Atmastco Limited IPO
NSE SMEListed On: Feb 23, 2024 at ₹ 91.0
₹ 123200 /1600 Shares
Check Allotment15 Feb, 2024
Open Date20 Feb, 2024
Close Date21 Feb, 2024
Allotment Date23 Feb, 2024
Listing DateIssue Price
₹77 per equity shareFace Value
₹10 Per Equity ShareListing at Group
NSE SMERegistrar
Cameo Corporate Services LimitedList Price
91.0Listing Date
2024-02-23Market Lot
1600 Shares (₹123,200/-)Lead Manager
Affinity Global Capital Market Private LimitedIssue Size
7,305,600 shares(aggregating up to ₹56.25 Cr)Retail Portion
50%Subscription
17.28 timesAtmastco 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 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
EPS Pre IPO
₹6.64/-EPS Post IPO
₹6.1/-P/E Pre IPO
11.6P/E Post IPO
12.62ROE
23.15%ROCE
29.91%Debt/Equity
0.48RoNW
23.15%Price to Book Value
0.13Atmastco Limited Company Financials All values are in ₹ Lakh
| 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 The 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)
Pre Issue Share Holding: 97.39%
Post Issue Share Holding: 68.43%
- Mr. Subramaniam Swaminathan Iyer, Mr. Venkataraman Ganesan, Mrs. Jayasudha Iyer and Apex Steel & Technology (India) Private Limited.
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
Other Details
Atmastco Limited
157-158, Light Industrial Area, Nandini Road, Opp Karuna Hospital, Durg, Bhilai-490026Cameo Corporate Services Limited
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. The size of Atmastco Limited IPO is 7,305,600 shares(aggregating up to ₹56.25 Cr).
Ans. The IPO price band is set between ₹77 per equity share.
Ans. To apply for Atmastco Limited IPO 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 allotment status for Atmastco Limited IPO here.
