- POSITIVE
Annual Revenue Pattech Fitwell Tube Mar-2026 Annual Revenue is Rs 60 Cr which is growth of 25.3% YoY.
- POSITIVE
Annual Net Profit Pattech Fitwell Tube Mar-2026 Annual Net Profit is Rs 2 Cr which is growth of 53.2% YoY.
Pattech Fitwell Tube Components specialises in manufacturing forging products for the non-automotive sector. Its process involves converting semi-finished or raw products into finished products through various techniques, such as forming, bending, drilling, cutting, inspection, polishing, painting, blasting, welding, punching, marking, testing, and packaging.
| Bidding Dates |
|---|
| 05 Apr 2023 - 12 Apr 2023 |
| Subscription |
|---|
| 1.97x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹150,000 | 1 | 1 | 3000 | 2.4 M | ₹50 | 69.06 % | ₹120.0 M | RHP DOC |
Pattech Fitwell Tube IPO SUBSCRIPTION STATUS
12 Apr '23Total1.97x
Retail Individual Investor1.89x
HNI (NII) Investors2.05x
Qualified Institutional Buyers-
Pattech Fitwell Tube IPO overall subscription rate was 1.97 times the total available shares
Pattech Fitwell Tube IPO retail subscription rate was 1.89 times in the retail segment
Pattech Fitwell Tube IPO non-institutional investor subscription rate was 2.05 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
12 Apr 2023 (Day 5) | 1.89x | 2.05x | - |
11 Apr 2023 (Day 4) | 0.77x | 1.7x | - |
10 Apr 2023 (Day 3) | 0.44x | 1.7x | - |
06 Apr 2023 (Day 2) | 0.18x | 1.38x | - |
05 Apr 2023 (Day 1) | 0.06x | 1.19x | - |
Pattech Fitwell Tube FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| 8MFY23 | 2.0 | 113.2 | -18.4 | -18.4 | 5.9% |
| 8MFY22 | 3.5 | 95.0 | 24.9 | 24.8 | 7.0% |
| FY22 | 14.4 | 222.5 | 25.1 | -73.9 | 10.8% |
| FY21 | -0.1 | 183.4 | 11.4 | -18.4 | 5.0% |
| FY20 | 0.8 | 203.4 | 17.1 | -12.1 | 3.9% |
Pattech Fitwell Tube IPO SUBSCRIPTION STATUS DETAILS
Pattech Fitwell Tube had 2.4 M shares on offer
Pattech Fitwell Tube IPO offer price was ₹50
Pattech Fitwell Tube IPO minimum Investment was ₹150000
Pattech Fitwell Tube IPO issue size was ₹ 120.0 M
Pattech Fitwell Tube had a minimum lot size of 3000 Shares per application
Pattech Fitwell Tube NUMBER OF SHARES ON OFFER
Total2.4 M
Fresh Issue2.4 M
Offer for Sale0
Post Issue Promoter Holding %69.06 %
Pattech Fitwell Tube IPO IMPORTANT DATES
| Issue Open Date | 05 Apr 2023 |
| Issue close Date | 12 Apr 2023 |
| Allotment Date | 18 Apr 2023 |
| Refund Date | 19 Apr 2023 |
| Demat Account Credit Date | 20 Apr 2023 |
| Listing Date | 21 Apr 2023 |
| Listing on Exchange(s) | NSE |
| Pattech Fitwell Tube Allotment Status | Exchange |
Pattech Fitwell Tube IPO subscription opened on 05 Apr 2023, and closed on 12 Apr 2023
IPO allotment for Pattech Fitwell Tube was finalized on Tuesday, 18 Apr 2023
IPO listing for Pattech Fitwell Tube was on NSE on Friday, 21 Apr 2023
Pattech Fitwell Tube IPO LISTING GAINS
| Issue Price (adjusted) | 50.0 |
| Listing Open Price | 55.0 |
| Listing Close Price | 57.8 |
| Listing Gain% | 10.0% |
| Current Gain% | 118.3% |
Pattech Fitwell Tube Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Pattech Fitwell Tube Components Ltd. | 109.2 | 84.7 | 54.6 | 2.1 | 1.4 | 4.7 | 2.3 | 60.4 | 25.3 | 1.9 | 53.2 | 2 | 26.5 |
| Bharat Forge Ltd. | 1720 | 84051.3 | 114.4 | -4.1 | 4.8 | 11.3 | 4.8 | 17010.3 | 10.9 | 1079.7 | 14.7 | 15 | -28.1 |
| Indo-MIM Ltd. | 1171.6 | 57933.4 | 18.9 | 10.9 | 4320.7 | 28.1 | 533.5 | 25.9 | |||||
| AIA Engineering Ltd. | 3595.9 | 33557.1 | 26.5 | 1.8 | 7.4 | 15.8 | 14.9 | 4893.9 | 6 | 1270.2 | 19.7 | 135.7 | 14.5 |
| Happy Forgings Ltd. | 1748.2 | 16503.2 | 50.4 | 2.3 | 10.1 | 14.2 | 11.4 | 1577.1 | 9 | 301.6 | 12.8 | 34.7 | 21.6 |
| Ramkrishna Forgings Ltd. | 646.9 | 11697.8 | 62.6 | -1.6 | 2.4 | 2.2 | 1 | 4251.2 | 4.7 | 71.8 | -82.7 | 10.3 | -38 |
Annual
Balance Sheet
Ratios
Cash Flow
Pattech Fitwell Tube annual results: revenue, profit, P&L, and margins as of Mar 2026 – 11 year history
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| Indicator | Graph | CAGR 3 Yrs | CAGR 5 Yrs | Mar '26 | Mar '25 | Mar '24 | Mar '23 | Mar '22 | Mar '21 | Mar '20 |
|---|---|---|---|---|---|---|---|---|---|---|
