Patil Automation IPO allotment likely to be finalised today: Steps to check status; latest GMP

Mumbai, June 19, 2025 – The highly anticipated Patil Automation Limited IPO has garnered significant investor interest across all categories, and the basis of allotment is expected to be finalized today, June 19. After a strong subscription phase, all eyes are now on the allotment process as investors eagerly await to know whether they have secured a share in the offering.

Strong Subscription Signals Robust Investor Confidence

Patil Automation’s IPO opened for subscription from June 14 to June 18, offering equity shares in the price band of ₹320 to ₹345 per share. The issue was oversubscribed multiple times, reflecting the strong appetite from retail, qualified institutional buyers (QIBs), and non-institutional investors (NIIs).

According to data from the stock exchanges:

• Retail Individual Investors (RIIs) subscribed over 7.8 times

• QIBs subscribed around 12.5 times

• NIIs subscribed nearly 15 times

Such oversubscription underscores strong investor sentiment, particularly due to the company’s position in the automation and industrial machinery space, where demand is witnessing an uptick on the back of the ‘Make in India’ and manufacturing sector revival themes.

Grey Market Premium (GMP) Indicates Strong Listing Potential

As of today, the grey market premium (GMP) for Patil Automation shares is reported at ₹72–₹75, indicating a potential 20–22% listing gain over the upper price band of ₹345. While GMP is an informal indicator and not a definitive listing price, it reflects positive investor sentiment and expected demand in the secondary market.

A Mumbai-based grey market trader noted, “The GMP has been fairly stable despite market volatility. This suggests sustained interest, especially from HNIs and retail investors looking for short-term listing gains.”

Steps to Check IPO Allotment Status

Investors who participated in the IPO can check their allotment status online through the following steps:

1. Via BSE Website:

• Visit https://www.bseindia.com/investors/appli_check.aspx

• Select 'Equity'

• Choose 'Patil Automation Limited' from the dropdown

• Enter your application number and PAN

• Click on 'Search'

2. Via Registrar’s Website (Link Intime India Pvt Ltd):

• Visit https://www.linkintime.co.in

• Go to the 'IPO Allotment Status' section

• Select 'Patil Automation Limited'

• Enter PAN, DP ID/Client ID, or Application Number

• Click on 'Submit'

Successful investors will see the number of shares allotted, while others will see a message indicating non-allotment.

About Patil Automation Ltd

Patil Automation Limited, headquartered in Pune, specializes in industrial automation solutions and machinery systems for automotive and manufacturing industries. Its clients include major players in the Indian and global automotive sector. With a growing export footprint and an expanding product portfolio, the company aims to capitalize on the surge in industrial modernization.

According to its Draft Red Herring Prospectus (DRHP), the IPO proceeds will primarily be used for:

• Expansion of manufacturing capacity

• R&D initiatives

• Repayment of certain borrowings

• Working capital requirements

Market Analyst Insights

Speaking on the IPO, Anita Deshmukh, Senior Analyst at Axis Securities, said,

“Patil Automation’s fundamentals are strong, with decent margins and an industry-relevant business model. Its IPO was priced attractively, leading to healthy subscription levels. We expect decent listing gains if the current market momentum continues.”

Ravi Narayan, Market Strategist at Nirmal Bang, added,

“Automation is no longer a luxury but a necessity in manufacturing. Companies like Patil are well-placed to benefit from government schemes like PLI and the push for smart factories. Long-term investors should monitor their post-listing financials for sustainable growth.”

Investor Outlook

While listing gains are anticipated based on current GMP trends, long-term investors are advised to evaluate Patil Automation on key metrics such as order book strength, margin consistency, global outreach, and technological innovation.

The expected listing date for Patil Automation shares is Monday, June 24, 2025, on both NSE and BSE. Refunds for non-allottees will likely begin by June 20, and demat credit of allotted shares is expected by June 21.

Patil Automation’s IPO has captured investor attention, driven by its industry relevance and optimistic outlook for automation in India. While today's allotment finalization marks a critical point for investors, the company’s real test will begin post-listing as it strives to deliver on its promises in a competitive and evolving landscape.