Atmastco Limited IPO Detail
Incorporated in April 1994, Atmastco Limited is a turnkey/EPC contractor, providing multi-disciplinary services and project management solutions in the ferrous and non-ferrous sectors.
The company is also involved in the manufacturing of various precision equipment and heavy fabrication structures used in different industrial applications. These products include Ceiling Girder, Railway Girder, Columns & Bracings, Bolted Structures, Equipment's and Pressure ducts, Box Columns, and more. They are widely used in construction of Power and Energy, Steel Plants, Cement Plants, Railway Bridges, Water Treatment Plants, Refinery & Fertilizer plants, and Pre-Engineered Building.
The company's business comprises of three verticals
- EPC/Turnkey Projects
- Fabrication/Manufacturing
- Defense
The customer base encompasses a wide range of industries, including power plants, refineries, steel plants, railways, cement plants, industrial and infrastructure, chemicals, pharmaceuticals, petrochemicals, and oil and gas explorations.
As of January 31st, 2024, the company has a portfolio of 14 ongoing projects.
The company's business operations have displayed an upward trend, which is evident in the growth of its total income as per the Restated Consolidated Financial Statements. The income has increased from Rs. 9,46,814.26 Thousand in F.Y. 2021-2022 to Rs. 24,27,875.62 Thousand in F.Y. 2022-2023.
The company has two manufacturing facilities. One is located opposite Karuna Hospital in Bhilai, Durg, Chhattisgarh, and the second unit is located in Dhamdha, District Durg, Chhattisgarh.
The company established a separate legal entity for its wholly-owned subsidiary (WOS) called Atmastco Defence Systems Private Limited on July 22, 2020. This subsidiary is responsible for manufacturing bulletproof jackets and helmets specifically for military use, as well as full-body protectors for female troops and related activities.
The company employs 276 people in various departments.
Company Promoters
Mr. Subramaniam Swaminathan Iyer, Mr. Venkataraman Ganesan, Mrs. Jayasudha Iyer and Apex Steel & Technology (India) Private Limited.IPO Details
| IPO Opening Date | Feb 15, 2024 |
| IPO Closing Date | Feb 20, 2024 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹77 per equity share |
| Market Lot | 1600 Shares |
| Min Order Quantity | 1600 Shares |
| Listing At | NSE SME |
| Issue Size | ₹56.25 Cr |
| Fresh Issue | ₹42.20 Cr |
| Offer for Sale | ₹14.06 Cr |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.00x | 0.00x | 0.00x | 0.42x | 2.51x | 1.47x |
| Day 2 | 0.00x | 0.00x | 0.00x | 0.71x | 4.79x | 2.75x |
| Day 3 | 0.00x | 0.00x | 0.00x | 2.00x | 8.81x | 5.41x |
| Day 4 | 0.00x | 0.00x | 0.00x | 14.92x | 18.24x | 17.61x |
IPO Tentative Timetable
The Atmastco Limited IPO open date is Feb 15, 2024, and the close date is Feb 20, 2024. The issue may list on Feb 23, 2024.
| IPO Open Date | Feb 15, 2024 |
| IPO Close Date | Feb 20, 2024 |
| Basis of Allotment Date | Feb 21, 2024 |
| Initiation of Refunds | Feb 22, 2024 |
| Credit of Shares to Demat Account | Feb 22, 2024 |
| IPO Listing Date | Feb 23, 2024 |
IPO Lot Size
The Atmastco Limited IPO market lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹123200).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1600 | ₹123200 |
| Maximum | 1 | 1600 | ₹123200 |
IPO Promoter Holding
| Pre Issue Share Holding | 97.39% |
| Post Issue Share Holding | 68.43% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 12036.21 | 6990.68 | 60.46 |
| 31-Mar-22 | 13273.94 | 9468.14 | 323.00 |
| 31-Mar-23 | 23620.72 | 24278.76 | 1277.75 |
| 31-Aug-23 | 24391.56 | 6700.16 | 628.74 |
Objects of the Issue:
The company intend to utilize the issue proceeds to meet the following objects:
- To meet the working capital requirements
- To prepayment and repayment of all or a portion of certain secured and unsecured loan availed by the company
- General Corporate Purpose and
- To meet the Offer expenses
Atmastco Limited IPO Registrar:
Cameo Corporate Services Limited
Atmastco Limited IPO Lead Manager(s):
Affinity Global Capital Market Private Limited
Company Contact Information:
Atmastco Limited
157-158, Light Industrial Area, Nandini Road, Opp
Karuna Hospital, Durg
Bhilai,-490026
