Latest news with #AGVs
Economic Times
5 days ago
- Business
- Economic Times
Patil Automation IPO opens today: Check price band, GMP and other details
The IPO of Patil Automation will open on June 16, 2025. The company aims to raise Rs 69.61 crore through a fresh issue of shares. Synopsis Patil Automation Limited's Rs 69.61 crore IPO is set to open on June 16, 2025, offering 58.01 lakh fresh shares at Rs 114-120 per share. The Pune-based industrial automation firm intends to use the IPO proceeds for a new manufacturing facility, debt repayment, and general corporate purposes. The Rs 69.61 crore initial public offering (IPO) of Patil Automation Limited is set to open for subscription on Monday, June 16, 2025, and will close on Wednesday, June 18, 2025. The offering is a fresh issue of 58.01 lakh shares, with no offer for sale component. ADVERTISEMENT The company has set a price band of Rs 114–120 per share, with a minimum lot size of 1,200 shares, translating to an investment of Rs 1.44 lakh for retail investors. Shares are expected to be listed on the NSE SME platform on Monday, June 23, 2025. Seren Capital is the book-running lead manager and Purva Sharegistry is the registrar to the issue. Mansi Share & Stock Broking is the market maker. Ahead of the issue opening, Patil Automation GMP was Rs 22. The expected percentage gain per share is 18.33% over the issue in 2015, Patil Automation is a Pune-based industrial automation firm offering turnkey solutions in welding and line automation. The company operates five facilities across India, including two in Pune, and caters to a range of sectors, particularly automotive, electronics, and general manufacturing. ADVERTISEMENT Its core offerings include robotic welding systems, assembly lines, conveyor systems, leak testing machines, end-of-line inspection systems, and automated guided vehicles (AGVs). As of FY25, the company had a workforce of 244 full-time employees and 256 contract labourers, and served clients in 10 Indian the financial year ended March 2025, Patil Automation reported revenue of Rs 122.04 crore, a 3% rise year-on-year, and PAT of Rs 11.7 crore, a significant 49% increase over the previous year. The company also posted an impressive return on equity (ROE) of 27.28% and PAT margin of 9.91%. ADVERTISEMENT The company's market cap post-issue is expected to be Rs 261.85 crore, with a post-issue P/E of 22.38x, based on FY25 earnings. ADVERTISEMENT Proceeds from the IPO will be used to fund the setting up of a new manufacturing facility (Rs 62.01 crore), repay debt (Rs 4 crore), and meet general corporate expenses. (You can now subscribe to our ETMarkets WhatsApp channel) Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Cyient shares fall over 9% after Q4 profit declines, core business underperforms Cyient shares fall over 9% after Q4 profit declines, core business underperforms L&T Technology Services shares slide 7% after Q4 profit dips L&T Technology Services shares slide 7% after Q4 profit dips Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? SEBI warns of securities market frauds via YouTube, Facebook, X and more SEBI warns of securities market frauds via YouTube, Facebook, X and more API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders Security, transparency, and innovation: What sets Pi42 apart in crypto trading Security, transparency, and innovation: What sets Pi42 apart in crypto trading Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains The rise of Crypto Futures in India: Leverage, tax efficiency, and market maturity, Avinash Shekhar of Pi42 explains NEXT STORY
Time of India
5 days ago
- Business
- Time of India
Patil Automation IPO opens today: Check price band, GMP and other details
Patil Automation Limited's Rs 69.61 crore IPO is set to open on June 16, 2025, offering 58.01 lakh fresh shares at Rs 114-120 per share. The Pune-based industrial automation firm intends to use the IPO proceeds for a new manufacturing facility, debt repayment, and general corporate purposes. Tired of too many ads? Remove Ads About the Company Tired of too many ads? Remove Ads Popular in Markets 1. Hero FinCorp garners Rs 260 cr from investors in pre-IPO round Financials and Growth Use of Proceeds The Rs 69.61 crore initial public offering (IPO) of Patil Automation Limited is set to open for subscription on Monday, June 16, 2025, and will close on Wednesday, June 18, 2025. The offering is a fresh issue of 58.01 lakh shares, with no offer for sale company has set a price band of Rs 114–120 per share, with a minimum lot size of 1,200 shares, translating to an investment of Rs 1.44 lakh for retail investors. Shares are expected to be listed on the NSE SME platform on Monday, June 23, Capital is the book-running lead manager and Purva Sharegistry is the registrar to the issue. Mansi Share & Stock Broking is the market of the issue opening, Patil Automation GMP was Rs 22. The expected percentage gain per share is 18.33% over the issue in 2015, Patil Automation is a Pune-based industrial automation firm offering turnkey solutions in welding and line automation. The company operates five facilities across India, including two in Pune, and caters to a range of sectors, particularly automotive, electronics, and general core offerings include robotic welding systems, assembly lines, conveyor systems, leak testing machines, end-of-line inspection systems, and automated guided vehicles (AGVs). As of FY25, the company had a workforce of 244 full-time employees and 256 contract labourers, and served clients in 10 Indian the financial year ended March 2025, Patil Automation reported revenue of Rs 122.04 crore, a 3% rise year-on-year, and PAT of Rs 11.7 crore, a significant 49% increase over the previous year. The company also posted an impressive return on equity (ROE) of 27.28% and PAT margin of 9.91%.The company's market cap post-issue is expected to be Rs 261.85 crore, with a post-issue P/E of 22.38x, based on FY25 from the IPO will be used to fund the setting up of a new manufacturing facility (Rs 62.01 crore), repay debt (Rs 4 crore), and meet general corporate expenses.
