding 71.18%

Company Financials

Patron Exim Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthTotal Borrowing
Amount in ₹ Lakhs

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 Feb 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)

Patron Exim IPO Prospectus

Patron Exim IPO Rating

Rating:Rated 3.3 stars
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Patron Exim IPO Listing Details

Listing Date Mar 6, 2023
BSE Script Code 543798
NSE Symbol
IPO Price ₹27 per share

Listing Day Trading Information

Price Details
IPO Price
Last Trade

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Company Contact Information

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://www.bigshareonline.com/

Patron Exim IPO Analysis

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 Feb 21, 2023, and closes on Feb 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 Feb 21, 2023 and closes on Feb 24, 2023.

Patron Exim IPO lot size is 4000 Shares and the minimum order quantity is .

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 Mar 1, 2023, and the allotted shares will be credited to your demat account by Mar 3, 2023. Check the Patron Exim IPO allotment status.

The Patron Exim IPO listing date is on Mar 6, 2023.
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