Patil Automation is an automation solutions provider serving industrial clients, primarily in the automotive sector. They are engaged in designing, manufacturing, testing and installation of customized automation systems such as welding lines (spot welding, MIG and TIG), assembly lines, material handling machineries and special-purpose machineries, tailored to meet the specific requirements of their clients' production facilities.
Patil Automation, an Book Built Issue Issue amounting to ₹ 69.60 Crores, consisting entirely an Fresh Issue of 58.00 Lakh Shares.The subscription period for the Patil Automation IPO opens on June 16, 2025, and closes on June 18, 2025. The allotment is expected to be finalized on or about Thursday, June 19, 2025, and the shares will be listed on the NSE SME with a tentative listing date set on or about Monday, June 23, 2025.
The Share Price Band of Patil Automation IPO is set at ₹ 114 to ₹ 120 per equity share. The Market Capitalisation of the Patil Automation Limited at IPO price of ₹ 120 per equity share will be ₹ 261.84 Crores. The lot size of the IPO is 1,200 shares. Retail investors are required to invest a minimum of ₹ 1,44,000, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (2,400 shares), amounting to ₹ 2,88,000.
Seren Capital Private Limitedis the book running lead manager of the Patil Automation IPO, whilePurva Shareregistry (India) Private Limited is the registrar for the issue. Mansi Share & Stock Broking Private Limited is the Market Maker for Patil Automation IPO.
Patil Automation LimitedIPO GMP Today
The Grey Market Premium of Patil Automation Limited IPO is expected to be ₹ 15 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only
Patil Automation LimitedIPO Live Subscription Status Today: Real-Time Update
As of 07:00 PM on 19 June, 2025, the Patil Automation Limited IPO live subscription status shows that the IPO subscribed 94.34 times on Final Day of subscription period. Check the Patil Automation IPO Live Subscription Status Today at NSE.
Patil Automation LimitedDay Wise IPO GMP Trend
Date
IPO Price
Expected Listing Price
GMP
Last Updated
10 June 2025
₹ 120
₹ 135
₹ 15 (12.50%)
11:00 AM; 10 June 2025
Patil Automation Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online Patil Automation IPO allotment date is 19 June, 2025, Thursday. Patil Automation IPO Allotment will be out on 19th June, 2025 and will be live on Registrar Website from the allotment date.Check Patil Automation IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Patil AutomationLimited IPO from the dropdown list of IPOs
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.
Objectives of Patil Automation LimitedIPO
Patil Automation proposes to utilise the Net Proceeds towards the following objects: 1. ₹ 6,200.61 Lakh is required for funding of capital expenditure towards setup of a new manufacturing facility; 2. ₹ 400.00 Lakh is required for repayment of a portion of certain borrowings availed by the Company; and 3. General Corporate Purpose
Patil Automation, incorporated in 2015, is an automation solutions provider primarily catering to the automotive sector. The company specializes in the design, manufacturing, testing, and installation of customized automation systems such as welding lines (spot, MIG, TIG), assembly lines, material handling machinery, and special-purpose machinery tailored to client-specific production needs.
The client base mainly includes Automotive OEMs, Tier I suppliers, and automotive component manufacturers, focusing on production setup expansion, upgrades, or repairs. Automation solutions are aimed at optimizing manufacturing processes and reducing manual intervention. The product portfolio includes assembly fixtures, welding fixtures, robotic cells, testing and inspection systems (e.g., leak testing machines, inspection jigs and gauges), and auxiliary items, offering integrated automation solutions. The company also offers support services such as repair, maintenance, modification, and manpower support.
According to the D&B Report, industrial automation is transforming industries globally, significantly benefiting the automotive sector through enhanced production efficiency, precision, and cost-effectiveness via robotic welding and automated assembly lines.
Design operations are conducted at the Admin and Design office in Baner, Pune, including mechanical/electrical design and process simulation. As of March 31, 2025, the Design and Development team consists of 45 employees. The Sales and Marketing team, comprising 17 employees, manages operations across 10 Indian states, including Maharashtra, Haryana, Karnataka, Gujarat, Madhya Pradesh, Rajasthan, and Tamil Nadu.
