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Pattech Fitwell Tube Components IPO

Small CapManufacturerSME
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IPO Details

Bidding Dates

05 Apr '23 - 12 Apr '23

Minimum Investment

₹150,000 / 1 Lots ( 3000 Shares )

Price Range

₹50

Maximum Investment

₹150,000 / 1 Lots ( 3000 Shares )

Retail Discount

To be announced

Issue Size

₹12.00 Cr

Investor category and sub category

Qualified Institutional Buyers  |  Non-Institutional Investors  |  Retail Individual Investors

IPO Dates

Important dates with respect to IPO allotment and listing

Opening Date

Apr 5, 23

Closing Date

Apr 12, 23

Basis of Allotment

Apr 18, 23

Initiation of Refunds

Apr 19, 23

Credit of Shares to Demat

Apr 20, 23

Listing Date

Apr 21, 23

Pattech Fitwell Tube Components IPO Subscription Details

DateNIIRetailTotal

Day 1Apr 5 2023

1.190.060.62

Day 2Apr 6 2023

1.380.180.78

Day 3Apr 10 2023

1.700.441.07

Day 4Apr 11 2023

1.700.771.23

Day 5Apr 12 2023

2.051.891.97

About Company

The company started a decade ago in 2012 as a partnership firm. The current company was registered under the Companies Act 2013 vide certificate of incorporation dated August 22, 2022.

Pattech engages in manufacturing of forging products for the non-automotive sector. It has manufacturing units located in Gujarat with a total installed capacity of 14104.13 MTPA. Pattech Fitwell undertakes assignments to convert semi-finished and raw products offering value added processes of forming, bending, drilling, cutting, polishing, painting, welding, blasting etc.

Some of thestr items manufactured by Pattech Fitwell include elbow, flanges, tees, reducers, caps,pipe, spools, etc. The manufacturing unit is capable of producing standardised and customised products.

Pattech Fitwell Tube Components Ltd. IPO details

Pattech Fitwell Tube Components Ltd. IPO comprises 2,400,000 equity shares amounting to Rs. 12 crore. It is a fixed price issue type IPO with the price fixed at Rs. 30. Investors can apply for a minimum one lot of 3000 shares.

The bidding window will remain open from April 05 to April 12, 2023.

Pattech Fitwell Tube Components Ltd. IPO Objective

  • The company proposes to utilise the net proceeds from the fresh issues to meet working capital requirements and general corporate purposes.

Should you invest in Pattech Fitwell Tube Components Ltd.?

    These are the top reasons to consider investing in Pattech Fitwell Tube Component Ltd.
  • The company produces a wide range of forged and machine components for the non-automotive industry.
  • Pattech caters to a diversified customer base- standardised and customised items.
  • It has a modern, fully functional, and well-established manufacturing unit.
  • The steel industry contributes 2% of the GDP, and its importance is likely to grow as India works to become a manufacturing powerhouse.

Pattech Fitwell Tube Components Ltd. Noteworthy highlights

  • A strong financial record supported by a steady growth in revenue from operation and profit before tax values.
  • The growth in profit was 165.25% between 2020 and 2022.

Pattech Fitwell Tube Components Company Financials

Particulars8 month ending on November 30, 2022Year ending on March 31, 2022
Revenue from Operations2082.402224.95
Profit for the period 54.45 144.45
 As at November 30, 2022As at March 31, 2022
Current Asset 2661.01 2530.38
Current Liabilities 2661.01 2530.38

Know before investing

Strengths

3

  1. It’s an ISO 14001:2015 and ISO 14001:2018 certified company by Quality Control Certification from UASL, England.

  2. A Team of knowledgeable promoters with extensive industry experience.

  3. A diversified client list with long-term relationships.

Risks

3

  1. The business faces the risks of issues with suppliers, changes in price, and non-availability of raw materials.

  2. A few legal cases are pending against the company promoters.

  3. Failing to obtain new licences or renew the existing ones can impact the company’s operation and financials.

  • How to Apply in IPO
  • How to Check IPO Allotment Status
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Login to Angel One App / Website & click on IPO

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Select desired IPO & tap on "Apply"

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Enter UPI ID, set quantity/price & submit

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Accept mandate on the UPI app to complete the process

Pattech Fitwell Tube Components IPO FAQs

Pattech Fitwell Tube Components Ltd. IPO opens for subscription on April 06, 2023. The company prepares to raise Rs. 12 crore from 2,400,000 equity shares. The shares will be available at a price of Rs. 50 per share. A minimum of one lot will contain 3000 shares.
The basis of the allotment date is April 18, 2023.
One lot of Pattech Fitwell Tube Components Ltd. IPO has 3000 shares.
The IPO will open on April 06, 2023.
Retail investors can apply for a minimum of one lot of 3000 shares.
The listing date of Pattech Fitwell Tube Components Ltd. on  NSE SME is April 21, 2023.
You can check the allotment status of your IPO application from the Angel One app. To check the allotment status, enter the application number, DP ID, and PAN number into the app.
One can’t measure listing gain before the IPO listing date. You will get the update on the listing date of Pattech Fitwell Tube Components Ltd, which is April 21, 2023.
The bank initially blocks the amount you bid for an IPO. It will debit the money when the shares are allotted or unblock the amount after the UPI mandate expiry date.
Login to your UPI handle and approve the payment mandate to complete the IPO application process.
You can submit only one application using one PAN card.
The minimum size of the application will be one lot of 3000 shares.
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