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Atam Valves Ltd IPO (Atam Valves SME IPO) Detail

Sep 18, 2020 - Sep 25, 2020

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

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 Details

Atam Valves SME IPO Date Sep 18, 2020 to Sep 25, 2020
Atam Valves SME IPO Face Value ₹10 per share
Atam Valves SME IPO Price ₹40 per share
Atam Valves SME IPO Lot Size 3000 Shares
Issue Size1,125,000 shares of ₹10
(aggregating up to ₹4.50 Cr)
Fresh Issue1,125,000 shares of ₹10
(aggregating up to ₹4.50 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Company Promoters

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

Atam Valves SME IPO Timeline (Tentative Timetable)

Atam Valves SME IPO opens on Sep 18, 2020, and closes on Sep 25, 2020. The Atam Valves SME IPO bid date is from Sep 18, 2020 10.00 A.M. to Sep 25, 2020 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.

Event Date
Atam Valves SME IPO Opening Date Sep 18, 2020
Atam Valves SME IPO Closing Date Sep 25, 2020
Basis of Allotment Sep 30, 2020
Initiation of Refunds Oct 1, 2020
Credit of Shares to Demat Oct 5, 2020
Atam Valves SME IPO Listing Date Oct 6, 2020

Atam Valves SME IPO Lot Size

The Atam Valves SME IPO lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹120,000).

Application Lots Shares Amount
Minimum 1 3000 ₹120,000
Maximum 1 3000 ₹120,000

Atam Valves SME IPO Promoter Holding

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

Atam Valves SME IPO Review

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 Sep 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)
NII2.48
Retail3.35
Total2.91

Atam Valves SME IPO Prospectus

Atam Valves SME IPO Rating

86
2.9
Rating:Rated 2.9 stars
Vote Here ...

Atam Valves SME IPO Listing Date

Listing Date Tuesday, October 6, 2020
BSE Script Code 543236
NSE Symbol
Listing In MT Group of Securities
ISIN INE09KD01013
IPO Price ₹40 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹40.00
₹40.00
₹38.00
₹40.00
₹39.05

Company Contact Information

Atam Valves Ltd
1051, Industrial Area,
Jalandhar,

Phone: 0181 5001111
Email: cs@atamfebi.com
Website: http://www.valvesexporters.com

Atam Valves SME IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Atam Valves SME IPO Review

Atam Valves SME IPO Recommendation Summary

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

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IPO Broker Recommendations

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 Sep 18, 2020, and closes on Sep 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 Sep 18, 2020 and closes on Sep 25, 2020.

Atam Valves SME IPO lot size is 3000 Shares and the minimum order quantity is .

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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Atam Valves SME IPO will be done on Sep 30, 2020, and the allotted shares will be credited to your demat account by Oct 5, 2020. Check the Atam Valves SME IPO allotment status.

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

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18 Comments

14. Chem cho |   Link |Oct 7, 2020 6:30:42 PM
IPO Guru IPO Guru (2400+ Posts, 2600+ Likes)
AVOID
13. Ipo Masterr |   Link |Oct 6, 2020 1:52:24 PM
To all applicant
In sme IPO
Try to protect capital first.
12. Ipo Masterr |   Link |Oct 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 |Oct 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 |Oct 6, 2020 8:22:53 AM
All the best to all allotees.
Stay cautious
Sell on listing day IMO
9. IPOANALYSIS |   Link |Oct 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 |Sep 22, 2020 3:27:04 PM
When NII is Subscribe more than 10 times then think about apply.
8.1. Small Investor |   Link |Sep 29, 2020 12:08:21 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
Listing may be 41-42
7. Small Investor |   Link |Sep 22, 2020 1:54:00 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
Should be Apply in this counter
6. PRAFULDURAI |   Link |Sep 20, 2020 12:59:03 PM
This message has been removed by a moderator.
6.1. Soundara Rajan Srinivasan |   Link |Sep 21, 2020 11:53:11 AM
why then is SEBI allowing fraudsters to prosper on our exchanges?
5. papon |   Link |Sep 18, 2020 4:28:57 PM
Top Contributor Top Contributor (300+ Posts, 400+ 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 |Sep 20, 2020 2:12:42 PM
NII bids are to trap Retail investors
4. Adityasingh |   Link |Sep 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 |Sep 16, 2020 8:21:10 PM
Degrowth in financial date . Avoid
2. prem motwani |   Link |Sep 15, 2020 8:26:50 PM
Good night
1. MR. KUMAR |   Link |Sep 15, 2020 3:15:43 PM
After listing it will trade around 27 to 30
1.1. Ipo Masterr |   Link |Oct 6, 2020 10:11:04 AM
Highly possible