Atmastco IPO

Atmastco IPO will open for subscription from 15 February 2024. The company aims for an issue size of ₹56.25 Cr through this IPO.

Company Overview

Full nameAtmastco Limited
SectorCapital Goods
IndustryEngineering-Industrial Equipments
Company Website

About Company

Atmastco is an ISO 9001:2015, ISO 45001:2018, and ISO 14001:2015 certified company engaged in executing turnkey/Engineering Procurement and Construction Company (EPC) contracts in the ferrous and non-ferrous sectors. The company offers end-to-end solutions, providing multi-disciplinary services and project management solutions. The company also manufactures precision equipment and heavy fabrication structures for various industrial uses. These products include ceiling girders, railway girders, columns and bracings, bolted structures, equipment, pressure ducts, box columns, etc. These items find applications in power and energy, steel plants, cement plants, railway bridges, water treatment plants, refineries, and fertilizer plants.

As of 31 October 2023, Atmastco’s project portfolio comprises 14 ongoing projects. These infrastructure projects involve various activities, including engineering, design, supply, construction, fabrication, and erection. The company’s customer base includes power plants, refineries, steel plants, railways, cement plants, industrial and infrastructure sectors, chemicals, pharmaceuticals, petrochemicals, power generation, oil and gas exploration, and more. As of 30 June 2023, the company employed 276 employees.

The Objectives of the Issue

  • To meet the working capital requirements
  • To prepayment and repayment of all or a portion of certain secured and unsecured loans availed by the company
  • General Corporate Purpose and
  • To meet the Offer expenses

Atmastco IPO Timetable

IPO Opening date15 February 2024
IPO Closing20 February 2024
Basis of Allotment21 February 2024
Initiation Refund22 February 2024
Credit to Demat Account22 February 2024
Listing Date23 February 2024
(Cut-off time for UPI mandate confirmation – 5 PM on February 20, 2024)

Atmastco IPO details

Issue typeFixed Price Issue IPO
IPO issue size₹56.25 Cr – 7,305,600 shares
Fresh Issue₹42.20 Cr – 5,480,000 shares
Offer for sale₹14.06 Cr – 1,825,600 shares
Face value₹10 per share
Offer Price₹77 per share
Lot size1600 Shares
Market Maker portion366,400 shares
Shareholding pre-issue19,254,690
Shareholding post-issue24,734,690
Listing ExchangeNSE SME

Atmastco IPO Lot Size

Retail (Min)11600₹123,200
Retail (Max)11600₹123,200
HNI (Min)23,200₹246,400

Atmastco IPO Reservation Details

Retail Shares Offered50%
Other Shares Offered50%

Atmastco Financial Performance

 FY 2021FY 2022FY 20235M FY 2024
Net income0.603.2312.786.29
(Amount in ₹ Crores)

Atmastco Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio8.92
RONW (%)1.557.6323.15
ROCE (%)15.0720.3829.91
EBITDA (%)13.5714.9511.36

Company Promoters

  • Mr. Subramaniam Swaminathan Iyer
  • Mr. Venkataraman Ganesan
  • Mrs. Jayasudha Iyer
  • Apex Steel & Technology (India) Private Limited.

Promoter Holding

Pre Issue Share Holding97.39%
Post Issue Share Holding68.43%

Atmastco IPO Lead Manager(s)

20B, Abdul Hamid Street, East India House,
1st Floor, Room No. 1G, Kolkata – 700069
Phone: +91 33 4004 7188

Atmastco Registrar

No. 01, Club House Road, Mount Road,
Chennai – 600 002, Tamil Nadu
Phone: +91-44 4002 0700, 28460390

Contact Details

157-158, Light Industrial Area, Nandini Road,
Opp. Karuna Hospital, Bhilai, Durg – 490 026, Chhattisgarh
Phone: +91 94252 35807

Atmastco IPO Allotment Status

Atmastco IPO allotment status will be available on Cameo Corporate Services’ website. Click on Cameo Corporate Services weblink to get allotment status.

Final thoughts

Atmastco IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.

Happy Investing

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