IPO ALERT - Upcoming IPO: Patil Automation IPO opens on June 16

Patil Automation Ltd IPO will open for subscription on Monday, June 16 and close on Wednesday, June 18. Patil Automation IPO price band has been fixed in the range of ₹114 to ₹120 per equity share of face value of ₹10 each. Bids can be made for a minimum of 1,200 equity shares and in multiples of 1,200 equity shares thereafter. Patil Automation Limited focuses on providing solutions for welding and line automation. The company operates five facilities throughout India, including two located in Pune. It delivers a wide range of automation services such as welding lines, assembly lines, automated handling, gantries, production, and specialized machines for testing. The company occupies a total area of 460,000 square feet for its operations. It designs, manufactures, tests, and installs tailored automation systems, which include welding lines (spot, MIG, and TIG), assembly lines, and custom machinery, specifically designed to meet the production requirements of its clients.