Patil Automation's Initial Public Offering (IPO) is a book-building issue aiming to raise ₹69.61 crore. This entire offering consists of a fresh issue of 58.01 lakh shares.
The subscription period for this IPO begins on June 16, 2025, and will conclude on June 18, 2025. Investors can expect the share allotment to be finalised around Thursday, June 19, 2025. Subsequently, Patil Automation IPO shares are tentatively scheduled to be listed on the NSE SME exchange on Monday, June 23, 2025.
The IPO's price band has been set between ₹114 and ₹120 per share. Retail investors can apply for a minimum lot size of 1,200 shares, requiring a minimum investment of ₹1,36,800. Bidding at the cutoff price of ₹1,44,000 is suggested to mitigate oversubscription risks. High Net Worth Individuals (HNIs) can invest a minimum of 2 lots (2,400 shares), totaling ₹2,88,000.
Seren Capital Private Limited is managing the book-running lead, with Purva Sharegistry India Pvt Ltd acting as the registrar. Mansi Share & Stock Broking Private Limited serves as the market maker. For more detailed information, please refer to the Patil Automation IPO RHP.
Industry Outlook
- India's services sector, a major economic driver, saw its Gross Value Added (GVA) increase from INR 68.78 trillion in FY 2019 to INR 86.6 trillion in FY 2024. This growth reflects a Compound Annual Growth Rate (CAGR) of nearly 5%.
- The global manufacturing industry is rapidly adopting automation, including industrial robots, to replace manual labor and improve efficiency. This trend is extending to developing economies like India, where the gap with advanced manufacturing is narrowing.
- Industrial automation, especially robotic welding systems, is crucial for the automotive sector. This technology ensures reliable, precise, and high-volume production of vehicles. The increasing adoption of automation in manufacturing, including the rising use of industrial robots, directly creates demand for companies like Patil Automation.
Patil Automation IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- The company plans to use ₹6,200.61 lakh from the issue proceeds to fund capital expenses for establishing a new manufacturing plant.
- A portion of the funds, specifically ₹400.00 lakh, will be used to repay some of the company's existing loans.
- A portion of the funds will be used for general corporate purposes to support overall business needs.
About Patil Automation Limited
Patil Automation Limited, established in 2015, specialises in providing automation solutions to industrial clients, primarily within the automotive sector. The company focuses on designing, manufacturing, testing, and installing customised automation systems.
These systems include welding lines (spot, MIG, TIG), assembly lines, material handling equipment, and specialised machinery, all tailored to meet the specific production needs of clients. The client base largely consists of Automotive Original Equipment Manufacturers (OEMs), their Tier I suppliers, and manufacturers of automotive components.
These clients look to Patil Automation for help in setting up, expanding, upgrading, or modifying their production facilities, aiming to optimise manufacturing processes and reduce manual work. Patil Automation's product offerings also feature assembly and welding fixtures, robotic cells, and various testing and inspection systems.
Beyond products, the company offers crucial support services like repair, maintenance, modification, and manpower support to ensure smooth system operations. Industrial automation is a significant force in economic transformation, boosting efficiency and productivity across sectors. It's a cornerstone for the automotive industry, enhancing production efficiency, precision, and scalability by reducing operational costs through automated systems, including robotic welding.
Manufacturing takes place at the company's facility in MIDC Chakan, Pune, which spans two units totaling over 109,000 sq. ft. These units are well-equipped with necessary machinery and hold ISO 45001:2018, ISO 9001:2015, and ISO 14001:2015 certifications.
