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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.
