Patron Exim Limited IPO : Highlights

Patron Exim Limited IPO is set to launch on 21 Feb, 2023. The company is based in Ahmedabad. It initiated its business operations in 1992. It is involved in the manufacturing of API (Active Pharmaceutical Ingredients). Alongside this it is also involved in manufacturing industrial chemicals, solvents and excipients. Its product portfolio includes 150+ APIs, chemicals and intermediaries. It also trades into petrochemicals, Paint and speciality chemicals, Dyes and Pigments, Agro Chemicals, Plywood and laminates chemicals, Foam and Adhesive, etc. It has 9 employees.

Patron Exim Limited IPO DETAILS

Patron Exim Limited IPO is set to launch on 21 Feb., 2023. The subscription timeline extends till 24 Feb, 2023. The size for the IPO is 16.69 Crore Rs. Shares issued through fresh issues are worth 16.69 Crore Rs. No Shares are issued through Offer For Sale mode. The lot size is 4000 shares and the price is 27 Rs per share. The company is going to get listed at BSE SME. The face value per share is Rs.10 and this is a Fixed Price issue. The registrar for the company is BigShare Services Private Limited.

Tabular Description of Patron Exim Limited IPO 

IPO OPENING DATE 16 Feb., 2023
CLOSING DATE FOR IPO 21 Feb, 2023
ISSUE TYPE Fixed Price Issue
Face Value per share 10 Rs. per share
IPO price band 27 Rs. per share
LOT SIZE 4000 shares
MINIMUM ORDER QUANTITY 4000 shares
ISSUE SIZE 16.69 Crore Rs.
OFFER FOR SALE No shares are issued through Offer for Sale mode.
FRESH ISSUE 16.69 Crore Rs.
LISTING AT BSE SME
LISTING DATE 6 March, 2023

Patron Exim Limited IPO : IMPORTANT DATES

IPO OPENING DATE 21 Feb., 2023
CLOSING DATE FOR IPO 24 Feb, 2023
IPO ALLOTMENT DATE 1 March, 2023
REFUNDS 2 March, 2023
DEMAT A/C CREDITED ON 3 March, 2023
IPO LISTING DATE 6 March, 2023

Patron Exim Limited IPO begins for subscription from 21 Feb., 2023. The IPO subscription would continue till 24 Feb, 2023. The allotment status for the shareholders who applied would come on 1 March, 2023. The refunds for the ones who did not get allotment would be initiated on 2 March, 2023. The DEMAT accounts of shareholders would be credited on 3 March, 2023. The listing of the company would be accompanied on 6 March 2023.

Patron Exim Limited IPO : Lead Managers

The lead managers are :

  • Beeline Capital Advisors Securities Limited

The minimum lot size for the company is decided at 4000 shares. This holding accounts to  108000 Rs.. The maximum lot size is decided at 8000 shares (HNI). This amounts to 216000 Rs.. Hence the company’s final holdings would be set as :

  Shares Amount
Minimum 4000 shares 108000 Rs.
Maximum 8000 shares 216000 Rs.

OBJECTIVES FOR THE IPO

  • For General corporate purposes.
  • The funds can be used for working capital requirements.

COMPANY FINANCIALS

Particularly (in Lakh Rs.) 2020-21 2020-21 2021-22
ASSETS 1634 810 1464
Revenue 2516 2053 501
PAT 2 7 83

Patron Exim Limited has a very mixed signalled balance sheet. The company’s asset base was 1634 Lakh Rs in 2020 which decreased to 810 Lakh Rs in 2021 and then increased again to 1464 Lakh Rs. However at the end of 3 years the company’s net asset decreased by 170 Lakh Rs. On the other hand the revenue of the firm was 2516 Lakh Rs in 2020 which decreased to 2053 Lakh Rs in 2021. In 2022 the revenue of the firm took a huge dive to 501 Lakh Rs which is more than 1500 Lakh Rs lower than the previous year. 

However the profits of the company were completely opposite than the revenue base and asset base. The profit of the company was 2 Lakh Rs in 2020 which increased to 7 Lakh Rs in 2021 and 83 Lakh Rs in 2022. Hence the year in which the revenue took a huge hit has the maximum amount of profit recorded at 83 Lakh Rs.

PROS

  • Its product portfolio includes 150+ APIs, chemicals and intermediaries. 
  • It also trades into petrochemicals, Paint and speciality chemicals, Dyes and Pigments, Agro Chemicals, Plywood and laminates chemicals, Foam and Adhesive, etc.

CONS

  • The company works in a highly competitive segment. 

Patron Exim Limited IPO APPLICATION PROCESS WITH ZERODHA

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

  1. Logging into Zerodha console through its website or KITE platform.
  2. Clicking the IPO link present in the Portfolio section.
  3. Click the Patron Exim Limited IPO button and press the BID button.
  4. Entering the details asked for like UPI ID, Quantity and price.
  5. Submit the application form for the IPO.
  6. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.

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