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Atam Valves Ltd IPO (Atam Valves SME IPO) Detail

September 18, 2020 - September 25, 2020

Atam Valves SME IPO is a fixed price issue of Rs 4.50 crores. The issue is entirely a fresh issue of 11.25 lakh shares.

Atam Valves SME IPO bidding started from September 18, 2020 and ended on September 25, 2020. The allotment for Atam Valves SME IPO was finalized on Wednesday, September 30, 2020. The shares got listed on BSE SME on October 6, 2020.

Atam Valves SME IPO price is ₹40 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹120,000.

Fedex Securities Pvt Ltd is the book running lead manager of the Atam Valves SME IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to Atam Valves SME IPO RHP for detailed information.

Atam Valves SME IPO Details

IPO Date September 18, 2020 to September 25, 2020
Listing Date October 6, 2020
Face Value ₹10 per share
Price ₹40 per share
Lot Size 3000 Shares
Total Issue Size1,125,000 shares
(aggregating up to ₹4.50 Cr)
Fresh Issue1,125,000 shares
(aggregating up to ₹4.50 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Market Maker portion57,000 shares

Atam Valves SME IPO Reservation

Atam Valves SME IPO offers 1,182,000 shares. 562,500 (47.59%) to NII, 562,500 (47.59%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered57,000 (4.82%)
Other Shares Offered562,500 (47.59%)
Retail Shares Offered562,500 (47.59%)
Total Shares Offered1,182,000 (100%)

Atam Valves SME IPO Timeline (Tentative Schedule)

Atam Valves SME IPO opens on September 18, 2020, and closes on September 25, 2020.

IPO Open Date Friday, September 18, 2020
IPO Close Date Friday, September 25, 2020
Basis of Allotment Wednesday, September 30, 2020
Initiation of Refunds Thursday, October 1, 2020
Credit of Shares to Demat Monday, October 5, 2020
Listing Date Tuesday, October 6, 2020
Cut-off time for UPI mandate confirmation 5 PM on September 25, 2020

Atam Valves SME IPO Lot Size

Investors can bid for a minimum of 3000 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 3000 ₹120,000
Retail (Max) 1 3000 ₹120,000
Lot Size Calculator

Atam Valves SME IPO Promoter Holding

Mr. Vimal Parkash Jain and Mr. Amit Jain are the promoters of the company.

Share Holding Pre Issue 99.99%
Share Holding Post Issue 72.73%

About Atam Valves Ltd

Incorporated in 1982, ATAM Valves limited is engaged in the business of various types of valves. The company's product range includes boiler mountings and various types of valves and fittings, steam traps and strainers.

Company manufacture bronze, cast iron, cast steel, carbon steel, stainless-steel, forged steel as well as gun metal industrial valves in various sizes. Also, they can alter the size as per customer requirement.

The company sell its product under two brand names, viz., ATAM and FEBI. Under the brand ATAM, they deal in Valves and fittings, steam traps and strainers. Under brand FEBI, they deal in Ball-Valves.

They have a presence in India as well as they export their product in United States, Kuwait, Kenya, South Africa, Malaysia, Dubai, Indonesia, Australia, Oman, Philippines, Ethiopia, Nepal and United Kingdom.

Competitive strengths
1. Fully integrated and self-reliant Manufacturing Facility
2. Experienced Management team
3. Focus on developing novel and innovative products
4. Technical expertise and vast industry experience
5. Customer-Base
6. Quality Assurance and Standards
7. Brand Value

Company Financials

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (Rs in lakhs)
31-Mar-20 31-Mar-19 31-Mar-18
Total Assets 1617.39 1,726.20 1,855.90
Total Revenue 1632.54 1,841.34 1,732.23
Profit After Tax 49.43 65.21 51.02

Objects of the Issue (Atam Valves SME IPO Objectives)

Company purposes utilizing the net IPO proceed towards following objectives;
1. Repayment/ Prepayment of certain secured borrowings availed by the Company; and
2. General corporate purposes

Atam Valves SME IPO Review (Avoid)

[Dilip Davda]  AVL has posted inconsistency in its top and bottom lines for the last three fiscals. The issue is priced aggressively compared to a listed peer. There is no harm in giving this costly offer a "MISS". Read detail review...

