Archive · 13 Jun 2025
Patil Automation Plans ₹70 Crore IPO
Patil Automation, a company that builds automation systems, is selling stock to the public to raise money.
They plan to sell shares for ₹114-₹120 each.
The money raised will be used to build a new factory, pay back some loans, and other business needs.
The company works with big manufacturers.
The IPO is expected to help them grow, especially in the electric vehicle and defense sectors.
Patil Automation plans to raise ₹70 crore through an IPO.
The IPO will involve the issue of 58 lakh equity shares.
The share price is set at ₹114-₹120 each.
Funds will be used to set up a new manufacturing facility, repay debt, and for general corporate purposes.
The IPO will open on Monday, with anchor bidding starting June 13 and closing on June 18.
- Who
- Patil Automation
- What
- Patil Automation is launching an IPO to raise ₹70 crore.
- When
- The IPO will open on Monday, with anchor bidding starting June 13 and closing on June 18.
- Where
- NSE Emerge
- Why
- To set up a new manufacturing facility, repay debt, and for general corporate purposes.
- Amount to be raised
- ₹70 crore
- Number of shares
- 58 lakh
- Share Price
- ₹114-₹120
- Opening Date
- Monday
- Use of Proceeds
- New Manufacturing Facility, Debt Repayment, General Corporate Purposes
Sources
IPO-bound Mangal Electrical’s net profit falls 15% in FY24 as expenses rise, shows DRHP
Upcoming IPO: Patil Automation IPO opens on June 16; issue price set at ₹114-120 apiece. Check GMP, issue details
Integrum Energy Infrastructure gets regulatory nod for IPO