Latest news with #PatilAutomation
Business Standard
23-06-2025
- Business
- Business Standard
NSE SME Patil Automation drives a stellar market entry
Shares of Patil Automation were trading at Rs 162.75 on the NSE, a premium of 35.63% compared with the issue price of Rs 120. The scrip was listed at Rs 155, a premium of 29.17% compared with the initial public offer (IPO) price. The stock was currently frozen at its upper limit of 5% over its listing price. The counter hit a high of Rs 162.75 and a low of Rs 155. About 27.56 lakh shares of the company changed hands at the counter. Patil Automation's IPO was subscribed 94.33 times. The issue opened for bidding on 16 June 2025 and it closed on 18 June 2025. The price band of the IPO was set at Rs 114 to 120 per share. The IPO comprised fresh issue of 58,00,800 shares. The company intends to utilize the net proceeds for funding of capital expenditure towards setup of new manufacturing facility, repayment of a portion of certain borrowings availed by company and for general corporate purpose. Ahead of the IPO, Patil Automation on 13 June 2025, raised Rs 19.81 crore from anchor investors. The board allotted 16.51 lakh shares at Rs 120 per share to 11 anchor investor. Patil Automation is an automation solutions provider serving industrial clients, primarily in the automotive sector. The company 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 its client's production facilities. As of 31 March 2025, the company had a total of 244 permanent employees and 256 contractual employees. The company recorded revenue from operations of Rs 118.05 crore and net profit of Rs 11.70 crore for the period ended 31 March 2025.
Mint
23-06-2025
- Business
- Mint
Patil Automation share price list at decent 29% premium at ₹155 on the NSE SME: Rises further to hit 5% upper circuit
Patil Automation share price listed at a decent 29% premium at ₹155 on the NSE SME on Monday, 23 June 2025 Advertisement Patil Automation share price hits upper circuit post listing Patil Automation share price gained another 5% to the ₹162.75 level post-listing, marking overall gains of 35.63% for the Patil Automation shares compared to the offer price of ₹155. The level of ₹162.75 happened to be the upper price band of Patil Automation share price, and hence the stock was locked in the 5% upper circuit. The investors had already been expecting strong listing and handsome misting gains, as was evident from the subscription status for the Patil Automation IPO and the Grey Market premium. Patil Automation IPO subscribed 101.42 times. By June 18, 2025 (Day 3), the public offering had been subscribed to 44.77 times in the retail category, 82.92 times in the QIB category, and 258.18 times in the NII category. Advertisement Patil Automation share price listing—better than the market expectations Patil Automation IPO GMP, or Grey Market, stood at +24 by the closing day of the IPO. This indicates Patil Automation share price was trading at a premium of ₹24 over the offer price in the grey market, according to The same also meant that the investors were anticipating listing gains of ₹24 over the upper end of the issue price at ₹120, or, in other words, the market participants anticipated listing at around ₹144 levels. Hence the actual listing of the Patil Automation share price was better than the market expectations, and the investors have reaped strong listing gains. Advertisement Also Read | BEL share price gains on order book updates and amidst Israel-Iran War About Patil Automation Patil Automation Limited was founded in 2015 and focuses on line automation and welding solutions. The company provides full automation services, including welding lines, assembly lines, auto handling, gantries, production, and testing special-purpose equipment. It has five operational locations throughout India, including two in Pune. For its operations, the corporation has purchased 460,000 square feet of premises. Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies and not of Mint. We advise investors to check with certified experts before making any investment decisions.
