Pattech Fitwell Tube Components Limited IPO
i. Pattech Fitwell Tube is a manufacturer of forging products for the non-automotive sector. They have total installed capacity of 14104.13 MTPA for manufacturing of forged flanges, complex and specialized machined components, welded assemblies in the area of open die forgings. The Company converts semifinished / raw products to finished products by carrying its value-added processes such as forming, bending, drilling, cutting, inspection, polishing, painting, blasting, welding, punching, marking, testing and packaging.
ii. The company manufacture these products from carbon steel, alloy steel and stainless-steel pipes, coils, plates, structures and forgings conforming to international standards.
iii. Pattech Fitwell has been in the business of manufacturing of a wide range of forged and machined components that is used in pipes and tube fittings like Elbows, Flanges, Tees, Reducers, Caps, pipe spools and other fabrication works being used in various industries like fertilizers, petrochemical, power, chemical & pharmaceutical, food processing, oil & gas, desalination & water treatment, ship building, defense, fabrication of process equipments, instrumentation etc.
iv. Their existing manufacturing plant consists of forming shop, fabrication shop, forging shop, die shop, heat treatment shop, conventional machining shop backed by related quality assurance equipments. Presently, we are using electric and oil fire heat furnace technology for forging products. The key factor in the forging business is the client/consultant approval, given the critical end-use of the product.
i. Diversified customer base and long-standing relationship with the customers
ii. Diversified Product portfolio
iii. Experienced Promoter Directors with extensive domain knowledge
iv. Well Established Manufacturing Facility designed to serve multiple products range
Objects of the Pattech Fitwell Tube Components Limited IPO:
Pattech Fitwell Tube Components Limited IPO Details:
|Open Date:||Apr 05 2023|
|Close Date:||Apr 12 2023|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Fixed Price Issue IPO|
|Issue Size:||12 Cr.|
|Lot Size:||3000 Shares|
|Issue Price:||₹ 50 Per Equity Share|
|Listing At:||NSE Emerge|
|Listing Date:||Apr 21 2023|
Promoters And Management:
Financials of Pattech Fitwell Tube Components Limited IPO:
|Particulars (in Lakhs)||2022||2021||2020|
|Revenue From Operations||2,225||1,834||2,034|
|Change in Inventories||-136||-51||0|
|Employees Benefit Expenses||40||29||21|