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Atal Realtech IPO is a fixed price issue of ₹10.83 crores. The issue is a combination of fresh issue of 0.03 crore shares aggregating to ₹2.19 crores and offer for sale of 0.12 crore shares aggregating to ₹8.64 crores.
Atal Realtech IPO bidding started from Sep 30, 2020 and ended on Oct 7, 2020. The allotment for Atal Realtech IPO was finalized on Oct 12, 2020. The shares got listed on NSE SME on Oct 15, 2020.
Atal Realtech IPO price is ₹72.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an individual investor (retail) is ₹1,15,200 (1600 shares). The minimum lot size investment for HNI is 2 lots (3,200 shares), amounting to ₹2,30,400.
Aryaman Financial Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Aryaman Capital Markets Ltd..
Refer to Atal Realtech IPO RHP for detailed Information.
| IPO Date | September 30, 2020 to October 7, 2020 |
| Listing Date | October 15, 2020 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹72 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 15,04,000 shares (aggregating up to ₹10.83 Cr) |
| Reserved for Market Maker | 76,800 shares Aryaman Capital Markets Ltd. (aggregating up to ₹0.5530 Cr) |
| Fresh Issue (Ex Market Maker) | 2,27,200 shares (aggregating up to ₹1.64 Cr) |
| Offer for Sale | 12,00,000 shares of ₹10 (aggregating up to ₹8.64 Cr) |
| Net Offered to Public | 14,27,200 shares (aggregating up to ₹10.28 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 46,30,000 shares |
| Share Holding Post Issue | 49,34,000 shares |
Atal Realtech IPO offers total 15,04,000 shares. Out of which 7,13,600 (47.45%) allocated to NII, 7,13,600 (47.45%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 76,800 (5.11%) |
| NII (HNI) Shares Offered | 7,13,600 (47.45%) |
| Retail Shares Offered | 7,13,600 (47.45%) |
| Total Shares Offered | 15,04,000 (100.00%) |
Atal Realtech IPO opens on September 30, 2020, and closes on October 7, 2020.
| IPO Open Date | Wed, Sep 30, 2020 |
| IPO Close Date | Wed, Oct 7, 2020 |
| Tentative Allotment | Mon, Oct 12, 2020 |
| Initiation of Refunds | Tue, Oct 13, 2020 |
| Credit of Shares to Demat | Wed, Oct 14, 2020 |
| Tentative Listing Date | Thu, Oct 15, 2020 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Oct 7, 2020 |
Investors can bid for a minimum of 1,600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,15,200 |
| Retail (Max) | 1 | 1,600 | ₹1,15,200 |
| HNI (Min) | 2 | 3,200 | ₹2,30,400 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2012, Atal Realtech Ltd is a construction company mainly engaged in contracting and sub-contracting various government and private projects.
They are registered contractor with the Government of Maharashtra Public Works Department and offers integrated civil works contracting and engineering services for structural construction and infrastructure sector projects. Majority of their projects implemented as a subcontractor for prakash Constrowell Ltd which is now known as Setubandhan Infrastructure Limited. They have successfully completed more than 20 projects under various contracting and / or sub-contacting agreements.
Apart from construction, Company is also engaged in trading activities, wherein they supply construction materials to their various clients as per their specific requirements.
The main area of their work includes:
1. Civil construction projects, which include structures such as sports complex projects (Indoor and Outdoor Sports Stadiums), multi-purpose hall, commercial structures, industrial structures, Hospitals, Cold Storages, Educational Institution, mass housing projects;
2. Water Supply and Drainage Projects;
3. Road and Bridges Projects;
4. Major and Minor Irrigation Projects.
| Particulars | For the year/period ended (Rs in Lacs) | |||
|---|---|---|---|---|
| 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | ||
| Total Assets | 5,730.34 | 5,002.59 | 2,816.60 | |
| Total Revenue | 5,869.23 | 5,826.18 | 5,157.11 | |
| Profit After Tax | 262.32 | 212.37 | 231.85 | |
The Company Atal Realtech IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Funding Working Capital Requirement | 1.55 |
| 2 | General Corporate Purpose | 0.46 |
[Dilip Davda] ARL has posted inconsistent top and bottom lines for the last three fiscals. On the basis of P/E and P/BV parameters, the issue appears fully priced. Following COVID-19 pandemic scare, this sector is currently witnessing downturn with subdued demand. Cash surplus, risk savvy investors may consider an investment at their own risk in this IPO. Read detail review...
| Listing Date | October 15, 2020 |
| BSE Script Code | |
| NSE Symbol | ATALREAL |
| ISIN | INE0ALR01011 |
| Final Issue Price | ₹72 per share |
| BSE Listing Group | ST |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹72.00 |
| Open | ₹70.20 |
| Low | ₹66.70 |
| High | ₹70.20 |
| Last Trade | ₹66.70 |
Atal Realtech Ltd.
Shop No. 1, Sumangal Builder House
Holaram Colony
Sadhu Vaswani Road
Nashik, Maharashtra, 422002
Phone: +91-253-231 2627
Email: info@atalrealtech.com
Website: http://www.atalrealtech.com
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Atal Realtech IPO is a SME IPO of 15,04,000 equity shares of the face value of ₹10 aggregating up to ₹10.83 Crores. The issue is priced at ₹72 per share. The minimum order quantity is 1600.
The IPO opens on September 30, 2020, and closes on October 7, 2020.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Atal Realtech IPO using UPI as a payment gateway. Zerodha customers can apply in Atal Realtech IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Atal Realtech IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Atal Realtech IPO opens on September 30, 2020 and closes on October 7, 2020.
Atal Realtech IPO lot size is 1600, and the minimum amount required for application is ₹1,15,200.
You can apply in Atal Realtech IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Atal Realtech IPO will be done on Monday, October 12, 2020, and the allotted shares will be credited to your demat account by Wednesday, October 14, 2020. Check the Atal Realtech IPO allotment status.
The Atal Realtech IPO listing date is on Thursday, October 15, 2020.
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