Pattech Fitwell Tube Components IPO: Information about the Pattech Fitwell Tube Initial Public Offering: The IPO’s opening and closing dates have been set for April 5 and April 12, 2023, respectively. Pattech Fitwell Tube is an NSE SME IPO looking to raise ₹12,000,000. The price range for the Pattech Fitwell Tube IPO is set at ₹50 with a market lot of 3000 shares.
Pattech Fitwell Tube Components IPO Dates
The IPO close date for Pattech Fitwell Tube is April 12, 2023, and the IPO date is April 5, 2023. The IPO may list on April 21, 2023. The IPO allotment date is April 18, 2023.
Pattech Fitwell Tube Components IPO Details
| IPO Date | Apr 5, 2023 to Apr 12, 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 |
Important Dates of Pattech Fitwell Tube Components IPO
Pattech Fitwell Tube Components 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 |
Pattech Fitwell Tube Components IPO Lot Size
The Pattech Fitwell Tube Components IPO lot size is 3000 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹150,000 |
| Retail (Max) | 1 | 3000 | ₹150,000 |
| HNI (Min) | 2 | 6,000 | ₹300,000 |
Pattech Fitwell Tube Components IPO Promoter Holding
Bharatbhai Jivrajbhai Limbani and Jaysukhbhai Popatbhai Limbani are the Promoters of our Company.
Objects of the Pattech Fitwell Tube Components IPO
The Company proposes to utilize the Net Proceeds from the Issue towards the following objects:
- Funding our working capital requirements;
- General corporate purposes
About Pattech Fitwell Tube Components IPO
Pattech Fitwell Tube Components Limited was founded in 2022, but its journey actually began in the year 2012, a decade before. The business manufactures forging products for industries other than the automotive one.
In the domain of open die forgings, Pattech Fitwell has an installed capacity of 14104.13 MTPA for the production of forged flanges, intricate and specialized machined components, and welded assemblies. By performing numerous value-added procedures such as forming, bending, drilling, cutting, inspection, polishing, painting, blasting, welding, punching, marking, testing, and packing, they turn semifinished/raw items into finished products.