Pattech Fitwell Tube Components Ltd. has announced public offering of 2400000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 40.00 per share. The gross proceeds of the issue are expected to be Rs 1,200.00 lakhs.

The company's initial public offer (IPO) will open on 05 April 2023 and is expected to close on 12 April 2023, subject to customary closing conditions.

The IPO includes a fresh Issue of 2400000 Equity Shares of the Company at an price of Rs 50.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 3000 shares with bids in multiples of 3000.

Pattech Fitwell Tube Components Ltd. anticipates using the proceeds of the issue for Funding the working capital requirements

General corporate purposes.

Fedex Securities Private Limited as lead manager & Bigshare Services Private Limited. is the registrar, to the issue.