Pattech Fitwell Tube Components IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Apr 12, 2023Let’s have a detailed review of the company and analytics of the Pattech Fitwell Tube Components IPO release date, IPO offer price, subscription, Pattech Fitwell Tube Components Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 50 |
| Listing At | NSE, SME |
| Min. Order Quantity | 3000 Shares |
| Listing Date | Apr 21, 2023 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs 1,200 Lakh |
| IPO Size | Rs 1,200 Lakh |
| Tick Size | 1 |
Pattech Fitwell Tube Components IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Pattech Fitwell Tube Components Share Price |
Pattech Fitwell Tube Components IPO – Summary
Their Company was originally formed as a partnership firm in the name and style of “M/s. Pat Tech Fitwell Tube Components” vide a partnership deed dated November 22, 2012.
Consequently, the firm was converted into a company under the same style as “Pattech Fitwell Tube Components Private Limited” under the Companies Act, 2013 vide certificate of incorporation dated August 22, 2022, issued by Assistant Registrar of Companies, Central Registration Centre, Ahmedabad, Gujarat.
The Promoter of this company is BHARATBHAI JIVRAJBHAI LIMBANI AND JAYSUKHBHAI POPATBHAI LIMBANI. The lead manager of the issue is FEDEX SECURITIES PRIVATE LIMITED, and the Registrar of this issue is BIG SHARE SERVICES PRIVATE LIMITED.
Pattech Fitwell Tube Components IPO Date
The opening and closing dates of Pattech Fitwell Tube Components IPO are Apr 5, 2023, and Apr 12, 2023.
Pattech Fitwell Tube Components IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 5th Apr | 1.19x | 0.06x | 0.62x |
| 2nd Day – 6th Apr | 1.38x | 0.18x | 0.78x |
| 3rd Day – 10th Apr | 1.70x | 0.45x | 1.07x |
| 4th Day – 11th Apr | 1.70x | 0.77x | 1.23x |
| 5th Day – 12th Apr | 2.05x | 1.90x | 1.97x |
| Shares Offered or Net Issue | 1,137,000 | 1,137,000 | 2,274,000 |
The shares subscribed by the public will be updated here.
Pattech Fitwell Tube Components IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Pattech Fitwell Tube Components Limited IPO Listing Date
Find the dates below on the basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Apr 18, 2023 |
| Refunds Initiation | Apr 19, 2023 |
| Credit of Shares to Demat Account | Apr 20, 2023 |
| Share Listing Date | Apr 21, 2023 |
Pattech Fitwell Tube Components IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.50
Pattech Fitwell Tube Components IPO Equity Size
This Initial Public Issue of 2,400,000 Equity Shares of Rs.10 each for cash at a price of Rs.50 per equity share aggregating to Rs.1,200 Lakh.
Pattech Fitwell Tube Components IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 2,400,000 Equity Shares of Rs.10/ each.
Issue Size: 2,400,000 Equity Shares of Rs.10 each, aggregating to Rs.1,200 Lakh
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Pattech Fitwell Tube Components IPO – Live Performance
The listing date of this IPO is Apr 21, 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Pattech Fitwell Tube Components Share Price |
Pattech Fitwell Tube Components IPO Grey Market Premium
The Pattech Fitwell Tube Components Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
Pattech Fitwell Tube Components IPO – Company Overview
Their Company was converted from a private limited company to a public limited company, pursuant to a resolution passed in the extraordinary general meeting of their Shareholders held on September 23, 2022.
Consequently, the name of their Company was changed to ‘Pattech Fitwell Tube Components Limited’, and a fresh certificate of incorporation consequent upon conversion from a private company to a public company dated October 11, 2022, was issued by the Registrar of Companies, Ahmedabad to their Company.
They are manufacturer of forging products for the non-automotive sector. They have a total installed capacity of 14104.13 MTPA for manufacturing forged flanges, complex and specialized machined components, and welded assemblies in the area of open die forgings.
Their Company converts semifinished/raw products to finished products by carrying their value-added processes such as forming, bending, drilling, cutting, inspection, polishing, painting, blasting, welding, punching, marking, testing and packaging.
They manufacture these products from carbon steel, alloy steel and stainless steel pipes, coils, plates, structures and forgings conforming to international standards.
Pattech Fitwell Tube Components IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | ||||
| 30-Nov-22 | 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Total Assets | 2661.01 | 2530.38 | 1386.66 | 1155.69 |
| *Total Revenue | 1137.6 | 2262.87 | 1844.93 | 2038.99 |
| Total Expense | 1106.48 | 2069.54 | 1848.02 | 2025.12 |
| Profit After Tax | 19.69 | 144.45 | -1.16 | 7.74 |
Earnings per Equity Share (in Lakh)
| 30-Nov-22 | 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Basic & Diluted | 0.37 | – | – | – |
Further, their PAT for the period ended on Nov 30, 2022, March 31, 2022, March 31, 2021, and March 31, 2020, were Rs. 19.69 Lakh, Rs. 144.45 Lakh, Rs. -1.16 Lakh and Rs. 7.74 Lakh respectively.
