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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 ₹77.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an individual investor (retail) is ₹1,23,200 (1600 shares). The minimum lot size investment for 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 Date | February 15, 2024 to February 20, 2024 |
| Listing Date | February 23, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹77 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 73,05,600 shares (aggregating up to ₹56.25 Cr) |
| Reserved for Market Maker | 3,66,400 shares Asnani Stock Broker Pvt.Ltd. (aggregating up to ₹2.82 Cr) |
| Fresh Issue (Ex Market Maker) | 51,13,600 shares (aggregating up to ₹39.37 Cr) |
| Offer for Sale | 18,25,600 shares of ₹10 (aggregating up to ₹14.06 Cr) |
| Net Offered to Public | 69,39,200 shares (aggregating up to ₹53.43 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,92,54,690 shares |
| Share Holding Post Issue | 2,47,34,690 shares |
Atmastco IPO offers total 73,05,600 shares. Out of which 34,69,600 (47.49%) allocated to NII, 34,69,600 (47.49%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,66,400 (5.02%) |
| NII (HNI) Shares Offered | 34,69,600 (47.49%) |
| Retail Shares Offered | 34,69,600 (47.49%) |
| Total Shares Offered | 73,05,600 (100.00%) |
Atmastco IPO opens on February 15, 2024, and closes on February 20, 2024.
| IPO Open Date | Thu, Feb 15, 2024 |
| IPO Close Date | Tue, Feb 20, 2024 |
| Tentative Allotment | Wed, Feb 21, 2024 |
| Initiation of Refunds | Thu, Feb 22, 2024 |
| Credit of Shares to Demat | Thu, Feb 22, 2024 |
| Tentative Listing Date | Fri, Feb 23, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Feb 20, 2024 |
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 | ₹1,23,200 |
| Retail (Max) | 1 | 1,600 | ₹1,23,200 |
| HNI (Min) | 2 | 3,200 | ₹2,46,400 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
Atmastco Limited's revenue increased by 156.43% and profit after tax (PAT) rose by 295.58% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Aug 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 24,391.56 | 23,620.72 | 13,273.94 | 12,036.21 |
| Total Income | 6,700.16 | 24,278.76 | 9,468.14 | 6,990.68 |
| Profit After Tax | 628.74 | 1,277.75 | 323.00 | 60.46 |
| Net Worth | 6,259.03 | 5,520.33 | 4,235.23 | 3,912.23 |
| Reserves and Surplus | 4,763.72 | 4,039.20 | 2,754.10 | 2,431.10 |
| Total Borrowing | 7,317.46 | 7,125.68 | 5,155.92 | 5,410.48 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Atmastco IPO is ₹190.46 Cr.
| KPI | Values |
|---|---|
| ROE | 23.15% |
| ROCE | 29.91% |
| Debt/Equity | 0.48 |
| RoNW | 23.15% |
| Price to Book Value | 0.13 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 6.64 | 6.10 |
| P/E (x) | 11.6 | 12.62 |
The company intend to utilize the issue proceeds to meet the following objects:
[Dilip Davda] The company is an EPC contractor and has diversified into project management solutions and defense related products like bulletproof jackets/helmets etc. However, defense segment activities is yet to take off. Based on FY24 annualized super earnings, the issue appears fully priced. Well-informed investors may park funds for the medium to long term rewards. Read detail review...
| Listing Date | February 23, 2024 |
| BSE Script Code | |
| NSE Symbol | ATMASTCO |
| ISIN | INE05DH01017 |
| Final Issue Price | ₹77 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹77.00 |
| Open | ₹91.00 |
| Low | ₹90.05 |
| High | ₹95.55 |
| Last Trade | ₹95.55 |
Atmastco Ltd.
157-158, Light Industrial Area, Nandini Road, Opp
Karuna Hospital, Durg
Bhilai,-490026
Bhilai, Chhattisgarh
Phone: + 91 94252 35807
Email: cfo@atmastco.com
Website: https://www.atmastco.com/
Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: priya@cameoindia.com
Website: https://ipo.cameoindia.com/
Atmastco IPO is a SME IPO of 73,05,600 equity shares of the face value of ₹10 aggregating up to ₹56.25 Crores. The issue is priced at ₹77 per share. The minimum order quantity is 1600.
The IPO opens on February 15, 2024, and closes on February 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 February 15, 2024 and closes on February 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 Thursday, February 22, 2024. Check the Atmastco IPO allotment status.
The Atmastco IPO listing date is on Friday, February 23, 2024.
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