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 name | Atmastco Limited |
| Sector | Capital Goods |
| Industry | Engineering-Industrial Equipments |
| Company Website | https://www.atmastco.com/ |
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 date | 15 February 2024 |
| IPO Closing | 20 February 2024 |
| Basis of Allotment | 21 February 2024 |
| Initiation Refund | 22 February 2024 |
| Credit to Demat Account | 22 February 2024 |
| Listing Date | 23 February 2024 |
Atmastco IPO details
| Issue type | Fixed 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 size | 1600 Shares |
| Market Maker portion | 366,400 shares |
| Shareholding pre-issue | 19,254,690 |
| Shareholding post-issue | 24,734,690 |
| Listing Exchange | NSE SME |
Atmastco IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹123,200 |
| Retail (Max) | 1 | 1600 | ₹123,200 |
| HNI (Min) | 2 | 3,200 | ₹246,400 |
Atmastco IPO Reservation Details
| Retail Shares Offered | 50% |
| Other Shares Offered | 50% |
Atmastco Financial Performance
| FY 2021 | FY 2022 | FY 2023 | 5M FY 2024 | |
| Revenue | 69.39 | 93.61 | 241.95 | 66.57 |
| Expenses | 68.90 | 90.05 | 224.58 | 58.24 |
| Net income | 0.60 | 3.23 | 12.78 | 6.29 |
Atmastco Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 0.41 | 2.18 | 8.63 |
| PE ratio | – | – | 8.92 |
| RONW (%) | 1.55 | 7.63 | 23.15 |
| NAV | 26.41 | 28.59 | 37.27 |
| ROCE (%) | 15.07 | 20.38 | 29.91 |
| EBITDA (%) | 13.57 | 14.95 | 11.36 |
| Debt/Equity | 0.29 | 0.44 | 0.48 |
Company Promoters
- Mr. Subramaniam Swaminathan Iyer
- Mr. Venkataraman Ganesan
- Mrs. Jayasudha Iyer
- Apex Steel & Technology (India) Private Limited.
Promoter Holding
| Pre Issue Share Holding | 97.39% |
| Post Issue Share Holding | 68.43% |
Atmastco IPO Lead Manager(s)
AFFINITY GLOBAL CAPITAL MARKET PRIVATE LIMITED
20B, Abdul Hamid Street, East India House,
1st Floor, Room No. 1G, Kolkata – 700069
Phone: +91 33 4004 7188
Email: compliance@affinityglobal.in
Website: www.affinityglobalcap.in
Atmastco Registrar
CAMEO CORPORATE SERVICES LIMITED
No. 01, Club House Road, Mount Road,
Chennai – 600 002, Tamil Nadu
Phone: +91-44 4002 0700, 28460390
Email: ipo@cameoindia.com
Website: www.cameoindia.com
Contact Details
ATMASTCO LIMITED
157-158, Light Industrial Area, Nandini Road,
Opp. Karuna Hospital, Bhilai, Durg – 490 026, Chhattisgarh
Phone: +91 94252 35807
E-mail: cfo@atmastco.com
Website: www.atmastco.com
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
