Article

Atmastco Limited IPO 2024: Explaining the IPO in Detail

  • 13-Feb-2024
  • 2 mins read

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

  1. 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.

  1. 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.

  1. 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.

  1. 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.

  1. 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.

  1. 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

  1. 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.

 


Become a Bigul Member in 5 minutes

Open Account

Let's Open Free Demat Account

Close

Let's Open Free Demat Account