As of March 31, 2025, company had 244 permanent full-time employees. Additionally, company employed approximately 256 contract laborers at our units. The Banker to the Company is ICICI Bank Limited.
Industry Analysis
Automation Solutions
The global manufacturing sector is rapidly evolving with the integration of advanced technologies and automation tools. Over the past few decades, traditional labor-intensive production has transitioned to machine-driven processes, especially in developed economies where industrial robots now handle a majority of manufacturing tasks, with human roles limited to supervision and monitoring.
Technologies such as enterprise resource planning (ERP) systems, integrated manufacturing systems, and automation software have become standard in advanced manufacturing environments. While developing nations like India are still in the adoption phase, the technology gap between developed and developing economies is gradually narrowing.
This transformation is fueled not only by technological progress but also by globalization and liberalized trade regimes, which have enabled manufacturers to expand beyond borders and operate in a highly competitive global market. As a result, companies must now focus more than ever on efficiency, cost reduction, and continuous modernization to remain competitive.
Industrial automation systems are now closely linked with round-the-clock monitoring and real-time process control—practices common in developed markets but still gaining traction in India. However, with increasing awareness and competitive pressure, even Indian manufacturers are beginning to adopt such systems, especially within the organized, large-scale manufacturing segment.
A wide array of automation tools—such as PLCs (Programmable Logic Controllers), SCADA, Human Machine Interfaces (HMI), Distributed Control Systems (DCS), ANNs (Artificial Neural Networks), welding automation, and robotics—are being deployed to enhance productivity and reduce operational costs.
Transforming Landscape of the Electric Vehicle (EV) Industry
Rising fuel prices and environmental concerns have accelerated consumer interest in electric vehicles (EVs). Though EVs still cost more than internal combustion engine (ICE) vehicles, the price gap has significantly reduced in recent years, thanks to technological innovations and scale.
The electric two- and three-wheeler segments have seen robust adoption, and now the passenger vehicle (PV) segment is also shifting towards electrification, driven by fuel cost pressures and improving EV ecosystem components such as charging infrastructure, battery technology, and swapping systems.
EV sales in India recorded a major jump in FY24, with consolidated sales (e-2W and e-4W) reaching 1.035 million units, marking a 33.4% year-on-year growth. Though growth was higher in FY23 (185.9%) due to a low base, the FY24 performance reflects sustainable momentum.
India's EV revolution is largely driven by government policy interventions, notably the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME I & II), PLI schemes, and the Automobile Mission Plan 2016–26. The central government aims to electrify 30% of the vehicle fleet by 2030, making it one of the world’s most aggressive EV strategies.
EV penetration has grown from just 0.7% in 2020 to 6.3% in 2023 of total registered vehicles. FY25 (YTD) continued this momentum with a 15% year-on-year increase in overall EV sales. Two-wheelers led this growth, followed by three-wheelers, while the e-4W segment saw a temporary slowdown.
In 2023, Tata Motors dominated India’s EV market with a 72% market share, followed by MG Motors (10.8%) and Mahindra (9%), with popular models such as Tata’s Tiago, Nexon, and Tigor, MG ZS, and Mahindra XUV400. Tata’s strategic partnership with Uber further supported its leadership.
Business Strengths
1. Design and Development Capabilities
The automation system design and development process focuses on delivering client-specific, efficient, and high-precision solutions. The team utilizes advanced software tools like E-PLAN, Delmia, CATIA V5, AutoCAD, Process Simulate, and Solid Edge to create customized systems. As of March 31, 2025, the design and development team includes 45 skilled employees, ensuring tailored solutions aligned with client requirements.
2. In-house Manufacturing with Integrated Testing
The company operates two in-house manufacturing units with a combined built-up area of approximately 109,000 sq. ft. These facilities are equipped with CNC bending machines, plasma/oxyfuel/laser cutting machines, milling, jig boring, and surface grinding machines, along with comprehensive testing equipment. Testing capabilities include dimensional measurement, weld penetration analysis, and material strength evaluation, supported by CMM systems, enabling consistent quality control and efficient inventory and production management.
