Patil Automation Ltd IPO
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Patil Automation Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 58.01 L | TBA | ₹ 19.28 L | ₹ 151.2 L | NSE | ₹ 69.61 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 16 Jun, 25 | 18 Jun, 25 | 1200 | ₹ 1,36,800 | Book Building - SME | 23 Jun, 25 |
Patil Automation Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Engineering |
| Sub Sector | NA |
| Issue Type | Book Building - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 33.18x | 2752800 | 91339200 |
| NII | 258.54x | 826800 | 213759600 |
| Retail | 44.77x | 1928400 | 86341200 |
| Employee | 0x | 0 | 0 |
| Total | 67.48x | 5800800 | 391440000 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Patil Automation Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 17.82 | 13.56 | 7.42 |
| EBITDA | 20.46 | 15.90 | 9.38 |
| PAT | 11.70 | 7.84 | 4.20 |
| Total Assets | 90.06 | 73.01 | 68.34 |
| Share Capital | 16.02 | 5.04 | 5.04 |
| Total Borrowings | 18.48 | 38.96 | 48.65 |
| Operating Activities (Net Cash) | 14.34 | 10.18 | 6.16 |
| Investing Activities (Net Cash) | 0.05 | -0.40 | 0.10 |
| Financing Activities (Net Cash) | 18.48 | 38.96 | 48.65 |
| Net Cashflow | 20.63 | 17.29 | 24.68 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Patil Automation Ltd
Patil Automation Limited was originally incorporated as Patil Automation Private Limited, a private limited Company under the provisions of the Companies Act, 2013, pursuant to a Certificate of Incorporation dated July 22, 2015 issued by the Registrar of Companies, Maharashtra. Thereafter, the Company was converted from private limited to public limited, pursuant to special resolution passed by the shareholders of the Company at the Extraordinary general meeting held on September 05, 2024 and the name of the Company was changed from Patil Automation Private Limited to Patil Automation Limited vide fresh certificate of incorporation dated October 21, 2024 issued by the Registrar of Companies, Central Processing Centre. The Corporate identification number of the Company is U29299PN2015PLC155878.
The Indian industrial automation market experienced a steady growth from 2018 to 2023, driven by the increasing adoption of advanced technologies across manufacturing sectors. Starting at approximately USD 6.5 billion in 2018, the market grew to USD 13 billion in 2023, reflecting a CAGR of around 15%. 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.
Incorporated in 2015, the company 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 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.
Peer Comparison:
- Patil Automation Limited
- Affordable Robotic & Automation Limited
Patil Automation Ltd IPO Key Points
Strengths
- Design and development capabilities.
- In-house manufacturing facility with integrated testing capabilities.
- Recognition from customers.
- Experienced Promoters with strong management team having domain knowledge.
Risk
- The company depends significantly on the performance of automotive sector for sale of the automation solutions. Any adverse change in performance of automotive sector could adversely affect its business and profitability.
- Substantial portion of the revenue has been dependent upon few customers with which the company does not have any firm commitments. The loss of any one or more of the major customers would have a material adverse effect on the business, cash flows, results of operations and financial conditions.
- The company derived a significant portion of its revenue from the sale of the key automation solution i.e. Welding Lines. Any decline in the sales of the key offering could have an adverse effect on the business, results of operations and financial condition.
Strategy
- Expand its production capabilities by setting up a new manufacturing facility.
- Expand its presence in the Non-Automotive Sectors.
- Expand in the Electric Vehicle (EV) Automation Segment.
- Focus on consistently meeting quality standards.
- Design and development capabilities.
- In-house manufacturing facility with integrated testing capabilities.
- Recognition from customers.
- Experienced Promoters with strong management team having domain knowledge.
How To Apply for Patil Automation Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
