Patil Automation's Rs 70 Crore IPO Set to Power Growth in EV and Defence Sectors

Image Source: Hello Banker

Patil Automation, a leading player in the business of offering customized automation solutions, will come out with its Rs 70 crore initial public offering (IPO) on June 16. The issue, which has been priced between Rs 114-120 per share, will remain open till June 18, and shares will be listed on NSE's SME platform, Emerge.

Key Milestones and Strategic Goals

The company will raise Rs 69.61 crore through the offer-for-sale of 58.01 lakh new shares.

Proceeds would be used to set up a new manufacturing facility, debt repayment, and corporate general expenses.

The expansion will increase the presence of Patil Automation in electric vehicles and defence segments.

Market Position and Financial Performance

Patil Automation trades in fully automated robotic lines and tailor-made automation solutions serving industries like automotive, EVs, defence, and farm equipment.

The company has posted Rs 118.05 crore revenue and Rs 11.70 crore profit after tax for FY25.

The customer base includes automotive OEMs, Tier I vendors, and component manufacturers.

IPO Management and Listing Details

The IPO has one book-running lead manager, Seren Capital.

The registrar is Purva Sharegistry (India).

Listing on NSE Emerge is expected to enhance visibility and investor confidence.

Patil Automation's IPO is a milestone on its growth path, clearing the way for the company to grow and innovate in the days ahead.

Sources: Rediff, GoodReturns, The Week, CNBC-TV18, The Hindu Business Line.