Atmastco IPO
The initial public offering (IPO) of Atmastco will open for subscription on February 15 and close on February 20, comprising fresh issues of Rs. 56.25 Cr. and offer for sale (OFS) of Rs. 14.06 Cr. An investor can apply for the issue for a minimum of 1600 shares and the listing will happen on February 23, 2024.
#1. Quick Intro to Atmastco
Atmastco Limited (1994) is a turnkey/EPC contractor, providing multi-disciplinary services and project management solutions in the ferrous and non-ferrous sectors.
Check out the IPO allotment status on IPO Deliver.
#2. IPO Object of Atmastco
The company intends to use the IPO Funds for the following purposes:
- To meet the working capital requirements.
- To prepayment and repayment of all or a portion of certain secured and unsecured loans availed by our company.
- General corporate purpose.
- To meet the offer expenses.
#3. Atmastco Core Strengths
- Established presence with more than two decades of experience in the design, manufacturing, and supply of precision equipment and heavy fabrication structures for various industries and EPC.
- Engage in the trading of steel, iron, chemical alloys, metals, grinding wheels, welding electrodes, abrasives, and industrial helmets which are extensively used for industrial use.
- Diversified Business with a product portfolio and consistent focus on quality.
- Established distribution network and long-term stable relationship with our customers.
- Integrated manufacturing facility to deliver quality products.
- Experienced promoter and strong senior management team with an extensive knowledge of the sector.
#4. Atmastco IPO Review & Rating
| Issue Size | Rs.56.25 Crore |
| Issue Price | Rs.77 per share |
| Minimum Lot Size | 1600 Shares |
| Total Profit (March 2023) | Rs.1,277.75 Lakh |
| ROE | 23.15% |
| ROCE | 29.91% |
| Listing on | NSE SME |
| IPO Deliver Rating | One |
#5. Atmastco IPO Dates, Price Band & Details
Atmastco IPO will open on February 15, 2024, and close on February 20, 2024. The IPO is to be listed on February 23, 2024.
| Type of issue | Fixed Price Issue IPO |
| Issue Size | Rs.56.25 Crore |
| Price Brand | Rs.77 per share |
| Face Value | Rs. 10/- per share |
| IPO Open Date | February 15, 2024 |
| IPO Close Date | February 20, 2024 |
| IPO Allotment Date | February 21, 2024 |
| Refund Date | February 22, 2024 |
| Share Credit Date | February 22, 2024 |
| Listing Date | February 23, 2024 |
#6. Atmastco IPO Offer Details
Atmastco IPO’s total issue size is 7,305,600. shares, comprising the below-mentioned categories.
| Offer Category | Shares Offer | Amount (Crore) |
| Fresh Issue | 5,480,000 | 42.20 |
| Offer for Sale (OFS) | 1,825,600 | 14.05 |
#7. Atmastco Financials Overview (Lakhs)
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category (Rs.) | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| Total Revenue | 24,278.76 | 9,468.14 | 6,990.68 |
| Net Worth | 5,520.33 | 4,235.23 | 3,912.23 |
| Profit | 1,277.75 | 323.00 | 60.46 |
| Total Borrowings | 7,125.68 | 5,155.92 | 5,410.48 |
#8. Atmastco Quantitative Factors
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| EPS (Rs.) | 8.63 | 2.18 | 0.41 |
| RoNW (%) | 23.15 | 7.63 | 1.55 |
| NAV (Rs.) | 37.27 | 28.59 | 26.41 |
#9. Atmastco Comparison with Other Peer Companies (Top 2)
Listed companies in India are comparable in all aspects of the business.
| Company Names | Total Revenue
(Rs. in …….) |
RoNW (%) | NAV (Rs.) |
| – | – | – | – |
| – | – | – | – |
#10. Atmastco Company Promoters
The company has two promoters as per the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP).
| Sr. No. | Name of Promoters |
| 01. | Subramaniam Swaminathan Iyer |
| 02. | Venkataraman Ganesan |
#11. Atmastco Pre-offer and Post-Offer Promoters Shareholding
| Promoters Holding | Percentage (%) |
| Pre-issue | 97.39 |
| Post-issue | 68.43 |
#12. Atmastco IPO Reservation Details
Atmastco IPO total reservation shares are distributed between the below-mentioned categories.
