Patil Automation Limited, a provider of industrial automation solutions, is gearing up for its stock market debut with an Initial Public Offering (IPO) worth ₹69.61 crores. This offering comprises a completely fresh issue of 58.01 lakh equity shares. The IPO will open for subscription on June 16, 2025, and close on June 18, 2025, with the company scheduled to list on the NSE SME platform on Monday, June 23, 2025.
The equity shares, with a face value of ₹10 each, are being offered at a price band of ₹114 to ₹120 per share. The lot size is set at 1,200 shares. Retail investors can participate with a minimum investment of ₹1,44,000 (1 lot), while High Net-worth Individuals (HNIs) can subscribe starting from ₹2,88,000 (2 lots). Share allotment is expected to be finalized by June 19, 2025. As Patil Automation Limited steps into the public market, it presents a promising opportunity for investors looking to tap into India's growing automotive and industrial automation space.
Patil Automation Limited IPO is a fundraise worth ₹69.61 crores comprising purely of a fresh issue with 58.01 lakh shares reserved for the market maker Mansi Share & Stock Broking Private Limited. Qualified Institutional Buyers are being offered not more than 50% of the net issue, retail investors are being offered not less than 35% of the net issue and Non-Institutional Investors (NIIs) / High Net-worth Individuals (HNIs) are being offered not less than 15% of the net issue. The IPO will be available for subscription from June 16, 2025, to June 18, 2025, providing an opportunity for investors looking to gain a stake in the industrial automation sector.
| Patil Automation IPO date | June 16, 2025 - June 18, 2025 |
| Price band | ₹114 to ₹120 per share |
| Face value | ₹10 per share |
| Lot size | 1,200 shares |
| Issue type | Book Built Issue IPO |
| Fresh issue size | 58,00,800 shares amounting to ₹69.61 crores |
| Total issue size | 58,00,800 shares amounting to ₹69.61 crores |
| Listing at | NSE SME |
| Market maker portion | 2,92,800 - Mansi Share & Stock Broking Private Limited |
| Shareholding post-issue | 2,18,20,800 shares |
| Shareholding pre-issue | 1,60,20,000 shares |
The Patil Automation Limited IPO opens for subscription on June 16, 2025, and closes on June 18, 2025, with allotment scheduled for June 19, 2025.
| IPO open date | June 16, 2025 (Monday) |
| IPO close date | June 18, 2025 (Wednesday) |
| Basis of allotment | June 19, 2025 (Thursday) |
| Initiation of refunds | June 20, 2025 (Friday) |
| Credit of shares to Demat account | June 20, 2025 (Friday) |
| Listing date on NSE SME | June 23, 2025 (Monday) |
| Cut-off time for UPI mandate confirmation | 5 PM on June 18, 2025 (Wednesday) |
Established in 2015, Patil Automation Limited is a leading provider of welding and line automation solutions in India. With five operational facilities—two of which are located in Pune—the company operates across a total area of 460,000 sq. ft. It offers end-to-end automation services, including the design, manufacturing, testing, and installation of customized systems such as welding lines (spot, MIG, TIG), assembly lines, auto handling systems, gantries, production setups, and special-purpose machines tailored to specific industry needs.
The company’s extensive product portfolio covers Robotic Welding Systems, Spot Welding Systems, Arc Welding Solutions, Resistance Welding Systems, and Automated Car Body Assembly Lines. It also offers precision solutions like Engine and Transmission Assembly Systems, Electrical and Electronics Assembly Lines, Conveyor Systems, Robotic Gantries, Automated Guided Vehicles (AGVs), Vision Inspection Systems, Leak Testing Machines, and End-of-Line Testing Systems. As of March 31, 2025, Patil Automation has a workforce comprising 244 full-time employees and approximately 256 contract laborers, and its products are sold across 10 Indian states, including Maharashtra, Haryana, Karnataka, Gujarat, Madhya Pradesh, and Tamil Nadu.
Patil Automation Limited plans to utilize the net proceeds from its IPO for key strategic purposes, including ₹62.01 crores towards capital expenditure for setting up a new manufacturing facility, ₹4 crores for the repayment of certain existing borrowings, and the remaining funds for general corporate purposes.
The Patil Automation IPO has caught the eyes of investors as the company reportedly saw an annual rise of 3% in its revenue and 49% yearly increase in the Profit After Tax (PAT), during the financial year ended March 31, 2024.
