IPO Details

Bidding Dates

14 Feb '24 - 19 Feb '24

Minimum Investment

₹1,23,200 / 1 Lot (1,600 Share)

Price Range

₹77 per share

Maximum Investment

₹1,23,200 / 1 Lot

Retail Discount

N/A

Issue Size

₹56.25 crore

Investor category and sub category

To be announced

IPO Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Feb 14, 2024

IPO Closing Date

Feb 19, 2024

Basis of Allotment

Feb 20, 2024

Initiation of Refunds

Feb 21, 2024

Credit of Shares to Demat Account

Feb 21, 2024

IPO Listing Date

Feb 22, 2024

UPI Mandate Expiry Date

Feb 19, 2024

About Company

Incorporated on April 7, 1994, Atmastco Limited is involved in the business of executing turnkey/Engineering Procurement and Construction Company (EPC) contracts in ferrous and non-ferrous sectors, providing end-to-end solutions, offering multi-disciplinary services and project management solutions. The company is also involved in the design, manufacturing, and supply of precision equipment and heavy fabrication structures for various industrial uses. The company’s wholly-owned subsidiary manufactures bulletproof jackets and helmets for paramilitary forces.

The company is recognised as an approved vendor in the Master list of Approved Vendors issued by the Quality Assurance Civil Directorate, Research Designs, Standards Organization, Ministry of Railways and Government of India for the fabrication of Composite Girder and Other Steel Plate Girder Part B. Their customer base includes various industries, such as refineries, power plants, steel plants, railways, cement plants, chemicals, industrial and infrastructure, pharmaceuticals, petrochemicals, oil and gas explorations, etc. They have 2 manufacturing facilities in India. 

By 2028, the Indian metal fabrication market size is anticipated to reach USD 28.46 billion. On the other hand, the power EPC market in India is expected to grow at a CAGR of over 3% during the forecast period of 2020-2025. Atmastco Limited will probably also benefit from both these industries. 

Atmastco Limited IPO Details

Atmastco Limited IPO Date 

Atmastco Limited’s IPO will open on February 15, 2024, and close on February 20, 2024. The IPO will be listed on the NSE Emerge on February 23, 2024.

Atmastco Limited IPO Price Band

Atmastco Limited is a fresh issue and Offer for Sale aggregating to ₹56.25 crore. The price of the IPO is ₹77 per share.

Atmastco Limited IPO Lot Size

Atmastco Limited’s IPO lot size is 1,600 shares.

Atmastco Limited IPO Objectives 

The objectives of Atmastco Limited's IPO are listed below:

  • To prepay and repay all or a portion of certain secured and unsecured loans availed by the company.
  • For general corporate purposes. 
  • For working capital requirements.
  • To meet the offer expenses. 

Peer Details

As per DRHP, there are no listed peers whose business portfolio is comparable to the company.

How To Check the Atmastco Limited Allotment Status?

Steps to check IPO allotment status on Angel One’s app:

  • Log in to the Angel One app
  • Go to the IPO Section and then to IPO Orders
  • Select the individual IPO that you had applied for and check the allotment status.
  • Angel One will notify you of your IPO allotment status via push notification and email.

Open a demat account with Angel One to apply for the Atmastco Limited IPO.

Contact Details of Atmastco Limited IPO

  • Registered office: 157-158, Light Industrial Area, Nandini Road, Opp. Karuna Hospital, Durg, Bhilai, Chhattisgarh, India, 490026.
  • Phone:  +91 94252 35807 
  • E-mail: cfo@atmastco.com

Atmastco Financials

Particulars Year ending on March 31, 2023 (₹ thousands) Year ending on March 31, 2022 (₹ thousands) Year ending on March 31, 2021 (₹ thousands)
Total Revenue 24,27,875.62 9,46,814.26 6,99,067.87
Profit After Tax (PAT) 1,27,774.71 32,300.40 6,045.70
Net Worth 5,52,033.14 4,23,523.43 3,91,223.03
Total Borrowings 7,12,568.20 5,15,591.74 5,41,047.89

Know before investing

Strengths

2
  1. The company offers a comprehensive range of customised technical solutions to cater to different industry verticals.

  2. The company has a licence from the Indian Government to manufacture and supply bulletproof jackets, ballistic helmets and other body armour products for military and paramilitary forces.

Risks

2
  1. The company depends on certain key customers, from whom they derive a significant portion of their revenues. The loss of any significant customer may have a material and adverse impact on their business and the results of operations.

  2. The company is dependent on suppliers for an uninterrupted supply of raw materials. Any shortfall in the supply of raw materials or an increase in the raw material costs and other input costs may adversely impact the business of the company.

  • How to Apply in IPO
  • How to Check IPO Allotment Status

Login to Angel One App / Website & click on IPO

Select desired IPO & tap on "Apply"

Enter UPI ID, set quantity/price & submit

Accept mandate on the UPI app to complete the process

Login to Angel One App / Website

Choose IPO section on Home Page

Click IPO Orders

Chose the IPO application you want to view the status for

Atmastco Limited IPO FAQs

What is Atmastco Limited's IPO?

The Atmastco Ltd IPO is a fresh issue and Offer for Sale aggregating to ₹56.25 crore. The price of the IPO is ₹77 per share. The IPO will open on February 15, 2024.

When will Atmastco Limited's IPO be allotted?

The Basis of Allotment will happen on Wednesday, February 21, 2024.

When will Atmastco Limited's IPO open for subscription?

The IPO subscription window will open on Thursday, February 15, 2024.

What minimum lot size can retail investors subscribe to?

The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 1600 shares.

When will Atmastco Limited list on exchanges?

Atmastco Ltd IPO will be listed on the NSE Emerge on Friday, February 23, 2024.

How do I check the allotment status of the Atmastco Limited IPO?

Steps to check IPO allotment status on Angel One’s app:

  • Log in to the Angel One app
  • Go to the IPO Section and then to IPO Orders
  • Select the individual IPO that you had applied for and check the allotment status.
  • Angel One will notify you of your IPO allotment status via push notification and email.

What would be the listing gains on the Atmastco Limited IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange, which is Friday, February 23, 2024, for Atmastco Ltd.

I have finished the application process for the Atmastco Limited IPO, but the funds still need to be debited. What is the reason?

The bank will only block the amount initially in your account. Under the new system, the money isn’t debited until the stocks are allotted to you.

How do I approve the UPI mandate request for Atmastco Limited's IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of Atmastco Limited using one PAN?

You can submit only one application using your PAN card.