Mumbai, June 23 -- The scrip was listed at Rs 155, a premium of 29.17% compared with the initial public offer (IPO) price. The stock was currently frozen at its upper limit of 5% over its listing price.

The counter hit a high of Rs 162.75 and a low of Rs 155. About 27.56 lakh shares of the company changed hands at the counter.

Patil Automation's IPO was subscribed 94.33 times. The issue opened for bidding on 16 June 2025 and it closed on 18 June 2025. The price band of the IPO was set at Rs 114 to 120 per share.

The IPO comprised fresh issue of 58,00,800 shares. The company intends to utilize the net proceeds for funding of capital expenditure towards setup of new manufacturing facility, repayment of a portion of certain borrowings ava...