IPO Details

Bidding Dates

21 Feb '23 - 24 Feb '23

Minimum Investment

₹108,000/1 Lots ( 4000 Shares )

Price Range

₹27

Maximum Investment

₹108,000/1 Lots ( 4000 Shares )

Retail Discount

To be announced

Issue Size

₹16.69 Cr

Investor category and sub category

Qualified Institutional Buyers  |   Non-Institutional Investors  |   Retail Individual Investors  |  

IPO Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Feb 21, 2023

IPO Closing Date

Feb 24, 2023

IPO Allotment Date

Mar 1, 2023

Initiation of Refunds

Mar 2, 2023

Credit of Shares to Demat Account

Feb 3, 2023

Listing Date

Feb 6, 2023

IPO Subscription Details

DateNIIRetailTotal

Day 1Feb 21, 2023

 0.02 0.25 0.14

Day 2Feb 22, 2023

 0.03 0.55 0.29

Day 3Feb 23, 2023

 0.78 0.78 0.78

Day 4Feb 24, 2023

 0.97 1.17 1.07

IPO Subscription Status Live

Investor Category Subscription (Times)
Qualified Institutional Buyers [.]
Non-Institutional Buyers 0.97
Retail Investors 1.17
Total 1.07

About Company

The Ahmedabad-based company engages in the trading and distribution of various pharmaceutical raw materials or active pharmaceutical ingredients (API), industrial chemicals, excipients, solvents, and preparation and formulation of biochemical products.

The company has a product portfolio of over 150 APIs, industry chemicals, excipients, and others. Besides, Patron Exim also trades in petrochemicals, dyes and pigment chemicals, agrochemicals, oil and refinery chemicals, and others.

Patron Exim Limited IPO Objective

The company proposes to utilise the funds from the fresh issue IPO on the following heads.

  • Meeting working capital requirements 
  • Funding public issue expenses 
  • General corporate purposes 

Why should you invest in the Patron Exim Limited IPO?

Here are your top reasons to invest in the IPO. 

  • The company offers a diverse product portfolio, including active pharmaceutical ingredients (API), industrial chemicals, agrochemicals, excipients, solvents, and others.
  • They have earned significant goodwill in the industry with a focus on higher client satisfaction. 

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

Know before investing

Strengths

3

  1. The current promoter possesses more than two decades of industry experience.

  2. They fall under the category of essential business and continued operation during the Covid-19 lockdown.

  3. In the two decades of business, Patron Exim has earned significant goodwill and recognition as a trusted business partner.

Risks

3

  1. The company only trades and distributes API ingredients and has no manufacturing activities.

  2. There are pending litigations pending against the company.

  3. They have no registered office or manufacturing facilities.

  • How to Apply in IPO
  • How to Check IPO Allotment Status
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Login to Angel One App / Website & click on IPO

Select desired IPO & tap on "Apply"

Enter UPI ID, set quantity/price & submit

Accept mandate on the UPI app to complete the process

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Patron Exim IPO FAQs

What is the Patron Exim Limited IPO?

Patron Exim Limited SME IPO opens on February 21, 2023. The total IPO size is ₹16.69 crore or 6,180,000 fresh shares.

When will Patron Exim Limited IPO allotment be available?

The IPO shares of Patron Exim Limited will be allotted on March 1, 2023.

What will be the Patron Exim Limited IPO lot size?

One lot of Patron Exim Limited’ IPO has 4000 shares.

When will Patron Exim Limited IPO open for subscription?

The IPO opens for subscription on February 21, 2023.

What minimum lot size can retail investors subscribe to?

Retail investors can apply for a minimum of one lot.

When will Patron Exim Limited list on exchanges?

The shares will list on the BSE exchange on March 06, 2023.

How to check the allotment status of Patron Exim Limited IPO?

Angel One customers can log in to their accounts to check Patron Exim Limited IPO allotment status.

When checking the allotment status, keep your application, DP ID, and PAN number ready.

What would be the listing gains on the Patron Exim Limited IPO?

Listing gain is the difference between the IPO’s opening and offer prices.

The listing gain results from changing investors’ interests, global parameters, and short vs long-term outlooks. 

I have finished the application process for Patron Exim Limited IPO, but the funds are not yet debited. What is the reason?

The bank initially blocks the amount you bid for an IPO. It will debit the amount when the shares get allotted or unblock it after the UPI mandate expiry date. 

How to approve the UPI mandate request for Patron Exim Limited IPO?

Login to your UPI handle and approve the payment mandate to complete the IPO application process.

Can I submit more than one application for the public issue of Patron Exim Limited using one PAN?

You can submit only one application using one PAN card.

What is the minimum order quantity for Patron Exim Limited IPO?

The minimum size of the application will be one lot of 4000 shares.