Yahoo
06-06-2025
- Business
- Yahoo
Kargo Raises $18M to Set New Industry Standards for Inventory Management
Global supply chain leader Armada makes its first strategic investment in Kargo after successful implementation of AI solution across its national network of warehouse hubs SAN FRANCISCO, June 06, 2025--(BUSINESS WIRE)--Kargo, a leader in industrial artificial intelligence (AI) technology, announced an $18.4 million investment led by Matter Venture Partners, with participation from previous investors Sozo Ventures and Founders Fund, as well as existing customers and new strategic investors Lineage and Armada Supply Chain Solutions, LLC. Kargo also announced the successful rollout of its computer vision solution at 240 Armada dock doors to automate inventory management across the food supply chain provider's national network of warehouse hubs. "Comprehensive, proprietary data is the key to unlocking the full potential of AI. Kargo has become the trusted provider of inventory data to leading global supply chains. AI plays a critical role in supply chain integrity and we're helping customers across industries build their AI stack to connect their warehouses, back offices and customers," said Sam Lurye, founder and CEO of Kargo. "This capital investment enables Kargo to develop new products that connect supply chain data and rapidly expand our customer base." Kargo provides Kargo Towers and Kargo Lifts, integrated hardware and software solutions that automate freight data capture and verification. Kargo Towers are installed at warehouse loading docks or gateways, and use AI-powered cameras to gather information on freight labels, cases and product condition. Kargo's LLM structures the image data into coherent inventory information to flag exceptions (i.e. overages, shortages, damage or compliance concerns) in real-time. The Kargo Lift is purpose-built for forklifts and automated guided vehicles (AGVs) and extends Kargo's AI capabilities to a new vantage point. By providing visual proof of the contents and condition of every pallet, Kargo supplies customers with accurate and timely inventory data. This deep technical moat has resulted in: 7x YoY Customer Growth: serving 25 customers, including Armada, Tyson, Lineage, Tillamook, Utz, Wayne Sanderson, Aurobindo, DB Schenker, and NFI. Currently, Kargo manages over 500 active towers and forklifts in the field. $200M of Inventory Processed Daily: handling approximately 20,000 pallets per day and 2M scans per week. 215% NRR: customers are quick to adopt, adapt and act on increased visibility to valuable supply chain data, typically doubling Kargo hardware deployments within the first year. 47 days from signature to go-live: Kargo's platform is built on the principles of rapid time-to-value and no change management. Kargo doesn't rely on customers' infrastructure to install their products, introducing minimal change to existing processes. "Kargo played a critical role in our ability to successfully implement AI in a meaningful way. We were live in under a month, significantly enhancing our inventory management. Our clients – predominantly large, multi-unit restaurant companies – benefited almost immediately from increased accuracy and traceability." said Rick Rover, President of Armada's warehouse division. "Our commitment to reliability, agility, and resilience ensures exceptional service that consistently benefits our clients." "Kargo is redefining how supply chains operate by making freight data visible, reliable, and actionable at scale," said Haomiao Huang, Founding Partner at Matter Venture Partners. "Their rapid customer adoption, real-world impact, and deep technical moat make them a category-defining company in logistics AI. We're proud to back Kargo as they build the modern infrastructure layer for the physical economy. About KargoKargo's mission is to create a universal interpreter for supply chains by using computer vision to connect the physical world of freight to the digital systems used to manage it. Kargo believes that applications of artificial intelligence like this are critical to a more efficient future for logistics. The Kargo system verifies all inbound and outbound freight in real-time, aggregating data, ensuring accuracy, and providing visibility that enables efficient warehouse operations and supply chain management. Kargo was founded in 2019 and is headquartered in San Francisco. To learn more, visit: About Matter Venture PartnersMatter Venture Partners is a venture capital firm dedicated to accelerating HardTech innovation—reshaping industries like semiconductors, robotics, AI infrastructure, and electrification. As experienced founders and investors, Matter combines capital with deep technical and operational expertise to help startups scale. The firm partners with strategic LPs and leverages a global supply chain network to support founders from early product-market fit through