Patil Automation Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹120
Per ShareLot Size
1200 Shares
Minimum Investment
₹1,44,000
Issue Size
₹69.61 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Patil Automation Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
94.38%
Promoter Holding (Post-Issue)
69.29%
Issue Type
Book Building - SME
ISIN
INE17GV01016
About the Company
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.
Industry Overview
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.
Company History
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.
Products & Services
- The Company is an automation solutions provider serving industrial clients, primarily in the automotive sector.
Growth 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.
Customer Base
wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets for the last reported financial year.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offer of 58,00,800 equity shares of face value of Rs. 10/- each (the "Equity Shares") of Patil Automation Limited ("the Company" or "PAL" or "the Issuer") at an issue price of Rs. 120/- per equity share for cash, aggregating up to Rs. 69.61 crores ("Public Issue") out of which 2,92,800 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 120/- per equity share for cash, aggregating Rs. 3.51 crores will be reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion"). The public issue less market maker reservation portion i.e. issue of 55,08,000 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 120/- per equity share for cash, aggregating upto Rs. 66.10 crores is herein after referred to as the "Net Issue". the public issue and net issue will constitute 26.58 % and 25.24% respectively of the post-issue paid-up equity share capital of the company.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Design and development capabilities.
- In-house manufacturing facility with integrated testing capabilities.
- Recognition from customers.
- Experienced Promoters with strong management team having domain knowledge.
- 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.
- The Company does not have long-term agreements with suppliers for its input materials and a significant increase in the cost of, or a shortfall in the availability, or deterioration in the quality, of such input materials could have an adverse effect on its business and results of operations.
- There are outstanding legal proceedings involving the Company, our Directors and the Promoters. Any adverse decisions could impact its cash flows and profit or loss to the extent of demand amount, interest and penalty, divert management time and attention and have an adverse effect on the business, prospects, results of operations and financial condition.