Latest news with #PatilAutomation
&w=3840&q=100)
Business Standard
3 days ago
- Business
- Business Standard
Patil Automation IPO Day 3 update: Subscription rises 25x, GMP hits 20%
Patil Automation IPO Day 3 subscription status: The three-day bidding period for Patil Automation's initial public offering (IPO) is scheduled to conclude today, Wednesday, June 18, 2025. The SME IPO has garnered strong investor interest so far, with subscription levels exceeding 24.9 times. According to the National Stock Exchange (NSE) data as of 2 PM on Wednesday, Patil Automation has received bids for 10,36,15,200 shares against 41,49,600 shares on offer. Patil Automation IPO grey market premium (GMP) The unlisted shares of Patil Automation were trading at ₹144 in the grey market, commanding a premium of ₹24 or 20 per cent compared to the upper price band of ₹120 per share, according to sources tracking unofficial markets. Patil Automation IPO details Patil Automation IPO opened for public subscription on Monday, June 16. Once the subscription concludes, the basis of allotment of shares is expected to be finalised on Thursday, June 19. Patil Automation shares are scheduled to be listed on the NSE SME platform on Monday, June 23. The company aims to raise ₹66.10 crore through a fresh issue of 5.5 million equity shares. Patil Automation has set the price band in the range of ₹114 to ₹120, with a lot size of 1,200 shares. A retail investor would require a minimum investment amount of ₹1,44,000 to bid for one lot at the upper price band. The minimum investment required for high net-worth individuals is ₹2,88,000 for a minimum of two lots. Purva Sharegistry is the registrar of the issue. Seren Capital is the sole book-running lead manager. According to the red herring prospectus (RHP), the company intends to use the net issue proceeds for funding capital expenditure towards the setup of a new manufacturing facility, repayment of certain borrowings availed by the company and general corporate purposes. About Patil Automation Incorporated in 2015, Patil Automation is an automation solutions provider serving industrial clients, primarily in the automotive sector. The company is engaged in designing, manufacturing, testing and installation of customised automation systems such as welding lines (spot welding, MIG and TIG), assembly lines, material handling machinery and special-purpose machinery. Its client base includes Automotive Original Equipment Manufacturers (OEMs), Tier I suppliers to Automotive OEMs and manufacturers of automotive components and sub-components. The company's manufacturing facility is located in Pune, Maharashtra.
&w=3840&q=100)
Business Standard
4 days ago
- Business
- Business Standard
Patil Automation IPO Day 2 update: Fully subscribed, GMP hits 20%
Patil Automation IPO Day 2 subscription status: The initial public offering (IPO) welding and line automation solutions company Patil Automation has entered the second day of public subscription and has received a decent response from investors so far. The issue has been fully subscribed with bids for 62,72,400 shares against 58,00,800 shares on offer, reflecting a subscription rate of 1.51, according to NSE data as of 2:20 PM. Patil Automation IPO grey market premium (GMP) The current GMP of Patil Automation shares indicate a positive listing for the IPO. According to sources tracking unofficial markets, the unlisted shares of Patil Automation were trading at ₹144, a premium of ₹24 or 20 per cent against the upper price band of ₹120. Patil Automation IPO details The SME issue will close for public subscription on Wednesday, June 18. The basis of allotment of shares is likely to be finalised on Thursday, June 19. Patil Automation IPO will be listed on the NSE SME platform tentatively on Monday, June 23. The company has set the price band in the range of ₹114 to ₹120, with a lot size of 1,200. A retail investor would need a minimum investment amount of ₹1,44,000 to bid for one lot at the upper price band. However, a high net-worth individual can bid for a minimum of two lots for ₹2,88,000. ALSO READ | Purva Sharegistry is the registrar of the issue. Seren Capital is the sole book-running lead manager. According to the red herring prospectus (RHP), the company intends to use the net issue proceeds for setting up a new manufacturing facility, partly repayment of certain borrowings availed by the company, as well as general corporate purposes. About Patil Automation Incorporated in 2015, Patil Automation provides automation solutions to various industrial clients, primarily in the automation sector. It is engaged in designing, manufacturing, testing and installation of customised automation systems such as welding lines (spot welding, MIG and TIG), assembly lines, material handling machinery and special-purpose machineries, tailored to meet the specific requirements of our clients' production facilities. The company's client base includes Automotive Original Equipment Manufacturers (OEMs), Tier I suppliers to Automotive OEMs and manufacturers of automotive components and sub-components, who seek to establish, expand, upgrade, modify or repair their production setup. It operates a manufacturing facility in the Pune district of Maharashtra.
Economic Times
6 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
6 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.
