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Open
5 Apr 2023
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Close
12 Apr 2023
3
Allotment
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Listing
Fri, Apr 21, 2023
Price Band
₹50 per share
Issue Size
24,00,000 shares (agg. up to ₹12 Cr)
Lot Size
3,000 Shares
Listing Date
Fri, Apr 21, 2023
Latest GMP
₹-3
Est. Gain
-6%
✦ AI Insight
GMP Trend
21-04-2023₹-3Est. ₹47-6%
20-04-2023₹-4Est. ₹46-8%
19-04-2023₹-6Est. ₹44-12%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 2.01x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Nov 2022 | 21 Aug 2022 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|---|
| Assets | 26.61 | 25.72 | 25.30 | 13.87 | 11.56 |
| Total Income | 11.38 | 9.69 | 22.63 | 18.45 | 20.39 |
| Profit After Tax | 0.20 | 0.35 | 1.44 | -0.01 | 0.08 |
| NET Worth | 5.29 | 5.70 | 5.63 | 3.21 | 1.90 |
| Reserves and Surplus | 0.20 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Borrowing | 17.46 | 14.56 | 16.64 | 9.76 | 8.68 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Maiden Forgings Ltd. | SME | ₹23.84 Cr | ₹63 | 8.38 | ₹59.86 | -4.98% | ₹91.25 (+0.83%) |
| Quality Foils (India) Ltd. | SME | ₹4.52 Cr | ₹60 | 4.16 | ₹97.70 | +62.83% | ₹60.00 (-1.40%) |
| Earthstahl & Alloys Ltd. | SME | ₹12.96 Cr | ₹40 | 4.22 | ₹57.75 | +44.38% | ₹14.30 (-4.16%) |
| Swastik Pipe Ltd. | SME | ₹62.52 Cr | ₹100 | 11.38 | ₹69.30 | -30.70% | ₹17.95 (+4.97%) |
| Rhetan TMT Ltd. | SME | ₹56.00 Cr | ₹70 | 63.64 | ₹66.50 | -5.00% | ₹28.04 (-9.00%) |
| Mangalam Worldwide Ltd. | SME | ₹65.58 Cr | ₹101 | 20.12 | ₹102.55 | +1.53% | ₹37.15 (+1.36%) |
| Venus Pipes & Tubes Ltd. | Mainboard | ₹165.42 Cr | ₹326 | 21.03 | ₹354.35 | +8.70% | ₹1,708.80 (-5.75%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding our working capital requirements; and | 8.65 |
| 2 | General corporate purposes | 2.64 |
About Pattech Fitwell Tube IPO
Incorporated in 2022, Pattech Fitwell Tube Components Limited commenced its journey a decade ago in the year 2012. The company is engaged in the manufacturing of forging products for the non-automotive sector. Pattech Fitwell has a total installed capacity of 14104.13 MTPA for manufacturing forged flanges, complex and specialized machined components, welded assemblies in the area of open die forgings. They convert semifinished/raw products to finished products by carrying out various value-added processes like forming, bending, drilling, cutting, inspection, polishing, painting, blasting, welding, punching, marking, testing, and packaging.+ Read More
Contact Details
Pattech Fitwell Tube Components Ltd. AddressSurvey No.873/B/1, RD No: 1, Ansons Limbani EstateNr.GETCO 66K.V.Sub StationG.I.D.C, Por, N.H-08Vadodara, Gujarat, 391243(0265) 2830151cs@pftcpipefittings.comVisit Website