Fixed Price IPO | ₹11 Cr | Listed at NSE SME | Wed, Sep 30, 2020 - Wed, Oct 7, 2020
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Wed, Sep 30, 2020
IPO Close
Wed, Oct 7, 2020
Issue Price
₹72 per share
Market Cap (Pre-IPO)
₹35.52 Cr
| IPO Date | 30 Sep to 7 Oct, 2020 |
| Listed on | Thu, Oct 15, 2020 |
| Face Value | ₹10 per share |
| Issue Price | ₹72 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 15,04,000 shares (agg. up to ₹11 Cr) |
| Reserved for Market Maker | 76,800 shares Aryaman Capital Markets Ltd. (agg. up to ₹0.5530 Cr) |
| Fresh Issue (Ex Market Maker) | 2,27,200 shares (agg. up to ₹2 Cr) |
| Offer for Sale | 12,00,000 shares of ₹10 (agg. up to ₹9 Cr) |
| Net Offered to Public | 14,27,200 shares (agg. up to ₹10 Cr) |
| Share Holding Pre Issue | 46,30,000 shares |
| Share Holding Post Issue | 49,34,000 shares |
| NSE Symbol | ATALREAL |
| ISIN | INE0ALR01011 |
Atal Realtech IPO comprises a total issue size of 15,04,000 shares. The net offer to the public is 14,27,200 shares, after excluding 76,800 shares allotted on a firm basis. Of the Net offer 7,13,600 (50.00%) allocated to NII 7,13,600 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 7,13,600 | 50.00% | 47.45% |
| Retail Shares Offered | 7,13,600 | 50.00% | 47.45% |
| Firm Reservations | |||
| Market Maker Shares Offered | 76,800 | 5.11% | |
| Total Shares Offered | 15,04,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| 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 |
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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding Working Capital Requirement | 1.55 |
| 2 | General Corporate Purpose | 0.46 |
The Atal Realtech IPO is subscribed 1.2 times on October 7, 2020 5:00:01 PM (Day 5). The public issue subscribed 0.4 times in the retail category, [.] times in the QIB category, and 1.99 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.99 | 7,13,600 | 14,20,800 |
| Retail | 0.4 | 7,13,600 | 2,84,800 |
| Total | 1.2 | 14,27,200 | 17,05,600 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Offer Management fees including fees and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses | 0.34 |
| 2 | Brokerage and selling commission | 0.06 |
| 3 | Printing & Stationery, Distribution, Postage, etc. | 0.03 |
| 4 | Advertisement and Marketing Expenses | 0.03 |
| 5 | Stock Exchange Fees, Regulatory and other Expenses | 0.06 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹72.00 |
| Open | ₹70.20 |
| Low | ₹66.70 |
| High | ₹70.20 |
| Last Trade | ₹66.70 |
Lead Manager Reports
Atal Realtech IPO is a SME IPO of 15,04,000 equity shares of the face value of ₹10 aggregating up to ₹11 Crores. The issue is priced at ₹72 per share. The minimum order quantity is 1600.
The IPO opens on Wed, Sep 30, 2020, and closes on Wed, Oct 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 Wed, Sep 30, 2020 and closes on Wed, Oct 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 Wed, Oct 14, 2020. Check the Atal Realtech IPO allotment status.
The Atal Realtech IPO listing date is on Thu, Oct 15, 2020.
