Patil Automation Limited IPO...
17 Jun, 2025
Patil Automation Limited IPO
Patil Automation Limited is launching its ₹69.61 crore Initial Public Offering (IPO) from June 16 to June 18, 2025. The IPO consists entirely of a fresh issue of 5.8 million equity shares, with no Offer for Sale (OFS) component. The price band for the IPO has been set at ₹114–₹120 per share with a minimum lot size of 1200 shares requiring an investment of ₹1,44,000 at least at the upper price band for retail investors. Shares will be listed on the NSE SME platforms on June 23, 2025 tentatively.
Company Background
Founded in 2015 and headquartered in Chakan, Maharashtra, Patil Automation Limited (PAL) specializes in providing contemporary, world-class welding and line automation solutions. The company has grown from a single workshop to five state-of-the-art facilities, serving over 52 customers in FY25, primarily in the automotive sector.
Operations & Product Range
Facility & Production:
Patil Automation runs two factories in MIDC Chakan, Pune, covering about 109,000 sq. ft. when you add the space together. These facilities are equipped with advanced CNC bending, laser cutting, plasma cutting, milling and surface grinding machines, as well as coordinate measuring machines (CMM).
Brands & Market Presence:
PAL is recognized for its expertise in:
- Assembly line automation (conveyors, gantry systems)
- Robotic welding lines (BIW, MIG and heavy part welding)
- Welding SPMs (MIG, TIG, Spot)
- Special Purpose Machines (SPMs)
- Manual welding fixtures and checking gauges
- IoT & Industry 4.0 solutions
Its client base includes automotive OEMs, Tier I suppliers and electric vehicle manufacturers across 10 Indian states and select international markets.
Revenue Channels
Patil Automation generates revenue through:
- Designing, manufacturing, testing and installing customized automation systems
- Providing end-to-end support services including installation, modification, repair and manpower support
- Serving automotive OEMs, Tier I suppliers and component manufacturers, with 88% of revenue derived from the automotive sector.
Management & Shareholding
Promoters & Shareholding:
The company is led by Managing Director Mr. Manoj Pandurang Patil who brings over 25 years of experience in automation and manufacturing along with other promoters.
Board Members:
The board includes seasoned professionals with deep industry expertise, supporting strategic growth and operational excellence.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Patil Automation Limited IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Patil Automation Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | June 16, 2025 to June 18, 2025 |
| Listing Date | - |
| Face Value | ₹10 per share |
| Issue Price Band | ₹114 to ₹120 per share |
| Lot Size | 1,200 Shares |
| Total Issue Size | 58,00,800 shares (aggregating up to ₹69.61 Cr) |
| Fresh Issue | 58,00,800 shares (aggregating up to ₹69.61 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,60,20,000 shares |
| Share Holding Post Issue | 2,18,20,800 shares |
| Market Maker Portion | 2,92,800 shares |
Patil Automation Limited IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Mon, Jun 16, 2025 |
| IPO Close Date | Wed, Jun 18, 2025 |
| Tentative Allotment | Thu, Jun 19, 2025 |
| Initiation of Refunds | Fri, Jun 20, 2025 |
| Credit of Shares to Demat | Fri, Jun 20, 2025 |
| Tentative Listing Date | Mon, Jun 23, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 18, 2025 |
Patil Automation Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹1,44,000 |
| Retail (Max) | 1 | 1200 | ₹1,44,000 |
| HNI (Min) | 2 | 2,400 | ₹2,88,000 |
Patil Automation Limited IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 94.38% | - |
Competitive Strength:
- ● Strong In-House Design & Engineering
- ● Comprehensive Manufacturing Capabilities
- ● Quality Certifications
- ● Award-Winning Supplier
- ● Financial Growth
Patil Automation Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2025 | 115.35 | 122.04 | 11.7 | 53.69 | 22.93 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 91.77 | 118.72 | 8 | 32 | 23 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 94.04 | 82.35 | 4.2 | 24.27 | 32.65 | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 27.28% |
| ROCE | 21.62% |
| Debt/Equity | 0.43 |
| RoNW | 21.80% |
| PAT Margin | 9.91 |
| Price to Book Value | 3.43 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 7.3 | 5.36 |
| P/E (x) | 16.43 | 22.38 |
IPO Objectives
The IPO proceeds will be used for:
- Capital expenditure: Setting up a new manufacturing facility (₹62 crore; 89.1% of proceeds)
- Debt repayment: Repayment of certain borrowings (₹4 crore; 5.7%)
- General corporate purposes: (₹3.6 crore; 5.2%)
Conclusion
Patil Automation Limited is a fast-growing automation solutions provider with a strong presence in the automotive sector. Its IPO aims to fuel expansion, strengthen its manufacturing base and improve financial stability. The company’s robust growth, advanced technical capabilities and industry recognition position it well for future opportunities, though its heavy reliance on the automotive sector and a concentrated client base are notable risks.
RHP:
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Frequently asked Questions (FAQs )
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1. What are the Patil Automation IPO dates?
The IPO opens on June 16, 2025 and closes on June 18, 2025. Listing is expected on June 23, 2025.
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2. What is the price band and lot size for the IPO?
The price band is ₹114–₹120 per share. The minimum lot size is 1,200 shares, requiring a minimum investment of ₹1,44,000 for retail investors at the upper band.
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3. How much is being raised in the IPO?
The company plans to raise ₹69.61 crore through a fresh issue of shares.
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4. Is there any Offer for Sale (OFS) component?
No, the entire IPO is a fresh issue. There is no OFS.
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5. What will the IPO proceeds be used for?
Funds will be used for setting up a new manufacturing facility, repaying debt and general corporate purposes.
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6. Who are the key customers of Patil Automation?
The company primarily serves automotive OEMs, Tier I suppliers and electric vehicle manufacturers.
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7. What are the main risks associated with Patil Automation?
Key risks include dependence on the automotive sector (88% of revenue), customer concentration (70% revenue from a few clients) and supply chain vulnerabilities.
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8. How has the company performed financially?
Patil Automation has shown consistent growth, with revenue rising from ₹77.81 crore in FY23 to ₹118.05 crore in FY25 and PAT increasing from ₹4.20 crore to ₹11.70 crore in the same period.
