Fixed Price IPO | ₹56 Cr | Listed at NSE SME | Thu, Feb 15, 2024 - Tue, Feb 20, 2024
Atmastco IPO is a fixed price issue of ₹56.25 crores. The issue is a combination of fresh issue of 0.55 crore shares aggregating to ₹42.20 crores and offer for sale of 0.18 crore shares aggregating to ₹14.06 crores.
Atmastco IPO bidding started from Feb 15, 2024 and ended on Feb 20, 2024. The allotment for Atmastco IPO was finalized on Feb 21, 2024. The shares got listed on NSE SME on Feb 23, 2024.
Atmastco IPO price is ₹77 per share. The lot size for an application is 1,600. The minimum amount of investment required by an individual investor (retail) is ₹1,23,200 (1600 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (3,200 shares), amounting to ₹2,46,400.
Affinity Global Capital Market Pvt.Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue. The Market Maker of the company is Asnani Stock Broker Pvt.Ltd..
Refer to Atmastco IPO RHP for detailed Information.
IPO Open
Thu, Feb 15, 2024
IPO Close
Tue, Feb 20, 2024
Issue Price
₹77 per share
Market Cap (Pre-IPO)
₹190.46 Cr
| IPO Date | 15 to 20 Feb, 2024 |
| Listed on | Fri, Feb 23, 2024 |
| Face Value | ₹10 per share |
| Issue Price | ₹77 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 | 73,05,600 shares (agg. up to ₹56 Cr) |
| Reserved for Market Maker | 3,66,400 shares Asnani Stock Broker Pvt.Ltd. (agg. up to ₹3 Cr) |
| Fresh Issue (Ex Market Maker) | 51,13,600 shares (agg. up to ₹39 Cr) |
| Offer for Sale | 18,25,600 shares of ₹10 (agg. up to ₹14 Cr) |
| Net Offered to Public | 69,39,200 shares (agg. up to ₹53 Cr) |
| Share Holding Pre Issue | 1,92,54,690 shares |
| Share Holding Post Issue | 2,47,34,690 shares |
| NSE Symbol | ATMASTCO |
| ISIN | INE05DH01017 |
Atmastco IPO comprises a total issue size of 73,05,600 shares. The net offer to the public is 69,39,200 shares, after excluding 3,66,400 shares allotted on a firm basis. Of the Net offer 34,69,600 (50.00%) allocated to NII 34,69,600 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 34,69,600 | 50.00% | 47.49% |
| Retail Shares Offered | 34,69,600 | 50.00% | 47.49% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,66,400 | 5.02% | |
| Total Shares Offered | 73,05,600 | 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 | ₹1,23,200 |
| Retail (Max) | 1 | 1,600 | ₹1,23,200 |
| HNI (Min) | 2 | 3,200 | ₹2,46,400 |
Incorporated in April 1994, 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
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.
| Period Ended | 31 Aug 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 243.92 | 236.21 | 132.74 | 120.36 |
| Total Income | 67.00 | 242.79 | 94.68 | 69.91 |
| Profit After Tax | 6.29 | 12.78 | 3.23 | 0.60 |
| NET Worth | 62.59 | 55.20 | 42.35 | 39.12 |
| Reserves and Surplus | 47.64 | 40.39 | 27.54 | 24.31 |
| Total Borrowing | 73.17 | 71.26 | 51.56 | 54.10 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet working capital Expenses | 11.78 |
| 2 | To Prepayment and repayment of all a portion of certain Secured and Unsecured loan availed by our company | 10.41 |
| 3 | General Corporate Purposes* | 13.26 |
| 4 | To meet the Offer Related Expenses | 6.75 |
| KPI | |
|---|---|
| ROE | 23.15% |
| ROCE | 29.91% |
| Debt/Equity | 0.48 |
| RoNW | 23.15% |
| PAT Margin | 5.28% |
| Price to Book Value | 0.13 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 6.64 | 6.10 |
| P/E (x) | 11.6 | 12.62 |
| Promoter Holding | 97.39% | 68.43% |
| Market Cap | ₹190.46 Cr. |
The Atmastco IPO is subscribed 17.61 times on February 20, 2024 6:21:00 PM (Day 4). The public issue subscribed 18.24 times in the retail category, [.] times in the QIB category, and 14.92 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 14.92 | 34,69,600 | 5,17,76,000 |
| Retail | 18.24 | 34,69,600 | 6,32,68,800 |
| Total | 17.61 | 69,39,200 | 12,21,80,800 |
Total Application : 39,543
*Market Maker portion is not included to NII/HNI.
| # | 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 | 2.11 |
| 2 | Fees Payable to Advertising and Marketing Expenses, Fees Payable to Regulators including Stock Exchange | 2.11 |
| 3 | Others (Banker’s to the Issue, Auditor’s fees, Printing and Stationery Expenses, Brokerage & Selling Commission (1)(2)(3)(4)(5) etc) | 2.53 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹77.00 |
| Open | ₹91.00 |
| Low | ₹90.05 |
| High | ₹95.55 |
| Last Trade | ₹95.55 |
Lead Manager Reports
Atmastco IPO is a SME IPO of 73,05,600 equity shares of the face value of ₹10 aggregating up to ₹56 Crores. The issue is priced at ₹77 per share. The minimum order quantity is 1600.
The IPO opens on Thu, Feb 15, 2024, and closes on Tue, Feb 20, 2024.
Cameo Corporate Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Atmastco IPO using UPI as a payment gateway. Zerodha customers can apply in Atmastco IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Atmastco IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Atmastco IPO opens on Thu, Feb 15, 2024 and closes on Tue, Feb 20, 2024.
Atmastco IPO lot size is 1600, and the minimum amount required for application is ₹1,23,200.
You can apply in Atmastco 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 Atmastco IPO will be done on Wednesday, February 21, 2024, and the allotted shares will be credited to your demat account by Thu, Feb 22, 2024. Check the Atmastco IPO allotment status.
The Atmastco IPO listing date is on Fri, Feb 23, 2024.
