Atmastco Limited IPO
₹77
1600
17.61
| Open Date: | 15-Feb-2024 |
| Close Date: | 20-Feb-2024 |
| Allotment Date: | 21-Feb-2024 |
| Listing Date: | 23-Feb-2024 |
| Listing Price: | N/A |
| Face Value: | ₹10 Per Equity Share |
| Issue Price: | ₹77 Per Equity Share |
| Issue Size: | Total Issue Size 7,305,600 shares (aggregating up to ₹56.25 Cr) : Fresh Issue 5,480,000 shares (aggregating up to ₹42.20 Cr) : Offer for Sale 1,825,600 shares of ₹10 (aggregating up to ₹14.06 Cr) |
| Market Lot (Min Amount): | Retail - ₹123,200 : HNI - ₹246,400 |
As on | QIB / Nll | Rll | Total |
|---|---|---|---|
| Shares Offered/Reserved | 3,469,600 | 3,469,600 | 6,939,200 |
| Day 1 - 15-02-24 05:00 PM | 0.42x | 2.51x | 1.47x |
| Day 2 - 16-02-24 05:00 PM | 0.71x | 4.79x | 2.75x |
| Day 3 - 19-02-24 05:00 PM | 2.00x | 8.81x | 5.41x |
| Day 4 - 20-02-24 05:00 PM | 14.92x | 18.24x | 17.61x |
| Total No. of Application: | 39,543 (Approx.) | ||
| Retail Subscription on the basis of Apps: | 18.24x | ||
| Earning Per Share(EPS) | ₹6.64/- |
| P/E Ratio | 11.6 |
| RoNW | 23.15% |
| Net Asset Value (NAV) - Post Issue: | ₹612.64/- |
| Total Assets | Total Revenue | Profit After Tax | |
|---|---|---|---|
| 31 Aug,2023 | 24,391.56 | 6,700.16 | 628.74 |
| 31 Mar,2023 | 23,620.72 | 24,278.76 | 1,277.75 |
| 31 Mar,2022 | 13,273.94 | 9,468.14 | 323.00 |
| 31 Mar,2021 | 12,036.21 | 6,990.68 | 60.46 |
| Pre Issue Share Holding | 97.39% |
| Post Issue Share Holding | 68.43% |
| 1. Mr. Subramaniam Swaminathan Iyer |
| 2. Mr. Venkataraman Ganesan |
| 3. Mrs. Jayasudha Iyer |
| 4. Apex Steel & Technology (India) Private Limited. |
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
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.
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Also we are not a SEBi registered analyst comapny. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this application. Above information is based on information available as on date coupled with market perceptions.
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