Mint
6 days ago
- Business
- Mint
Upcoming IPOs: Arisinfra Solutions, five SME IPOs, and five listings to hit Dalal Street next week — Check details here
Upcoming IPOs: The Indian stock market's primary issue portion is set to witness significant activity in the upcoming week starting Monday, 16 June 2025, with a series of initial public offerings (IPOs) opening for public subscription. In addition to other listings, the stock market will witness the opening of one mainboard IPO and five small and medium enterprise (SME) IPOs. Chittorgarh data highlights that companies like Samay Project Services, Patil Automation, Eppeltone Engineers, Influx Healthtech, and Mayasheel Ventures are poised to open for public bidding in the SME segment, while Arisinfra Solutions will be the only IPO in the mainboard segment. Arisinfra Solutions Ltd, a construction materials provider to the realty, infrastructure developers and contractors, aims to raise funds from the stock market through a complete fresh issue of equity shares for public bidding. The company supplies materials such as Steel GI pipes, MS wire, MS TMT Bars, soil, sand, OPC, and wall putty, according to the official website. The IPO is a fresh issue of 2,25,04,324 or over 2.25 crore equity shares as the firm aims to raise nearly ₹ 499.60 crore from the book-built issue. However, there is no offer-for-sale (OFS) component for this initial public offering. Arisinfra Solutions seeks to use the proceeds from the IPO to repay or prepay loans, support the company's working capital requirements, and invest in a subsidiary. They also disclosed plans for a potential unidentified acquisition, while the remaining funds will be used for general corporate needs. The company has fixed the price band for the public issue in the range of ₹ 210 to ₹ 222 per equity share with a lot size of 67 shares per lot. The IPO will open on Wednesday, 8 June 2025, and is scheduled to close on Friday, 20 June 2025. JM Financial Limited, IIFL Capital Services Limited, and Nuvama Wealth Management Limited are the book-running lead managers for the Arisinfra Solutions IPO, while MUFG Intime India Private Limited (Link Intime) is the registrar for the issue. 1. Samay Project Services IPO: The Engineering, Procurement, and Construction (EPC) services firm Samay Project Services is offering an entirely fresh issue of 43.20 lakh equity shares as the company aims to raise nearly ₹ 14.69 crore from the stock market. The firm has fixed the price band for the public issue in the range of ₹ 32 to ₹ 34 per share with a lot size of 4,000 shares per lot. Retail investors need a minimum investment amount of ₹ 1.28 lakh. Smart Horizon Capital Advisors Pvt. Ltd is the book runner for the issue, while Bigshare Services Pvt. Ltd is the registrar of the offer. The public issue will be listed on the NSE SME index. The public issue will open on Monday, 16 June 2025, and close on Wednesday, 18 June 2025. 2. Patil Automation IPO: Patil Automation is a welding and line automation solutions provider that is offering a fresh issue of ₹ 58.01 lakh equity shares to raise nearly ₹ 69.61 crore from the public markets. The company has fixed the price band for the public issue in the range of ₹ 114 to ₹ 120 per share, with a lot size of 1,200 shares per lot. Retail investors need a minimum investment amount of ₹ 1.368 lakh. The public issue will open on Monday, 16 June 2025, and close on Wednesday, 18 June 2025. Seren Capital Pvt. Ltd is the book-running lead manager for the IPO, while Purva Sharegistry India Pvt Ltd is the registrar for the offer. Mansi Share & Stock Broking Pvt. Ltd is the market maker for the SME IPO. The issue will be listed on the NSE SME index after the bidding rounds. 3. Eppeltone Engineers IPO: Eppeltone Engineers is offering a fresh issue of 34.34 lakh shares with the aim to raise nearly ₹ 43.96 crore from the Indian stock market. The company has fixed the price band for the issue in the range of ₹ 125 to ₹ 128 per share, with a minimum lot size of 1,000 shares per lot. The IPO will be listed in the NSE SME index. Retail investors will require a minimum investment of ₹ 1.25 lakh for the IPO bid of one lot. Expert Global Consultants Private Limited is the book-runner, while Skyline Financial Services Private Ltd is the registrar to the offer. Prabhat Financial Services Ltd is the market maker for the IPO. The public issue will open on Tuesday, 17 June 2025, and close on Thursday, 19 June 2025. 4. Influx Healthtech IPO: Influx Healthtech is offering a fresh issue of 50 lakh shares, amounting to ₹ 48 crore and an offer-for-sale (OFS) component of 11 lakh shares, amounting to ₹ 10.56 crore. The company aims to raise nearly ₹ 58.57 crore from the Indian stock market. The price band for the IPO has been fixed in the range of ₹ 91 to ₹ 96 per share, with a lot size of 1,200 shares per lot. Retail investors will be able to invest a minimum of ₹ 1.092 lakh for the subscription of a single lot. Rarever Financial Advisors Pvt. Ltd is the book-runner for the public issue, while Maashitla Securities Private Limited is the registrar to the offer. R.K. Stock Holding Pvt. Ltd is the market maker for the SME IPO. The public issue will open on Wednesday, 18 June 2025, and is scheduled to close on Friday, 20 June 2025. 5. Mayasheel Ventures IPO: Mayasheel Ventures is offering a fresh issue of 55.14 lakh shares as the firm aims to raise nearly ₹ 27.28 crore from the Indian stock market. The company fixed the price band in the range of ₹ 44 to ₹ 47 per share with a lot size of 3,000 shares per lot. Retail investors can subscribe to the IPO with a minimum investment of ₹ 1.32 lakh. Narnolia Financial Services Ltd is the book-running lead manager for the IPO, while Maashitla Securities Private Limited is the registrar for the offer. Prabhat Financial Services is the market maker for the public issue. The IPO will open for public bidding on Friday, 20 June 2025, and will close on Tuesday, 24 June 2025. 1. Sacheerome IPO: Sacheerome IPO is expected to be listed on Monday, 16 June 2025, in the NSE SME index. 2. Jainik Power and Cables IPO: Jainik Power and Cables IPO is expected to be listed on the NSE SME index on Tuesday, 17 June 2025. 3. Monolithisch India IPO: Monolithisch India IPO will close for final bidding on Monday, 16 June 2025. The estimated listing date is Thursday, 19 June 2025 on the NSE SME index. 4. Aten Papers & Foam IPO: Aten Papers & Foam IPO will close on Tuesday, 17 June 2025, and the estimated date of listing for the IPO on the BSE SME index is Friday, 20 June 2025. 5. Oswal Pumps IPO: The Oswal Pumps IPO will close for public subscription on Tuesday, 17 June 2025, and the estimated date of listing on both the BSE and NSE indices is Friday, 20 June 2025. Read all stories by Anubhav Mukherjee Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