3. Customer Recognition and Repeat Business
In Fiscal 2025, products were supplied to over 52 customers, including Automotive OEMs, Tier I suppliers, EV manufacturers, and component producers, across 10 Indian states. Multiple clients have placed repeat orders, and recognitions include Best Supplier Award, Exceptional Performance Award, Best Tech-Savvy Partner Award, and other Appreciation Awards.
4. Experienced Leadership and Strong Management
The company is led by experienced promoters, including Manoj Pandurang Patil (Managing Director with 25+ years of industry experience) and Prafulla Pandurang Patil (Executive Director and CFO with 28+ years of experience, including 9 years in financial management). The leadership is supported by a competent technical, commercial, and senior management team, enabling strategic growth and execution aligned with evolving market opportunities.
Business Strategies
1. Expansion of Production Capabilities
Plans are in place to establish a new manufacturing facility to support growing demand. As per the D&B Report, the Indian industrial automation solutions industry is projected to grow from USD 15.12 billion in 2024 to USD 29.43 billion by 2029, at a CAGR of 14.2%. Increased adoption of robotic welding systems across sectors such as automotive, heavy engineering, and large-scale fabrication is driving demand for automation solutions.
2. Diversification into Non-Automotive Sectors
Industrial robots are increasingly being adopted in electronics, pharmaceuticals, and consumer goods, beyond the automotive sector. These industries utilize automation for assembly, welding, packaging, and quality inspection, enabling high precision, improved productivity, and quality consistency.
3. Growth in Electric Vehicle (EV) Automation
With the rapid rise of electric vehicle (EV) manufacturing, the demand for specialized automation systems is growing. EV production requires high-precision systems capable of handling batteries, electronic control units, and smart material handling, making it a key growth area for industrial automation.
4. Emphasis on Quality Standards
Maintaining high-quality automation systems remains a core focus. This includes continuous process reviews, rigorous quality checks, and timely corrective actions to ensure that solutions consistently meet client expectations and industry standards.
Business Risk Factors and Concerns
1. High Dependency on Automotive Sector
A significant portion of revenue is derived from clients in the automotive industry, including OEMs, Tier I suppliers, and component manufacturers. Any adverse developments in the automotive sector may directly impact sales and profitability.
2. Revenue Concentration in Welding Lines
The key product—Welding Lines—contributed 65.59%, 74.23%, and 77.45% of operating revenue in Fiscal 2025, 2024, and 2023, respectively. A decline in sales of this core product due to competition, pricing pressure, or shifting demand could significantly affect business performance. Inability to adapt to technological changes or evolving client needs poses further risk.
3. Geographic Concentration of Operations
Manufacturing operations are confined to Unit I and II in Pune district, making them vulnerable to regional risks such as natural disasters, civil unrest, economic shifts, and logistical disruptions. Such events could hinder production, transport, and overall operations.
4. Customization-Driven Operational Risks
Each automation solution is custom-designed per client specifications, making it non-reusable across other models or clients. This results in long project cycles, high working capital requirements, and significant human resource allocation. Any inefficiency in managing such complex projects may negatively affect revenue, profitability, and reputation.
Patil Automation faces business risks from sector dependency, product concentration, geographic vulnerabilities, and a highly customized, non-repetitive project model. These factors could impact operational continuity, financial health, and growth prospects if not managed effectively.
