Patil Automation Ltd. has announced public offering of 5800800 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 110.00 per share. The gross proceeds of the issue are expected to be Rs 6,960.96 lakhs.
The company's initial public offer (IPO) will open on 16 June 2025 and is expected to close on 18 June 2025, subject to customary closing conditions. The price band of the issue has been fixed at Rs 114.00-120.00 per share.
The IPO includes a fresh Issue of 5800800 Equity Shares of the Company at an price of Rs 120.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1200 shares with bids in multiples of 1200.
Patil Automation Ltd. anticipates using the proceeds of the issue for .
Seren Capital Pvt. Ltd. as lead manager & Purva Shareregistry (India) Pvt Ltd is the registrar, to the issue.