Pattech Fitwell Tube Components Limited IPO Detail
Incorporated in 2022, Pattech Fitwell Tube Components Limited commenced its journey a decade ago in the year 2012. The company is engaged in the manufacturing of forging products for the non-automotive sector.
Pattech Fitwell has a total installed capacity of 14104.13 MTPA for manufacturing forged flanges, complex and specialized machined components, welded assemblies in the area of open die forgings. They convert semifinished/raw products to finished products by carrying out various value-added processes like forming, bending, drilling, cutting, inspection, polishing, painting, blasting, welding, punching, marking, testing, and packaging.
Company Promoters
Bharatbhai Jivrajbhai Limbani and Jaysukhbhai Popatbhai LimbaniIPO Details
| IPO Opening Date | Apr 05, 2023 |
| IPO Closing Date | Apr 12, 2023 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹50 per equity share |
| Market Lot | 3000 Shares |
| Min Order Quantity | 3000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹12.00 Cr |
| Fresh Issue | ₹12.00 Cr |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 1.70x | 0.77x | 1.23x | |
| Day 2 | - | - | 2.05x | 1.90x | 1.97x |
IPO Tentative Timetable
The Pattech Fitwell Tube Components Limited IPO open date is Apr 05, 2023, and the close date is Apr 12, 2023. The issue may list on Apr 21, 2023.
| IPO Open Date | Apr 05, 2023 |
| IPO Close Date | Apr 12, 2023 |
| Basis of Allotment Date | Apr 18, 2023 |
| Initiation of Refunds | Apr 19, 2023 |
| Credit of Shares to Demat Account | Apr 20, 2023 |
| IPO Listing Date | Apr 21, 2023 |
IPO Lot Size
The Pattech Fitwell Tube Components Limited IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹150000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 3000 | ₹150000 |
| Maximum | 1 | 3000 | ₹150000 |
IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-20 | 1,155.69 | 2,038.99 | 7.74 |
| 31-Mar-21 | 1,386.66 | 1,844.93 | -1.16 |
| 31-Mar-22 | 2,530.38 | 2,262.87 | 144.45 |
| 30-Nov-22 | 2,661.01 | 1,137.66 | 19.69 |
Objects of the Issue:
The Company proposes to utilize the Net Proceeds from the Issue towards the following objects:
- Funding our working capital requirements;
- General corporate purposes
Pattech Fitwell Tube Components Limited IPO Registrar:
Bigshare Services Pvt Ltd
Pattech Fitwell Tube Components Limited IPO Lead Manager(s):
Fedex Securities Limited
Company Contact Information:
Pattech Fitwell Tube Components Limited
Survey No.873/B/1, RD No: 1, Ansons Limbani Estate
Nr. GETCO 66K.V. Sub Station, G.I.D.C, Por, N.H-08
Vadodara – 391243
