Patil Automation, a company specialising in customised automation solutions, is set to raise approximately Rs 70 crore through its initial public offering (IPO). The IPO will be available for subscription from June 16 to June 18, with shares priced between Rs 114 and Rs 120 each. These shares will be listed on the NSE’s SME platform, Emerge.

The Pune-based firm aims to generate Rs 69.61 crore by issuing 58.01 lakh new shares. The funds raised will be allocated for capital expenditure on a new manufacturing facility, debt repayment, and general corporate purposes.

Focus on Growth and Expansion

Manoj Patil, Managing Director of Patil Automation, stated that the IPO marks a crucial step in their long-term strategy. “The capital raised will be deployed towards setting up a new manufacturing facility, enabling us to meet rising demand, especially in the electric vehicle segment and defence. It will provide financial flexibility to support future growth,” he said.

Patil Automation is known for designing and producing fully automated robotic lines and custom automation solutions. Their services cater to various sectors such as automotive, electric vehicles (EVs), defence, and agricultural machinery. The company’s clientele includes automotive original equipment manufacturers (OEMs), Tier I suppliers, and component manufacturers.

Financial Performance and Management

In the fiscal year 2025, Patil Automation reported a revenue of Rs 118.05 crore and a profit after tax of Rs 11.70 crore. This financial performance underscores the company’s robust market presence and potential for future growth.

Seren Capital is serving as the sole book-running lead manager for this IPO, while Purva Sharegistry India has been appointed as the registrar. These roles are crucial in ensuring the smooth execution of the IPO process.

The upcoming IPO represents a significant opportunity for Patil Automation to enhance its operational capabilities and expand its market reach. By investing in new facilities and reducing debt, the company positions itself to better serve its clients across various industries.

With inputs from PTI