Patil Automation share price: Stock lists at 29% premium; here's how much investors made per lot

Patil Automation share price: Shares of welding and line automation solutions provider Patil Automation were listed on the SME platform of the National Stock Exchange (NSE), Emerge, at ₹155 apiece on Monday, June 23. This reflects a premium of 29.17% over the issue price of ₹120.

Minutes into the listing, the scrip hit a 5% upper circuit to ₹162.75 per share.

Patil Automation share price: Here's how much investors made per lot

A lot consisting of 1,200 shares cost ₹1,44,000. Investors who received Patil Automation allotment made ₹1,86,000 per lot (155x1,200).

The IPO was subscribed a whopping 101.42 times, with retail investors subscribing their portion 44.77 times, non-institutional investors (NIIs) 258.18 times and qualified institutional buyers (QIBs) 82.92 times.

The money raised will be utilised for capital expenditure requirements towards setting up a new manufacturing plant, debt clearance, and corporate general purposes.

Manoj Patil, the company's Managing Director, said, "The capital raised will be deployed towards setting up a new manufacturing facility, enabling us to meet rising demand, especially in the electric vehicle segment and defence. It will provide financial flexibility to support future growth."

Seren Capital was the issue's book-running lead manager, while Purva Sharegistry India was the registrar. The market maker for the IPO was Mansi Share & Stock Broking Pvt Ltd.

Patil Automation, incorporated in 2015, is an automation solutions provider to industrial clients, majorly in the automotive sector. It is involved in the designing, manufacturing, testing and installation of customised automation systems like welding lines (spot welding, MIG and TIG), material handling machinery, assembly lines, and special-purpose machinery.

Its clients primarily include automotive original equipment manufacturers (OEMs), automotive component makers, and Tier I suppliers to automotive OEMs.

The company's revenue from operations increased 2.79% to ₹122.04 crore in the financial year 2024-25, compared to ₹118.72 crore a year back.

The net profit surged 49.23% to ₹11.7 crore in FY25 as against ₹7.84 crore in FY24.