Money has to be made with money! This IPO is going to open from today, know everything before bidding
If you are interested in making money by investing in IPO, then there is another better chance for you. Patil Automation, a customized automation solution company, is going to open its initial public issue (IPO) from 16 June i.e. Monday. According to PTI news, this IPO will be open till June 18 for subscription plans to raise around Rs 70 crore. The company said that the price of the initial public issue (IPO) is Rs 114-120 per equity share.
How many shares will the company issue?
According to the news, Patil Automation shares will be listed on the SME platform Emerg of NSE (National Stock Exchange). The Pune -based company wants to raise Rs 69.61 crore by issuing 58.01 lakh new shares. The net income received from the IPO will be used for the installation of new manufacturing facility, repayment of loan and capital expenditure for general corporate purposes. Manoj Patil, Managing Director of Patil Automation, said that the upcoming IPO is an important milestone associated with our long -term point of view.
The company will set up new manufacturing facility
Patil said that the raised capital will be used to set up a new manufacturing facility. With this we will be able to fulfill the growing demand, especially in electric vehicle segment and defense. This will provide financial flexibility to support future development. Let me tell you, Patil Automation Designs and Manufacturers in different fields including automotive, EV, defense and agricultural machinery designs and constructs completely automatic robotic lines and custom automation solutions.
How is financial performance
Patil automation customers include automotive OEM, Tier I supplier and components manufacturer. In FY 2025, the company recorded a revenue of Rs 118.05 crore and a tax of Rs 11.70 crore after a tax of Rs 11.70 crore. The company’s revenue has seen a continuous increase for the last three years. Saren Capital is the only book running lead manager and Purva Share Registry (India) is Registrar for IPO.
At least how much will be the investment
If you want to take subscription (bid) in this IPO, then you have to invest at least ₹ 1,36,800. This IPO has 1200 shares in a lot. You have to bid for at least 2400 shares.
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