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Atal Realtech Limited Rights Issue (Atal Realtech Rights Issue 2024) Detail

September 2, 2024 - September 19, 2024
Atal Realtech Limited Logo

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:

  • Civil construction projects, which include structures such as sports complex projects (Indoor and Outdoor Sport Stadiums), multi-purpose hall, commercial structures, industrial structures, Hospitals, Cold Storages, Educational Institutions, and mass housing projects;
  • Water Supply and Drainage Projects;
  • Road and Bridges Projects;
  • Major and Minor Irrigation Projects

As of May 16, 2024, the company has 28 employees.

Atal Realtech Rights Issue 2024 Detail

Issue Open September 2, 2024 - September 19, 2024
Security Name Atal Realtech Limited
Issue Size (Shares) 37,005,000
Issue Size (Amount) ₹25.90 Crores
Issue Price ₹7 per share
Face Value ₹2 per share
Listing At BSE, NSE
Terms of Payment

The entire amount of the Issue Price shall be payable at the time of Application.

Entitlement 1 Rights Equity Share(s) for every 2 fully paid-up Equity Shares held on Record Date

Atal Realtech Rights Issue 2024 Issue Timetable

Last Date to buy sharesAugust 21, 2024
Record Date August 22, 2024
Credit of Rights Entitlements August 28, 2024
Bid/Offer Opens On September 2, 2024
Renunciation of Rights Entitlements September 4, 2024
Bid/Offer Closes On September 19, 2024
Deemed Date of Allotment
Credit Date
Listing Date

Company Financials

Atal Realtech Limited Financial Information (Restated)

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 Ended30 Jun 202431 Mar 202431 Mar 2023
Assets49.9257.56
Revenue3.6440.9540.69
Profit After Tax0.22.152.08
Net Worth37.9135.5735.57
Total Borrowing14.911.224.81
Amount in ₹ Crore

Objects of the Issue:

The Company proposes to utilize the Net Proceeds to:

  1. Towards working capital requirements
  2. General Corporate Purposes

Atal Realtech Rights Issue 2024 Subscription Status

Atal Realtech Rights Issue 2024 is subscribed 1.17 times as on September 19, 2024 3:40:00 PM. The total bid quantity received by BSE, NSE is 43,220,620 shares.

Atal Realtech Rights Issue 2024 Documents

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Company Contact Information

Atal Realtech Limited
Unit No. 301 and 302,
ABH Developers Town Square,
S No. 744, Nashik, - 422002

Phone: 9125329938
Email: info@atalrealtech.com
Website: https://www.atalrealtech.com/

Atal Realtech Rights Issue 2024 Registrar

  1. Link Intime India Private Ltd
    Phone: +91-22-4918 6270
    Email: atalrealtech.rights2024@linkintime.co.in
    Website: https://linkintime.co.in/initial_offer/public-issues.html

Atal Realtech Rights Issue 2024 Lead Manager(s)

Atal Realtech Rights Issue 2024 FAQs

The Atal Realtech Rights Issue 2024 opens on September 2, 2024, and closes on September 19, 2024.

Atal Realtech Rights Issue 2024 Schedule

Last Date for credit of Rights EntitlementsAugust 28, 2024
Last Date for renunciation of Rights EntitlementsSeptember 4, 2024
Issue Opening DateSeptember 2, 2024
Issue Closing DateSeptember 19, 2024
Date of Allotment (on or about)
Date of Credit (on or about)
Date of Listing (on or about)

Atal Realtech Rights Issue 2024 price is set at ₹7 per share per equity share.

The eligible shareholders are being offered 1 Rights Equity Share(s) for every 2 fully paid-up Equity Shares held on Record Date (August 22, 2024).

The record date for the Atal Realtech Rights Issue 2024 is August 22, 2024.

The issue size of Atal Realtech Rights Issue 2024 is of 37,005,000 equity shares at ₹7 per share aggregating upto ₹25.90 Crores.

The Letter of Offer for Atal Realtech Rights Issue 2024 can be download here.

You can apply for Atal Realtech Rights Issue 2024 in two ways:

  1. Net Banking (ASBA)
  2. Registrar's Website (R-WAP Facility)

Steps to apply for Atal Realtech Rights Issue 2024 using Net Banking (ASBA)

  1. Log in to the net banking account of your bank.
  2. Go to the 'IPO & Rights Issue' section.
  3. Check if the Atal Realtech Rights Issue 2024 available on the list.
  4. Click the Apply button next to the Atal Realtech Rights Issue 2024.
  5. Fill and check your information.
  6. Submit the application.

Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.

Steps to apply for Atal Realtech Rights Issue 2024 using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Atal Realtech Rights Issue 2024 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

1 Comments

1. Murthy   I Like It. |Report Abuse|  Link|August 18, 2024 10:28:33 PMReply
Draft Letter of offer:
https://www.bseindia.com/corporates/download/12952/Rights/DLOF_20240516173701.pdf

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