Atam Valves SME IPO Subscription Status (Bidding Detail)

The Atam Valves SME IPO is subscribed 2.91 times on September 25, 2020 6:49:02 PM. The public issue subscribed 3.35 times in the retail category, times in the QIB category, and 2.48 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Atam Valves SME IPO Prospectus

Atam Valves SME IPO Rating

Rating:Rated 2.9 stars
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Atam Valves SME IPO Listing Details

Listing Date October 6, 2020
BSE Script Code 543236
Final Issue Price ₹40 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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Atam Valves Ltd Contact Details

Atam Valves Ltd
1051, Industrial Area,

Phone: 0181 5001111

Atam Valves SME IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Atam Valves SME IPO - Buy or Not

Atam Valves SME IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 0 0 0

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Atam Valves SME IPO FAQs

Atam Valves SME IPO is a SME IPO of 1,125,000 equity shares of the face value of ₹10 aggregating up to ₹4.50 Crores. The issue is priced at ₹40 per share. The minimum order quantity is 3000 Shares.

The IPO opens on September 18, 2020, and closes on September 25, 2020.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Zerodha customers can apply online in Atam Valves SME IPO using UPI as a payment gateway. Zerodha customers can apply in Atam Valves SME IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Atam Valves SME IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Atam Valves SME IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Atam Valves SME IPO opens on September 18, 2020 and closes on September 25, 2020.

Atam Valves SME IPO lot size is 3000 Shares, and the minimum amount required is ₹120,000.

You can apply in Atam Valves SME 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 Atam Valves SME IPO will be done on Wednesday, September 30, 2020, and the allotted shares will be credited to your demat account by Monday, October 5, 2020. Check the Atam Valves SME IPO allotment status.

The Atam Valves SME IPO listing date is on October 6, 2020.
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Atam Valves SME IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



14. Chem cho |   Link |  Bookmark |October 7, 2020 6:30:42 PM
IPO Guru IPO Guru (2500+ Posts, 2700+ Likes)
13. Ipo Masterr |   Link |  Bookmark |October 6, 2020 1:52:24 PM
To all applicant
In sme IPO
Try to protect capital first.
12. Ipo Masterr |   Link |  Bookmark |October 6, 2020 10:13:40 AM
Bid ask window says it all as of now.

Trouble has risen for all the allotees
11. Ipo Masterr |   Link |  Bookmark |October 6, 2020 9:46:14 AM
Atam sme ipo was a perfect avoid for me.
Listed at par
No means of applying

Proved right just by not applying
10. Ipo Masterr |   Link |  Bookmark |October 6, 2020 8:22:53 AM
All the best to all allotees.
Stay cautious
Sell on listing day IMO
9. IPOANALYSIS |   Link |  Bookmark |October 1, 2020 11:59:06 AM
Sell on listing. Very poor fundamentals. Company has debt of 5 crore and profit of 61 lakh only. It does not own any manufacturing unit. It should be trading below 20 rs within 6 months

8. MR. KUMAR |   Link |  Bookmark |September 22, 2020 3:27:04 PM
When NII is Subscribe more than 10 times then think about apply.
8.1. Small Investor |   Link |  Bookmark |September 29, 2020 12:08:21 PM
IPO Guru IPO Guru (2100+ Posts, 1100+ Likes)
Listing may be 41-42
7. Small Investor |   Link |  Bookmark |September 22, 2020 1:54:00 PM
IPO Guru IPO Guru (2100+ Posts, 1100+ Likes)
Should be Apply in this counter
6. PRAFULDURAI |   Link |  Bookmark |September 20, 2020 12:59:03 PM
This message has been removed by a moderator.
6.1. Soundara Rajan Srinivasan |   Link |  Bookmark |September 21, 2020 11:53:11 AM
why then is SEBI allowing fraudsters to prosper on our exchanges?
5. papon |   Link |  Bookmark |September 18, 2020 4:28:57 PM
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
Don't get excited with nii bids. All are bogus, apply only when nii more than 10 times. Today's nii bids are bogus, only to attract retailers . These bids will be rejected due to some technical reasons. They are very clever. Remember real nii always put in their money at last day of any successful ipo. They don't block on the 1st day. See recent & past examples of ipo's.
5.1. PRAFULDURAI |   Link |  Bookmark |September 20, 2020 2:12:42 PM
NII bids are to trap Retail investors
4. Adityasingh |   Link |  Bookmark |September 19, 2020 2:34:58 AM
Though I won't apply in this but don't know why I think 40 is a fair issue price and it may perform well in 1 year. Like Midhani
3. IPOANALYSIS |   Link |  Bookmark |September 16, 2020 8:21:10 PM
Degrowth in financial date . Avoid
2. prem motwani |   Link |  Bookmark |September 15, 2020 8:26:50 PM
Good night
1. MR. KUMAR |   Link |  Bookmark |September 15, 2020 3:15:43 PM
After listing it will trade around 27 to 30
1.1. Ipo Masterr |   Link |  Bookmark |October 6, 2020 10:11:04 AM
Highly possible