₹25.90 Crores | Listing at BSE, NSE | Mon, Sep 2, 2024 - Thu, Sep 19, 2024
Atal Realtech Limited Rights Issue comprises 3.70 Cr equity shares aggregating to ₹25.90 Cr, offered at an issue price of ₹7 per share with a face value of ₹2 per share.
The record date for determining eligible shareholder is Aug 22, 2024, with the Rights Issue being offered in the entitlement ratio of 1 : 2.
The term of payment is defined as following : The entire amount of the Issue Price shall be payable at the time of Application.
The Rights Entitlements are expected to be credited to eligible demat accounts on .
The Rights Issue opens on Sep 2, 2024, and closes on Sep 19, 2024, with renunciation of Rights Entitlements permitted up to Sep 4, 2024.
The deemed date of allotment is [.] following which the equity shares are expected to be credited to demat accounts on and listed at the NSE and the BSE on [.].
MUFG Intime India Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Atal Realtech Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Thu, Aug 22, 2024
Entitlement Ratio
1 : 2
Open Date
Mon, Sep 2, 2024
Close Date
Thu, Sep 19, 2024
The entire amount of the Issue Price shall be payable at the time of Application.
Atal Realtech Limited's revenue increased by 1% and profit after tax (PAT) rose by 3% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 49.92 | 57.56 | |
| Revenue | 3.64 | 40.95 | 40.69 |
| Profit After Tax | 0.2 | 2.15 | 2.08 |
| Net Worth | 37.91 | 35.57 | 35.57 |
| Total Borrowing | 14.9 | 11.22 | 4.81 |
| Amount in ₹ Crore | |||
Atal Realtech Limited was incorporated in 2012 and provides integrated construction and engineering services. The company is a Class I-A construction contractor registered with the Government of Maharashtra PWD.
Atal Realtech is engaged as a contractor and sub-contractor for various government and private projects, which include the construction of commercial and industrial buildings.
Most of its construction activity involves building and civil engineering work carried out as a subcontractor to main contractors to whom the project has been assigned by a principle employer. The company has also carried out some projects directly as a contractor for certain private construction companies and real estate developers.
The company's focus areas include:
As of May 16, 2024, the company has 28 employees.
The Company proposes to utilize the Net Proceeds to:
[Dilip Davda] The company is operating in a highly competitive and fragmented segment of construction activities. It posted static performance for FY23 and FY24 and marked minuscule operations for Q1 of FY25. The RI is relatively appears aggressively priced and is not in line with its performance. Considering its net earnings, hike in post-RI equity capital may witness servicing issue. There is no harm in skipping this pricey RI. Read detail review...
Atal Realtech Rights Issue 2024 got oversubscribed by 1.17 times by the end of the bidding period with total bid quantity received by BSE and NSE of 4,33,07,212 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | NSE Bid Quantity | Total Bid Quantity | Subscription Times |
|---|---|---|---|---|
Sep 19 2024 17:00:00 | 3,62,23,684 | 70,83,528 | 4,33,07,212 | 1.17x |
Atal Realtech Limited
Unit No. 301 and 302,
ABH Developers Town Square,
S No. 744, Nashik, - 422002
Nashik, Maharashtra, 422002
The Atal Realtech Rights Issue 2024 opens on Mon, Sep 2, 2024, and closes on Thu, Sep 19, 2024.
Atal Realtech Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | Wed, Aug 28, 2024 |
| Last Date for renunciation of Rights Entitlements | Wed, Sep 4, 2024 |
| Issue Opening Date | Mon, Sep 2, 2024 |
| Issue Closing Date | Thu, Sep 19, 2024 |
| Date of Allotment (on or about) | |
| Date of Credit (on or about) | |
| Date of Listing (on or about) |
You can apply for Atal Realtech Rights Issue 2024 in two ways:
Steps to apply for Atal Realtech Rights Issue 2024 using Net Banking (ASBA)
Steps to apply for Atal Realtech Rights Issue 2024 using Registrar's website (R-WAP)
