Incorporated in 2022, Pattech Fitwell Tube Components Limited commenced its journey a decade ago in the year 2012. The company is engaged in the manufacturing of forging products for the non-automotive sector.
Pattech Fitwell has a total installed capacity of 14104.13 MTPA for manufacturing forged flanges, complex and specialized machined components, welded assemblies in the area of open die forgings. They convert semifinished/raw products to finished products by carrying out various value-added processes like forming, bending, drilling, cutting, inspection, polishing, painting, blasting, welding, punching, marking, testing, and packaging.
| Purpose | Amount (₹ Cr) |
|---|---|
| Funding our working capital requirements; | — |
| General corporate purposes | — |
| Metric | 30-Nov-22 | 21-Aug-22 | 31-Mar-22 |
|---|---|---|---|
| Total Assets | 2,661 | 2,572 | 2,530 |
| Revenue | 1,138 | 969 | 2,263 |
| PAT | 20 | 35 | 144 |
| Net Worth | 529 | 570 | 563 |
| Reserves | 20 | 0 | 0 |
| Total Borrowing | 1,746 | 1,456 | 1,664 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| NII / HNI | — | 1,137,000 (47%) | — |
| Retail (RII) | — | 1,137,000 (47%) | — |
| Market Maker | — | 126,000 (5%) | — |
| Total | — | 2,400,000 (100%) | — |
* Amount calculated at upper price band (₹50) · ** Total includes all investor categories
- 1 Initiation of Refund 19 Apr 2023
- 2 Credit of Shares to Demat 20 Apr 2023
- Retail allocation is strong at 47% of the total offering.
- HNI/NII demand is strong at 47%.
- The IPO P/E of 47x reflects a weak valuation relative to typical market ranges.
This IPO shows moderate investor interest. Review financial details and compare valuation with industry peers before investing.
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