What is the last grey market premium of Patil Automation IPO?

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Listing Review: Will update on listing.

Subscription status of Patil Automation IPO

Patil Automation IPO
(Day 1)

Price Rs. 120 Lot 1200 shares, Rs.69.61 Crore

QIB NII x RII x Total x Applications
         
Note:

Patil Automation IPO Allotment Link: 
https://www.purvashare.com/investor-service/ipo-query

 

What is the business of Patil Automation?

Patil Automation is an automation solutions provider serving industrial clients, primarily in the automotive sector. It is engaged in designing, manufacturing, testing and installation of customized automation systems such as welding lines (spot welding, MIG and TIG), assembly lines, material handling machineries and special-purpose machineries, tailored to meet the specific requirements of our clients’ production facilities.

Its client base primarily comprises of Automotive Original Equipment Manufacturers (OEMs), Tier I suppliers to Automotive OEMs and manufacturers of automotive components and sub-components, who seek to establish, expand, upgrade, modify or repair their production setup. Its automation solutions focus on optimizing manufacturing processes and reducing manual intervention at its clients’ facilities.

The manufacturing of its automation systems is carried out at its facility, based on the detailed designs made by it and approved by the customers. Its facility, located in the MIDC Chakan area of Village Sudumbre, Tehsil Maval, District Pune, is divided into two units: Unit-I (built up area – 50,536 sq. ft.) and Unit-II (built up area – 58,464 sq. ft.).

Additionally, its facility is certified under ISO 45001:2018, ISO 9001:2015 and ISO 14001:2015.

As of March 31, 2025, the company had 244 permanent full-time employees. Additionally, it employed approximately 256 contract laborers at its units.

Get more information about the company @ www.patilautomation.com 

Patil Automation IPO Details

Sector:

IPO opens on  16 June 2025
IPO closes on  18 June 2025
Issue Type Book Built Issue IPO
Issue Size 5800800 Shares /
Rs 69.61 Crore
* Fresh Issue 5800800 Shares /
Rs 69.61 Crore
* Offer for Sale –
Market Maker Portion 2,92,800 Shares
Net offer to Public 5508000 Shares
Rs.66.10 Crores
Face Value per share Rs. 10
Price Band Rs. 114-120
Employee discount  Rs. 0 per share
Retail Lot Size  1200 Shares
Listing will at  NSE SME

Shares offered in IPO

  Shares Rs. (Crore)
QIB (50%) 2046000 33.05
HNI (15%)   826200   9.92
RII  (35%) 1927800 23.13
Total Shares  5508000 66.10
Retail portion will be
oversubscribed by 
1607
Forms
How much Shares to Apply in this IPO?
Min Retail Application 1200 Shares Rs.144000
Min HNI Application  2400 Shares Rs.288000

Who are the Promoters of Patil Automation?

The promoters of the company are Manoj Pandurang Patil, Aarti Manoj Patil and Prafulla Pandurang Patil.

What are the Objects of Patil Automation IPO?

a) Funding of capital expenditure towards setup of new manufacturing facility Rs. 62.01 Cr.
b) Repayment of a portion of certain borrowings availed by the Company Rs. 4 cr
c) General Corporate Purposes

Tentative timetable

IPO opens on 16 June 2025
IPO Closes on 18 June 2025
IPO Allotment on  19 June 2025
Refund Initiation  20 June 2025
Credit of Shares 20 June 2025
Listing on 23 June 2025
Registered Office of the Company
Patil Automation Limited
Gat no. 154, behind G.E.
Company, Village Sudumbre,
Tehsil Maval,
Pune, Maharashtra
The Lead Manager of this IPO
Seren Capital Pvt ltd

Who is the Registrar to IPO?

Purva Shareregistry India Pvt ltd

Patil Automation IPO GMP grey market premium, review, Subscription, allotment, listing estimate

Patil Automation Financials

Period Ended 31-Mar-25 31-Mar-24 31-Mar-23
Assets 115.35 91.77 94.04
Revenue 122.04 118.72 82.35
Profit After Tax 11.7 7.84 4.2
Net Worth 53.69 32.1 24.27
Reserves and Surplus 37.67 27.06 19.23
Total Borrowing 22.93 23.13 32.65
Amount in Rs. Crore

Performance Indicators

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
EPS Rs.  7.3
PE Ratio  16.43

 

 

How Patil Automation IPO compares with the Peers?

Company Name PE Ratio RoNW (%)
Patil Automation Limited 16.43 21.8
Affordable Robotic  N.A. -11.56

# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.

Patil Automation IPO Review by Paresh Gordhandas, CA & Research Analyst.

Patil Automation is an automation solutions provider serving industrial clients, primarily in the automotive sector. It is engaged in designing, manufacturing, testing and installation of customized automation systems such as welding lines (spot welding, MIG and TIG), assembly lines, material handling machineries and special-purpose machineries, tailored to meet the specific requirements of our clients’ production facilities.

Its client base primarily comprises of Automotive Original Equipment Manufacturers (OEMs), Tier I suppliers to Automotive OEMs and manufacturers of automotive components and sub-components, who seek to establish, expand, upgrade, modify or repair their production setup. Its automation solutions focus on optimizing manufacturing processes and reducing manual intervention at its clients’ facilities.

The manufacturing of its automation systems is carried out at its facility, based on the detailed designs made by it and approved by the customers. Its facility, located in the MIDC Chakan area of Village Sudumbre, Tehsil Maval, District Pune, is divided into two units: Unit-I (built up area – 50,536 sq. ft.) and Unit-II (built up area – 58,464 sq. ft.).

Additionally, its facility is certified under ISO 45001:2018, ISO 9001:2015 and ISO 14001:2015.

As of March 31, 2025, the company had 244 permanent full-time employees. Additionally, it employed approximately 256 contract laborers at its units.

Growth Potential:

The Indian Industrial automation solutions industry is expected to grow from USD 15.12 billion in 2024 to USD 29.43 billion by 2029, growing at a CAGR of 14.2% during the forecast period. According to the D&B Report, the adoption of robotic welding systems is accelerating in industries such as automotive manufacturing, heavy engineering and large-scale fabrication. These systems offer advantages like consistent weld quality, increased production speed, and reduced labor costs.

Financials: The company has exhibited strong growth in its topline. The total revenue has increased to Rs. 122.04 crore in 202425 as compared to Rs. 82.35 crore during 2022-23. The company has earned net profit of Rs. 11.70 crore and EPS of Rs.7.30. The balance sheet has been quite strong with debit equity ratio hovering around 0.43. The shares are offered at reasonable valuation of 16.43 PE ratio.

Looking to strong growth potential of Industrial automation solution business, the company has bright future and in the medium-term investors are expected to get satisfactory return on the investments. 

+ from fundamental angle:  May apply

+ from grey market angle: 

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