How To Check the Allotment Status of Patil Automation IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
How To Apply for the Patil Automation IPO Online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the Patil Automation IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
Contact Details of Patil Automation IPO
Registered office: Gat no. 154, behind G.E. Company, Village Sudumbre, Tehsil Maval, District Pune, Maharashtra – 412-109
Phone:+91-9168338383
E-mail:info@patilautomation.com
Patil Automation IPO Reservation
|
Investor Category |
Shares Offered |
|
Market Maker Shares Offered |
2,92,800 (7.06%) |
|
Anchor Investor Shares Offered |
- |
|
QIB |
11,01,600 (26.55%) |
|
NII (HNI) Shares Offered |
8,26,800 (19.92%) |
|
Retail Shares Offered |
19,28,400 (46.47%) |
|
Total Shares Offered |
41,49,600 (100.00%) |
Patil Automation IPO Lot Size
|
Application |
Lots |
Shares |
Amount |
|
Retail (Min) |
1 |
1,200 |
₹1,36,800 |
|
Retail (Max) |
1 |
1,200 |
₹1,44,000 |
|
HNI (Min) |
2 |
2,400 |
₹2,88,000 |
Patil Automation IPO Promoter Holding
Manoj Pandurang Patil, Aarti Manoj Patil and Prafulla Pandurang Patil are the promoters of the company.
|
Share Holding Pre-Issue |
94.38% |
|
Share Holding Post Issue |
- |
Note: Equity dilution will be determined by subtracting the Shareholding Post Issue from the Shareholding Pre Issue.
Key Performance Indicators for Patil Automation IPO
|
KPI |
Value |
|
ROE (%) |
27.28 |
|
RoCE (%) |
21.62 |
|
Price to Book Value |
3.43 |
|
PAT Margin |
9.91 |
Patil Automation IPO Prospectus
Patil Automation IPO Registrar and Lead Managers
Patil Automation IPO Lead Managers
- Seren Capital Private Limited
Registrar for Patil Automation IPO
Purva Sharegistry India Private Limited
- Contact Number: +91-022-23018261/ 23016761
- Email Address: newissue@purvashare.com
Patil Automation IPO Registrar
Financial Performance of Patil Automation Limited
| Particulars | Year ending on March 31, 2025 | Year ending on March 31, 2024 |
|---|---|---|
| Revenue from Operation (in ₹ lakh) | 11,805.13 | 11,527.96 |
| Profit/ (loss) for the year (in ₹ lakh) | 1,170.21 | 783.72 |
| Earnings per Share (₹) | 7.62 | 5.18 |
| Net Worth (in ₹ lakh) | 5,368.84 | 3,210.24 |
| Return on Equity (RoE) (%) | 27.28 | 27.81 |
| Return on Capital Employed (RoCE) | 21.62 | 24.52 |
| EBITDA (in ₹ lakh) | 1,521.68 | 1,244.37 |
Know before investing
Strengths
8Skilled 45-member team offers tailored automation solutions for clients.
Two in-house units, 109,000 sq. ft., ensure precise manufacturing and testing.
Over 52 customers received products in Fiscal 2025, with repeat orders.
Promoters bring 25+ and 28+ years of strong industry experience.
New facility expansion will boost capacity from 2304 to 3454 units.
Entering non-automotive sectors like heavy construction, pharma, white goods.
Expanding presence in the rapidly growing Electric Vehicle (EV) automation segment.
Committed focus on consistently meeting high-quality standards for automation systems.
Risks
8Heavy reliance on automotive sector performance carries significant business risk.
Losing top ten customers (76.67% FY25 revenue) severely impacts business.
Welding lines, 65.59% of FY25 revenue, face sales decline risk.
No long-term supplier agreements pose cost and availability risks.
Outstanding legal proceedings could negatively affect cash flows.
Failure to meet quality standards risks order cancellation and claims.
Non-owned facilities risk business disruption if leases aren't renewed.
New manufacturing facility involves capital outlay and potential delays.
Patil Automation IPO Peer Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | RoNW (%) | Dividend Yield |
|---|---|---|---|---|
| Patil Automation Limited | 7.62 | 7.62 | 21.80 | - |
| Affordable Robotic & Automation Limited | -10.36 | -10.36 | -11.56 | - |
