IPO Issue Details
Issue Price / Price Band₹27 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size4,000 Shares per Lot
Total Issue Size61,80,000 shares (aggregating up to ₹16.69 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenWed, 21 Feb 2024
Subscription CloseFri, 24 Feb 2023
Anchor AllotmentTue, 20 Feb 2024
Basis of AllotmentWed, 01 Mar 2023
Initiation of RefundsThu, 02 Mar 2023
Credit of Shares to DematFri, 03 Mar 2023
Listing DateMon, 06 Mar 2023
UPI Mandate Deadline2023-02-24
Application & Investment Details
Retail — Min (1 Lots)₹1,08,000 — 4,000 shares
Retail — Max (13 Lots)₹1,404,000 (13 Lots)
HNI — Min (2 Lots)₹2,16,000 — 8,000 shares
P/E Ratio (Pre-IPO)28.72x
Net Offer to Public58,64,000 shares (aggregating up to ₹15.83 Cr)
Reserved for Market Maker3,16,000 shares (aggregating up to ₹0.8532 Cr)
Pre-IPO Promoter Holding1,70,00,000 shares
Post-IPO Promoter Holding2,31,80,000 shares
About Patron Exim Ltd.
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.
Objects of the Issue
Patron Exim Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
Long term Working capital requirement
11.47
2
General corporate purposes
3.80
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,70,00,000 shares
Post-IPO Promoter Holding
2,31,80,000 shares