Atmastco Limited

15 Feb 2024 - 20 Feb 2024 Individual Category SME IPO NSE

Min Investment

₹246400

Price Band

₹77

Issue Size

73.06 lakhs
Equity Shares

Lot Size

1600 (per lot)

IPO Dates
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15 Feb 2024

Open Date

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20 Feb 2024

Close Date

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21 Feb 2024

Allotment Date

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23 Feb 2024

Listing Date

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. 

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About Atmastco Limited

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.

Founded

1994

Managing Director

Subramanian Swaminathan Iyer

Parent Organization

IPO Objectives

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. 

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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