Patil Automation is launching a book-built IPO worth ₹69.61 crores, comprising a fresh issue of 58.01 lakh equity shares. The subscription window opens on June 16, 2025, and closes on June 18, 2025, with allotment expected to be finalized on June 19, 2025. The shares will be listed on the NSE SME platform, with a tentative listing date of June 23, 2025.

The IPO price band is set between ₹114 and ₹120 per share. The minimum application size for retail investors is 1,200 shares, requiring an investment of approximately ₹1,36,800 at the floor price. Investors are advised to bid at the cutoff price of ₹120 per share, which would increase the investment amount to around ₹1,44,000, to improve chances amid potential oversubscription. High Net-worth Individuals (HNIs) must apply for a minimum of 2 lots (2,400 shares), amounting to about ₹2,88,000.

Patil Automation Limited is a leading provider of automation solutions in India, primarily catering to industrial clients. The company specializes in designing, manufacturing, testing, and installing customized automation systems, including welding lines, assembly lines, material handling machinery, and special-purpose machinery. Its product portfolio features assembly fixtures, welding fixtures, robotic cells, testing and inspection systems, and various auxiliary equipment. Patil Automation’s main clientele comprises automotive Original Equipment Manufacturers (OEMs), Tier I suppliers, and manufacturers of automotive parts and components. The company supports these clients by setting up, expanding, upgrading, modifying, or repairing their production systems. Patil Automation operates across 10 Indian states, including Maharashtra, Haryana, Karnataka, Gujarat, Madhya Pradesh, and Tamil Nadu. As of March 31, 2025, the company employed 244 full-time staff and approximately 256 contract laborers.

Objects of the Issue (JNK India IPO Objectives)

• Funding capital expenditure for the setup of a new manufacturing facility
• Repayment of a portion of certain borrowings availed by the company
• General corporate purposes

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