What you must know about Atmastco IPO?
by 5paisa Research Team
12 Feb 2024
Listing Details
- Listing Exchange NSE SME
- Listing Date 23-Feb-24
- IPO Price Range ₹ 77
- Listing Price ₹ 91
- Listing Change 18.2%
- Last Traded Price ₹ 272.35
- Current Change 253.7%
Atmastco IPO Details
- Open Date 15-Feb-24
- Close Date 20-Feb-24
- Lot Size 1600
- IPO Size ₹ 56.25 Cr
- IPO Price Range ₹ 77
- Min Investment ₹ 123200
- Listing Exchange NSE SME
- Basis of Allotment 21-Feb-24
- Refunds 22-Feb-24
- Credit to Demat Account 22-Feb-24
- Listing Date 23-Feb-24
Atmastco IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 15-Feb-24 | - | 0.42 | 2.49 | 1.46 |
| 16-Feb-24 | - | 0.71 | 4.79 | 2.73 |
| 19-Feb-24 | - | 2.00 | 8.73 | 5.37 |
| 20-Feb-24 | - | 14.92 | 18.24 | 17.61 |
Atmastco IPO Synopsis
Atmastco Limited IPO is all set to open from 15th February to 20th February 2024. The company operates as a turnkey/Engineering Procurement and Construction Company (EPC) provider. The IPO includes a fresh issue of 5,480,000 shares worth ₹42.20 cr. and an Offer-for-Sale (OFS) of 1,825,600 shares worth ₹14.06 cr. The total IPO size is ₹56.25 cr. The share allotment date is 21st February 2024, and the IPO will be listed on 23rd February 2024 on the stock exchanges. The price is ₹77 and the lot size is 1600 shares.
Affinity Global Capital Market Private Limited is the book-running lead manager for this IPO, while Cameo Corporate Services Limited is the registrar.
Objectives of Atmastco IPO:
Atmastco Limited plans to utilize the raised capital from the IPO to:
● To repay/prepay in full or partially the secured/unsecured debt obtained by the company.
● To meet working capital requirements.
● General corporate purposes.
● To meet the issue expenses.
About Atmastco
Established in 2010, Atmastco Limited operates as a turnkey/Engineering Procurement and Construction Company (EPC) provider. The company executes contracts related to turnkey/EPC in ferrous and non-ferrous sectors and offers end-to-end solutions for multi-disciplinary services and project management.
Atmastco has three business verticals:
● Engineering Procurement and Construction
● Steel Fabrication
● Defence via Wholly-owned Subsidiary
The company also makes and supplies precision equipment and heavy fabrication structures for various industrial uses and other incomes such as Ceiling Girder, Railway Girder, Columns & Bracings, Bolted Structures, Equipment's and Pressure ducts, Box Columns etc. which are used in Power and Energy, Steel Plants, Cement Plants, Railway Bridges, Water Treatment Plants, Refinery & Fertilizer plants. Pre-Engineered Building etc.
It has two manufacturing units based in Chhattisgarh, India.
Peer Comparison
No listed peers
For More Information:
Webstory on Atmastco
Atmastco Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 241.95 | 93.61 | 69.38 |
| EBITDA | 28.32 | 15.06 | 9.93 |
| PAT | 12.77 | 3.23 | 0.60 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 236.20 | 132.73 | 120.36 |
| Share Capital | 14.81 | 14.81 | 14.81 |
| Total Borrowings | 181.00 | 90.38 | 81.23 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 20.07 | 2.93 | 1.69 |
| Net cash from / (used in) investing activities | -4.59 | 0.65 | -0.65 |
| Net cash flow from / (used in) financing activities | 23.02 | -0.92 | -3.76 |
| Net increase (decrease) in cash and cash equivalents | 38.50 | 2.66 | -2.72 |
Atmastco IPO Key Points
-
Strengths
1. The company has pre-qualification credentials, Strategic alliances and a Track record of organic growth due to goodwill in the market.
2. The company offers a wide range of customized technical solutions covering different Industry verticals.
3. It has a Robust Existing Order Book to showcase the business's financial strength.
4. The company has a license from the Government of India to manufacture and supply bulletproof jackets, ballistic helmets and other body armour products for military and para-military forces.
5. It also has efficient infrastructure and resource management with strict quality control standards.
6. Its business model is quite efficient.
-
Risks
1. The company is required to furnish financial and performance bank guarantees as part of the business.
2. It is exposed to significant construction risks on fixed-price or lump-sum turnkey contracts.
3. Operates in a highly competitive industry.
4. It has high working capital requirements.
Atmastco
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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Atmastco IPO FAQs
When does the Atmastco IPO open and close?
Atmastco IPO opens from 15th February to 20th February 2024.
What is the size of the Atmastco IPO?
The size of Atmastco IPO is ₹56.25 cr.
How to apply for the Atmastco IPO?
To apply for Atmastco IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Atmastco Limited IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
What is the price band of the IPO?
The price band of Atmastco IPO is fixed at ₹77 per share.
What is the minimum lot size and investment required for Atmastco IPO?
The minimum lot size of Atmastco IPO is 1600 shares and the investment required is ₹1,23,200.
What is the allotment date of the Atmastco IPO?
The share allotment date of Atmastco IPO is 21st February 2024.
What is the Atmastco IPO listing date?
The Atmastco IPO will be listed on 23rd February 2024.
Who are the book runners for the Atmastco IPO?
Affinity Global Capital Market Private Limited is the book-running lead manager for Atmastco IPO.
What is the objective of Atmastco IPO?
Atmastco plans to utilize the raised capital from the IPO to:
1. To repay/prepay in full or partially the secured/unsecured debt obtained by the company.
2. To meet working capital requirements.
3. General corporate purposes.
4. To meet the issue expenses.
Contact Details of Atmastco IPO
Contact Information
Atmastco Limited
157-158, Light Industrial Area, Nandini Road, Opp
Karuna Hospital, Durg
Bhilai,-490026
Phone: + 91 94252 35807
Email: cfo@atmastco.com
Website: https://www.atmastco.com/
Atmastco IPO Register
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: priya@cameoindia.com
Website: https://ipo.cameoindia.com/
Atmastco IPO Lead Manager
Affinity Global Capital Market Private Limited
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