Patil Automation Limited is launching its SME IPO with an issue size of ₹69.61 crore, entirely through a fresh issue of 58.01 lakh equity shares. The IPO opens for subscription from June 16 to June 18, 2025, with a price band of ₹114–₹120 per share. The lot size is 1,200 shares, requiring a minimum investment of ₹1,36,800 for retail investors and ₹2,88,000 for HNIs. Established in 2015, Patil Automation specializes in welding and line automation solutions and operates five facilities across India. The company has shown consistent growth with revenues reaching ₹122.04 crore in FY24 and PAT of ₹11.70 crore. Seren Capital Private Ltd is the Book Running Lead Manager, while Purva Sharegistry and Mansi Share & Stock Broking handle registrar and market-making duties respectively. With 35% shares reserved for retail, 15% for NIIs, and 50% for QIBs, the IPO is set to list on June 23, 2025.
Source: https://www.abplive.com/videos/business/ipo-ipo-alert-patil-automation-ipo-gmp-price-band-and-detailed-review-apply-or-avoid-paisa-live-2961913
