Patron Exim was originally formed as a partnership firm on April 01, 1982. The company is engaged in the trading and distribution of a wide range of pharmaceutical raw materials, also known as active pharmaceutical ingredients, industrial chemicals, excipients and solvents.
| Bidding Dates |
|---|
| 21 Feb 2023 - 24 Feb 2023 |
| Subscription |
|---|
| 1.07x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,08,000 | 1 | 1 | 4000 | 6.2 M | ₹27 | 73.34 % | ₹166.9 M | RHP DOC |
Patron Exim IPO SUBSCRIPTION STATUS
24 Feb '23Patron Exim IPO overall subscription rate was 1.07 times the total available shares
Patron Exim IPO retail subscription rate was 1.17 times in the retail segment
Patron Exim IPO non-institutional investor subscription rate was 0.97 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
24 Feb 2023 (Day 4) | 1.17x | 0.97x | - |
23 Feb 2023 (Day 3) | 0.78x | 0.78x | - |
22 Feb 2023 (Day 2) | 0.55x | 0.03x | - |
21 Feb 2023 (Day 1) | 0.25x | 0.02x | - |
Patron Exim FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) |
| 8MFY23 | 14.5 | 96.0 | -157.4 | -157.4 |
| FY22 | 8.3 | 38.8 | 9.5 | 9.5 |
| FY21 | 0.7 | 205.4 | -8.9 | -9.0 |
| FY20 | 0.2 | 248.9 | 19.7 | 19.7 |
Patron Exim IPO SUBSCRIPTION STATUS DETAILS
Patron Exim had 6.2 M shares on offer
Patron Exim IPO offer price was ₹27
Patron Exim IPO minimum Investment was ₹108000
Patron Exim IPO issue size was ₹ 166.9 M
Patron Exim had a minimum lot size of 4000 Shares per application
Patron Exim NUMBER OF SHARES ON OFFER
Patron Exim IPO IMPORTANT DATES
| Issue Open Date | 21 Feb 2023 |
| Issue close Date | 24 Feb 2023 |
| Allotment Date | 01 Mar 2023 |
| Refund Date | 02 Mar 2023 |
| Demat Account Credit Date | 03 Mar 2023 |
| Listing Date | 06 Mar 2023 |
| Listing on Exchange(s) | BSE |
| Patron Exim Allotment Status | Exchange |
Patron Exim IPO subscription opened on 21 Feb 2023, and closed on 24 Feb 2023
IPO allotment for Patron Exim was finalized on Wednesday, 01 Mar 2023
IPO listing for Patron Exim was on BSE on Monday, 06 Mar 2023
Patron Exim IPO LISTING GAINS
| Issue Price (adjusted) | 27.0 |
| Listing Open Price | 28.4 |
| Listing Close Price | 27.0 |
| Listing Gain% | 5.2% |
| Current Gain% | -92.2% |
Patron Exim Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Patron Exim Ltd. | 2.1 | 4.9 | -4.5 | 0 | 0.2 | -2.8 | -2.2 | 24.3 | -1.6 | -1.1 | -1634.6 | -0.5 | -1634.6 |
| Pidilite Industries Ltd. | 1660 | 168953.2 | 63.8 | 3 | 11 | 22.6 | 15.9 | 14867 | 11.1 | 2448.9 | 17.9 | 26 | 21.4 |
| SRF Ltd. | 2615 | 77515.1 | 35.9 | 0.7 | 4.6 | 13.1 | 7.6 | 15893.6 | 7.2 | 1835.2 | 46.7 | 72.9 | 51.1 |
| Gujarat Fluorochemicals Ltd. | 4518.1 | 49631.3 | 85.9 | 14.7 | 9.9 | 7.3 | 4.9 | 5038 | 3.8 | 578 | 5.8 | 52.6 | 5.9 |
| Himadri Speciality Chemical Ltd. | 752.6 | 37975.8 | 47.5 | 1.6 | 7.6 | 16 | 11.9 | 4832 | 3.6 | 751.3 | 35.2 | 15.8 | 30 |
| Aether Industries Ltd. | 1591.6 | 21122.5 | 89.8 | 2.6 | 17.3 | 8.9 | 6.8 | 1181.1 | 34.2 | 219.5 | 38.5 | 17.7 | 34 |
Patron Exim INFORMATION ON IPO ISSUE
About Patron Exim
Patron Exim was originally formed as a partnership firm on April 01, 1982. The company is engaged in the trading and distribution of a wide range of pharmaceutical raw materials, also known as active pharmaceutical ingredients, industrial chemicals, excipients and solvents.
Object of the Issue
- Working capital requirement
- General corporate purpose
- Meeting public issue expenses
Patron Exim - PROMOTERS
| Name |
|---|
| Narendrakumar Gangaramdas Patel |
| Sushilabahen Narendrakumar Patel |
Patron Exim Lead Manager of the Issue
Interactive Financial Services
mbd@ifinservices.in
Patron Exim Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Patron Exim Strengths
Diversified product portfolio
The company has a diverse product portfolio across various segments to fulfil customer’s requirements
Quality service
The company's quality service for the past two decades has earned it goodwill from customers. This has resulted in customer retention and order repetition
High level of customer satisfaction
Customers are highly satisfied with all services provided by the company—purchase order, quality, delivery and customer complaint redressal mechanism
Patron Exim Risks
Negative cash flows
The company has experienced negative cash flows in the previous years. Any operating losses or negative cashflows in the future could adversely affect the results of operations and financial condition
Outstanding litigations
There are outstanding litigations against the company and the promoters, which if determined against it could adversely impact financial conditions
Dependent on few clients
A significant portion of the company's revenue is generated from a few key clients
IPO FAQs
The promoters of the company are Narendrakumar Gangaramdas Patel and Sushilabahen Narendrakumar Patel.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 27.0 - 27.0.
The IPO application opens on Feb 21, 2023 and closes on Feb 24, 2023.
The minimum lot size for the IPO is 4000. The maximum lot size for the IPO is 4000.
For all category investors, the minimum application amount for this IPO is Rs. 108,000.0, the maximum value for this IPO is Rs 108,000.0.
This IPO will be allotted on Mar 01, 2023.
The refund will be credited to your account on Mar 02, 2023.
The allotted shares will be credited to your demat on Mar 03, 2023.
Patron Exim Ltd.’s shares listed on the stock exchanges on Mar 06, 2023.