As of July 31, 2024, the key performance indicators reflect the company's financial health with a Return on Equity of 27.28%, Return on Capital Employed (ROCE) at 21.62% and a Debt-to-Equity ratio of 0.43. The Return on Net-Worth (RoNW) stands at 21.80%, and the PAT Margin was 9.91. The Price to Book Value was 3.43. The company’s market capitalisation is ₹261.85 crore.
| Period Ended | March 31, 2025 | March 31, 2024 | March 31, 2023 |
| Revenue | 122.04 | 118.72 | 82.35 |
| Assets | 115.35 | 91.77 | 94.04 |
| Net Worth | 53.69 | 32.10 | 24.27 |
| Profit After Tax | 11.70 | 7.84 | 4.20 |
| Reserves & Surplus | 37.67 | 27.06 | 19.23 |
| Total Borrowing | 22.93 | 23.13 | 32.65 |
Amount in ₹ crores
The pre-IPO EPS is at ₹7.30 while the post-IPO EPS will be ₹5.36. Similarly, the pre-IPO Price to Earnings ratio is 16.43 and will become 22.38 post-IPO.
As of September 30, 2024, Patil Automation Limited has a dedicated team of 42 design and development professionals focused on creating customized automation systems for its clients. The company leverages advanced software tools such as E-PLAN, Deimia, CATIA V5, AutoCAD, Process Simulate, and Solid Edge to deliver precise mechanical and electrical designs. It operates two manufacturing facilities in MIDC Chakan, Pune, covering a combined built-up area of approximately 109,000 sq. ft. These units are equipped with modern machinery including CNC bending machines, laser and plasma cutting machines, milling and surface grinding machines, and coordinate measuring machines (CMM).
Patil Automation holds ISO 9001:2015 certification for quality management, ISO 45001:2018 for occupational health and safety, and ISO 14001:2015 for environmental management. In FY24, the company reported receiving repeat orders from multiple clients and has been recognized with accolades such as the Best Supplier Award, Exceptional Performance Award, and Best Tech-Savvy Partner Award. Its customer base includes OEMs, Tier I suppliers, and electric vehicle manufacturers across 10 Indian states. Beyond manufacturing, the company also provides end-to-end support services, including installation, modification, repairs, and manpower assistance.
Patil Automation Limited derives a significant majority of its revenue from automotive sector clients accounting for 95.22%, 97.46%, 98.30%, and 99.10% in FY22, FY23, FY24, and the half-year ended September 30, 2024, respectively. This heavy reliance exposes the company to sector-specific risks such as slowdowns in vehicle sales, regulatory changes, or disruptions in the automotive supply chain, all of which could negatively affect its financial performance. Additionally, the company’s top 10 customers contributed 64.10% to revenue in the half-year ended September 30, 2024, and 86.08%, 79.51%, and 70.88% in FY22, FY23, and FY24, respectively. The loss of any key customer or inability to expand the customer base could adversely impact the company’s revenue and financial stability. Revenue concentration is also evident in its product portfolio, with welding lines alone contributing over 70% of operating revenue across the same periods. A decline in demand or increased competition in this segment could significantly impact business performance.
On the supply side, the company’s top 10 suppliers accounted for over 46% of total purchases in recent years, making it vulnerable to price fluctuations, quality issues, or supply chain disruptions particularly as long-term contracts are absent. Patil Automation also faces operational risks due to its dependence on two manufacturing units located in Village Sudumbre, Pune; any disruption at this single location could result in substantial production delays. Legal proceedings involving the company, its promoters, or directors pose additional uncertainties. Financially, the company has recorded negative cash flows from operations in FY22 (₹1.03 crore) and the half-year ending September 30, 2024 (₹6.32 crore), and continues to manage trade receivables of ₹26.88 crore. If such trends persist, the company may face liquidity constraints. Furthermore, with a production capacity utilization of 83.51% as of September 30, 2024, against an installed capacity of 2,304 units, any inability to scale operations effectively may lead to inefficiencies. As of the same date, the company also had outstanding debt of ₹15.46 crore, and any default in repayment could impact its financial health.
Investing early in the IPO of Patil Automation Limited offers a potential opportunity to be part of the company’s growth journey within the automotive automation space. However, prospective investors are advised to evaluate several key aspects, such as the company’s operational history, financial performance, industry outlook, and strategic roadmap. It's essential to align these factors with individual investment goals and risk tolerance. Reviewing the offer document thoroughly and seeking guidance from a financial advisor is recommended before making any investment decision.
What is the Patil Automation Limited IPO?
The Patil Automation Limited IPO is an NSE SME offering consisting of 58.01 lakh equity shares with a face value of ₹10, aiming to raise ₹69.61 crore. The price band has been set between ₹114 to ₹120 per share, with a minimum order quantity of 1.200 shares. This IPO will be open for subscription from June 16, 2025, to June 18, 2025. Seren Capital Private Limited is the book-running lead manager, Purva Sharegistry India Private Limited is the registrar while Mansi Share & Stock Broking Private Limited is the market maker.
When will the Patil Automation IPO open?
The Patil Automation Limited IPO will open for subscription on June 16, 2025, and will close on June 18, 2025.
When is the Patil Automation IPO listing date?
The tentative listing date for the Patil Automation Limited IPO is Monday, June 23, 2025.
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