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.
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|---|
| 31-Mar-20 | 1,634.01 | 2,516.44 | 2.20 | 259.43 | 137.18 |
| 31-Mar-21 | 810.93 | 2,053.72 | 7.31 | 270.43 | 236.99 |
| 31-Mar-22 | 1,464.57 | 501.61 | 83.11 | 514.46 | 0.00 |
| 30-Nov-22 | 2,447.61 | 1,054.12 | 145.41 | 1,625.87 | 617.64 |
| Amount in ₹ Lakhs |
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 | [.] |
| Face Value | ₹10 per share |
| Price | ₹27 per share |
| Lot Size | 4000 Shares |
| Issue Size | 6,180,000 shares of ₹10 (aggregating up to ₹16.69 Cr) |
| Fresh Issue | 6,180,000 shares of ₹10 (aggregating up to ₹16.69 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| NII (HNI) Shares Offered | 50% of the Net Issue |
| Retail Shares Offered | 50% of the Net Issue |
| Market Maker | SUNFLOWER BROKING PVT. LTD. |
| Company Promoters | Mr. Narendrakumar Gangaramdas Patel and Mrs. Sushilabahen Narendrakumar Patel are the promoters of the company. |
Patron Exim IPO Tentative Timetable
Patron Exim IPO opens on Feb 21, 2023, and closes on Feb 24, 2023. The Patron Exim IPO bid date is from Feb 21, 2023 10.00 A.M. to Feb 24, 2023 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| 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 |
Patron Exim IPO Lot Size
The Patron Exim IPO lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹108,000).
| 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 IPO Promoter Holding
| Pre Issue Share Holding | 97.06% |
| Post Issue Share Holding | 71.18% |
Patron Exim IPO Review
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 Prospectus
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: http://www.bigshareonline.com