Atmastco Limited IPO
- IPO Date15 Feb, 2024 to 20 Feb, 2024
- Listing Date23 Feb, 2024
- Face Value₹10 per share
- Issue Price₹77 to ₹77 per share
- Lot Size1600 Shares
- Minimum Investment₹1,23,200
- Listing AtNSE SME
- Total Issue Size73,05,600 Shares
(aggregating up to ₹56.25 Cr) - Fresh Issue54,80,000 Shares
(aggregating up to ₹42.20 Cr)
- Offer for Sale18,25,600 Shares
(aggregating up to ₹14.06 Cr) - Issue TypeFixed Price Issue IPO
- Share holding pre issue1,92,54,690
- Shareholding post issue2,47,34,690
IPO Dates
Closing Date
20 Feb, 2024
Initiation of Refunds
22 Feb, 2024
Listing Date
23 Feb, 2024
15 Feb, 2024
Opening Date
21 Feb, 2024
Basis of Allotment
22 Feb, 2024
Credit of Shares
Atmastco Limited Lot Size
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Max) | 1 | 1600 | ₹1,23,200 |
| Retail (Min) | 1 | 1600 | ₹1,23,200 |
| HNI (Min) | 2 | 3200 | ₹2,46,400 |
Atmastco Limited Promoter Holding
The Promoters of the company are Mr. Subramaniam Swaminathan Iyer, Mr. Venkataraman Ganesan, Mrs. Jayasudha Iyer and Apex Steel & Technology (India) Private Limited.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 97.39% | 68.43% |
Atmastco Limited COMPANY INFORMATION
Atmastco IPO is a fixed price issue of Rs 56.25 crores. The issue is a combination of fresh issue of 54.8 lakh shares aggregating to Rs 42.20 crores and offer for sale of 18.26 lakh shares aggregating to Rs 14.06 crores. Atmastco IPO bidding started from February 15, 2024 and ended on February 20, 2024. The allotment for Atmastco IPO was finalized on Wednesday, February 21, 2024. The shares got listed on NSE SME on February 23, 2024. Atmastco IPO 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) amounting to ₹246,400. Affinity Global Capital Market Private Limited is the book running lead manager of the Atmastco IPO, while Cameo Corporate Services Limited is the registrar for the issue. The market maker for Atmastco IPO is Asnani Stock Broker. Refer to Atmastco IPO RHP for detailed information.
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
- EPC/Turnkey Projects
- Fabrication/Manufacturing
- Defense
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.
FAQs About Atmastco Limited Ipo
Atmastco Limited IPO will open on 15 Feb, 2024 and close on 20 Feb, 2024. Investors must apply within this period to participate.
The Atmastco Limited IPO price band is set between ₹77.00 and ₹77.00 per share. The minimum lot size is 1600, requiring an investment of at least ₹123200.00.
The Atmastco Limited IPO shares are expected to be listed on 23 Feb, 2024, subject to regulatory approvals and final allotment.
You can track your Atmastco Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Atmastco Limited IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.