Patron Exim IPO: Check subscription date, price band, allotment and listing date

A retail investor can apply for a maximum of 1 lot of 4,000 shares worth Rs 108,000. For the high net-worth individual category, the minimum lot size is two.

A retail investor can apply for a maximum of 1 lot of 4,000 shares worth Rs 108,000. Image Source: Pixabay

Patron Exim IPO date, price band, allotment and listing date: Patron Exim's initial public offering (IPO) will open for subscription on February 21. The SME IPO's subscription window will close on February 24. Patron Exim has fixed price offering of Rs 27 for its IPO.

"The fixed price offering will be priced at 27 per share, with an issue size of Rs 16.69 crores," the company informed the exchanges. The proceeds from the issue will be used for operating capital, general company objectives and public issue costs.

The IPO allotment will be finalised on March 2. Shares of the company will be credited to the Demat account on March 3 while the listing will take place on March 6 on BSE SME.

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A retail investor can apply for a maximum of 1 lot of 4,000 shares worth Rs 108,000. For the high net-worth individual category, the minimum lot size is two.

Bigshare Services is the registrar for the IPO. Established in 1982, Patron Exim operates primarily in the pharmaceutical, chemical industries and adjacent industries. The company manufactures and distributes surgical and non-surgical products, active pharmaceutical ingredients, drug intermediates and other products. Its clients' list includes Johnson & Johnson, Dr Reddy's, Cipla, Sun Pharma, and Torrent Pharma among others.

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Initial Public Offer (IPO)