13-Feb-2024
2 mins read
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Atmastco Limited IPO 2024 is open for subscription from Thursday, February 15, 2024 and will close on Tuesday, February 20, 2024. The price is decided at Rs 77 per share. The minimum lot size of this application for the retail category is 1600 shares. Whereas, the minimum lot size for HNI category is 2 lots consisting of 3200 shares. The minimum amount of investment required for retail category investors is Rs 1,23,200 (77 x 1600 shares). However for HNI category the minimum investment amount is required Rs 2,46,400 (77 x 3200 shares). Atmastco Limited IPO 2024 is a fixed price issue of Rs 56.25 crores. The issue is a combination of fresh issue and offer for sale. The fresh issue consists of 54.8 lakh equity shares amounting to Rs 42.20 crores and offer for sale consists of 18.26 lakh shares amounting to Rs 14.06 crores. The allotment for this IPO is expected to be finalized on Wednesday, February 21, 2024. Atmastco Limited IPO will list on NSE SME and listing date fixed on Friday, February 23, 2024. The book running lead manager of Atmastco Limited IPO is Affinity Global Capital Market Private Limited. The registrar for this IPO is Cameo Corporate Services Limited. The market maker for the Atmastco Limited IPO is Asnani Stock Broker.
About Atmastco Limited Company Profile
Atmastco Limited incorporated in 1994, it is engaged in the business of providing multidisciplinary services and product management solutions in the ferrous and non-ferrous sectors. The company is involved in manufacturing of various precision equipment and heavy fabrication structures for various industrial uses. Company is also engaged in the business of trading steel, iron, chemical alloys, metals, grinding wheels, welding electrodes, abrasives, and industrial helmets which are used extensively for industrial use. They have developed expertise in their line of operations which are characterized by their ability to minimize overheads, cost control and prevent overruns on project schedules along with required skill sets. Moreover, they have a track record in designing, manufacturing, procuring, constructing, commissioning, and servicing various equipment. Company’s customer base includes a diverse set of industries including power plants, refineries, steel plants, Railways, cement plants, Industrial and Infrastructure, Chemicals, Pharmaceuticals, Petrochemicals, Refineries, Power, Oil & Gas Explorations, etc.
Objectives of Atmastco Limited IPO
The funds raised from the issue will be utilized for the prepayment and repayment of certain secured and unsecured loans availed by the company. Moreover, the working capital requirements will also be met. Other than this, General corporate expenses and offer expenses will also be covered.
Financial Performance of Atmastco Limited
Company’s revenue increased by 156.43% and profit after tax increased by 295.58% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31-Aug-23 | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| 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 | 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 |
| Amt in Rs. Lakhs |
Other Important Details of Atmastco Limited IPO
| IPO Date | February 15, 2024 to February 20, 2024 |
| Listing Date | 23-Feb-24 |
| Face Value | Rs 10 per share |
| Price | Rs 77 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 7,305,600 shares (amounting to Rs 56.25 Crore) |
| Fresh Issue | 5,480,000 shares (amounting to Rs 42.20 Crore) |
| Offer for Sale | 1,825,600 shares of Rs 10 (amounting to Rs 14.06 Crore) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 19,254,690 |
| Shareholding post issue | 24,734,690 |
| Market Maker portion | 366,400 shares |
| Asnani Stock Broker |
Lot Size of Atmastco Limited IPO
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 1600 | Rs 123,200 |
| Retail (Max) | 1 | 1600 | Rs 123,200 |
| HNI (Min) | 2 | 3,200 | Rs 246,400 |
IPO Reservation of Atmastco Limited
| Investor Category | Shares Offered |
| Retail Shares Offered | 50% of the Net issue |
| Other Shares Offered | 50% of the Net issue |
Promoters of Atmastco Limited and Their Holdings
The Promoters of the company are Mr. Subramaniam Swaminathan Iyer, Mr. Venkataraman Ganesan, Mrs. Jayasudha Iyer and Apex Steel & Technology (India) Private Limited.
| Shareholding Pre Issue | 97.39% |
| Shareholding Post Issue | 68.43% |
Time-Table of Atmastco Limited IPO 2024
| 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 |
Key Performance Indicator of Atmastco Limited IPO 2024
| KPI | Values |
| ROE | 23.15% |
| ROCE | 29.91% |
| Debt/Equity | 0.48 |
| RoNW | 23.15% |
| P/BV | 0.13 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 6.64 | 6.1 |
| P/E (x) | 11.6 | 12.62 |
Lead Manager(s) of Atmastco Limited IPO 2024
The lead manager for Atmastco Limited IPO is Affinity Global Capital Market Private Limited.
How to Apply for Atmastco Limited IPO 2024
Wait for the public issue to open for subscription, then click here link to apply for the Atmastco Limited IPO with Bigul.
How to Check Allotment Status of Atmastco Limited IPO 2024
The registrar for Atmastco Limited IPO is Cameo Corporate Services Limited. To check your allotment status, please click here
FAQs
- What is Atmastco Limited IPO 2024?
Atmastco Limited IPO 2024 is a fixed price issue of Rs 56.25 crores. The issue is a combination of fresh issue and offer for sale. The price is decided at Rs 77 per share. The minimum lot size of this application for the retail category is 1600 shares. The allotment for this IPO is expected to be finalized on Wednesday, February 21, 2024.
- Who are the lead managers for the Atmastco Limited IPO 2024?
Affinity Global Capital Market Private Limited are appointed as the lead managers for the IPO.
- What is the role of Cameo Corporate Services Limited in this IPO?
Cameo Corporate Services Limited is the registrar for the Atmastco Limited handling the IPO’s administrative aspects.
- How can I apply for the Atmastco Limited IPO 2024?
The public subscription of this IPO will open on February 15, 2024. Visit Bigul website for the application process.
- How will the net proceeds from the IPO be utilized?
The funds raised from the issue will be utilized for the prepayment and repayment of certain secured and unsecured loans availed by the company. Moreover, the working capital requirements will also be met. Other than this, General corporate expenses and offer expenses will also be covered.
- How can I check the allotment status of the IPO?
You can check the allotment status of the Atmastco Limited IPO 2024 by Click here
- What is the financial performance of Atmastco Limited?
Company’s revenue increased by 156.43% and profit after tax increased by 295.58% between the financial year ending with March 31, 2023 and March 31, 2022.