Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
Atam Valves IPO is a fixed price issue of ₹4.50 crores. The issue is entirely a fresh issue of 0.11 crore shares of ₹4.50 crore.
Atam Valves IPO bidding started from Sep 18, 2020 and ended on Sep 25, 2020. The allotment for Atam Valves IPO was finalized on Sep 30, 2020. The shares got listed on BSE SME on Oct 6, 2020.
Atam Valves IPO price is ₹40.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (3000 shares). The minimum lot size investment for HNI is 2 lots (6,000 shares), amounting to ₹2,40,000.
Fedex Securities Pvt.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 Rikhav Securities Ltd..
Refer to Atam Valves IPO RHP for detailed Information.
| IPO Date | September 18, 2020 to September 25, 2020 |
| Listing Date | October 6, 2020 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹40 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 11,25,000 shares (aggregating up to ₹4.50 Cr) |
| Reserved for Market Maker | 57,000 shares Rikhav Securities Ltd. (aggregating up to ₹0.2280 Cr) |
| Net Offered to Public | 10,68,000 shares (aggregating up to ₹4.27 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 30,00,000 shares |
| Share Holding Post Issue | 41,25,000 shares |
Atam Valves SME IPO offers total 11,25,000 shares. Out of which 5,34,000 (47.47%) allocated to NII, 5,34,000 (47.47%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 57,000 (5.07%) |
| NII (HNI) Shares Offered | 5,34,000 (47.47%) |
| Retail Shares Offered | 5,34,000 (47.47%) |
| Total Shares Offered | 11,25,000 (100.00%) |
Atam Valves IPO opens on September 18, 2020, and closes on September 25, 2020.
| IPO Open Date | Fri, Sep 18, 2020 |
| IPO Close Date | Fri, Sep 25, 2020 |
| Tentative Allotment | Wed, Sep 30, 2020 |
| Initiation of Refunds | Thu, Oct 1, 2020 |
| Credit of Shares to Demat | Mon, Oct 5, 2020 |
| Tentative Listing Date | Tue, Oct 6, 2020 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Sep 25, 2020 |
Investors can bid for a minimum of 3,000 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 | 3,000 | ₹1,20,000 |
| Retail (Max) | 1 | 3,000 | ₹1,20,000 |
| HNI (Min) | 2 | 6,000 | ₹2,40,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1982, ATAM Valves limited is engaged in the business of various types of valves. The company's product range includes boiler mountings and various types of valves and fittings, steam traps and strainers.
Company manufacture bronze, cast iron, cast steel, carbon steel, stainless-steel, forged steel as well as gun metal industrial valves in various sizes. Also, they can alter the size as per customer requirement.
The company sell its product under two brand names, viz., ATAM and FEBI. Under the brand ATAM, they deal in Valves and fittings, steam traps and strainers. Under brand FEBI, they deal in Ball-Valves.
They have a presence in India as well as they export their product in United States, Kuwait, Kenya, South Africa, Malaysia, Dubai, Indonesia, Australia, Oman, Philippines, Ethiopia, Nepal and United Kingdom.
Competitive strengths
1. Fully integrated and self-reliant Manufacturing Facility
2. Experienced Management team
3. Focus on developing novel and innovative products
4. Technical expertise and vast industry experience
5. Customer-Base
6. Quality Assurance and Standards
7. Brand Value
| Particulars | For the year/period ended (Rs in lakhs) | |||
|---|---|---|---|---|
| 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | ||
| Total Assets | 1617.39 | 1,726.20 | 1,855.90 | |
| Total Revenue | 1632.54 | 1,841.34 | 1,732.23 | |
| Profit After Tax | 49.43 | 65.21 | 51.02 | |
The Company Atam Valves 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 | Repayment/ Prepayment of certain secured borrowings availed by our Company | 3.14 |
| 2 | General corporate purposes | 1.04 |
[Dilip Davda] AVL has posted inconsistency in its top and bottom lines for the last three fiscals. The issue is priced aggressively compared to a listed peer. There is no harm in giving this costly offer a "MISS". Read detail review...
| Listing Date | October 6, 2020 |
| BSE Script Code | 543236 |
| NSE Symbol | ATAM |
| ISIN | INE09KD01013 |
| Final Issue Price | ₹40 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹40.00 |
| Open | ₹40.00 |
| Low | ₹38.00 |
| High | ₹40.00 |
| Last Trade | ₹39.05 |
Atam Valves Ltd.
1051,
Industrial Area,
Jalandhar, Punjab, 144004
Phone: 0181 5001111
Email: cs@atamfebi.com
Website: http://www.valvesexporters.com
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Atam Valves IPO is a SME IPO of 11,25,000 equity shares of the face value of ₹10 aggregating up to ₹4.50 Crores. The issue is priced at ₹40 per share. The minimum order quantity is 3000.
The IPO opens on September 18, 2020, and closes on September 25, 2020.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Atam Valves IPO using UPI as a payment gateway. Zerodha customers can apply in Atam Valves IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Atam Valves IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Atam Valves IPO opens on September 18, 2020 and closes on September 25, 2020.
Atam Valves IPO lot size is 3000, and the minimum amount required for application is ₹1,20,000.
You can apply in Atam Valves 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 Atam Valves IPO will be done on Wednesday, September 30, 2020, and the allotted shares will be credited to your demat account by Monday, October 5, 2020. Check the Atam Valves IPO allotment status.
The Atam Valves IPO listing date is on Tuesday, October 6, 2020.
Useful Articles
RHP