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Business Standard
23-06-2025
- Business
- Business Standard
Patil Automation shares list at 29% premium, outperform IPO GMP forecasts
Patil Automation IPO listing today: Shares of welding and line automation solutions provider Patil Automation made a positive D-Street debut on June 23, following the completion of its initial public offering (IPO). Patil Automation shares listed at ₹155 per share on the NSE SME, reflecting a premium of ₹35 or 29.17 per cent over the issue price of ₹120 per share. With this listing, the investors who were allotted the company's shares during the IPO made a profit of ₹35 per share or ₹42,000 per lot (1,200 shares). Patil Automation IPO listing outperformed the the grey market estimates. Ahead of their market debut, the unlisted shares of Patil Automation were quoted trading at ₹151 per share, reflecting a grey market premium (GMP) of 25.83 per cent over the issue price. Patil Automation IPO Patil Automation IPO, valued at around ₹69.61 crore, comprises entirely a fresh issue of 5.80 million shares with no offer for sale (OFS) component. The issue was available from 16 June till 18 June, with a price band of ₹114–120 apiece and a lot size of 1,200 shares. Patil Automation IPO received an overwhelming response from investors, getting oversubscribed by 101.4 times. The company set the issue price at ₹120 per share. Patil Automation will utilise the proceeds from the public offering for funding capital expenditure towards setting up a new manufacturing facility and repayment of a portion of certain borrowings availed by the company. The company will also use the proceeds for general corporate purposes. Purva Sharegistry India serves as the registrar for the public issue of Patil Automation, while Seren Capital acted as the sole book-running lead manager. About Patil Automation Established in 2015, Patil Automation specialises in welding and line automation solutions. The company has five operational facilities across India, including two in Pune, and offers comprehensive automation services. Patil Automation designs, manufactures, and installs customised automation systems, including robotic welding, assembly lines, and special-purpose machinery. The company's product portfolio includes robotic welding systems, spot welding systems, and automated assembly lines.
Mint
23-06-2025
- Business
- Mint
Patil Automation share price list at decent 29% premium at ₹155 on the NSE SME: Rises further to hit 5% upper circuit
Patil Automation share price listed at a decent 29% premium at ₹ 155 on the NSE SME on Monday, 23 June 2025 Patil Automation share price gained another 5% to the ₹ 162.75 level post-listing, marking overall gains of 35.63% for the Patil Automation shares compared to the offer price of ₹ 155. The level of ₹ 162.75 happened to be the upper price band of Patil Automation share price, and hence the stock was locked in the 5% upper circuit. The investors had already been expecting strong listing and handsome misting gains, as was evident from the subscription status for the Patil Automation IPO and the Grey Market premium. Patil Automation IPO subscribed 101.42 times. By June 18, 2025 (Day 3), the public offering had been subscribed to 44.77 times in the retail category, 82.92 times in the QIB category, and 258.18 times in the NII category. Patil Automation IPO GMP, or Grey Market, stood at +24 by the closing day of the IPO. This indicates Patil Automation share price was trading at a premium of ₹ 24 over the offer price in the grey market, according to The same also meant that the investors were anticipating listing gains of ₹ 24 over the upper end of the issue price at ₹ 120, or, in other words, the market participants anticipated listing at around ₹ 144 levels. Hence the actual listing of the Patil Automation share price was better than the market expectations, and the investors have reaped strong listing gains.
Economic Times
23-06-2025
- Business
- Economic Times
Patil Automation set for NSE SME debut today. GMP hints at modest premium
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Pune-based Patil Automation is set to list on the NSE SME platform today after seeing overwhelming investor demand during its Rs 69.61 crore IPO . The issue was subscribed an impressive 101.42 times overall, driven by robust interest from non-institutional investors (NII) who bid 258 times their quota. Retail investors subscribed 44.77 times, while the Qualified Institutional Buyer (QIB) category was booked 82.92 of the listing, the grey market premium (GMP) for Patil Automation shares is hovering around ₹31, indicating a listing price of Rs 151 per share—nearly 26% higher than the issue price of Rs 120. While GMPs are unofficial and not always accurate indicators, the premium reflects positive sentiment among IPO consisted entirely of a fresh issue of 58 lakh shares. Anchor investors had pumped in Rs 19.81 crore ahead of the IPO opening, with 16.51 lakh shares allocated at the upper price band. The funds raised will be used primarily to set up a new manufacturing facility and repay a portion of the company's in 2015, Patil Automation provides automation and robotics solutions across industries including automotive, electronics, and general product range includes robotic welding systems, automated assembly lines, conveyor systems, and AI-based vision inspection systems. The company operates five facilities and has over 500 personnel including contractual FY25, the company posted a net profit of Rs 11.70 crore on a revenue of Rs 122 crore, with PAT margins at 9.91% and ROE at 27.28%. The IPO valued the firm at a post-issue P/E of around the strong subscription figures and current GMP, the listing is likely to be positive, though post-listing performance may depend on broader market trends and investor appetite for SME stocks.
