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.
Pattech Fitwell Tube Components IPO Details
| IPO Date | Apr 5, 2023 to Apr 12, 2023 |
| Listing Date | [.] |
| 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 |
Pattech Fitwell Tube Components IPO Reservation
| Other Shares Offered | 0 (0.00%) |
| Other Shares Offered | 1,200,000 (50.00%) |
| Retail Shares Offered | 1,200,000 (50.00%) |
| Market Maker portion | 126,000 shares (PURE BROKING PRIVATE LIMITED) |
| Total Shares Offered | 2,400,000 |
Pattech Fitwell Tube Components IPO Tentative Timetable
Pattech Fitwell Tube Components IPO opens on Apr 5, 2023, and closes on Apr 12, 2023.
| Event | Tentative Date |
|---|---|
| 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 |
| UPI Mandate Confirmation Cut-Off Time | 5.00 PM on the issue closing day |
Pattech Fitwell Tube Components IPO Lot Size
The Pattech Fitwell Tube Components IPO lot size is 3000 shares.
| 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 |
Pattech Fitwell Tube Components IPO Promoter Holding
Bharatbhai Jivrajbhai Limbani and Jaysukhbhai Popatbhai Limbani are the Promoters of our Company.
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 69.06% |
Company Financials
| 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 |
Objects of the Issue
The Company proposes to utilize the Net Proceeds from the Issue towards the following objects:
- Funding our working capital requirements;
- General corporate purposes
Pattech Fitwell Tube Components IPO Review (Avoid)
[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…
Pattech Fitwell Tube Components IPO Subscription Status (Bidding Detail)
The Pattech Fitwell Tube Components IPO is subscribed 0.81 times on Apr 10, 2023 11:15:00 AM. The public issue subscribed 0.24 times in the retail category, [.] times in the QIB category, and 1.38 times in the NII category. Check Day by Day Subscription Details (Live Status) Reload Subscription
| Category | Subscription (times) |
|---|---|
| NII | 1.38 |
| Retail | 0.24 |
| Total | 0.81 |
Total Application : 95 (0.25 times)
Pattech Fitwell Tube Components IPO Key Performance Indicator
| KPI | Values |
|---|---|
| ROE (%) | 25.66 |
| ROCE (%) | 11 |
Pattech Fitwell Tube Components IPO Prospectus
Company Contact Information
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/
Pattech Fitwell Tube Components IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/