Fixed Price IPO | ₹12 Cr | Listed at NSE SME | Wed, Apr 5, 2023 - Wed, Apr 12, 2023
Pattech Fitwell Tube IPO is a fixed price issue of ₹12.00 crores. The issue is entirely a fresh issue of 0.24 crore shares of ₹12.00 crore.
Pattech Fitwell Tube IPO bidding started from Apr 5, 2023 and ended on Apr 12, 2023. The allotment for Pattech Fitwell Tube IPO was finalized on Apr 18, 2023. The shares got listed on NSE SME on Apr 21, 2023.
Pattech Fitwell Tube IPO price is ₹50 per share. The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,50,000 (3000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (6,000 shares), amounting to ₹3,00,000.
Fedex Securities Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Pure Broking Pvt.Ltd..
Refer to Pattech Fitwell Tube IPO RHP for detailed Information.
IPO Open
Wed, Apr 5, 2023
IPO Close
Wed, Apr 12, 2023
Issue Price
₹50 per share
Market Cap (Pre-IPO)
₹38.79 Cr
| IPO Date | 5 to 12 Apr, 2023 |
| Listed on | Fri, Apr 21, 2023 |
| Face Value | ₹10 per share |
| Issue Price | ₹50 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 24,00,000 shares (agg. up to ₹12 Cr) |
| Reserved for Market Maker | 1,26,000 shares Pure Broking Pvt.Ltd. (agg. up to ₹0.6300 Cr) |
| Fresh Issue (Ex Market Maker) | 22,74,000 shares (agg. up to ₹11 Cr) |
| Net Offered to Public | 22,74,000 shares (agg. up to ₹11 Cr) |
| Share Holding Pre Issue | 53,57,187 shares |
| Share Holding Post Issue | 77,57,187 shares |
| NSE Symbol | PATTECH |
| ISIN | INE0NZW01014 |
Pattech Fitwell Tube IPO comprises a total issue size of 24,00,000 shares. The net offer to the public is 22,74,000 shares, after excluding 1,26,000 shares allotted on a firm basis. Of the Net offer 11,37,000 (50.00%) allocated to NII 11,37,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 11,37,000 | 50.00% | 47.38% |
| Retail Shares Offered | 11,37,000 | 50.00% | 47.38% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,26,000 | 5.25% | |
| Total Shares Offered | 24,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,50,000 |
| Retail (Max) | 1 | 3,000 | ₹1,50,000 |
| HNI (Min) | 2 | 6,000 | ₹3,00,000 |
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.
| Period Ended | 30 Nov 2022 | 21 Aug 2022 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|---|
| Assets | 26.61 | 25.72 | 25.30 | 13.87 | 11.56 |
| Total Income | 11.38 | 9.69 | 22.63 | 18.45 | 20.39 |
| Profit After Tax | 0.20 | 0.35 | 1.44 | -0.01 | 0.08 |
| NET Worth | 5.29 | 5.70 | 5.63 | 3.21 | 1.90 |
| Reserves and Surplus | 0.20 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Borrowing | 17.46 | 14.56 | 16.64 | 9.76 | 8.68 |
| Amount in ₹ Crore | |||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding our working capital requirements; and | 8.65 |
| 2 | General corporate purposes | 2.64 |
| KPI | |
|---|---|
| ROE | 25.66 |
| ROCE | 11 |
| PAT Margin | 6.49% |
| EBITDA Margin | 10.79% |
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 46.73 | |
| Promoter Holding | 100% | 69.06% |
| Market Cap | ₹38.79 Cr. |
The Pattech Fitwell Tube Components IPO is subscribed 1.97 times on April 12, 2023 7:30:00 PM (Day 5). The public issue subscribed 1.9 times in the retail category, [.] times in the QIB category, and 2.05 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 2.05 | 12,00,000 | 24,57,000 |
| Retail | 1.9 | 12,00,000 | 22,80,000 |
| Total | 1.97 | 24,00,000 | 47,37,000 |
Total Application : 760
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manager Fees including Underwriting Commission | 0.20 |
| 2 | Registrar to the Issue | 0.01 |
| 3 | Legal Advisors | 0.01 |
| 4 | Advertising and marketing Expenses | 0.06 |
| 5 | Regulators including Stock Exchange | 0.09 |
| 6 | Printing and Distribution of issue stationery | 0.06 |
| 7 | Others fees payable to Marketing & distribution expenses, Selling Commission, Brokerage, Processing fees, Underwriter, Market Maker and Miscellaneous Fees etc | 0.28 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹50.00 |
| Open | ₹55.00 |
| Low | ₹52.55 |
| High | ₹57.75 |
| Last Trade | ₹57.75 |
Lead Manager Reports
Pattech Fitwell Tube IPO is a SME IPO of 24,00,000 equity shares of the face value of ₹10 aggregating up to ₹12 Crores. The issue is priced at ₹50 per share. The minimum order quantity is 3000.
The IPO opens on Wed, Apr 5, 2023, and closes on Wed, Apr 12, 2023.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Pattech Fitwell Tube IPO using UPI as a payment gateway. Zerodha customers can apply in Pattech Fitwell Tube IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Pattech Fitwell Tube IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Pattech Fitwell Tube IPO opens on Wed, Apr 5, 2023 and closes on Wed, Apr 12, 2023.
Pattech Fitwell Tube IPO lot size is 3000, and the minimum amount required for application is ₹1,50,000.
You can apply in Pattech Fitwell Tube IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Pattech Fitwell Tube IPO will be done on Tuesday, April 18, 2023, and the allotted shares will be credited to your demat account by Thu, Apr 20, 2023. Check the Pattech Fitwell Tube IPO allotment status.
The Pattech Fitwell Tube IPO listing date is on Fri, Apr 21, 2023.
