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20 Nov 2024
Atmastco Limited IPO
Atmastco Ltd. an ISO 9001-2015, ISO 9001-2015, ISO 45001-2018 & ISO 14001-2015 certified Company engaged in the business of executing turnkey/Engineering Procurement and Construction Company (EPC) contracts in ferrous and non-ferrous sector and providing end-to-end solutions offering multi-disciplinary services and project management solutions. The company is also into manufactured products i.e. design, manufacturing and supply of precision equipment and heavy fabrication structures for various industrial use. Atmastco IPO is a fixed price issue of Rs 56.25 crores.
The issue is a combination of fresh issue of 54.8 lakh shares aggregating to Rs 42.20 crores and offer for sale of 18.26 lakh shares aggregating to Rs 14.06 crores. Atmastco IPO bidding started from February 15, 2024 and ended on February 20, 2024. Affinity Global Capital Market Private Limited is the book running lead manager of the Atmastco IPO, while Cameo Corporate Services Limited is the registrar for the issue. The market maker for Atmastco IPO is Asnani Stock Broker.
Atmastco IPO Overview
| Detail | Description |
|---|---|
| IPO Date | February 15, 2024 to February 20, 2024 |
| Listing Date | February 23, 2024 |
| Face Value | ₹10 per share |
| Price | ₹77 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 7,305,600 shares (aggregating up to ₹56.25 Cr) |
| Fresh Issue | 5,480,000 shares (aggregating up to ₹42.20 Cr) |
| Offer for Sale | 1,825,600 shares of ₹10 (aggregating up to ₹14.06 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 19,254,690 |
| Share holding post issue | 24,734,690 |
| Market Maker portion | 366,400 shares Asnani Stock Broker |
Atmastco IPO Timeline (Tentative Schedule)
| Detail | Description |
|---|---|
| IPO Open Date | Thursday, February 15, 2024 |
| IPO Close Date | Tuesday, February 20, 2024 |
| Basis of Allotment | Wednesday, February 21, 2024 |
| Initiation of Refunds | Thursday, February 22, 2024 |
| Credit of Shares to Demat | Thursday, February 22, 2024 |
| Listing Date | Friday, February 23, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 20, 2024 |
Atmastco IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹123,200 |
| Retail (Max) | 1 | 1600 | ₹123,200 |
| HNI (Min) | 2 | 3,200 | ₹246,400 |
Atmastco IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 366,400 (5.02%) |
| Other Shares Offered | 3,469,600 (47.49%) |
| Retail Shares Offered | 3,469,600 (47.49%) |
| Total Shares Offered | 7,305,600 (100%) |
Atmastco IPO Promoter Holding
| Share Holding Pre Issue | 97.39% |
| Share Holding Post Issue | 68.43% |
Company & Financials
The company was established in April 1994, Atmastco Limited is a turnkey/EPC contractor, providing multi-disciplinary services and project management solutions in the ferrous and non-ferrous sectors. The company is also involved in the manufacturing of various precision equipment and heavy fabrication structures used in different industrial applications. These products include Ceiling Girder, Railway Girder, Columns & Bracings, Bolted Structures, Equipment's and Pressure ducts, Box Columns, and more. They are widely used in construction of Power and Energy, Steel Plants, Cement Plants, Railway Bridges, Water Treatment Plants, Refinery & Fertilizer plants, and Pre-Engineered Buildings.
Atmastco Limited Financial Information
| Period Ended | 31 Aug 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 | ||||||||||||||||||||||||||||||||||||
| Assets | 24,391.56 | 23,620.72 | 13,273.94 | 12,036.21 | ||||||||||||||||||||||||||||||||||||
| Revenue | 6,700.16 | 24,278.76 | 9,468.14 | 6,990.68 | ||||||||||||||||||||||||||||||||||||
| Profit After Tax | 628.74 | 1,277.75 | 323.00 | 60.46 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 6,259.03 | 5,520.33 | 4,235.23 | 3,912.23 | ||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 4,763.72 | 4,039.20 | 2,754.10 | 2,431.10 | ||||||||||||||||||||||||||||||||||||
| Total Borrowing | 7,317.46 | 7,125.68 | 5,155.92 | 5,410.48 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 23.15% |
| ROCE | 29.91% |
| Debt/Equity | 0.48 |
| RoNW | 23.15% |
| P/BV | 0.13 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 6.64 | 6.1 |
| P/E (x) | 11.6 | 12.62 |
Objectives of Atmastco IPO
The company intend to utilise the issue proceeds to meet the following 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.
Atmastco Limited IPO Review
The company is an EPC contractor and has diversified into project management solutions and defence related products like bulletproof jackets/helmets etc. However, defence segment activities are yet to take off. Based on FY24 annualised super earnings, the issue appears fully priced. Well-informed investors may park funds for the medium to long term rewards.
FAQs for Atmastco IPO
-
What is Atmastco Limited IPO 2024?
Atmastco Limited IPO 2024 is a fixed price issue of Rs 56.25 crores. The issue is a combination of fresh issues and offers for sale. The price is decided at Rs 77 per share. The minimum lot size of this application for the retail category is 1600 shares. The allotment for this IPO is expected to be finalized on Wednesday, February 21, 2024.
-
What is Atmastco Limited's IPO?
The Atmastco Ltd IPO is a fresh issue and Offer for Sale aggregating to ₹56.25 crore. The price of the IPO is ₹77 per share. The IPO will open on February 15, 2024.
-
When will Atmastco Limited's IPO be allotted?
The Basis of Allotment will happen on Wednesday, February 21, 2024.
-
When will Atmastco Limited's IPO open for subscription?
The IPO subscription window will open on Thursday, February 15, 2024.
-
What minimum lot size can retail investors subscribe to?
The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 1600 shares.
-
When will Atmastco Limited list on exchanges?
Atmastco Ltd IPO will be listed on the NSE Emerge on Friday, February 23, 2024.
Atmastco IPO Subscription Status
Category
Subscription (times)
Other
14.92
Retail
18.24
Total
17.61
RHP:
RHP of Atmastco Limited IPO
-
What is Atmastco Limited IPO 2024?
Atmastco Limited IPO 2024 is a fixed price issue of Rs 56.25 crores. The issue is a combination of fresh issues and offers for sale. The price is decided at Rs 77 per share. The minimum lot size of this application for the retail category is 1600 shares. The allotment for this IPO is expected to be finalized on Wednesday, February 21, 2024.
-
What is Atmastco Limited's IPO?
The Atmastco Ltd IPO is a fresh issue and Offer for Sale aggregating to ₹56.25 crore. The price of the IPO is ₹77 per share. The IPO will open on February 15, 2024.
-
When will Atmastco Limited's IPO be allotted?
The Basis of Allotment will happen on Wednesday, February 21, 2024.
-
When will Atmastco Limited's IPO open for subscription?
The IPO subscription window will open on Thursday, February 15, 2024.
-
What minimum lot size can retail investors subscribe to?
The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 1600 shares.
-
When will Atmastco Limited list on exchanges?
Atmastco Ltd IPO will be listed on the NSE Emerge on Friday, February 23, 2024.
Atmastco IPO Subscription Status
| Category | Subscription (times) |
|---|---|
| Other | 14.92 |
| Retail | 18.24 |
| Total | 17.61 |
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