IPO Details
Bidding Dates
15 Feb '24 - 20 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 15, 2024
IPO Closing Date
Feb 20, 2024
Basis of Allotment
Feb 21, 2024
Initiation of Refunds
Feb 22, 2024
Credit of Shares to Demat Account
Feb 22, 2024
IPO Listing Date
Feb 23, 2024
UPI Mandate Expiry Date
Feb 20, 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-
The company offers a comprehensive range of customised technical solutions to cater to different industry verticals.
-
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-
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.
-
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.
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Atmastco Limited IPO FAQs
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.
The Basis of Allotment will happen on Wednesday, February 21, 2024.
The IPO subscription window will open on Thursday, February 15, 2024.
The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 1600 shares.
Atmastco Ltd IPO will be listed on the NSE Emerge on Friday, February 23, 2024.
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.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange, which is Friday, February 23, 2024, for Atmastco Ltd.
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.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
