Atmastco IPO Watch, Guidance & Subscription Status at Chanakyanipothi.com,
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Atmastco IPO Post Listing Review :
On 23th February, the scrip is listed at Rs.91, compared to the Issue-price of Rs.77, at a premium of 18.18%. The listing has been in line with the expectations of the grey market players.
Atmastco IPO Subscription
Review: So so response on Day 4
NII: 3469600 Shares 14.92 T
RII: 3469600 Shares 18.24 T
Total: 6939200 Shares 17.61 T
What is the business of Atmastco?
Atmastco Limited is 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.
EPC: It has forayed into the business of engineering, providing procurement and construction (“EPC”) services in ferrous and non ferrous sector in the year 2020. It has acquired business of Rs. 65,00,000
Thousands in the last 3 (three) years in verticals like Metal (ferrous & nonferrous), Oil & Gas, Air
Pollution Control, Lime & associated processing
Steel Fabrication: It is engaged in the business design, manufacturing and supply of precision equipments and heavy fabrication structures for various industrial use. It undertakes designing, Engineering, Fabrication and Erection work for Its clients as per their specifications and customizations
Defence: The company incorporated a separate legal entity for its wholly owned subsidiary namely Atmastco Defence Systems Private Limited on July 22, 2020 to carry on the business
of manufacture of bullet proof jackets & helmets and paramilitary especially forces. for military
application and full body protector for female troops and related activities.
The company also engaged in the business of trading steel, iron, chemical alloys, metals, grinding wheels, welding electrodes, abrasives, industrial helmets which are used extensively for industrial use.
Its customer base includes a diverse set of industries including power plants, refineries, steel plants, Railways, cement plants, Industrial and Infrastructure, Chemicals, Pharmaceuticals, Petrochemicals, Refineries, Power, Oil & Gas Explorations, etc.
Get more information about the company @ https://www.atmastco.com/
| Atmastco IPO Details | |
| IPO opens on | 15 February 2024 |
| IPO closes on | 20 February 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 73056000 Sh /Rs 56.25 Cr |
| * Fresh Issue | 5480000 Sh /Rs 42.20 Cr |
| * Offer for Sale | 1825600 Sh /Rs 14.06 Cr |
| Market Maker Portion | 366400 Sh. |
| Net offer to Public | 6939200 Sh./Rs.53.43 Cr |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 77 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1600 Shares |
| Listing will at | NSE SME |
| Shares offered in Atmastco IPO | ||
| Shares | Rs. (Cr) | |
| QIB (50%) | – | – |
| NII (15%) | 3469600 | 26.72 |
| RII (35%) | 3469600 | 26.71 |
| Total Shares | 6939200 | 53.43 |
| Retail portion will be oversubscribed by | 2169 | |
| Forms | ||
| How much Shares to Apply in Atmastco IPO? | ||
| Min Retail Application | 1600 Sh | Rs. 123200 |
| Min HNI Application | 3200 Sh | Rs.246400 |
Who are the Promoters of Atmastco IPO?
The Promoters of the company are Mr. Subramaniam Swaminathan Iyer, Mr. Venkataraman Ganesan, Mrs. Jayasudha Iyer and Apex Steel & Technology (India) Private Limited.
What are the Objects of Atmastco IPO?
The Offer comprises of a Fresh Issue of Equity shares and offer for Sale
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 IPO Tentative timetable | |
| IPO opens on | 15 February 2024 |
| IPO Closes on | 20 February 2024 |
| IPO Allotment on | 21 February2024 |
| Refund Initiation | 22 February 2024 |
| Credit of Shares | 22 February 2024 |
| Listing on | 23 February 2024 |
| Registered Office of the Company Atmastco Limited 157-158, Light Industrial Area, Nandini Road, Opp Karuna Hospital, Durg Bhilai,-490026 |
| Who is the Lead Manager of Atmastco IPO? Affinity Global Capital Market Private Limited |
| Who is the Registrar to IPO? Cameo Corporate Services Limited |
| Atmastco IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Cr | Rs. | % | |
| 2020-21 | 69.91 | 0.60 | 0.41 | 1.55 |
| 2021-22 | 94.68 | 3.23 | 2.18 | 7.63 |
| 2022-23 | 242.79 | 12.78 | 8.63 | 23.15 |
| Book Value of the Share on | 31.03.2023 | Rs 37.27 | ||
| BV of the Share at cap price | after the IPO | Rs. ? | ||
| Offer Price/upper band | Rs. 77 | |||
| Atmastco IPO Key Performance indicators |
|
| Price/last EPS of 22-23 | 8.92 |
| Price/BV Ratio | 2.06 |
| Upper price/BV after IPO | |
How Atmastco IPO compares with the Peers?
The company believes that there are no listed Companies in India which are engage in both Engineering, Procurement & Construction (EPC) in Ferrous & Non-Ferrous domain and design, manufacture supply & erection of fabricated structural items & mechanical equipments for core industrial sectors as per the needs of the customer. Further there are no listed entities which are focused exclusively on the segment in which it operates. Hence, it is not possible to provide an industry comparison in relation to its company.
| As per DRHP | FV | Total Income | PE Ratio |
| In Rs. Cr | |||
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Atmastco IPO To the point Guidance
Atmastco Limited is 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.
Size: The IPO size of Rs. 56.25 Cr is somewhat large, considering recent trends. With 2169 applications, the retail portion will get one time subscribed. Looking to the Investors’ hunger of recent times, Retail portion may get oversubscribed easily.
Financial Snapshot: The company has shown reasonable topline and bottom-line during 2020-21 and then it has shown sharp rise in the topline of bottom-line in the subsequent two years. The total income of 2022-23 has moved up to Rs. 242.79 Cr from Rs. 69.91 Cr in 2020-21 and the net profit has moved to Rs. 12.78 Cr. from just Rs. 60 lacs during 2020-21. At present, we are unable to comment whether such rise is due to natural growth or due to its IPO planning. If we accept the profits of 2022-23, then the IPO is very reasonably priced. However, if the company is not able to maintain its profits, then the IPO may be considered as costly. You may have a look at the Premium market which may provide some assistance, in your decision making.
Quicklinks
Atmastco IPO GMP Detail IPO GMP today details?
Atmastco IPO
Atmastco IPO FAQs
What is Atmastco IPO?
Atmastco IPO is a SME IPO of 73056000 equity shares of the face value of Rs. 10 aggregating up to Rs.56.25 Crores. The issue is priced at Rs.68 per share. The minimum order quantity is 1600 Shares.
When Atmastco IPO will open?
Atmastco IPO opens on Febryary 15, 2024, and closes on February 20, 2024.
What is the lot size of Atmastco IPO?
Atmastco IPO lot size is 1600 Shares, and the minimum amount required is Rs.123200.
How to apply for Atmastco IPO?
You can apply in Atmastco IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Atmastco IPO allotment?
The finalization of Basis of Allotment for Atmastco IPO will be done on February 21, 2024, and the allotted shares will be credited to your demat account by February 22, 2024.
When is Atmastco IPO listing date?
Atmastco IPO listing date is not yet announced. The tentative date of Atmastco IPO listing is February 23, 2024.
