A SME IPO issue size of 2,400,000 shares with a maximum value of €12.00 Cr is sold by Pattech Fitwell Tube Components Ltd. offered. Investors can subscribe to this SME IPO between April 5 and April 12, 2023. Shares have a par value of €10 each. The lot size for this SME IPO is 3000 shares and the issue price is fixed at €50 per share.
A SME IPO issue size of 2,400,000 shares with a maximum value of €12.00 Cr is sold by Pattech Fitwell Tube Components Ltd. offered. Investors can subscribe to this SME IPO between April 5 and April 12, 2023. Shares have a par value of €10 each. The lot size for this SME IPO is 3000 shares and the issue price is fixed at €50 per share.
The allotment basis for the Pattech Fitwell Tube Components IPO will be completed on April 18, 2023 and Bigshare Services Pvt Ltd will act as registrar for the offering. The expected date for the Pattech Fitwell Tube Components initial public offering (IPO) is April 21, 2023, although the exact date has not yet been announced.
The allotment basis for the Pattech Fitwell Tube Components IPO will be completed on April 18, 2023 and Bigshare Services Pvt Ltd will act as registrar for the offering. The expected date for the Pattech Fitwell Tube Components initial public offering (IPO) is April 21, 2023, although the exact date has not yet been announced.
In FY22, the company reported sales of €22.63 cr compared to €18.45 Cr during FY21 and its net spend amounted to €20.70 Cr in FY22 against it €18.48 Cr during FY21. Net profit achieved by Pattech Fitwell Tube Components €1.44 Cr in FY22 compared to a net loss of €0.01 Cr during fiscal year 21.
In FY22, the company reported sales of €22.63 cr compared to €18.45 Cr during FY21 and its net spend amounted to €20.70 Cr in FY22 against it €18.48 Cr during FY21. Net profit achieved by Pattech Fitwell Tube Components €1.44 Cr in FY22 compared to a net loss of €0.01 Cr during fiscal year 21.
The year 2012 marked the beginning of Pattech Fitwell Tube Components Limited’s journey. Forgings are manufactured by the company for the non-automotive market. It is the leading manufacturer of all types of tube and pipe fittings in CS, AS and SS including Elbows, Tees, Reducers, Caps, Spools, Stub Ends and Flanges among others.
The year 2012 marked the beginning of Pattech Fitwell Tube Components Limited’s journey. Forgings are manufactured by the company for the non-automotive market. It is the leading manufacturer of all types of tube and pipe fittings in CS, AS and SS including Elbows, Tees, Reducers, Caps, Spools, Stub Ends and Flanges among others.
AR Ramachandran, Tips2trades Co-Founder and Coach, said: “Inconsistent sales and earnings growth coupled with high leverage makes current valuations for Pattech Fitwell Tube very overpriced. Investors should avoid subscription and wait for lower post-listing levels for better returns.”
AR Ramachandran, Tips2trades Co-Founder and Coach, said: “Inconsistent sales and earnings growth coupled with high leverage makes current valuations for Pattech Fitwell Tube very overpriced. Investors should avoid subscription and wait for lower post-listing levels for better returns.”
On April 3, Avalon Technologies IPO begins accepting subscriptions. Subscriptions for the public offering will be accepted until April 6th. The company has received approx €389.25 crore in pre-IPO funding from 24 anchor investors. The company is expected to be listed on the BSE and NSE after the IPO. Avalon collected €389.25 and issued 8,927,751 shares to 24 anchor investors in the upper tier of €436 per share, including a premium of €434 per share of stock with a par value of €2 per share.
On April 3, Avalon Technologies IPO begins accepting subscriptions. Subscriptions for the public offering will be accepted until April 6th. The company has received approx €389.25 crore in pre-IPO funding from 24 anchor investors. The company is expected to be listed on the BSE and NSE after the IPO. Avalon collected €389.25 and issued 8,927,751 shares to 24 anchor investors in the upper tier of €436 per share, including a premium of €434 per share of stock with a par value of €2 per share.
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