Patil Automation IPO opens today: Check price band, GMP and other details
Patil Automation Limited's Rs 69.61 crore IPO is set to open on June 16, 2025, offering 58.01 lakh fresh shares at Rs 114-120 per share. The Pune-based industrial automation firm intends to use the IPO proceeds for a new manufacturing facility, debt repayment, and general corporate purposes.
Tired of too many ads?
Remove Ads
About the Company
Tired of too many ads?
Remove Ads
Popular in Markets
1.
Hero FinCorp garners Rs 260 cr from investors in pre-IPO round
Financials and Growth
Use of Proceeds
The Rs 69.61 crore initial public offering (IPO) of Patil Automation Limited is set to open for subscription on Monday, June 16, 2025, and will close on Wednesday, June 18, 2025. The offering is a fresh issue of 58.01 lakh shares, with no offer for sale component.The company has set a price band of Rs 114–120 per share, with a minimum lot size of 1,200 shares, translating to an investment of Rs 1.44 lakh for retail investors. Shares are expected to be listed on the NSE SME platform on Monday, June 23, 2025.Seren Capital is the book-running lead manager and Purva Sharegistry is the registrar to the issue. Mansi Share & Stock Broking is the market maker.Ahead of the issue opening, Patil Automation GMP was Rs 22. The expected percentage gain per share is 18.33% over the issue price.Founded in 2015, Patil Automation is a Pune-based industrial automation firm offering turnkey solutions in welding and line automation. The company operates five facilities across India, including two in Pune, and caters to a range of sectors, particularly automotive, electronics, and general manufacturing.Its core offerings include robotic welding systems, assembly lines, conveyor systems, leak testing machines, end-of-line inspection systems, and automated guided vehicles (AGVs). As of FY25, the company had a workforce of 244 full-time employees and 256 contract labourers, and served clients in 10 Indian states.For the financial year ended March 2025, Patil Automation reported revenue of Rs 122.04 crore, a 3% rise year-on-year, and PAT of Rs 11.7 crore, a significant 49% increase over the previous year. The company also posted an impressive return on equity (ROE) of 27.28% and PAT margin of 9.91%.The company's market cap post-issue is expected to be Rs 261.85 crore, with a post-issue P/E of 22.38x, based on FY25 earnings.Proceeds from the IPO will be used to fund the setting up of a new manufacturing facility (Rs 62.01 crore), repay debt (Rs 4 crore), and meet general corporate expenses.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India Today
11 minutes ago
- India Today
Degrees on credit: Will students pay for their education in shares?
According to the recently released NEET UG 2025 results, over 12 lakh students have qualified for an MBBS seat in India, and another 11 lakh candidates have cleared the JEE Mains 2025 for engineering. There's high demand for MBAs too, with nearly seven lakh students enroling in postgraduate management courses each what's the cost of these ambitions?A private medical degree can cost up to Rs 1 croreAn engineering degree: Rs 24 lakhA management course: Rs 40 lakhadvertisementOn top of that, Indian students are expected to spend approximately $70 billion annually on overseas education by 2025, with that figure projected to rise to $125 billion by 2030, according to the Indian Student Mobility Report. India's higher education sector has also grown. The All India Survey on Higher Education (AISHE) report of 2021–22 found a jump in student enrolment from 3.42 crore in 2014–15 to 4.33 crore in 2021–22. Private universities, too, are booming. Their numbers climbed from 276 in 2015–16 to 473 in 2021–22, as per the Economic Survey report of 2023–24. But this growth comes with a caveat: cost. A three-year undergraduate degree in Political Science at Ashoka University, for instance, costs 36 lakh. Private universities are booming; their numbers climbed from 276 in 2015–16 to 473 in 2021–22. Credit: Vaani Gupta advertisementTHE LOAN TRAPGone are the days when a parent's savings alone could cover higher education costs. Today, it is found that families take out large loans, they borrow from relatives, or are compelled to sell property in the hope that a prestigious degree for their children would lead to a lucrative career option. According to RBI, the outstanding student education loan amount was pegged at Rs 1.31 lakh crore as of November 2024. A 17% increase over the previous year. The Indian Banks' Association also noted that loan disbursements grew at a 10% CAGR from 2015 to 2023, crossing 25,000 crore repayment is a concern. Education loan NPAs (non-performing assets) stood at 7.61% in FY20, indicating that many borrowers struggle to pay back what they MODELSMany countries are exploring alternative financing models, such as crowdfunded education investment, skills-based repayment plans, equity-based education financing, human Capital Contracts (HCCs), and even Income-Share Agreements (ISAs). This is where students commit a fixed percentage of their future income instead of repaying a traditional loan.'In 2019, a Forbes study revisited Milton Friedman's 1955 idea of Income-Share Agreements,' explains Dr. Girish Jain, Professor of Finance and Chairperson of Admissions at BIMTECH, Greater Noida. He points to Purdue University's 'Back a Boiler' program, which launched in 2016, where one engineering graduate chose an ISA over a conventional loan, agreeing to pay 8% of his salary for 10 years, capped at a reasonable NEP OPPORTUNITYadvertisementDr. Jain believes that for these models to work in India, financial literacy must be embedded in higher education alongside scholarships, boot-camps, and government support. The National Education Policy (NEP) 2020, which targets 50% gross enrolment in higher education by 2035, could become the framework for these financing Inc. could also play a game-changing role. Dr. Jain shares a compelling vision: 'Imagine TCS funds 1,000 tech students each year through income-linked repayment plans. Graduates pay back 5–7% of their salaries for eight years, but only if they're employed. It's not charity—it's a calculated bet on talent. CSR becomes smarter — aligning with ESG goals and workforce needs.'Even HDFC could fund management students, who repay through a portion of their bonuses. Risky? Perhaps. But revolutionary? Definitely.
