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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. The allotment for Atmastco IPO was finalized on Wednesday, February 21, 2024. The shares got listed on NSE SME on February 23, 2024.
Atmastco IPO price is ₹77 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹123,200. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹246,400.
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.
Refer to Atmastco IPO RHP for detailed information.
| 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 offers 7,305,600 shares. 3,469,600 (47.49%) to NII, 3,469,600 (47.49%) to RII.
| 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 opens on February 15, 2024, and closes on February 20, 2024.
| 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 |
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 | ₹123,200 |
| Retail (Max) | 1 | 1600 | ₹123,200 |
| HNI (Min) | 2 | 3,200 | ₹246,400 |
| Lot Size Calculator | |||
The Promoters of the company are Mr. Subramaniam Swaminathan Iyer, Mr. Venkataraman Ganesan, Mrs. Jayasudha Iyer and Apex Steel & Technology (India) Private Limited.
| Share Holding Pre Issue | 97.39% |
| Share Holding Post Issue | 68.43% |
Incorporated 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 Building.
The company's business comprises of three verticals
The customer base encompasses a wide range of industries, including power plants, refineries, steel plants, railways, cement plants, industrial and infrastructure, chemicals, pharmaceuticals, petrochemicals, and oil and gas explorations.
As of January 31st, 2024, the company has a portfolio of 14 ongoing projects.
The company's business operations have displayed an upward trend, which is evident in the growth of its total income as per the Restated Consolidated Financial Statements. The income has increased from Rs. 9,46,814.26 Thousand in F.Y. 2021-2022 to Rs. 24,27,875.62 Thousand in F.Y. 2022-2023.
The company has two manufacturing facilities. One is located opposite Karuna Hospital in Bhilai, Durg, Chhattisgarh, and the second unit is located in Dhamdha, District Durg, Chhattisgarh.
The company established a separate legal entity for its wholly-owned subsidiary (WOS) called Atmastco Defence Systems Private Limited on July 22, 2020. This subsidiary is responsible for manufacturing bulletproof jackets and helmets specifically for military use, as well as full-body protectors for female troops and related activities.
The company employs 276 people in various departments.
Atmastco Limited's revenue increased by 156.43% and profit after tax (PAT) rose by 295.58% between the financial year ending with March 31, 2023 and March 31, 2022.
| 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 | ||||
The market capitalization of Atmastco IPO is Rs 190.46 Cr.
| 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 |
The company intend to utilize the issue proceeds to meet the following objects:
[Dilip Davda] The company is an EPC contractor and has diversified into project management solutions and defense related products like bulletproof jackets/helmets etc. However, defense segment activities is yet to take off. Based on FY24 annualized super earnings, the issue appears fully priced. Well-informed investors may park funds for the medium to long term rewards. Read detail review...
The Atmastco IPO is subscribed 17.61 times on February 20, 2024 6:21:00 PM. The public issue subscribed 18.24 times in the retail category, times in the QIB category, and 14.92 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 14.92 |
| Retail | 18.24 |
| Total | 17.61 |
Total Application : 39,543 (18.24 times)
| Listing Date | February 23, 2024 |
| BSE Script Code | |
| NSE Symbol | ATMASTCO |
| ISIN | INE05DH01017 |
| Final Issue Price | ₹77 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹77.00 |
| ₹91.00 |
| ₹90.05 |
| ₹95.55 |
| ₹95.55 |
Atmastco Limited
157-158, Light Industrial Area, Nandini Road, Opp
Karuna Hospital, Durg
Bhilai,-490026
Phone: + 91 94252 35807
Email: cfo@atmastco.com
Website: https://www.atmastco.com/
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: priya@cameoindia.com
Website: https://ipo.cameoindia.com/
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Atmastco IPO is a SME IPO of 7,305,600 equity shares of the face value of ₹10 aggregating up to ₹56.25 Crores. The issue is priced at ₹77 per share. The minimum order quantity is 1600 Shares.
The IPO opens on February 15, 2024, and closes on February 20, 2024.
Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Atmastco IPO using UPI as a payment gateway. Zerodha customers can apply in Atmastco IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Atmastco IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Atmastco IPO opens on February 15, 2024 and closes on February 20, 2024.
Atmastco IPO lot size is 1600 Shares, and the minimum amount required is ₹123,200.
You can apply in Atmastco 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 Atmastco IPO will be done on Wednesday, February 21, 2024, and the allotted shares will be credited to your demat account by Thursday, February 22, 2024. Check the Atmastco IPO allotment status.
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Company should cross last year turnover and profit(250 cr and 13 cr)
Pe would be around 30 then and this excludes defense business, once that comes online, it will boost revenue significantly
I am holding 1 alloted lot
Hni Ajay Aggarwal bought at 180 yesterday
They won't buy unless they know something