Pattech Fitwell Tube Components Share Price

Pattech Fitwell Tube Components Limited was originally started as a Partnership Firm in the name of M/s. Pat Tech Fitwell Tube Components vide Partnership Deed dated November 22, 2012. The Firm was converted into Company named Pattech Fitwell Tube Components Private Limited on August 22, 2022 at Gujarat. Thereafter, it got converted from a Private Limited to a Public Limited, on September 23, 2022, and the name was changed to Pattech Fitwell Tube Components Limited, vide fresh Certificate of Incorporation on October 11, 2022 by the Registrar of Companies, Ahmedabad.The Company is engaged in manufacturing of pipe fittings, flanges and various types of forgings and machined components as well as pipe spools and fabrication works for industries like fertilizers, petrochemical, power, chemical pharmaceutical, food processing, oil gas, desalination water treatment, ship building, defense, fabrication of process equipments, instrumentation etc. The Company converts semifinished / raw products to finished products by carrying valueadded process such as forming, bending, drilling, cutting, inspection, polishing, painting, blasting, welding, punching, marking, testing and packaging. The 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, the Company is having plant divided into two parts, viz Part A and Part B at Vadodara, Gujarat, which manufacture these products from carbon steel, alloy steel and stainlesssteel pipes, coils, plates, structures and forgings. It is using electric and oil fire heat furnace technology for forging products. Apart from this, it also manufacturing 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 and manufacturing unit catering to the different product portfolios. The Company launched an IPO of 24,00,000 Equity shares of face value of Rs 10/ each by raising funds through fresh issue aggregating to Rs 12 Crore in April, 2023.