Patil Automation Limited Financial Information (Restated Consolidated)
Amount in (₹ in Lakh)
Period Ended
Mar 31, 2025
Mar 31, 2024
Mar 31, 2023
Mar 31, 2022
Reserve of Surplus
3,766.84
2,706.24
1,922.52
1,502.67
Total Assets
11,534.94
9,177.04
9,404.05
6,680.33
Total Borrowings
2,293.28
2,312.90
3,265.30
1,524.53
Fixed Assets
1,303.46
1,591.68
1,381.11
1,389.88
Cash
2,063.13
1,728.74
2,467.91
659.05
Net Borrowing
230.15
584.16
797.39
865.48
Revenue
12,204.45
11,871.51
8,235.46
9,709.33
EBITDA
1,926.28
1,594.16
925.65
1,095.77
PAT
1,170.21
783.72
419.84
545.91
EPS
7.62
5.18
2.78
3.61
Note 1:- RoE, ROCE & RoNW calculation in KPI is based on 31st Mar, 2025 Data, given in RHP. Note 2:- Pre EPS and Post EPS calculation in KPI is based (Profit/Loss for the Year) on 31st Mar, 2025 Data, given in RHP. Note 3:- RoNW calculation in KPI is based on 31st Mar, 2025 Data, given in RHP. Note 4:- Price to Book Value calculation in KPI is based on 31st March, 2025 Data, given in RHP.
Key Performance Indicator
KPI
Values
EPS Pre IPO (Rs.)
₹ 7.62
EPS Post IPO (Rs.)
₹ 5.36
P/E Pre IPO
15.74
P/E Post IPO
22.38
ROE
27.28 %
ROCE
21.62 %
P/BV
3.43
Debt/Equity
0.43
RoNW
27.80 %
Patil Automation Limited IPO Peer Comparison
Company Name
EPS
ROCE
ROE
P/E (x)
P/Bv
Debt/Equity
RoNW (%)
Patil Automation Limited
₹ 5.36
21.62 %
27.28 %
22.38
3.43
0.43
21.80 %
Affordable Robotic & Automation Limited
₹ -10.4
-2.64 %
-10.9 %
-
4.92
0.55
-10.9 %
Patil Automation Limited Contact Details
PATIL AUTOMATION LIMITED
Gat no. 154, behind G.E. Company, Village Sudumbre, Tehsil Maval, District Pune, Maharashtra – 412-109 Contact Person : Niharika Shamindra Singhal Telephone : +91-9168338383 Email : info@patilautomation.com Website : https://patilautomation.com/
Patil Automation IPO Registrar and Lead Manager(s)
Lead Manager : Seren Capital Private Limited Contact Person : Akun Goyal / Akshita Agarwal Telephone : +91- 22- 46011058 Email : info@serencapital.in Website : https://serencapital.in/
Patil Automation IPO Review
Patil Automation is an automation solutions provider serving industrial clients, primarily in the automotive sector. They are engaged in designing, manufacturing, testing and installation of customized automation systems such as welding lines (spot welding, MIG and TIG), assembly lines, material handling machineries and special-purpose machineries, tailored to meet the specific requirements of their clients' production facilities.
The company have an experienced management team led by the Directors and Promoters, including Manoj Pandurang Patil and Prafulla Pandurang Patil. Manoj Pandurang Patil, the Promoter and Managing Director, has over 25 years of experience in the automation industry and has been the driving force behind the Company's growth, playing a pivotal role in strategic decision-making and managing overall business operations.
The Revenues from operations for the period ended on Mar 31, 2025, Fiscals ended 2024, 2023 and 2022 were ₹ 12,204.45 Lakh, ₹ 11,871.51 Lakh, ₹ 8,235.46 Lakh and ₹ 9,709.33 Lakh respectively. The EBITDA for the period ended on Mar 31, 2025, Fiscals ended 2024, 2023 and 2022 were ₹ 1,926.28 Lakh, ₹ 1,594.16 Lakh, ₹ 925.65 Lakh, and ₹ 1,095.77 Lakh, respectively. The Profit after Tax for the period ended on Mar 31, 2025, Fiscals ended 2024, 2023 and 2022 were ₹ 1,170.21 Lakh, ₹ 783.72 Lakh, ₹ 419.84 Lakh, and ₹ 545.91 Lakh respectively. This indicates a steady growth in financial performance.
