Atmastco Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | February 15, 2024 to February 20, 2024 |
| Listing Date | February 23, 2024 |
| Face Value | ₹ 10 per share |
| Price | ₹ 77 per share |
| Lot Size | 1,600 Shares |
| Total Issue Size | 73,05,600 shares (aggregating up to ₹ 56.25 Cr) |
| Fresh Issue | 54,80,000 shares (aggregating up to ₹ 42.20 Cr) |
| Offer for Sale | 18,25,600 shares of ₹10 (aggregating up to ₹ 14.06 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 1,92,54,690 |
| Share holding post issue | 2,47,34,690 |
| Market Maker portion | 3,66,400 shares Asnani Stock Broker |
About Atmastco Limited IPO
Atmastco Ltd. an ISO 9001-2015, ISO 9001-2015, ISO 45001-2018 & ISO 14001-2015 certified Company engaged in the business of executing turnkey/Engineering Procurement and Construction Company (EPC) contracts in ferrous and non-ferrous sector and providing end-to-end solutions offering multi-disciplinary services and project management solutions. The company is also into manufactured products i.e. design, manufacturing and supply of precision equipment and heavy fabrication structures for various industrial use. Atmastco IPO is a fixed price issue of Rs 56.25 crores.
The issue is a combination of fresh issue of 54.8 lakh shares aggregating to Rs 42.20 crores and offer for sale of 18.26 lakh shares aggregating to Rs 14.06 crores. Atmastco IPO bidding started from February 15, 2024 and ended on February 20, 2024. Affinity Global Capital Market Private Limited is the book running lead manager of the Atmastco IPO, while Cameo Corporate Services Limited is the registrar for the issue. The market maker for Atmastco IPO is Asnani Stock Broker.
Objectives of Atmastco IPO
The company intend to utilise the issue proceeds to meet the following objectives:
- ● 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.
- ● To meet the Offer expenses.
Atmastco Limited IPO Review
The company is an EPC contractor and has diversified into project management solutions and defence related products like bulletproof jackets/helmets etc. However, defence segment activities are yet to take off. Based on FY24 annualised super earnings, the issue appears fully priced. Well-informed investors may park funds for the medium to long term rewards.
Atmastco Limited IPO Financial Information
Latest Revenue
6,700.16
₹ Crore
Profit After Tax
628.74
₹ Crore
Net Worth
6,259.03
₹ Crore
Total Borrowing
7,317.46
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 31 Aug 2023 | 24,391.56 | 6,700.16 | 628.74 | 6,259.03 | 7,317.46 | ||||
| 31 Mar 2023 | 23,620.72 | 24,278.76 | 1,277.75 | 5,520.33 | 7,125.68 | ||||
| 31 Mar 2022 | 13,273.94 | 9,468.14 | 323.00 | 4,235.23 | 5,155.92 | ||||
| 31 Mar 2021 | 12,036.21 | 6,990.68 | 60.46 | 3,912.23 | 5,410.48 | ||||
| Amount in ₹ Crore | |||||||||
Atmastco Limited Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 23.15% |
| ROCE | 29.91% |
| Debt/Equity | 0.48 |
| RoNW | 23.15% |
| P/BV | 0.13 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 6.64 | 6.1 |
| P/E (x) | 11.6 | 12.62 |
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Competitive Strengths
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Atmastco Limited IPO Timeline
| IPO Open Date | Thursday, February 15, 2024 |
| IPO Close Date | Tuesday, February 20, 2024 |
| Basis of Allotment | Wednesday, February 21, 2024 |
| Initiation of Refunds | Thursday, February 22, 2024 |
| Credit of Shares to Demat | Thursday, February 22, 2024 |
| Listing Date | Friday, February 23, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 20, 2024 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹123,200 |
| Retail (Max) | 1 | 1600 | ₹123,200 |
| HNI (Min) | 2 | 3,200 | ₹246,400 |