71.9% | 26.7% | 60.4 | 48.2 | 37.7 | 11.9 | 22.6 | 18.5 | 20.4 | ||
Operating Exp. Ann. | 75.1% | 26.2% | 55.8 | 44.5 | 34.5 | 10.4 | 19.9 | 17.4 | 19.6 | |
Operating Profit Ann. | 41.9% | 34.8% | 4 | 3.7 | 3.2 | 1.4 | 2.4 | 0.9 | 0.8 | |
OPM Ann. % | -17.5% | 6.1% | 6.66% | 7.63% | 8.48% | 11.86% | 10.61% | 4.95% | 3.85% | |
72.9% | 25.6% | 57.9 | 46.5 | 35.8 | 11.2 | 20.7 | 18.5 | 20.3 | ||
EBITDA Ann. | 46.3% | 36.3% | 4.7 | 3.8 | 3.2 | 1.5 | 2.8 | 1 | 0.8 | |
EBITDA Ann. margin % | -14.5% | 6.8% | 7.74% | 7.79% | 8.54% | 12.40% | 12.28% | 5.57% | 4.08% | |
Interest Ann. | 41.5% | 19.4% | 1.7 | 1.7 | 1.1 | 0.6 | 0.5 | 0.7 | 0.4 | |
Depr. | 26% | 0% | 0.4 | 0.3 | 0.2 | 0.2 | 0.3 | 0.4 | 0.3 | |
PBT Ann. | 52.9% | - | 2.5 | 1.7 | 1.9 | 0.7 | 1.9 | -0 | 0.1 | |
Tax Ann. | 44.2% | - | 0.6 | 0.5 | 0.5 | 0.2 | 0.5 | -0 | 0.1 | |
56% | - | 1.9 | 1.2 | 1.4 | 0.5 | 1.4 | -0 | 0.1 | ||
Net Profit Ann. | 56% | - | 1.9 | 1.2 | 1.4 | 0.5 | 1.4 | -0 | 0.1 | |
NPM Ann. % | -8.7% | - | 3.14% | 2.54% | 3.82% | 4.12% | 6.49% | -0.06% | 0.38% | |
EPS Adj. latest Ann. | 58.7% | - | 2 | 1.3 | 1.5 | 0.5 | 1.5 | -0 | 0.1 |
*All financials are in INR Cr and price data in INR
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Total Rev. Ann.
1Y CHG
25.3%
2Y CAGR
26.6%
3Y CAGR
71.9%
5Y CAGR
26.7%
Net Profit Ann.
1Y CHG
58.3%
2Y CAGR
16.5%
3Y CAGR
56%
Operating Exp. Ann.
1Y CHG
25.4%
2Y CAGR
27.2%
3Y CAGR
75.1%
5Y CAGR
26.2%
Pattech Fitwell Tube INFORMATION ON IPO ISSUE
About Pattech Fitwell Tube
Pattech Fitwell Tube Components specialises in manufacturing forging products for the non-automotive sector. Its process involves converting semi-finished or raw products into finished products through various techniques, such as forming, bending, drilling, cutting, inspection, polishing, painting, blasting, welding, punching, marking, testing, and packaging.
Object of the Issue
- Funding the working capital requirements
- General corporate purposes
Pattech Fitwell Tube - PROMOTERS
| Name |
|---|
| Bharatbhai Jivrajbhai Limbani |
| Jaysukhbhai Popatbhai Limbani |
Pattech Fitwell Tube Lead Manager to the Issue
Fedex Securities Private Limited
mb@fedsec.in
Pattech Fitwell Tube Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Pattech Fitwell Tube Strengths
Diversified customer base
The company's customer base is well-diversified across India, which mitigates the impact of any significant contribution from a single customer on its revenue.
Strength
Diversified product portfolio
The company manufactures a wide range of forged and machined components that find applications in pipe and tube fittings, such as Elbows, Flanges, Tees, Reducers, Caps, and other fabrication works. These components are utilized in various industries such as fertilizers, petrochemicals, power, chemicals and pharmaceuticals, food processing, oil and gas, among others
Strength
Pattech Fitwell Tube Risks
Certain litigations and claims
There are ongoing litigation cases involving the company, its promoters, and directors at various stages. Unfavourable outcomes in these cases could potentially affect the business and operations of the company
Risk
Negative cash flows
The company has experienced negative cash flows in previous years. Any operating losses or negative cash flows in the future could have a negative impact on its financial condition and operating results
Risk
IPO FAQs
The promoters of the company are Bharatbhai Jivrajbhai Limbani and Jaysukhbhai Popatbhai Limbani.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 50.0 - 50.0.
The IPO application opens on Apr 05, 2023 and closes on Apr 12, 2023.
The minimum lot size for the IPO is 3000. The maximum lot size for the IPO is 3000.
For all category investors, the minimum application amount for this IPO is Rs. 150,000.0, the maximum value for this IPO is Rs 150,000.0.
This IPO will be allotted on Apr 18, 2023.
The refund will be credited to your account on Apr 19, 2023.
The allotted shares will be credited to your demat on Apr 20, 2023.
Pattech Fitwell Tube Components Ltd.’s shares listed on the stock exchanges on Apr 21, 2023.