Patron Exim Limited Share price

Patron Exim Limited was originally formed and registered as a Partnership Firm under the Partnership Act, 1932 in the name and style of 'M/s Arvind Traders', pursuant to a Deed of Partnership dated April 01, 1982. 'M/s. Arvind Traders' was thereafter converted from a Partnership Firm to a Private Limited Company in the name of 'Patron Exim Private Limited' dated August 24, 2022. The Company converted in to a Public Company pursuant to a Special Resolution on October 10, 2022 and consequently, name was changed to 'Patron Exim Limited' and a fresh Certificate of Incorporation was issued by the Registrar of Companies, Ahmedabad, dated December 2, 2022. Although the Original Partnership Firm was formed on April 23, 1982, Mr. Narendrakumar Gangaramdas Patel, Promoter & Managing Director & Mrs. Sushilaben Narendrakumar Patel, Promoter & Director of the Company were entered into the Partnership Firm on April 01, 1994. In 1994, the Partnership Firm basically involved in the business of trading of timber, cement sheets and other ancillary business. Subsequently, the Constitution of Partnership Firm changed on May 16, 2015, and the Firm entered in the business of trading activities of surgical & non-surgical articles, APIs, drugs intermediates, Medical Pharmaceutical Chemicals, preparation & formulation of bio-chemic products, etc. The Promoter, Mr. Narendrakumar Gangaramdas Patel, with his keen knowledge and marketing skills expanded business in the trading of not only APIs and other range of pharmaceutical raw material but also in various industrial use of chemicals in year, 2019. Currently, the Company is engaged in the trading and distribution of wide range of pharmaceutical raw material which is also known as APIs, industrial chemical, excipient and solvents. Presently, their product portfolio comprises of around 150 AIPs, Excipient, Pharma Chemical & Intermediates. APIs is known as bulk drugs or bulk actives are the principle ingredients used in making finished dosages in the form of capsules, tablets, liquid or other forms of dosage, with the addition of other APIs or inactive ingredients. Apart from this, Company is also trading in a variety of chemicals, such as, Petrochemicals, Dyes & Pigment Chemicals, Paints & Speciality Chemical, Agro Chemicals, Oil & Refinery Chemicals, Foam & Adhesive, Plywood & Laminates Chemical. The range of Chemicals also includes food industry & water treatment chemicals, resins & plastics chemicals, polymers and additives etc. Their business has been expanded in Ahmedabad and the surrounding area of Gujarat. The Company got certification of ISO 9001:2015 in Quality Management System, ISO 22000:2018 in The Food Safety Management System, ISO 45001:2018 in Occupational Health & Safety Management System, we are also certified by 'INTERNATIONAL QUALITY CERTIFICATION SERVICES UK LTD' as a 'HACCP' in 'Hazard Analysis & Critical Control Point System', as a 'HALAL' in Compliance with the requirements of Islamic Law and 'WHO-GMP' to adopt a Good Manufacturing Practice. The Company made an Initial Public Offer by raising funds of Rs 16.69 Cr, and by issuing 61,80,000 equity shares of Rs 10 each through fresh issue in February 2023.