Atmastco Limited IPO

NSE SME

Listed On: Feb 23, 2024 at ₹ 91.0

₹ 123200 /1600 Shares

Check Allotment

Atmastco Limited IPO Details

15 Feb, 2024

Open Date

20 Feb, 2024

Close Date

21 Feb, 2024

Allotment Date

23 Feb, 2024

Listing Date

Issue Price

₹77 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

Cameo Corporate Services Limited

List Price

91.0

Listing Date

2024-02-23

Market Lot

1600 Shares (₹123,200/-)

Lead Manager

Affinity Global Capital Market Private Limited

Issue Size

7,305,600 shares(aggregating up to ₹56.25 Cr)

Retail Portion

50%

Subscription

17.28 times

IPO Docs

RHP

Atmastco Limited IPO Subscription Details

As on	QIB / NII	Retail	Total
Shares Offered / Reserved	3,469,600	3,469,600	6,939,200
Day 1 - 15-02-24 06:00 PM	0.42 x	2.51 x	1.47 x
Day 2 - 16-02-24 06:00 PM	0.81 x	4.69 x	2.75 x
Day 3 - 19-02-24 06:00 PM	2.00 x	8.81 x	5.41 x
Day 4 - 20-02-24 06:00 PM	15.17 x	19.40 x	17.28 x

Atmastco Limited Valuations

EPS Pre IPO

₹6.64/-

EPS Post IPO

₹6.1/-

P/E Pre IPO

11.6

P/E Post IPO

12.62

RoNW

23.15%

Atmastco Limited Company Financials All values are in ₹ Lakh

	31-Mar-23	31-Mar-22	31-Mar-21
Assets	23,620.72	13,273.94	12,036.21
Revenue	24,278.76	9,468.14	6,990.68
Profit After Tax	1,277.75	323.00	60.46

About The Company

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:
EPC/Turnkey Projects
Fabrication/Manufacturing
Defense

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 - Promoter(s)

Pre Issue Share Holding: 97.39%

Post Issue Share Holding: 68.43%

Company Promoter(s)

Mr. Subramaniam Swaminathan Iyer, Mr. Venkataraman Ganesan, Mrs. Jayasudha Iyer and Apex Steel & Technology (India) Private Limited.

Atmastco Limited IPO - Issue Objectives

To meet the working capital requirements
To prepayment and repayment of all or a portion of certain secured and unsecured loan availed by the company
General Corporate Purpose
To meet the Offer expenses

Atmastco Limited IPO - FAQs

Ans. Atmastco Limited IPO is a SME IPO. The issue is priced at ₹77 per equity share. The minimum order quantity is 1600 Shares. The IPO opens on Feb 15, 2024, and closes on Feb 20, 2024. Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Ans. The Atmastco Limited IPO opens on Feb 15, 2024 and closes on Feb 20, 2024.

Ans. The size of Atmastco Limited IPO is 7,305,600 shares(aggregating up to ₹56.25 Cr).

Ans. The IPO price band is set between ₹77 per equity share.

Ans. To apply for Atmastco Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Atmastco Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Atmastco Limited IPO is Feb 21, 2024.

Ans. The Atmastco Limited IPO will be listed on Feb 23, 2024.

Ans. Follow the steps to check the allotment status for Atmastco Limited IPO here.