Patil Automation Ltd

Initial public offer of upto 58,00,800 equity shares of face value of Rs. 10/- each (the "Equity Shares") of Patil Automation Limited ("the Company" or "PAL" or "the Issuer") at an issue price of Rs. 120 per equity share for cash, aggregating up to Rs. 69.61 crores ("Public Issue") out of which 2,92,800 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 120 per equity share for cash, aggregating Rs. 3.51 crores will be reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion"). The public issue less market maker reservation portion i.e. issue of 55,08,000 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 120 per equity share for cash, aggregating upto Rs. 66.10 crores is herein after referred to as the "Net issue". The public issue and net issue will constitute 26.58% and 25.24% respectively of the post-issue paid-up equity share capital of the company.

Incorporated in 2015, the company is an automation solutions provider serving industrial clients, primarily in the automotive sector. The Company is engaged in designing, manufacturing, testing and installation of customized automation systems such as welding lines (spot welding, MIG and TIG), assembly lines, material handling machineries and special-purpose machineries, tailored to meet the specific requirements of its clients' production facilities. Its client base primarily comprises of Automotive Original Equipment Manufacturers (OEMs), Tier I suppliers to Automotive OEMs and manufacturers of automotive components and sub-components, who seek to establish, expand, upgrade, modify or repair their production setup. Its automation solutions focus on optimizing manufacturing processes and reducing manual intervention at its clients' facilities.