Fixed Price IPO | ₹5 Cr | Listed at BSE SME | Fri, Sep 18, 2020 - Fri, Sep 25, 2020
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Fri, Sep 18, 2020
IPO Close
Fri, Sep 25, 2020
Issue Price
₹40 per share
Market Cap (Pre-IPO)
₹16.50 Cr
| IPO Date | 18 to 25 Sep, 2020 |
| Listed on | Tue, Oct 6, 2020 |
| Face Value | ₹10 per share |
| Issue Price | ₹40 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 11,25,000 shares (agg. up to ₹5 Cr) |
| Reserved for Market Maker | 57,000 shares Rikhav Securities Ltd. (agg. up to ₹0.2280 Cr) |
| Fresh Issue (Ex Market Maker) | 10,68,000 shares (agg. up to ₹4 Cr) |
| Net Offered to Public | 10,68,000 shares (agg. up to ₹4 Cr) |
| Share Holding Pre Issue | 30,00,000 shares |
| Share Holding Post Issue | 41,25,000 shares |
| BSE Script Code | 543236 ATAM |
| ISIN | INE09KD01013 |
Atam Valves IPO comprises a total issue size of 11,25,000 shares. The net offer to the public is 10,68,000 shares, after excluding 57,000 shares allotted on a firm basis. Of the Net offer 5,34,000 (50.00%) allocated to NII 5,34,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 5,34,000 | 50.00% | 47.47% |
| Retail Shares Offered | 5,34,000 | 50.00% | 47.47% |
| Firm Reservations | |||
| Market Maker Shares Offered | 57,000 | 5.07% | |
| Total Shares Offered | 11,25,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| 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 |
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
| 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 | Repayment/ Prepayment of certain secured borrowings availed by our Company | 3.14 |
| 2 | General corporate purposes | 1.04 |
The Atam Valves SME IPO is subscribed 2.91 times on September 25, 2020 6:49:02 PM (Day 6). The public issue subscribed 3.35 times in the retail category, [.] times in the QIB category, and 2.48 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 2.48 | 5,62,500 | 13,95,000 |
| Retail | 3.35 | 5,62,500 | 18,84,000 |
| Total | 2.91 | 11,25,000 | 32,79,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manager Fees including Underwriting Commission | 0.17 |
| 2 | Brokerage, Selling, Commission and upload fees | 0.00 |
| 3 | Registrar to the Issue | 0.01 |
| 4 | Legal and Other Advisory Services | 0.04 |
| 5 | Advertising Expense | 0.01 |
| 6 | Regulators including Stock Exchange | 0.02 |
| 7 | Printing and Distribution of issue stationery | 0.00 |
| 8 | Others, if any (Market making, depositories, marketing fees etc.) | 0.07 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹40.00 |
| Open | ₹40.00 |
| Low | ₹38.00 |
| High | ₹40.00 |
| Last Trade | ₹39.05 |
Lead Manager Reports
Atam Valves IPO is a SME IPO of 11,25,000 equity shares of the face value of ₹10 aggregating up to ₹5 Crores. The issue is priced at ₹40 per share. The minimum order quantity is 3000.
The IPO opens on Fri, Sep 18, 2020, and closes on Fri, Sep 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 Fri, Sep 18, 2020 and closes on Fri, Sep 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 Mon, Oct 5, 2020. Check the Atam Valves IPO allotment status.
The Atam Valves IPO listing date is on Tue, Oct 6, 2020.
