The Ahmedabad Based Patron Exim Limited is opening the IPO for the public. The Patron Exim IPO Schedule has been released and the public subscriptions or registrations have been started on 21 February 2023. The three-day initial share sale is scheduled to conclude on 24 February.
Investors are keen to have some exploration before diving into the subscription. Checking some basic history, and some customer reviews help one to understand how an IPO can perform after listing to the market. Thus, one often tends to do some basic research on the internet for the same.
- 6,180,000 equity shares to be distributed.
- Base Price Rs 27.
- issue size of ₹16.69 crores.
- will be used for operating capital, general company objectives, and public issue costs.
Ahmedabad-based Patron Exim is a member of a large group of businesses that includes Cedac Medicorp, Evoque Remedies, Earum Pharmaceuticals, Auxilia Pharmaceuticals, Madrid Diamonds, Atlantis Exim, N G Overseas, and others. Patron Exim operates in the pharmaceutical, chemical industries and adjacent industries primarily.
Patron Exim Limited IPO Schedule
The schedule is provided below in the table as well. The Patron Exim IPO bid date is from 21 February 10.00 A.M. to 24 Feb 2023, 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
|Opening Date||Feb 21, 2023|
|Closing Date||Feb 24, 2023|
|Basis of Allotment||Mar 1, 2023|
|Initiation of Refunds||Mar 2, 2023|
|The credit of Shares to the Demat Account||Mar 3, 2023|
|Listing Date||Mar 6, 2023|
Patron Exim Limited IPO Lot Size
The Lot size for Patron Exim is 4000 shares per lot. A retail-individual investor can apply for a maximum of 1 lot (4000 shares or ₹108,000).
For promoters, Pre Issue Share Holding is 97.6% while Post Issue Share Holding will be 71.18%.
An IPO subscription is a process of applying for shares in a company’s initial public offering. Investors can subscribe to the IPO at a predetermined price range, and allocations are made based on demand. It is an opportunity for investors to invest in a newly listed company.
The following subscription will be updated in the evening.
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