Pattech Fitwell Tube Components IPO: GMP, Price, Dates & size

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Pattech Fitwell Tube Components Limited was established in 2022, but its journey began a decade ago in 2012. The company specializes in the manufacturing of forging products for the non-automotive sector. Their products include forged flanges, complex and specialized machined components, and welded assemblies in the area of open die forgings. 

The company has a total installed capacity of 14104.13 MTPA, which they use to convert semi-finished and raw products into finished products through various value-added processes. These processes include forming, bending, drilling, cutting, inspection, polishing, painting, blasting, welding, punching, marking, testing, and packaging. Company operates in a competitive industry and must continue to produce high-quality products to stay ahead of their competitors. 

Pattech Fitwell Tube Components

Pattech Fitwell Tube Components IPO Details 

IPO Date Apr 5, 2023 to Apr 12, 2023 
Listing Date Apr 21, 2023
Face Value ₹10 per share 
Price ₹50 per share 
Lot Size 3000 Shares 
Total Issue Size 2,400,000 shares 
(aggregating up to ₹12.00 Cr) 
Fresh Issue 2,400,000 shares 
(aggregating up to ₹12.00 Cr) 
Issue Type Fixed Price Issue IPO 
Listing At NSE SME 
Maiden Forgings IPO: GMP, Price, Dates and size

Pattech Fitwell Tube Components IPO Tentative Timetable 

IPO opens on Apr 5, 2023, and closes on Apr 12, 2023

Event Tentative Date 
Opening Date Apr 5, 2023 
Closing Date Apr 12, 2023 
Basis of Allotment Apr 18, 2023 
Initiation of Refunds Apr 19, 2023 
Credit of Shares to Demat Apr 20, 2023 
Listing Date Apr 21, 2023 
UPI Mandate Confirmation Cut-Off Time 5.00 PM on the issue closing day 

Industry Overview 

The company operates in the forging industry, specifically in the manufacturing of forging products for the non-automotive sector. The forging industry plays a critical role in providing raw materials for various industries such as construction, oil and gas, aerospace, and defense. Forged components are preferred over other alternatives due to their superior strength, durability, and resistance to corrosion. 

The global forging industry has been growing steadily over the years, with a compound annual growth rate (CAGR) of approximately 5.7% from 2016 to 2020. The growth can be attributed to the increasing demand for forged products in emerging economies, as well as the growth of construction and infrastructure projects globally. The industry is expected to continue growing at a CAGR of 6.2% from 2021 to 2026, driven by factors such as increasing urbanization, industrialization, and infrastructure development. 

Company Financials  

Period Ended Total Assets Total Revenue Profit After Tax Net Worth Reserves and Surplus Total Borrowing 
31-Mar-20 1,155.69 2,038.99 7.74 190.05 0.00 867.72 
31-Mar-21 1,386.66 1,844.93 -1.16 321.11 0.00 976.32 
31-Mar-22 2,530.38 2,262.87 144.45 563.06 0.00 1,663.56 
21-Aug-22 2,572.07 968.72 34.76 569.71 0.00 1,456.31 
30-Nov-22 2,661.01 1,137.66 19.69 529.11 19.69 1,745.92 
Amount in ₹ Lakhs 

Objects of the Issue 

The Company proposes to utilize the Net Proceeds from the Issue towards the following objects: 

  1. Funding our working capital requirements; 
  1. General corporate purposes 

Pattech Fitwell Tube Components IPO Prospectus

Company Contact Information

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
Phone: (0265) 2830151

Pattech Fitwell Tube Components IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Pattech Fitwell Tube Components IPO Lead Manager(s)

  1. Fedex Securities Limited (Past IPO Performance)


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