The Atmastco date has been confirmed from February 15, 2024 and closes on February 20, 2024.
Atmastco Developers IPO is a fixed price issue of Rs 56.25 crores. The price is ₹77 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹123,200. The minimum lot size investment for HNI is 2 lots (3,200 shares)
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Bidding Dates
Feb 15-20
Price Range
₹77 per share
Face Value
₹10 per share
GMP
₹15
Atmastco IPO GMP
The Atmastco IPO GMP is ₹15.
IPO Overview
The Atmastco IPO is a fixed-price offering of Rs 56.25 crore. The offering consists of a fresh issue of 54.8 lakh shares totaling Rs 42.20 crores and an offer for sale of 18.26 lakh shares totaling Rs 14.06 crore. Atmastco’s initial public offering (IPO) begins on February 15, 2024 and ends on February 20, 2024. The allotment for the Atmastco IPO is expected to be completed on Wednesday, February 21, 2024. The Atmastco IPO will be listed on NSE SME, with a tentative listing date of Friday, February 23, 2024.
Atmastco’s IPO price is ₹77 per share. The minimum lot size for an application is 1600 shares. The minimum investment for retail investors is ₹123,200. The minimum investment for HNI is 2 lots (3,200 shares) worth ₹246,400.
Atmastco IPO Details
| IPO Date | February 15, 2024 to February 20, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹77 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 7,305,600 shares (aggregating up to ₹56.25 Cr) |
| Fresh Issue | 5,480,000 shares (aggregating up to ₹42.20 Cr) |
| Offer for Sale | 1,825,600 shares of ₹10 (aggregating up to ₹14.06 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 19,254,690 |
| Share holding post issue | 24,734,690 |
| Market Maker portion | 366,400 shares |
Atmastco Limited Financial Information
| 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 |
| Revenue | 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 | ||||
Atmastco IPO Timeline
| IPO Open Date | Thursday, February 15, 2024 |
| IPO Close Date | Tuesday, February 20, 2024 |
| Basis of Allotment | Wednesday, February 21, 2024 |
| Initiation of Refunds | Thursday, February 22, 2024 |
| Credit of Shares to Demat | Thursday, February 22, 2024 |
| Listing Date | Friday, February 23, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 20, 2024 |
Company Profile
Atmastco Limited, founded in April 1994, is a turnkey/EPC contractor that offers multidisciplinary services and project management solutions in both the ferrous and non-ferrous industries. The company also manufactures precision equipment and heavy fabrication structures for use in a variety of industrial applications. These goods include ceiling girders, railway girders, columns and bracings, bolted structures, equipment and pressure ducts, box columns, and more. They are commonly employed in the construction of power and energy plants, steel
plants, cement plants, railway bridges, water treatment plants, refineries and fertiliser factories, and prefabricated buildings. Customers come from a variety of industries, including power plants, refineries, steel plants, railways, cement plants, industrial and infrastructure, chemicals, pharmaceuticals, petrochemicals, and oil and gas exploration. As of January 31st, 2024, the company’s portfolio includes 14 ongoing projects. According to the Restated Consolidated Financial Statements, the company’s business operations have been trending upward, as seen by the increase in total income. The income has risen from Rs. 9,46,814.26 thousand in FY 2021-2022 to Rs. 24,27,875.62 thousand in FY 2022-2023.
The company operates two manufacturing plants. The first is near Karuna Hospital in Bhilai, Durg, Chhattisgarh, and the second is in Dhamdha, District Durg, Chhattisgarh. On July 22, 2020, the firm established a new legal entity for its wholly-owned subsidiary (WOS), Atmastco Defence Systems Private Limited. This business manufactures military-specific bulletproof jackets and helmets, as well as full-body armor for female troops and related operations. The organization employs 276 workers across several departments. The company’s business comprises of three verticals
- EPC/Turnkey Projects
- Fabrication/Manufacturing
- Defense
Registrar Info
| Name | Cameo Corporate Services Limited |
| Phone number | +91-44-28460390 |
| Email ID | priya@cameoindia.com |
| Website | ipo.cameoindia.com |
Contact Details
| Name | Atmastco Limited |
| Phone number | + 91 94252 35807 |
| Email ID | cfo@atmastco.com |
| Website | atmastco.com |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
