Atmastco Limited IPO
NSE SMEListed On: Feb 23, 2024 at ₹ 91.0
₹ 246400 /3200 Shares
*Min Investment
15 Feb, 2024
Open Date20 Feb, 2024
Close Date21 Feb, 2024
Allotment Date23 Feb, 2024
Listing DateAtmastco Limited IPO Issue Details
- Issue Price ₹77 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 73,05,600 shares(aggregating up to ₹56.25 crore)
- Fresh Share 54,80,000 shares(aggregating up to ₹42.2 crore)
- Offer For Sale 18,25,600 shares(aggregating up to ₹14.06 crore)
- Listing at NSE SME
- List Price 91.0
- Listing Date 2024-02-23
- Lead Manager Affinity Global Capital Market Private Limited
- Registrar Cameo Corporate Services Limited
Market Lot Size
Investors can bid for a minimum of 1600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1600 | ₹1,23,200 |
| Retail(max) | 1 | 1600 | ₹1,23,200 |
| NII (min) | 2 | 3,200 | ₹2,46,400 |
Atmastco Limited IPO Reservation
Atmastco Limited IPO offers total 7,305,600 shares. Out of which NA (NA%) allocated to QIB, NA (NA%) allocated to NII,3,469,600 (47.49%) allocated to RII, NA (NA%) allocated to employees and NA (NA%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | NA (NA%) | |
| Market Maker Shares Offered | 366,400 (5.02%) | |
| Retail Shares Offered | 3,469,600 (47.49%) | |
| Total Shares Offered | 7,305,600 (100%) |
Atmastco Limited IPO Details
Atmastco Limited IPO is an SME IPO, priced at ₹77 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 73,05,600 equity shares, aggregating up to ₹56.25 crores..
The IPO bidding window is open from Feb 15, 2024 to Feb 20, 2024. The allotment is expected to be finalized on Feb 21, 2024, and the tentative listing date is Feb 23, 2024.
The minimum lot size for Retail investors is 1600 shares, with a minimum investment of ₹1,23,200. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,46,400.
Affinity Global Capital Market Private Limited is acting as the lead manager to the issue. The registrar of the IPO is Cameo Corporate Services Limited, and Asnani Stock Broker Private Limited will act as the market maker for this issue.
Atmastco Limited IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 3,469,600 | 3,469,600 | 6,939,200 |
Day 1 15-02-24 06:00 PM | 0.42 x | 2.51 x | 1.47 x |
Day 2 16-02-24 06:00 PM | 0.81 x | 4.69 x | 2.75 x |
Day 3 19-02-24 06:00 PM | 2.00 x | 8.81 x | 5.41 x |
Day 4 20-02-24 06:00 PM | 15.17 x | 19.40 x | 17.28 x |
Atmastco Limited Valuations
Atmastco Limited Company Financials
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Assets | 23,620.72 | 13,273.94 | 12,036.21 |
| Revenue | 24,278.76 | 9,468.14 | 6,990.68 |
| Profit After Tax | 1,277.75 | 323.00 | 60.46 |
| Net Worth | 5,520.33 | 4,235.23 | 3,912.23 |
| Reserves & Surplus | 4,039.20 | 2,754.10 | 2,431.10 |
| Total Borrowing | 7,125.68 | 5,155.92 | 5,410.48 |
About Atmastco Limited Company
Incorporated in April of 1994, Atmastco Limited is the turnkey / EPC contractor specialized in multi-disciplinary services coupled with project management solutions in the Ferrous and non-ferrous sectors.
The company is also engaged in manufacturing of various precision equipment and heavy fabrication structures used in different applications in the industrial sector. Some of the products manufactured by the company are Ceiling Girder, Railway Girder, Columns & Bracings, Bolted Structures, Equipment and Pressure ducts, Box Columns, and more. They are very much in use in the construction of Power and Energy, Steel Plants, Cement Plants, Railway Bridges, Water Treatment Plants, Refinery & fertilizer plants, and Pre-Engineered buildings.
The business of the company includes three verticals: EPC/Turnkey Projects; Fabrication/Manufacturing; and Defence. The customer base is diversified, covering the following industries: power plants, refineries, steel plants, railways, cement plants, industrial and infrastructure, chemicals, pharmaceuticals, petrochemicals, and oil and gas explorations. As on January 31st, 2024, the company has a portfolio of 14 projects under execution.The trend on the business operations side has been upward. For instance, the total income as reflected from the Restated Consolidated Financial Statements has improved. From the FY 2021-2022 at Rs. 9,46,814.26 Thousand to the FY 2022-2023 at Rs. 24,27,875.62 Thousand.
It has two manufacturing facilities. One plant is situated opposite Karuna Hospital in Bhilai, Durg, Chhattisgarh, while the other unit is in Dhamdha, District Durg, Chhattisgarh.On July 22, 2020, the company established a separate legal entity for its wholly-owned subsidiary, Atmastco Defence Systems Private Limited. This wholly-owned subsidiary will manufacture bulletproof jackets and helmets exclusively for the military, besides full-body protectors for female troops and related activities.
The company has 276 employees working in different departments.
Atmastco Limited - Promoter(s)
Mr. Subramaniam Swaminathan Iyer, Mr. Venkataraman Ganesan, Mrs. Jayasudha Iyer and Apex Steel & Technology (India) Private Limited.
Pre Issue Share Holding : 97.39%
Post Issue Share Holding : 68.43%
Atmastco Limited IPO - Issue Objectives
To meet the working capital requirements
To prepayment and repayment of all or a portion of certain secured and unsecured loan availed by the company
General Corporate Purpose
To meet the Offer expenses
Contact Details
Atmastco Limited
157-158, Light Industrial Area, Nandini Road, Opp Karuna Hospital, Durg, Bhilai-490026
+91 94252 35807
Registrar Contact Details
Atmastco Limited IPO - FAQs
Ans. Atmastco Limited IPO is a SME IPO. The issue is priced at ₹77 per equity share. The minimum order quantity is 1600 Shares. The IPO opens on Feb 15, 2024, and closes on Feb 20, 2024. Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The Atmastco Limited IPO opens on Feb 15, 2024 and closes on Feb 20, 2024.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Atmastco Limited IPO is 7,305,600 shares(aggregating up to ₹56.25 Cr).
Ans. The Atmastco Limited IPO price band is set between ₹77 per equity share.
Ans. To apply for Atmastco Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Atmastco Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Atmastco Limited IPO is Feb 21, 2024.
Ans. The Atmastco Limited IPO will be listed on Feb 23, 2024.
Ans. Follow the steps to check the Atmastco Limited IPO allotment status online.
