Atmastco is scheduled to hit the market on February 15, 2024 and close on February 20, 2024. Atmastco plans to raise around ₹56.25 Cr through an IPO with a sale of up to 7,305,600 equity shares of ₹10 each. The Retail offered 50%, Others Offered 50%.
The company is actively involved in the production of various precision equipment and heavy fabrication structures that cater to a wide range of industrial applications. These products, which include Ceiling Girders, Railway Girders, Columns & Bracings, Bolted Structures, Equipment and Pressure Ducts, and Box Columns, are essential components in the construction of Power and Energy facilities, Steel Plants, Cement Plants, Railway Bridges, Water Treatment Plants, Refineries, Fertilizer Plants, and Pre-Engineered Buildings.
Operating across three key verticals – EPC/Turnkey Projects, Fabrication/Manufacturing, and Defense – the company serves a diverse customer base from industries such as power generation, refining, steel production, railways, cement manufacturing, infrastructure development, chemicals, pharmaceuticals, petrochemicals, and oil and gas exploration. Their products play a crucial role in supporting the operations and infrastructure of these sectors, showcasing the company's expertise and reliability in delivering high-quality solutions for various industrial needs.
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Atmastco IPO Details
Atmastco IPO opens on Feb 15, 2024, and closes on Feb 20, 2024. The Listing date for Atmastco IPO is on Feb 23, 2024. The price band for IPO is ₹77 per share and lot size of 1600 Shares.
| IPO Date | Feb 15, 2024 to Feb 20, 2024 |
| Listing Date | Feb 23, 2024 |
| Price | ₹77 per share |
| Lot Size | 1600 Shares |
| Issue Size | ₹56.25 Cr |
| Face Value | ₹10 per share |
Atmastco IPO Tentative Timetable
Atmastco opening date is February 15, 2024 and close date is February 20, 2024. The IPO allotment date is February 21, 2024. The refund initiation of IPO is on February 22, 2024. The credit of shares in demat account is on February 22, 2024. The listing date is on February 23, 2024.
| Event | Date |
|---|---|
| IPO Opening | Feb 15, 2024 |
| IPO Closing | Feb 20, 2024 |
| IPO Allotment Date | Feb 21, 2024 |
| Refund Initiation | Feb 22, 2024 |
| Shares Credit to Demat | Feb 22, 2024 |
| Lisiting Date | Feb 23, 2024 |
Atmastco IPO Lot Size
Lot Size of this IPO is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹123,200).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 1600 | ₹123,200 |
| Retail(Maximum) | 1 | 1600 | ₹123,200 |
| HNI (Minimum) | 2 | 3200 | ₹246,400 |
Atmastco IPO Promoter Holding
| Pre Issue Share Holding | 97.39% |
| Post Issue Share Holding | 68.43% |
Atmastco IPO Review
Atmastco Ltd, an established EPC contractor, is gearing up to launch its maiden IPO with a fixed price of Rs. 77 per share. The company boasts ISO certifications and offers a wide range of services in the ferrous and non-ferrous sectors, including manufacturing precision equipment and heavy fabrication structures. While the company has diversified into defense-related products like bulletproof jackets and helmets, it's important to note that its defense segment activities have not yet commenced. Investors keen on the company's track record in executing turnkey projects and its reputation as an approved vendor by various government bodies may find this IPO intriguing.
Financially, Atmastco Ltd has seen substantial growth in revenue and net profit over the past few fiscals. However, the sudden surge in bottom lines from FY23 onwards raises concerns about sustainability, especially in a competitive market. With a post-IPO market cap expected to be around Rs. 190.46 crore and a P/E ratio of 12.62 based on annualized FY24 earnings, some investors may view the issue as fully priced. Additionally, the company's dividend policy, which has not seen any payouts since its inception, is something investors should consider before investing in Atmastco Ltd's IPO.
In conclusion, Atmastco Ltd's IPO presents an opportunity for investors looking for exposure to a company with a diverse portfolio and experience in executing complex projects. While the company has shown promising financial performance in recent years, potential investors should weigh the risks associated with the company's expansion into the defense segment and the sustainability of its growth trajectory. With a clear focus on long-term rewards, well-informed investors may find value in considering Atmastco Ltd's IPO as part of their investment strategy.
Atmastco IPO Subscription Status (Bidding Details)
Table not foundAtmastco IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
Atmastco IPO FAQs
What is Atmastco IPO?
Atmastco is issuing 7,305,600 equity shares with a face value of ₹10 each, totaling up to ₹56.25 Cr. The shares are being offered at a price of ₹77 each, with a minimum order quantity of 1600 shares.
Cameo Corporate Services Limited is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Atmastco IPO will open?
Atmastco will open on February 15, 2024 for QIB, NII, and Retail Investors.
When Atmastco IPO will end?
Atmastco will end on February 20, 2024.
What is Atmastco IPO Size?
Atmastco IPO size is ₹56.25 Cr.
What is Atmastco IPO Price Band?
Atmastco price band is ₹77 per share.
What is the Atmastco IPO Allotment Date?
Atmastco allotment date is February 21, 2024.
What is the Atmastco IPO Listing Date?
Atmastco listing date is February 23, 2024. The IPO is to be listed on BSE and NSE.
How to Atmastco IPO through Zerodha?
To apply for the IPO “Atmastco” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Atmastco IPO through Upstox?
To apply for the IPO “Atmastco” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Atmastco IPO Allotment Status?
For Atmastco IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Atmastco IPO GMP?
You can check out here: Atmastco IPO GMP