The Patron Exim date has been confirmed from February 21 and ended on February 24. Read the post to learn about Patron Exim IPO GMP.
The Patron Exim IPO is a fixed price offering worth Rs 16.69 crores. This offering consists solely of 61.8 lakh new shares. The bidding for the Patron Exim IPO commenced on February 21, 2023, and concluded on February 24, 2023. Patron Exim IPO GMP Today is ₹-3. The allotment for this IPO was finalized on Wednesday, March 1, 2023. Subsequently, the shares were listed on the BSE SME on March 6, 2023.
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Key Details Of Patron Exim IPO:
Bidding Dates
February 21 – 24
Price Range
₹27 per share
Face Value
₹10 per share
GMP
₹-3
Patron Exim IPO GMP
The Patron Exim IPO GMP Today is ₹-3.
Patron Exim IPO Overview
The Ahmedabad-based firm trades and distributes pharmaceutical raw materials or active pharmaceutical ingredients (API), industrial chemicals, excipients, solvents, and biochemical product processing and formulation. Patron Exim offers a wide range of products, including approximately 150 AIPs, Excipient, Pharma Chemical & Intermediates. Additionally, the company is involved in the trading of various chemicals, such as Petrochemicals, Dyes & Pigment Chemicals, Paints & Speciality Chemical, Agro Chemicals, Oil & Refinery Chemicals, Foam & Adhesive, Plywood & Laminates Chemical.
The IPO price for Patron Exim is set at ₹27 per share. Retail investors are required to apply for a minimum lot size of 4000 shares, which translates to a minimum investment of ₹108,000. On the other hand, High Net Worth Individuals (HNIs) need to invest in 2 lots, equivalent to 8,000 shares, with a total amount of ₹216,000.
Patron Exim IPO Date & Price Band 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 Size | 6,180,000 shares (aggregating up to ₹16.69 Cr) |
| Fresh Issue | 6,180,000 shares (aggregating up to ₹16.69 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Market Maker portion | 316,000 shares |
Patron Exim IPO Market Lot
The minimum requirement for investors to bid is 4000 shares, and they can bid in multiples of this amount. The table below illustrates the minimum and maximum investment for both retail investors and high net worth individuals (HNI) in terms of shares and monetary value.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 4000 | ₹108,000 |
| Retail (Max) | 1 | 4000 | ₹108,000 |
| HNI (Min) | 2 | 8,000 | ₹216,000 |
Patron Exim Company Financials
| Parameters | FY ending on March 31, 2022 | FY ending on March 31, 2021 | FY ending on March 31, 2020 |
| Total revenue | ₹ 387.95 cr | ₹ 2053.58 cr | ₹ 2488.70 cr |
| Profit After Tax | ₹ 83.11 cr | ₹ 7.31 cr | ₹ 2.20 cr |
| Total borrowing in ₹ lakhs | ₹ 0.00 lakhs | ₹ 236.99 lakhs | ₹ 137.18 lakhs |
| Date | As on 31 March, 2022 | As on 31st March, 2021 | As on 31st March, 2020 |
| Current Assets | ₹ 1464.57 lakhs | ₹ 810.93 cr | ₹ 1634.01 cr |
| Current Liabilities | ₹ 950.11 cr | ₹ 303.51 cr | ₹ 1237.40 cr |
Company Profile
Established in 1992, Patron Exim Limited is a company based in Ahmedabad that specializes in the trading and distribution of a diverse range of pharmaceutical raw materials, including APIs (Active Pharmaceutical Ingredients), industrial chemicals, excipients, and solvents. Patron Exim offers a comprehensive product portfolio consisting of approximately 150 APIs, excipients, pharma chemicals, and intermediates. Additionally, the company is involved in the trading of various chemicals such as petrochemicals, dyes and pigment chemicals, paints and specialty chemicals, agrochemicals, oil and refinery chemicals, foam and adhesive, as well as plywood and laminates chemicals. With a dedicated team, the company currently employs a total of 9 permanent staff members across different departments.
Registrar Info
| Name | LINK INTIME INDIA PRIVATE LIMITED |
| Phone number | +91 22 6263 8200 |
| Email ID | [email protected] |
| Website | https://ipo.bigshareonline.com/ipo_status.html |
Contact Details
| Name | Patron Exim Limited |
| Phone number | +91 99799 78393 |
| Email ID | [email protected] |
| Website | https://patronexim.com/ |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Patron Exim IPO FAQs
What is Patron Exim IPO closing time?
The subscription period for the Patron Exim IPO will conclude at 5 PM on February 24, 2023. However, it is important to note that the majority of brokers cease accepting applications between 1 PM and 3 PM.
When Patron Exim IPO start?
The Patron Exim IPO starts on February 21, 2023. The issue ends on February 24, 2023.
What is Patron Exim IPO size?
The Patron Exim IPO size is 6180000 Equity Shares of ₹10 aggregating up to ₹16.69 Cr.
When will Patron Exim IPO allot?
The Patron Exim IPO allot status will be available online on March 1, 2023.
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