Atal Realtech Rights Issue will open for subscription from 02 September 2024. the company aims for an issue size of ₹25.90 Crores through this rights Issue.
About the company
Atal Realtech specializes in both contracting and sub-contracting across a wide range of government and private sector projects, including the construction of commercial and industrial buildings. The company primarily focuses on civil and structural construction work, often operating as a subcontractor under the direction of main contractors who have secured the project from a principal employer. As of May 2024, the company employs 28 individuals. The company focus area includes:
- Civil construction projects, which include structures such as sports complex projects (Indoor and Outdoor Sports Stadiums), multi-purpose halls, commercial structures, industrial structures, Hospitals, Cold Storages, Educational Institutions, mass housing projects
- Water Supply and Drainage Projects
- Road and Bridges Projects
- Major and Minor Irrigation Projects
Objectives of the Issue
- Towards working capital requirements
- General Corporate Purposes
Atal Realtech Rights Issue Timetable
| Last Date to buy shares | 21 August 2024 |
| Record Date | 22 August 2024 |
| Credit of Rights Entitlements | 28 August 2024 |
| Bid/Offer Opens On | 02 September 2024 |
| Renunciation of Rights Entitlements | 04 September 2024 |
| Bid/Offer Closes On | 10 September 2024 |
| Deemed Date of Allotment | 17 September 2024 |
| Credit Date | 18 September 2024 |
| Listing Date | 20 September 2024 |
Atal Realtech Rights Issue Details
| Issue Open | September 2, 2024 – September 10, 2024 |
| Security Name | Atal Realtech Limited |
| Issue Size (Shares) | 37,005,000 |
| Issue Size (Amount) | ₹25.90 Crores |
| Issue Price | ₹7 per share |
| Face Value | ₹2 per share |
| Listing At | BSE, NSE |
| Terms of Payment | The entire amount of the Issue Price shall be payable at the time of Application. |
| Entitlement | 1 Rights Equity Share(s) for every 2 fully paid-up Equity Shares held on Record Date |
Company Financials
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 40.43 | 40.63 | 40.83 |
| Expenses | 35.28 | 35.69 | 35.66 |
| Operating Margin (%) | 12.74 | 12.16 | 12.66 |
| Net Income | 2.15 | 2.17 | 2.14 |
| ROCE (%) | 11.69 | 10.54 | 10.35 |
Rights Issue Documents
Atal Realtech Rights Issue Lead Manager(s)
Atal Realtech Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 810 811 4949
Email: atalrealtech.rights2024@linkintime.co.in
Website: www.linkintime.co.in
Company Contact Information
ATAL REALTECH LIMITED
Unit No. 301 and 302, ABH Developers Town Square,
S No. 744, Nashik, Maharashtra, India, 422002
Phone: +91 253 – 2993859
Email: atalrealtech@gmail.com, info@atalrealtech.com
Website: www.atalrealtech.com
Final Thoughts
Applying for the rights issue is purely a personal choice. Make sure you conduct a detailed study of the company and its rights issues before you make an investment decision.
Happy investing
