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Upcoming IPO: Patil Automation IPO to open on June 16; check price band, lot size & more
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3 min read | Updated on June 12, 2025, 15:55 IST
SUMMARY
Patil Automation IPO opens June 16 to raise ₹69.61 crore via fresh issue. Pune-based company primarily offers industrial automation solutions to the automotive sector. IPO price band is set between ₹114–₹120 per share, with lot size of 1,200 shares.
Patil Automation offers customised automation systems like assembly and welding fixtures, robotic cells.
Patil Automation IPO will open for subscription on June 16. Automation solutions provider aims to raise ₹69.61 crore through its initial public offering. The IPO will remain open till June 18.
Patil Automation IPO details
Patil Automation aims to raise ₹69.61 crore through its SME IPO. The issue is 100% book-built and made up entirely of a fresh issuance of over 58 lakh shares, with no offer-for-sale (OFS) component.
The company has fixed the price band of the issue at ₹114 to ₹120 per share. The lot size, or the minimum bid quantity to apply for the issue, is 1,200 shares. This equates to a minimum investment amount of over ₹1.44 lakh for retail investors (if bids are placed at the upper end of the price band) and ₹2.88 lakh for high networth investors (HNIs) as they need to bid for a minimum of 2 lots.
Patil Automation has appointed Seren Capital Private Limited as the book-running lead manager of the IPO, while Purva Sharegistry India Pvt Ltd is the registrar for the issue. The market maker for the Jainik Power and Cables IPO is Mansi Share & Stock Broking Private Limited.
Patil Automation IPO: Important dates
The Patil Automation IPO will remain open for bidding from 16 to 18 June. After the bidding is closed, the allotment of shares is expected to be finalised on June 19.
Successful bidders can expect the shares to be credited to their demat accounts by June 20, with others receiving refunds on the same day. Patil Automation shares are scheduled to list on the NSE Emerge platform on June 23.
About the company
Patil Automation Ltd, incorporated in 2015, is an industrial automation solutions provider primarily for the automotive sector. It offers customised automation systems like assembly and welding fixtures, robotic cells, testing and inspection systems. In FY25, the company supplied its products to over 52 clients, including OEMs, electric vehicle manufacturers and automotive components makers. Its 45-member design team operates from Pune, with a total workforce of 244 employees. The company serves around 10 Indian states and has executed notable projects for SUVs, Tier I suppliers, and EV manufacturers, with order values ranging from ₹1.43 crore to ₹13.92 crore.
Patil Automation IPO: Use of proceeds
| Particulars | Estimated amount |
|---|---|
| Capital Expenditure (89.08%) | The company will use ₹62.01 crore to set up new manufacturing facility |
| Repayment of certain borrowings (5.75%) | ₹4.00 crore will be used towards repayment of borrowings |
| General corporate purposes (5.17%) | Part of the IPO proceeds will be used for general corporate purposes and strategic initiatives. |
Patil Automation: Financial snapshot
| (In Crs) | FY 23 | FY 24 | FY 25 |
|---|---|---|---|
| Revenue | 77.81 | 115.28 | 118.05 |
| Total Assets | 94.04 | 91.77 | 115.35 |
| PAT | 4.20 | 7.84 | 11.70 |
| EBITDA | 4.59 | 12.44 | 15.22 |
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