industrial-scale growth. Matter raised a $311 million inaugural fund in 2023 and is headquartered in Palo Alto, California. To learn more, visit: About ArmadaArmada Supply Chain Solutions creates innovative, data-driven, fully integrated supply chain solutions that improve business performance for our clients, enabling them to serve their customers best. We deliver supply chain solutions with extraordinary service, powered by technology, driven by analytics, operating at scale. We are revolutionizing the way supply chains are managed by creating resilient and agile networks to manage the challenges of today's market. Armada believes there's a better way – a better way rooted in transparency, advocacy, and ingenuity. To learn more, visit: View source version on Contacts Media Contact Julie Bishopjulie@
Yahoo
30-05-2025
- Business
- Yahoo
Industrial mobility automation: docked for success in ports
The port industry is at a pivotal moment. Vast global trade volumes – a staggering 12.35 billion tonnes handled globally in 2024 – are placing immense pressure on operations. Compounding this, inflationary pressures and labour shortages are intensifying the need for cost-effective solutions that can increase resilience and reduce risk. Automation within ports has long been recognised as key to addressing these challenges. The next leap forward lies in advanced autonomous vehicle technology that moves beyond the constraints of Automated Guided Vehicles (AGVs). This is where Industrial Mobility Automation (IMA) comes in. A broader category that encompasses autonomous vehicles and intelligent systems for optimising industrial and operational workflows, it enables the automation of the billions of processes that involve driving, with an estimated market of $2trn. For ports, autonomous vehicles hold the key to supercharging efficiency, enhancing safety, and driving resilience within global commerce. By deploying autonomous solutions tailored for port operations, we can redefine operational paradigms and unlock unprecedented potential for the maritime sector. Ports represent ideal environments for the successful deployment of autonomous vehicles. For many years, AGVs have played a vital role in streamlining container movement within port terminals. However, their operational scope and flexibility are inherently limited by their requirement for fixed infrastructure within fenced areas, away from human operations. Advanced autonomous vehicle technology offers an advantage, enabling terminal tractors to navigate complex, dynamic port environments, including operating safely in mixed traffic scenarios on shared roadways. This capability redefines what's possible in port automation now and well into the future. The benefits of autonomous vehicles help port operators answer some of the most pressing challenges they are facing today. The enhanced operational flexibility offered by autonomous vehicles represents a significant evolution in port logistics. Unlike AGVs, autonomous vehicles adapt dynamically to evolving demands across the entire port, not just within the confines of fenced AGV zones. This adaptability allows for a more fluid and responsive operation, enabling resources to be deployed precisely where and when they are needed, ultimately boosting efficiency. Being able to operate in mixed traffic areas eliminates the bottlenecks often associated with transferring cargo between fenced AGV zones and other port areas. Delays are also reduced through intelligent navigation and real-time decision-making that minimise congestion and streamline the movement of goods across the port. This leads to faster turnaround times and reduces the likelihood of penalties. Another area where autonomous vehicles can lead to improvements is in safety. Advanced sensor suites and sophisticated AI algorithms enable them to perceive and intelligently react to pedestrians, other vehicles (manned and unmanned), and obstacles. Lastly, while AGVs often require significant infrastructure investment, autonomous vehicles can operate within existing port layouts, minimising disruption and maximising return on investment. The use of autonomous vehicles in ports is already a reality. The Port of Rotterdam, handling a staggering 14 million TEU and 436 million tonnes of cargo annually, has long integrated automation into its landside container movement operations. It is now embracing autonomous vehicle technology, with autonomous terminal tractors driven by Oxa's self-driving software already running in the port. The compatibility of autonomous vehicle technology and port operations is clear. While overhauling existing operations represents a significant capital undertaking for port operators, the benefits of autonomous solutions are compelling from day one. Beyond immediate operational relief, autonomy offers long-term and wide-reaching advantages with the potential to reshape global trade. Industrial Mobility Automation using autonomous vehicles is not a futuristic concept, but a present-day necessity for ports navigating the complexities of global trade. It is the pathway to building a more efficient, safe, and sustainable future for maritime logistics. "Industrial mobility automation: docked for success in ports " was originally created and published by Ship Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Techday NZ
