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Atal Realtech IPO is a fixed price issue of Rs 10.83 crores. The issue is a combination of fresh issue of 3.04 lakh shares aggregating to Rs 2.19 crores and offer for sale of 12 lakh shares aggregating to Rs 8.64 crores.
Atal Realtech IPO bidding started from September 30, 2020 and ended on October 7, 2020. The allotment for Atal Realtech IPO was finalized on Monday, October 12, 2020. The shares got listed on NSE SME on October 15, 2020.
Atal Realtech IPO price is ₹72 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹115,200.
Aryaman Financial Services Limited and Galactico Corporate Services Limited are the book running lead managers of the Atal Realtech IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Atal Realtech IPO RHP for detailed information.
| IPO Date | September 30, 2020 to October 7, 2020 |
| Listing Date | October 15, 2020 |
| Face Value | ₹10 per share |
| Price | ₹72 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 1,504,000 shares (aggregating up to ₹10.83 Cr) |
| Fresh Issue | 304,000 shares (aggregating up to ₹2.19 Cr) |
| Offer for Sale | 1,200,000 shares of ₹10 (aggregating up to ₹8.64 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 4,630,000 |
| Share holding post issue | 4,934,000 |
| Market Maker portion | 76,800 shares |
Atal Realtech IPO offers 1,504,000 shares. 713,600 (47.45%) to NII, 713,600 (47.45%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 76,800 (5.11%) |
| Other Shares Offered | 713,600 (47.45%) |
| Retail Shares Offered | 713,600 (47.45%) |
| Total Shares Offered | 1,504,000 (100%) |
Atal Realtech IPO opens on September 30, 2020, and closes on October 7, 2020.
| IPO Open Date | Wednesday, September 30, 2020 |
| IPO Close Date | Wednesday, October 7, 2020 |
| Basis of Allotment | Monday, October 12, 2020 |
| Initiation of Refunds | Tuesday, October 13, 2020 |
| Credit of Shares to Demat | Wednesday, October 14, 2020 |
| Listing Date | Thursday, October 15, 2020 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 7, 2020 |
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below 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 | ₹115,200 |
| Retail (Max) | 1 | 1600 | ₹115,200 |
| Lot Size Calculator | |||
Mr. Vijaygopal Atal is the promoter of the Company.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 69.52% |
Incorporated in 2012, Atal Realtech Ltd is a construction company mainly engaged in contracting and sub-contracting various government and private projects.
They are registered contractor with the Government of Maharashtra Public Works Department and offers integrated civil works contracting and engineering services for structural construction and infrastructure sector projects. Majority of their projects implemented as a subcontractor for prakash Constrowell Ltd which is now known as Setubandhan Infrastructure Limited. They have successfully completed more than 20 projects under various contracting and / or sub-contacting agreements.
Apart from construction, Company is also engaged in trading activities, wherein they supply construction materials to their various clients as per their specific requirements.
The main area of their work includes:
1. Civil construction projects, which include structures such as sports complex projects (Indoor and Outdoor Sports Stadiums), multi-purpose hall, commercial structures, industrial structures, Hospitals, Cold Storages, Educational Institution, mass housing projects;
2. Water Supply and Drainage Projects;
3. Road and Bridges Projects;
4. Major and Minor Irrigation Projects.
| Particulars | For the year/period ended (Rs in Lacs) | |||
|---|---|---|---|---|
| 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | ||
| Total Assets | 5,730.34 | 5,002.59 | 2,816.60 | |
| Total Revenue | 5,869.23 | 5,826.18 | 5,157.11 | |
| Profit After Tax | 262.32 | 212.37 | 231.85 | |
The Objects of the Net Proceeds from Fresh Issue is to raise funds for:
1. Funding Working Capital Requirement;
2. General Corporate Purpose.
[Dilip Davda] ARL has posted inconsistent top and bottom lines for the last three fiscals. On the basis of P/E and P/BV parameters, the issue appears fully priced. Following COVID-19 pandemic scare, this sector is currently witnessing downturn with subdued demand. Cash surplus, risk savvy investors may consider an investment at their own risk in this IPO. Read detail review...
The Atal Realtech IPO is subscribed 1.20 times on October 7, 2020 5:00:01 PM. The public issue subscribed 0.40 times in the retail category, times in the QIB category, and 1.99 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 1.99 |
| Retail | 0.40 |
| Total | 1.20 |
| Listing Date | October 15, 2020 |
| BSE Script Code | |
| NSE Symbol | ATALREAL |
| ISIN | INE0ALR01011 |
| Final Issue Price | ₹72 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹72.00 |
| ₹70.20 |
| ₹66.70 |
| ₹70.20 |
| ₹66.70 |
Atal Realtech Ltd
Shop No. 1, Sumangal Builder House,
Holaram Colony,
Sadhu Vaswani Road, Nashik - 422 002
Phone: +91-253-231 2627
Email: info@atalrealtech.com
Website: http://www.atalrealtech.com
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Atal Realtech IPO is a SME IPO of 1,504,000 equity shares of the face value of ₹10 aggregating up to ₹10.83 Crores. The issue is priced at ₹72 per share. The minimum order quantity is 1600 Shares.
The IPO opens on September 30, 2020, and closes on October 7, 2020.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Atal Realtech IPO using UPI as a payment gateway. Zerodha customers can apply in Atal Realtech IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Atal Realtech IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Atal Realtech IPO opens on September 30, 2020 and closes on October 7, 2020.
Atal Realtech IPO lot size is 1600 Shares, and the minimum amount required is ₹115,200.
You can apply in Atal Realtech IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Atal Realtech IPO will be done on Monday, October 12, 2020, and the allotted shares will be credited to your demat account by Wednesday, October 14, 2020. Check the Atal Realtech IPO allotment status.
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