India Today
11 minutes ago
- India Today
FATF condemns Pahalgam attack, says it couldn't have occurred without money
The Financial Action Task Force (FATF) has strongly condemned the April 22 terror attack in Jammu and Kashmir's Pahalgam that killed 26 people, saying the assault could not have happened without financial backing and the ability to move funds across terror a statement, the global terror financing watchdog, which removed Pakistan from the grey list in 2022, said that "money movement" was central to terrorism and such attacks, including the one in Pahalgam, would not be mention of the Pahalgam attack by the FATF is rare and significant, and lends weight to India's assertion that Pakistan-backed terror groups were involved in various terror attacks in India. This also indicates the global recognition of the threat of cross-border terrorism in India, and the critical role of financial flows in sustaining terror operations. The FATF's condemnation of the Pahalgam attack could help India push to include Pakistan again in the grey list, along with evidence and arguments that Islamabad has failed to take action against terror networks operating on its soil since statement indirectly underlined Pakistan-based terror financing routes, as India has consistently highlighted the use of hawala, NGOs and digital tools like cryptocurrency by terror groups operating from across the Paris-based watchdog flagged new-age risks such as the abuse of social media, crowdfunding and virtual assets - tools increasingly being used to bypass traditional surveillance statement may help India push for tighter international scrutiny of Pakistan's commitments under FATF's grey list was earlier in the grey list (a designation indicating a country under increased monitoring due to weaknesses in its anti-money laundering and counter-terrorism financing systems) from 2018 to 2022. The country was removed from the grey list in has been pushing for Pakistan's return to the grey list, citing concerns about Pakistan's failure to fully implement anti-terror laws as a condition of being removed from the list. New Delhi has also been providing FATF with evidence related to Islamabad's terror infrastructure.A comprehensive report on terror financing patterns will be released by the FATF soon, highlighting global case studies. A webinar will also be held to alert public and private players to emerging FATF President Elisa de Anda Madrazo stressed the need for global unity in fighting terrorism, noting that terrorists need only one success, while countries must prevent every single InMust Watch IN THIS STORY#India-Pakistan#Jammu and Kashmir
Mint
17 minutes ago
- Mint
OPEC sees lower supply growth from rivals, keeps demand outlook steady
The Organization of the Petroleum Exporting Countries trimmed next year's forecast for supply growth from the U.S. and other rivals while keeping its oil demand expectations unchanged as it continues to ramp up production. The Vienna-based cartel expects supply from producers outside of the wider OPEC+ alliance to rise by 730,000 barrels a day in 2026, down from 800,000 barrels a day previously. U.S. oil output is projected to grow by 210,000 barrels a day, compared with previous expectations of a 280,000 barrels-a-day increase, reflecting lower capital spending and a slowdown in drilling activity. In afternoon trading in Europe, Brent crude, the international energy benchmark, stood above $73 a barrel, while the U.S. oil gauge West Texas Intermediate traded at around $72 a barrel. Oil prices spiked last week after Israel launched a series of strikes against Iran, shaking global markets and stoking fears of a regional conflict that could severely disrupt global energy flows. OPEC's latest report made no direct reference to the current conflict between Israel and Iran. The market's greatest fear is that Iran could close the Strait of Hormuz, a vital shipping chokepoint through which roughly a third of the world's oil passes. Analysts say any disruption to supply could prompt OPEC+ to adjust its strategy and bring back supply more quickly than anticipated. But the cartel–which sits on more than 5 million barrels a day of spare capacity–appears to be in wait-and-see mode and hasn't made any plans to hold an extraordinary policy meeting. OPEC+'s next meeting is currently scheduled for July 6, when members are expected to agree to another large supply increase as part of efforts to regain some market share and rein in overproducers. At the end of May, the cartel and its allies–which pump more than half of the world's crude oil–decided they will increase supply by 411,000 barrels a day for a third straight month in July. Meanwhile, OPEC's global oil-demand growth forecast remained broadly unchanged at 1.29 million barrels a day this year and 1.28 million barrels a day the next, supported by strong air-travel demand and healthy road mobility. OPEC also kept its estimates for global economic growth steady, saying that while trade-related distortions are expected to ease, some tariff risks might persist. Overall OPEC crude-oil production rose by 183,000 barrels a day to 27.02 million barrels a day last month, driven by Saudi Arabia. The total production of countries participating in the Declaration of Cooperation–or DoC, the cartel's formal name for OPEC+–increased by 180,000 barrels a day to 41.23 million barrels a day. Output from Kazakhstan, which has repeatedly created tensions within the group by exceeding its production quotas, fell by 21,000 barrels a day last month to 1.80 million barrels a day. Write to Giulia Petroni at
