IPO Details
Bidding Dates
05 Apr '23 - 12 Apr '23
Minimum Investment
₹150,000 / 1 Lots ( 3000 Shares )
Price Range
₹50
Maximum Investment
₹150,000 / 1 Lots ( 3000 Shares )
Retail Discount
To be announced
Issue Size
₹12.00 Cr
Investor category and sub category
Qualified Institutional Buyers | Non-Institutional Investors | Retail Individual Investors |IPO Dates
Important dates with respect to IPO allotment and listing
Opening Date
Apr 5, 2023
Closing Date
Apr 12, 2023
Basis of Allotment
Apr 18, 2023
Initiation of Refunds
Apr 19, 2023
Credit of Shares to Demat
Apr 20, 2023
Listing Date
Apr 21, 2023
Pattech Fitwell Tube Components IPO Subscription Details
| Date | NII | Retail | Total |
|---|---|---|---|
Day 1Apr 5, 2023 |
1.19 | 0.06 | 0.62 |
Day 2Apr 6, 2023 |
1.38 | 0.18 | 0.78 |
Day 3Apr 10, 2023 |
1.70 | 0.44 | 1.07 |
Day 4Apr 11, 2023 |
1.70 | 0.77 | 1.23 |
Day 5Apr 12, 2023 |
2.05 | 1.89 | 1.97 |
IPO Subscription Status Live
| Investor Category | Subscription (Times) |
|---|---|
| Qualified Institutions Buyers | [.] |
| Non-Institutional Buyers | 2.05 |
| Retail Investors | 1.89 |
| Employees | [.] |
| Other | [.] |
| Total | 1.97 |
About Company
The company started a decade ago in 2012 as a partnership firm. The current company was registered under the Companies Act 2013 vide certificate of incorporation dated August 22, 2022.
Pattech engages in manufacturing of forging products for the non-automotive sector. It has manufacturing units located in Gujarat with a total installed capacity of 14104.13 MTPA. Pattech Fitwell undertakes assignments to convert semi-finished and raw products offering value added processes of forming, bending, drilling, cutting, polishing, painting, welding, blasting etc.
Some of thestr items manufactured by Pattech Fitwell include elbow, flanges, tees, reducers, caps,pipe, spools, etc. The manufacturing unit is capable of producing standardised and customised products.
Pattech Fitwell Tube Components Ltd. IPO details
Pattech Fitwell Tube Components Ltd. IPO comprises 2,400,000 equity shares amounting to Rs. 12 crore. It is a fixed price issue type IPO with the price fixed at Rs. 30. Investors can apply for a minimum one lot of 3000 shares.
The bidding window will remain open from April 05 to April 12, 2023.
Pattech Fitwell Tube Components Ltd. IPO Objective
- The company proposes to utilise the net proceeds from the fresh issues to meet working capital requirements and general corporate purposes.
Should you invest in Pattech Fitwell Tube Components Ltd.?
- These are the top reasons to consider investing in Pattech Fitwell Tube Component Ltd.
- The company produces a wide range of forged and machine components for the non-automotive industry.
- Pattech caters to a diversified customer base- standardised and customised items.
- It has a modern, fully functional, and well-established manufacturing unit.
- The steel industry contributes 2% of the GDP, and its importance is likely to grow as India works to become a manufacturing powerhouse.
Pattech Fitwell Tube Components Ltd. Noteworthy highlights
- A strong financial record supported by a steady growth in revenue from operation and profit before tax values.
- The growth in profit was 165.25% between 2020 and 2022.
Pattech Fitwell Tube Components Company Financials
| Particulars | 8 month ending on November 30, 2022 | Year ending on March 31, 2022 | Year ending on March 31, 2021 |
|---|---|---|---|
| Revenue from Operations | 2082.40 | 2224.95 | 1833.57 |
| Profit for the period | 54.45 | 144.45 | 1.16 |
| As at November 30, 2022 | As at March 31, 2022 | As at March 31, 2021 | |
| Current Asset | 2661.01 | 2530.38 | 1386.66 |
| Current Liabilities | 2661.01 | 2530.38 | 1386.66 |
Know before investing
Strengths
3-
It’s an ISO 14001:2015 and ISO 14001:2018 certified company by Quality Control Certification from UASL, England.
-
A Team of knowledgeable promoters with extensive industry experience.
-
A diversified client list with long-term relationships.
Risks
3-
The business faces the risks of issues with suppliers, changes in price, and non-availability of raw materials.
-
A few legal cases are pending against the company promoters.
-
Failing to obtain new licences or renew the existing ones can impact the company’s operation and financials.
Login to Angel One App / Website & click on IPO
Select desired IPO & tap on "Apply"
Enter UPI ID, set quantity/price & submit
Accept mandate on the UPI app to complete the process
Login to Angel One App / Website
Choose IPO section on Home Page
Click IPO Orders
Chose the IPO application you want to view the status for
Pattech Fitwell Tube Components IPO FAQs
Pattech Fitwell Tube Components Ltd. IPO opens for subscription on April 06, 2023. The company prepares to raise Rs. 12 crore from 2,400,000 equity shares. The shares will be available at a price of Rs. 50 per share.
A minimum of one lot will contain 3000 shares.
The basis of the allotment date is April 18, 2023.
One lot of Pattech Fitwell Tube Components Ltd. IPO has 3000 shares.
The IPO will open on April 06, 2023.
Retail investors can apply for a minimum of one lot of 3000 shares.
The listing date of Pattech Fitwell Tube Components Ltd. on NSE SME is April 21, 2023.
You can check the allotment status of your IPO application from the Angel One app.
To check the allotment status, enter the application number, DP ID, and PAN number into the app.
One can’t measure listing gain before the IPO listing date. You will get the update on the listing date of Pattech Fitwell Tube Components Ltd, which is April 21, 2023.
The bank initially blocks the amount you bid for an IPO. It will debit the money when the shares are allotted or unblock the amount after the UPI mandate expiry date.
Login to your UPI handle and approve the payment mandate to complete the IPO application process.
You can submit only one application using one PAN card.
The minimum size of the application will be one lot of 3000 shares.