The Company Key Performance Indicates the pre-issue EPS of ₹7.62 and post-issue EPS of ₹ 5.36 for FY24.The pre-issue P/E ratio is 15.74x, while the post-issue P/E ratio is 22.38x. The company's ROCE for FY24 is 21.62%, ROE for FY24 is 27.28% and RoNW is 21.80%. These metrics suggest that the IPO is fairly priced.
The Grey Market Premium (GMP) of Patil Automation showing listing gains of 12.50 %. Given the company's financial performance and the valuation of the IPO, we recommend Risky Investors to Apply to the Patil Automation Limited IPO for Listing gain.
Disclaimer: The information provided in this IPO review is for educational and informational purposes only and should not be construed as financial advice or an offer to buy or sell securities. The review must not be used as a singular basis of any investment decision. The views herein are of a general nature and do not consider the risk appetite or the particular circumstances of an individual investor; readers are requested to take professional advice before investing. Nothing in this document should be construed as investment advice. The content is based on publicly available information and market perceptions as of the date of publication and is subject to change. Neither the author nor the website is responsible for any losses or damages arising from the use of this information. 1.“Registration granted by SEBI, membership of a SEBI recognized supervisory body (if any) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.” 2. “Investment in securities market are subject to market risks. Read all the related documents carefully before investing.” 3. To read the Disclaimers, Disclosures, Investor Charter, Investor Complaints please visit our website abhayvarn.com
About the Author
CA Abhay Kumar (Also known as CA Abhay Varn) is a qualified Chartered Accountant by profession and cleared CA at age 21. He is a SEBI Registered Research Analyst with Registration Number - INH300008465. He Possesses 8+ years of experience in the Stock Market Field and has also worked in Big CA firms.
12,204.45 Lakh, ₹ 11,871.51 Lakh, ₹ 8,235.46 Lakh and ₹ 9,709.33 Lakh respectively. The EBITDA for the period ended on Mar 31, 2025, Fiscals ended 2024, 2023 and 2022 were ₹ 1,926.28 Lakh, ₹ 1,594.16 Lakh, ₹ 925.65 Lakh, and ₹ 1,095.77 Lakh, respectively. The Profit after Tax for the period ended on Mar 31, 2025, Fiscals ended 2024, 2023 and 2022 were ₹ 1,170.21 Lakh, ₹ 783.72 Lakh, ₹ 419.84 Lakh, and ₹ 545.91 Lakh respectively. This indicates a steady growth in financial performance.
The Company Key Performance Indicates the pre-issue EPS of ₹7.62 and post-issue EPS of ₹ 5.36 for FY24.The pre-issue P/E ratio is 15.74x, while the post-issue P/E ratio is 22.38x. The company's ROCE for FY24 is 21.62%, ROE for FY24 is 27.28% and RoNW is 21.80%. These metrics suggest that the IPO is fairly priced.
The Grey Market Premium (GMP) of Patil Automation showing listing gains of 12.50 %. Given the company's financial performance and the valuation of the IPO, we recommend Risky Investors to Apply to the Patil Automation Limited IPO for Listing gain.
Disclaimer: The information provided in this IPO review is for educational and informational purposes only and should not be construed as financial advice or an offer to buy or sell securities. The review must not be used as a singular basis of any investment decision. The views herein are of a general nature and do not consider the risk appetite or the particular circumstances of an individual investor; readers are requested to take professional advice before investing. Nothing in this document should be construed as investment advice. The content is based on publicly available information and market perceptions as of the date of publication and is subject to change. Neither the author nor the website is responsible for any losses or damages arising from the use of this information. 1.“Registration granted by SEBI, membership of a SEBI recognized supervisory body (if any) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.” 2. “Investment in securities market are subject to market risks. Read all the related documents carefully before investing.” 3. To read the Disclaimers, Disclosures, Investor Charter, Investor Complaints please visit our website abhayvarn.com
About the Author
CA Abhay Kumar (Also known as CA Abhay Varn) is a qualified Chartered Accountant by profession and cleared CA at age 21. He is a SEBI Registered Research Analyst with Registration Number - INH300008465. He Possesses 8+ years of experience in the Stock Market Field and has also worked in Big CA firms.