07-05-2025
- Business
- Techday NZ
SAS & Epic Games bring digital twins to modern factories
SAS has introduced enhanced digital twins for manufacturing, integrating its artificial intelligence and analytics with Unreal Engine from Epic Games. Georgia-Pacific, a manufacturer of paper and wood-based building products, is currently piloting these digital twins at its Savannah River Mill. The facility produces items such as napkins, paper towels and toilet tissue. Georgia-Pacific is using SAS technology to optimise its deployment of automated guided vehicles and other manufacturing processes. Roshan Shah, Vice President of AI & Products at Georgia-Pacific, stated, "With the help of SAS and Unreal Engine, we can create realistic simulations of factory operations. Imagine watching AGVs navigate through a bustling factory floor, reacting to proximity alerts, obstacles and rare adverse events in real time. The powerful analysis and photorealistic simulations delivered by SAS' enhanced digital twins can enable decision making and boost output at Savannah River Mill. And they hold great promise for improving productivity, safety and efficiency at other GP facilities." RealityScan, a mobile application developed by Epic Games, was used by SAS to produce photorealistic renderings of the Savannah plant. These renderings are then imported into Unreal Engine. This allows Georgia-Pacific to refine its operations in a simulated environment, thereby avoiding disruption to its live production lines. Expectations for the pilot include cost savings and improvements in product quality. Bill Clifford, Vice President and General Manager of Unreal Engine at Epic Games, commented, "With SAS' advanced analytics and Unreal Engine, GP created an amazing example for how a digital twin can create real-world value for businesses. SAS is opening the door for manufacturers to bring complex data and automated systems to life through 3D visuals. This will make high-fidelity, interactive digital twins more accessible so manufacturers can upgrade their operations, gain better real-time insights and save money." The SAS software suite, which includes SAS Viya, is designed to analyse large volumes of data from manufacturing operations and sensors. The system enables users to run realistic simulations and find optimal solutions by integrating Unreal Engine simulations with Viya's optimisation algorithms. This approach allows manufacturers to test and refine strategies virtually before applying them to real-world processes, reducing time and financial expenditure. Unreal Engine provides developers and creators with tools to build interactive three-dimensional experiences. Epic Games also uses the technology in its consumer products, such as Fortnite, and offers the same rendering capabilities for use in industries including healthcare, automotive, simulation, architecture, and film and television. The real-time physics simulations, advanced lighting, and surface rendering features of Unreal Engine create highly detailed and realistic digital representations. These detailed simulations, when used alongside SAS's AI tools, can support more accurate forecasting and business planning for manufacturers. Addressing broader industry trends, Bryan Harris, Chief Technology Officer at SAS, said, "As manufacturers hire the next generation of workers, they need to make the use of data and AI more engaging and appealing. Gaming technology – for a generation that grew up playing video games – is one important way to transform business decision making from charts and spreadsheets to immersive experiences with amazing visual fidelity. Gamifying business processes and tasks can make them less repetitive and more engaging, boosting productivity and bottom-line results." The companies stated that the integration of SAS analytics and Unreal Engine is intended to make advanced analytics more widely accessible within manufacturing, extending beyond data specialists to frontline workers, engineers, and machine operators. SAS plans to expand the digital twin capabilities to additional manufacturing clients and also explore opportunities in other sectors. In healthcare, the technology could simulate and optimise patient flows, predict maintenance for medical equipment, and enrich staff training, with the potential to improve outcomes and resource efficiency. Urban planning is another potential application, where digital twins could aid in developing more sustainable and efficient smart cities.
