Patil Automation IPO Opens June 16—₹114-120 Price Band Set

Image Source: Equity Pandit

Patil Automation Ltd. is set to launch its ₹69.61 crore initial public offering (IPO) on June 16, 2025, with a price band of ₹114120 per share. The IPO consists of a fresh issue of 58 lakh equity shares, with no offerforsale (OFS) component.

Key Highlights:

Subscription Window: Opens June 16 and closes June 18.
Grey Market Premium (GMP): Trading at a ₹23 premium, indicating strong investor interest.
Fund Utilization: ₹62 crore allocated for a new manufacturing facility, ₹4 crore for debt repayment, and the rest for corporate expenses.
Listing Date: Shares will debut on NSE SME on June 23, 2025.

Patil Automation specializes in welding and line automation solutions, catering primarily to automotive OEMs and Tier I suppliers. The company operates five facilities across India, including two in Pune.

With a revenue of ₹118.05 crore in FY25, up 2.4% from the previous year, and a PAT of ₹11.7 crore, the company has shown steady growth. Investors are closely watching the IPO’s performance, given its strong industry positioning and expansion plans.

Source: Business Standard, Moneycontrol