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Pattech Fitwell Tube Components IPO is a fixed price issue of Rs 12.00 crores. The issue is entirely a fresh issue of 24 lakh shares.
Pattech Fitwell Tube Components IPO bidding started from April 5, 2023 and ended on April 12, 2023. The allotment for Pattech Fitwell Tube Components IPO was finalized on Tuesday, April 18, 2023. The shares got listed on NSE SME on April 21, 2023.
Pattech Fitwell Tube Components IPO price is ₹50 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹150,000. The minimum lot size investment for HNI is 2 lots (6,000 shares) amounting to ₹300,000.
Fedex Securities Pvt Ltd is the book running lead manager of the Pattech Fitwell Tube Components IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Pattech Fitwell Tube Components IPO is Pure Broking.
Refer to Pattech Fitwell Tube Components IPO RHP for detailed information.
| IPO Date | April 5, 2023 to April 12, 2023 |
| Listing Date | April 21, 2023 |
| Face Value | ₹10 per share |
| Price | ₹50 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 2,400,000 shares (aggregating up to ₹12.00 Cr) |
| Fresh Issue | 2,400,000 shares (aggregating up to ₹12.00 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 5,357,187 |
| Share holding post issue | 7,757,187 |
| Market Maker portion | 126,000 shares Pure Broking |
Pattech Fitwell Tube Components IPO offers 2,526,000 shares. 1,200,000 (47.51%) to NII, 1,200,000 (47.51%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 126,000 (4.99%) |
| Other Shares Offered | 1,200,000 (47.51%) |
| Retail Shares Offered | 1,200,000 (47.51%) |
| Total Shares Offered | 2,526,000 (100%) |
Pattech Fitwell Tube Components IPO opens on April 5, 2023, and closes on April 12, 2023.
| IPO Open Date | Wednesday, April 5, 2023 |
| IPO Close Date | Wednesday, April 12, 2023 |
| Basis of Allotment | Tuesday, April 18, 2023 |
| Initiation of Refunds | Wednesday, April 19, 2023 |
| Credit of Shares to Demat | Thursday, April 20, 2023 |
| Listing Date | Friday, April 21, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 12, 2023 |
Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹150,000 |
| Retail (Max) | 1 | 3000 | ₹150,000 |
| HNI (Min) | 2 | 6,000 | ₹300,000 |
| Lot Size Calculator | |||
Bharatbhai Jivrajbhai Limbani and Jaysukhbhai Popatbhai Limbani are the Promoters of our Company.
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 69.06% |
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 Components IPO is Rs 38.79 Cr.
| KPI | Values |
|---|---|
| ROE | 25.66% |
| ROCE | 11.00% |
| 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...
The Pattech Fitwell Tube Components IPO is subscribed 1.97 times on April 12, 2023 7:30:00 PM. The public issue subscribed 1.90 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) |
|---|---|
| Other | 2.05 |
| Retail | 1.90 |
| Total | 1.97 |
Total Application : 760 (2.01 times)
| Listing Date | April 21, 2023 |
| BSE Script Code | |
| NSE Symbol | PATTECH |
| ISIN | INE0NZW01014 |
| Final Issue Price | ₹50 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹50.00 |
| ₹60.00 |
| ₹57.60 |
| ₹60.55 |
| ₹57.60 |
Pattech Fitwell Tube Components Limited
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 – 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
SME Company Owners
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Check our SME IPO Guide 
Pattech Fitwell Tube Components IPO is a SME IPO of 2,400,000 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 Shares.
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 Components IPO using UPI as a payment gateway. Zerodha customers can apply in Pattech Fitwell Tube Components IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Pattech Fitwell Tube Components IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Pattech Fitwell Tube Components IPO opens on April 5, 2023 and closes on April 12, 2023.
Pattech Fitwell Tube Components IPO lot size is 3000 Shares, and the minimum amount required is ₹150,000.
You can apply in Pattech Fitwell Tube Components IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Pattech Fitwell Tube Components 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 Components IPO allotment status.
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