Patil Automation IPO Sees Strong Response on Day 1; Subscribed 2.22 Times
By Shishta Dutta | Published at: Jun 18, 2025 10:55 AM IST
Mumbai, June 17, 2025, 17:00 IST – Patil Automation Limited’s SME IPO received a robust response from investors on the first day of bidding, with the issue getting subscribed 2.22 times against the net offer of 41.49 lakh equity shares.
Subscription Summary (as of Day 1 close)
| Category | No. of Applications | Shares Bid For |
|---|---|---|
| Qualified Institutional Buyers (QIBs) | 3 | 94,800 |
| • Foreign Institutional Investors | 1 | 84,000 |
| • Others | 2 | 10,800 |
| Non-Institutional Investors | 369 | 28,20,000 |
| • Corporates | 4 | 3,00,000 |
| • Individuals (Other than RIIs) | 362 | 25,12,800 |
| • Others | 3 | 7,200 |
| Retail Individual Investors (RIIs) | 5,242 | 62,90,400 |
| • Bids at Cut-Off Price | 3,701 | 44,41,200 |
| • Price Bids | 1,541 | 18,49,200 |
| Total | 5,614 | 92,05,200 |
IPO Details
| Detail | Info |
|---|---|
| Symbol | PATILAUTOM |
| Issue Period | June 16 – June 18, 2025 |
| Price Band | ₹114 – ₹120 |
| Issue Size | 58,00,800 shares (incl. 16.51 lakh anchor, 2.93 lakh MM) |
| Net Issue Size | 41,49,600 shares |
| Lot Size | 1,200 shares |
| Face Value | ₹10 |
| Minimum Investment | ₹1,44,000 (at upper band) |
| Subscription | 2.22 times on Day 1 |
Key Takeaways
- Retail Investors led the subscription for this IPO with bids for 62.90 lakh shares, almost 1.5 times larger than the net issue.
- Noninstitutional Investors also had decent participation with bids of 28.20 lakh shares.
- Qualified Institutional Buyer (QIB) participation was minimal on Day 1, with bids of only 94,800 shares. However, anchor investors had already been allocated 16.51 lakh shares before the issue opened.
Investors can confirm UPI mandates until 5:00 PM on June 18, 2025. The final allotment and listing dates will be provided after the close.
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