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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 ₹50.00 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). The minimum lot size investment for 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 Date | April 5, 2023 to April 12, 2023 |
| Listing Date | April 21, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹50 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 24,00,000 shares (aggregating up to ₹12.00 Cr) |
| Reserved for Market Maker | 1,26,000 shares Pure Broking Pvt.Ltd. (aggregating up to ₹0.6300 Cr) |
| Net Offered to Public | 22,74,000 shares (aggregating up to ₹11.37 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 53,57,187 shares |
| Share Holding Post Issue | 77,57,187 shares |
Pattech Fitwell Tube Components IPO offers total 24,00,000 shares. Out of which 11,37,000 (47.38%) allocated to NII, 11,37,000 (47.38%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,26,000 (5.25%) |
| NII (HNI) Shares Offered | 11,37,000 (47.38%) |
| Retail Shares Offered | 11,37,000 (47.38%) |
| Total Shares Offered | 24,00,000 (100.00%) |
Pattech Fitwell Tube IPO opens on April 5, 2023, and closes on April 12, 2023.
| IPO Open Date | Wed, Apr 5, 2023 |
| IPO Close Date | Wed, Apr 12, 2023 |
| Tentative Allotment | Tue, Apr 18, 2023 |
| Initiation of Refunds | Wed, Apr 19, 2023 |
| Credit of Shares to Demat | Thu, Apr 20, 2023 |
| Tentative Listing Date | Fri, Apr 21, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Apr 12, 2023 |
Investors can bid for a minimum of 3,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 1,155.69 | 2,038.99 | 7.74 | 190.05 | 0.00 | 867.72 |
| 31-Mar-21 | 1,386.66 | 1,844.93 | -1.16 | 321.11 | 0.00 | 976.32 |
| 31-Mar-22 | 2,530.38 | 2,262.87 | 144.45 | 563.06 | 0.00 | 1,663.56 |
| 21-Aug-22 | 2,572.07 | 968.72 | 34.76 | 569.71 | 0.00 | 1,456.31 |
| 30-Nov-22 | 2,661.01 | 1,137.66 | 19.69 | 529.11 | 19.69 | 1,745.92 |
| Amount in ₹ Lakhs | ||||||
The market capitalization of Pattech Fitwell Tube IPO is ₹38.79 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 46.73 |
The Company proposes to utilize the Net Proceeds from the Issue towards the following objects:
[Dilip Davda] The company got converted from a partnership firm to a public limited company in August 2022. Its financial data is not in line with the asking price. It is operating in a highly competitive and fragmented segment. Based on its current super working the issue is exorbitantly priced. There is no harm in skipping this pricey issue. Read detail review...
| Listing Date | April 21, 2023 |
| BSE Script Code | |
| NSE Symbol | PATTECH |
| ISIN | INE0NZW01014 |
| Final Issue Price | ₹50 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹50.00 |
| Open | ₹60.00 |
| Low | ₹57.60 |
| High | ₹60.55 |
| Last Trade | ₹57.60 |
Pattech Fitwell Tube Components Ltd.
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, Gujarat, 391243
Phone: (0265) 2830151
Email: cs@pftcpipefittings.com
Website: https://www.pftcpipefittings.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Pattech Fitwell Tube IPO is a SME IPO of 24,00,000 equity shares of the face value of ₹10 aggregating up to ₹12.00 Crores. The issue is priced at ₹50 per share. The minimum order quantity is 3000.
The IPO opens on April 5, 2023, and closes on April 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 April 5, 2023 and closes on April 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 Thursday, April 20, 2023. Check the Pattech Fitwell Tube IPO allotment status.
The Pattech Fitwell Tube IPO listing date is on Friday, April 21, 2023.
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