Patil Automation
Listing performance
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Issue details
- IPO date
- 16 Jun 2025 – 18 Jun 2025
- Listing date
- 23 Jun 2025
- Face value
- ₹10 per share
- Issue price
- ₹120 per share
- Lot size
- 1,200 shares
- Issue type
- Book Building issue
- Listing at
- NSE
- Total issue size
- ₹69.61 Cr
- Market cap at offer price
- ₹262 Cr
- Promoter holding
- 94.38% → 69.29% pre-issue → post-issue
- ISIN
- INE17GV01016
- Registrar
- Purva Sharegistry (India) Pvt.Ltd.
- Lead managers
- Seren Capital Pvt.Ltd.
- Registered office
- Gat no.154, behind G.E., Company, Village Sudumbre, Tehsil Maval, Maharashtra
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Anchor investor · within QIB | 16,51,200 | — | — |
| Market maker | 2,92,800 | — | — |
Application size
Minimum 1,200 shares per lot, in multiples, at ₹120
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1,200 | ₹1,44,000 |
| S-HNI (min) | 2 | 2,400 | ₹2,88,000 |
| S-HNI (max) | 6 | 7,200 | ₹8,64,000 |
| B-HNI (min) | 7 | 8,400 | ₹10,08,000 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Anchor investors
Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.
Valuation and performance
Valuation at offer price
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 7.30 | 5.36 |
| P/E (×) | 16.44 | 22.39 |
| Price to book (×) | 3.43 | — |
| Market cap | — | ₹262 Cr |
Key performance indicators
- Return on net worth
- 21.80%
- ROCE
- 21.62%
- Debt / equity
- 0.43
- PAT margin
- 9.91%
- EBITDA margin
- 12.89%
- NAV per share
- ₹34.96
- Price to book
- 3.43
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
About Patil Automation
Incorporated in 2015 and converted to a public limited company in 2024, Patil Automation Limited is an automation solutions provider serving industrial clients primarily in the automotive sector. The company engages 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 specific requirements of clients' production facilities. Its client base comprises Automotive OEMs, Tier I suppliers to Automotive OEMs, and manufacturers of automotive components. The company operates two manufacturing units (Unit-I and Unit-II) in the MIDC Chakan area with combined built-up area of 109,000 sq. ft., equipped with CNC machines, cutting machines, and testing equipment. As of March 31, 2025, the company had 244 permanent employees and approximately 256 contract laborers.
Company Analysis
from RHPPatil Automation Limited designs, manufactures, tests, and installs customized automation systems including welding lines, assembly lines, and material handling machineries primarily for the automotive sector.
Incorporated in 2015 and converted to a public limited company in 2024, Patil Automation Limited is an automation solutions provider serving industrial clients primarily in the automotive sector. The company engages 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 specific requirements of clients' production facilities. Its client base comprises Automotive OEMs, Tier I suppliers to Automotive OEMs, and manufacturers of automotive components. The company operates two manufacturing units (Unit-I and Unit-II) in the MIDC Chakan area with combined built-up area of 109,000 sq. ft., equipped with CNC machines, cutting machines, and testing equipment. As of March 31, 2025, the company had 244 permanent employees and approximately 256 contract laborers.
Objects of the Issue
- Funding of capital expenditure towards setup of new manufacturing facility 6200.61 (₹ in lakhs) p.89
- Repayment of a portion of certain borrowings availed by our Company 400.00 (₹ in lakhs) p.95
- General Corporate Purpose p.97
Issue Structure
- Total Issue
- Upto ₹ [●] Lakhs (58,00,800 Equity Shares of ₹10 each)
- Fresh Issue
- Upto 58,00,800 Equity Shares aggregating to ₹ [●] Lakhs
- Offer for Sale
- Nil
- Price Band
- ₹ [●] to ₹ [●] per Equity Share
- Lot Size
- [●] equity shares and in multiples of [●] equity shares
- Face Value
- ₹10 per Equity Share
Business Model
The company generates revenue from designing and manufacturing customized automation systems for industrial clients, primarily in the automotive sector. Revenue sources include welding lines (65.59% in FY 2024-25), assembly lines (25.50%), maintenance and other services (5.22%), special purpose machines (1.50%), material handling machines (1.37%), and miscellaneous items (0.83%). The company does not have long-term supply agreements with customers, relying instead on purchase orders.
Business Segments
SWOT Analysis
- • Design and development capabilities with 45-member team using advanced software tools(p.136)
- • In-house manufacturing facility with integrated testing capabilities(p.136)
- • Strong recognition from customers with repeat orders and awards(p.136)
- • Experienced management team with 25+ years in automation industry(p.136)
- • High customer concentration with top 10 customers accounting for 76.67% of revenue(p.32)
- • Significant dependence on automotive sector with 88.84% of revenue from automotive clients(p.32)
- • No long-term supply agreements with key suppliers; subject to price volatility(p.34)
- • Significant product concentration with welding lines representing 65.59% of revenue(p.33)
- • High employee attrition rate exceeding 30% annually(p.43)
- • Do not own manufacturing facilities; dependent on lease agreements(p.36)
- • Trademark not yet registered; logo application pending approval(p.44)
- • High indebtedness with total outstanding borrowings of ₹2,293.28 lakhs(p.47)
- • Indian industrial automation market expected to grow from USD 15.12 billion in 2024 to USD 29.43 billion by 2029 at CAGR of 14.2%(p.123)
- • Expansion into non-automotive sectors including pharmaceuticals, consumer goods and heavy equipment(p.137)
- • Growing EV market with shift towards electric vehicles creating specialized automation needs(p.123)
- • Government initiatives like Make in India, PLI scheme and Industry 4.0 driving manufacturing adoption(p.121)
- • Expansion of production capacity through new manufacturing facility(p.137)
- • Slowdown in automotive sector performance would adversely impact business(p.32)
- • Fluctuations in raw material costs and absence of long-term supply agreements(p.34)
- • Competition from larger domestic and international players with greater resources(p.42)
- • Global economic slowdown and recession in emerging markets(p.50)
- • Rising labour costs and shortage of skilled workforce(p.123)
- • Regulatory changes and compliance requirements(p.54)
- • Geopolitical risks including Russia-Ukraine conflict and trade tensions(p.51)
- • Risk of disruption to manufacturing operations due to external factors(p.38)
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Manoj Pandurang Patil | Promoter | 75.83% | — |
| Aarti Manoj Patil | Promoter | 17.61% | — |
| Prafulla Pandurang Patil | Promoter | 0.19% | — |
Leadership
Auto-extracted from the company's RHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official RHP before relying on it.