| Category | Share Offered |
| Retail Shares Offered | 3,469,600 (47.49%) |
| Other Shares Offered | 3,469,600 (47.49%) |
| Market Maker Shares Offered | 366,400 (5.02%) |
| Total Shares Offered | 7,305,600 (100%) |
#13. Atmastco IPO – Lot Size
An investor can apply for a minimum of 1600 Shares in multiple thereof. Market lot sizes for the retail individual investors and non-institutional investor (NII)/ HNI investors are as follows:
| Application | Lot Size | No. of Shares | Amount (Rs.) |
| Retail (Min.) | 1 | 1600 | 123,200 |
| Retail (Max.) | 1 | 1600 | 123,200 |
| HNI (Min.) | 2 | 3,200 | 246,400 |
#14. Atmastco IPO – Prospectus Copy
An investor can download/view the Atmastco prospectus copy, which the company filed to exchange, details are as follows.
| Atmastco IPO Prospectus |
| Draft Red Herring Prospectus (DRHP) |
| Red Herring Prospectus (RHP) |
#15. Atmastco IPO Registrar
Cameo Corporate Services Limited
Phone No.: +91-44-28460390
E-Mail: investor@cameoindia.com
Website: www.cameoindia.com
#16. Atmastco IPO Lead Manager
Affinity Global Capital Market Private Limited
Phone No.: +91-33-40047183
E-Mail: compliance@affinityglobal.in
Website: www.affinityglobal.in
#17. Atmastco IPO Application (How to Apply for an IPO)
There are three primary options for applying for an Atmastco IPO, details are as follows:
Option-1 Apply for IPO through Internet Banking
Step-1. Log into your bank account.
Step-2. In the invest Tab, you will see ASBA, click on it.
Step-3. Choose to apply for IPO and select the ongoing IPO “Atmastco Limited”
Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment.
Step-5. After the above steps, the respective amount will get blocked until the allotment date, and after that, it will get a refund/debited in case of rejection/allotment respectively.
Option-2 Apply for IPO through a Broker firm
Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)
Step-2. Click on the IPO tab and select the ongoing IPO “Atmastco Limited”
Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.
Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your account or refunded if no allotment is made to you.
Option-3 Apply for IPO Offline Mode Bank mode
Step-1. Visit the nearest branch of your bank.
Step-2. Fill out the ASBA form and submit it with KYC details.
Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your bank account or refunded if no allotment is made to you.
#18. Atmastco Company Details
Atmastco Limited
Registered Office: 157-158, Light Industrial Area, Nandini Road, Opp. Karuna Hospital, Drug, Bhilai, Chhattisgarh-490023.
Phone No: +91-9425235807
Email: cfo@atmastco.com
Website: www.atmastco.com
Investor Grievances/Compliance Officer: Venkataraman Ganesan
#19. Atmastco Subsidiary Companies (Top 2)
| Sr.No. | Name of Companies (Indian) |
| 01. | Atmastco Defence Systems Private Limited |
| 02. | – |
#20. Atmastco Company Board (Top 2)
| Sr. No. | Name of Directors |
| 01. | Subramaniam Swaminathan Iyer |
| 02. | Jayasudha Swaminathan |
Atmastco IPO – Frequently Asked Questions (FAQs)
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#1. What is an Atmastco IPO? Atmastco brings its IPO of Rs.56.25 Crore, on February 15, 2024, with a price band of Rs.77 per share. |
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#2. What is the Atmastco IPO Open date? Atmastco IPO’s opening date is February 15, 2024. |
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#3. What is the Atmastco IPO Close Date? Atmastco IPO’s closing date is February 20, 2024. |
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#4. What is the Atmastco IPO Listing date? Atmastco’s IPO listing date is February 23, 2024. |
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#5. What is the Atmastco IPO Minimum investment amount? Atmastco IPO’s minimum investment amount is Rs. 123,200. |
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#6. What is the Atmastco IPO offer issue Size? Atmastco offers an issue size of Rs.56.25 Crore. |
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#7. What is the Atmastco IPO Price Band? Atmastco’s IPO price band is Rs.77 per share. |
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#8. Is Atmastco IPO mainboard IPO or SME IPO? Atmastco IPO is a SME IPO. |