Pattech Fitwell Tube Components IPO will open for subscription from 05 April 2023. the company aims for an issue size of ₹12 Cr through this IPO.
About Company
Pattech Fitwell Tube Components is engaged in the production of forging products for the non-automotive sector. The company has 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. The company converts semifinished/raw products to finished products by carrying its value-added processes such as forming, bending, drilling, cutting, inspection, polishing, painting, blasting, welding, punching, marking, testing, and packaging.
Vadodara-based Pattech Fitwell manufactures its products from carbon steel, alloy steel, and stainless steel pipes, coils, plates, structures, and forgings conforming to international standards. At present, the company has a highly sophisticated and technically competent plant divided into two parts. As on 31 December 2022, its overall staff strength is 9 employees including skilled labor, administrative staff, and a management team. The company also employs 106 unskilled workers.
Basic details about the company
| Full name | Pattech Fitwell Tube Components Limited |
| Sector | Automobile & Ancillaries |
| Industry | Forgings |
| Company Website | https://www.pftcpipefittings.com/ |
The Objective of the Issue
- Funding our working capital requirements,
- General corporate purposes.
IPO Timetable
| IPO Opening date | 05 April 2023 |
| IPO Closing | 12 April 2023 |
| Basis of Allotment | 18 April 2023 |
| Initiation Refund | 19 April 2023 |
| Credit to Demat Account | 20 April 2023 |
| Listing Date | 21 April 2023 |
IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹12 Cr – 2,400,000 shares |
| Fresh Issue | ₹12 Cr – 2,400,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer Price | ₹50 per share |
| Lot size | 3000 Shares |
| Retail Allocation | 50% |
| Listing Exchange | NSE SME |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹150,000 |
| Retail (Max) | 1 | 3000 | ₹150,000 |
| HNI (Min) | 2 | 6,000 | ₹300,000 |
Reservation Details
| QIB Shares Offered | – |
| NII (HNI) Shares Offered | 50% |
| Retail Shares Offered | 50% |
Financial Performance
| FY 2020 | FY 2021 | FY 2022 | 1 Apr – 21 Aug 2022 | 22 Aug – 30 Nov 2022* | |
| Revenue | 2,034.2 | 1,833.6 | 2,224.9 | 950.1 | 1,132.3 |
| Expenses | 2,025.1 | 1,848.0 | 2,069.5 | 923.9 | 1,106.5 |
| Net income | 7.74 | (1.16) | 144.5 | 34.76 | 19.69 |
Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | NA | NA | NA |
| PE ratio | NA | NA | NA |
| RONW (%) | NA | NA | NA |
| NAV | NA | NA | NA |
| EBITDA (%)* | 3.85 | 4.98 | 10.79 |
| ROCE (%)* | 5.26 | 4.86 | 11.0 |
| Debt/Equity* | 4.57 | 3.04 | 2.95 |
Company Promoters
- Bharatbhai Jivrajbhai Limbani
- Jaysukhbhai Popatbhai Limbani
Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 69.06% |
Lead Manager(s)
FEDEX SECURITIES PRIVATE LIMITED
B 7, 3rd Floor, Jay Chambers, Dayaldas Road,
Vile Parle – [East], Mumbai – 400 057, Maharashtra
Phone: +91 81049 85249
Email: mb@fedsec.in
Website: www.fedsec.in
IPO Registrar
BIGSHARE SERVICES PRIVATE LIMITED
Office No. S6-2, 6th Floor,
Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East,
Mumbai – 400 093
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Contact Details
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, Gujarat, India
Phone: (0265) 2830151
E-mail: cs@pftcpipefittings.com
Website: www.pftcpipefittings.com
Allotment Status
Pattech Fitwell IPO allotment status will be available on Bigshare Services’ website. Click on Bigshare Services weblink to get allotment status.
Final thoughts
Pattech Fitwell Tube Components IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
