Pattech Fitwell Tube Components Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Pattech Fitwell

CMP

101.00

0.00 (0.00%)

  • DRHP
₹50

Offer Price

₹ 12.00 Cr

Issue Size

₹ 1,50,000

Min Investment

3,000

Lot size

Time Line

  • 05
    Apr 2023
    Open
  • 12
    Apr 2023
    Close
  • 18
    Apr 2023
    Finalisation of Basis of Allotment
  • 19
    Apr 2023
    Initiation of Refunds
  • 20
    Apr 2023
    Transfer of Shares to Demat Account
  • 21
    Apr 2023
    Listing Date

Objects of the Offer

  • Improve and increase operational efficiencies

  • Optimal Utilization of Resources

  • Enhance customer base by entering new geographies

  • Focus on quality

  • Increase direct supply to OEM`s

Products & Services

  • The Company is engaged in manufacturing of pipe fittings, flanges and various types of forgings and machined components as well as pipe spools and fabrication works.

Strengths

  • Diversified Product portfolio;

  • Experienced Management & Promoters

  • Healthy financial condition

Risks

  • The company is highly dependent on its suppliers for uninterrupted supply of raw-materials. The company is not entered into any long-term supply agreement for the major raw materials required for manufacturing of its products. Also, volatility in the prices and non-availability of these raw materials may have an adverse impact in its business prospects, results of operations and financial condition.

  • The Company, Promoter and Directors are involved in certain litigation which is currently pending at various stages. Any adverse decisions in these cases against the Company, Promoter and Director. may impact business and operations of the Company.

  • In case of its inability to obtain, renew or maintain the statutory and regulatory licenses, permits and approvals required to operate the company business it may have a material adverse effect on its business.

  • The company has made an application with the Registrar of Trade Marks for registration of the logo and same has been under the status of send to Vienna Codification. Any delay in receiving the approval and/or granting registration or in obtaining registration could result in loss of logo & brand equity and the Company right to use the said logo.

  • The company is depend on a limited number of customer for a significant portion of its revenue from engineering business. The loss of any of its major customer due to any adverse development or significant reduction in business from its major customer may adversely affect its business, financial condition, results of operations, cash flow and future prospects.

Company Promoters

Promoters Holding

Issue For IPO
30.94%
Pre Holding

100.00%

Post Holding

69.06%

Top Promoters Holding

Financials

All values in Cr

Nov-2021 Nov-2022 Mar-2023 3-Yr trend
Revenue 18.34 (-) 11.32 (-38.30%) 11.80 (4.20%)
Gross Profit 18.34 (-) 11.32 (-38.30%) 11.80 (4.20%)
Net Income 18.34 (-) 11.32 (-38.30%) 11.80 (4.20%)
Assets 18.34 (-) 11.32 (-38.30%) 11.80 (4.20%)
Liabilities 18.34 (-) 11.32 (-38.30%) 11.80 (4.20%)

Book Running Managers

  • Fededx Securities Pvt Ltd

Registrar & Transfer Agent

Bigshare Services Pvt Ltd

Office No 56-2,
Pinnacle Busine.Park,
Mahakali Caves Road - Mumbai - 400093
Phone : 91-22-62638200 Fax: 91-22-63638299

Company Contact Information

Survey No 873/B/1 Nr.GETCO 66,
KV SubStation AnsonsLimbaniEst,
Vadodara - 391243
Phone : 91-265-2830151 Email : cs@pftcpipefittings.com https://www.pftcpipefittings.com

Offer Related Information

Initial public issue of upto 24,00,000 equity shares of face value of Rs. 10/- each ("Equity Shares") of Pattech Fitwell Tube Components Limited ("The Company" or the "Issuer") for cash at a price of Rs. 50 per equity share (the "Issue Price"), (including a premium of Rs. 40 per equity share), aggregating Rs. 12.00 crores ("The Issue"), of which 1,26,000 equity shares of face value of Rs. 10/- for cash at a price of Rs. 50 each aggregating Rs. 0.63 crores will be reserved for subscription... More

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