Pattech Fitwell Tube Components IPO – Promoters
The Promoter of this company is:
- BHARATBHAI JIVRAJBHAI LIMBANI
- JAYSUKHBHAI POPATBHAI LIMBANI
List of Related Parties (Key Managerial Personnel)
- BHARATBHAI JIVRAJBHAI LIMBANI, Chairman and Managing Director
- JAYSUKHBHAI POPATBHAI LIMBANI, Whole-Time Director
- RIPALBEN BHARATBHAI LIMBANI, Non–Executive Director
- BRIJAL SURESH KUMAR KACHHIA, Non-Executive Independent Director
- KEVINKUMAR BAVCHANDBHAI KHOYANI, Non-Executive Independent Director
Pattech Fitwell Tube Components IPO – Promoters Holding
- Pre-Issue Share Holding – 100.00%
- Post-Issue Share Holding – %
Pattech Fitwell Tube Components IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 24,00,000 Equity Shares aggregating up to Rs.1,200 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to [●] Equity Shares aggregating up to Rs.[●] Lakh |
| Net Issue to the Public | Up to [●] Equity Shares aggregating up to Rs.[●] Lakh |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | 53,57,187 Equity Shares |
| Equity Shares outstanding after the Issue | X Equity Shares |
Pattech Fitwell Tube Components IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. Funding their working capital requirements; and
2. General corporate purposes
Pattech Fitwell Tube Components IPO – Business Strategy
- Improve and increase operational efficiencies
- Optimal Utilization of Resources
- Enhance customer base by entering new geographies
- Focus on quality
- Increase direct supply to OEMs
Pattech Fitwell Tube IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Diversified Product portfolio;
- Experienced Management & Promoters;
- Healthy financial condition.
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-22 | NA | NA | NA |
| 31-Mar-21 | NA | NA | NA |
| Mar-20 | NA | NA | NA |
Pattech Fitwell Tube IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Pattech Fitwell Tube Components Limited | 10 | [●] | NA | NA | 2262.87 |
| Listed Peers | |||||
| NA | – | – | – | – | – |
Pattech Fitwell Tube IPO Lead Managers
| Lead Managers |
| FEDEX SECURITIES PRIVATE LIMITED B 7, 3rd Floor, Jay Chambers, Dayaldas Road, Vile Parle – [East], Mumbai – 400 057, Maharashtra, India Tel No.: +91 81049 85249 E-mail: mb@fedsec.in Website: www.fedsec.in Contact Person: Saipan Sanghvi SEBI Registration Number: INM000010163 Investor Grievance E-Mail: mb@fedsec.in |
Pattech Fitwell Tube IPO Registrar to offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED Office No. S6 – 2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road, Andheri – [East], Mumbai – 400093, Maharashtra, India. Tel No: +91 22 6263 8200 Fax No: +91 22 6263 8299 E-mail Id: ipo@bigshareonline.com Website: www.bigshareonline.com Contact Person: Babu Rapheal C SEBI Registration No: INR000001385 |
Pattech Fitwell Tube IPO – Other Details
- Statutory Auditor – M/s P. Indrajit & Associates, Chartered Accountants
- Legal Counsel to the Company – ADVOCATE JAYESH RATHOD
- Bankers to the Company – Axis Bank Limited
Pattech Fitwell Tube IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Pattech Fitwell Tube Components Limited IPO News
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News 2 – IPO RHP Prospectus Download
Pattech Fitwell Tube IPO Review FAQs
Check out various FAQs related to Pattech Fitwell Tube IPO:
What is the Issue Size of Pattech Fitwell Tube Components IPO?
The Company is making an initial public offer of 2,400,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Pattech Fitwell Tube IPO?
The price band for this particular IPO ranges between Rs 50. As far as the face value of the share is of concern, it is Rs. 10 per share.
What is the Pattech Fitwell Tube IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on Apr 5, 2023, while the closing date is set for Apr 12, 2023.
What is the Pattech Fitwell Tube IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on Apr 18, 2023, refund initiation is on Apr 19, 2023, credit of shares is on Apr 20, 2023, and share listing date is on Apr 21, 2023.
What is the Pattech Fitwell Tube Components IPO Listing Date?
Shares of this company shall be listed in the exchanges on Apr 21, 2023. The date, when the listing would be done, is stagnant on Apr 21, 2023.
Who is the Registrar of Pattech Fitwell Tube IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. BIGSHARE SERVICES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Pattech Fitwell Tube IPO?
Here are the promoters of this IPO – BHARATBHAI JIVRAJBHAI LIMBANI AND JAYSUKHBHAI POPATBHAI LIMBANI. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Pattech Fitwell Tube IPO?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is Pattech Fitwell Tube IPO good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Pattech Fitwell Tube Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2022 in Lakh is 144.45, 2021 is (1.16), and 2020 is 7.74. PAT from Nov 2022 is 19.69.
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