Atmastco Limited IPO is set to launch on 15 February, 2023. The company initiated its business operations in the year 1994. Is it a turnkey/EPC contractor providing services and project management in non-ferrous sectors and ferrous sectors. It manufactures precision equipment and heavy fabrication structures. The product portfolio includes Railway grinder, Ceiling grinder, bolted structures, column and bracings, box columns, equipment and pressure ducts, etc. Products manufactured by the company are used in various sectors like steel plants, power and energy, railway bridges, cement plants, refinery and fertiliser plants, water treatment plants, pre-engineered buildings etc. It has 14 ongoing projects currently. The employee base of the company is 276 people.
Atmastco Limited IPO DETAILS
Atmastco Limited IPO is set to launch on 15 February, 2023. The subscription timeline extends till 20 February, 2023. The size for the IPO is 56.25 Crore Rs. Shares issued through fresh issue mode are worth Rs 42.20 Crore. Shares issued through offer for sale mode are worth Rs 14.06 Crore. The lot size is 1600 shares and the price is 77 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a Fixed price Issue. The registrar for the company is Cameo Corporate Services Limited.
Tabular Description of Atmastco Limited IPO
| IPO OPENING DATE | 15 February, 2023 |
| CLOSING DATE FOR IPO | 20 February, 2023 |
| ISSUE TYPE | Fixed price Issue |
| Face Value per share | 10 Rs. per share |
| IPO price band | 77 Rs per share |
| LOT SIZE | 1600 shares |
| MINIMUM ORDER QUANTITY | 1600 shares |
| ISSUE SIZE | 56.25 Crore Rs. |
| OFFER FOR SALE | 14.05 Crore Rs. |
| FRESH ISSUE | 42.20 Crore Rs. |
| LISTING AT | NSE SME |
| LISTING DATE | 23 February, 2023 |
Atmastco Limited IPO: IMPORTANT DATES
| IPO OPENING DATE | 15 February, 2023 |
| CLOSING DATE FOR IPO | 20 February, 2023 |
| IPO ALLOTMENT DATE | 21 February, 2023 |
| REFUNDS | 22 February, 2023 |
| DEMAT A/C CREDITED ON | 22 February, 2023 |
| IPO LISTING DATE | 23 February, 2023 |
Atmastco Limited IPO begins for subscription from 15 February, 2023. The IPO subscription would continue till 20 February, 2023. The allotment status for the shareholders who applied would come on 21 February, 2023. The refunds for the ones who did not get allotment would be initiated on 22 February, 2023. The DEMAT accounts of shareholders would be credited on 22 February, 2023. The listing of the company would be completed on 23 February, 2023.
Atmastco Limited IPO: Lead Managers
The lead managers are :
- Affinity Capital Global Market Private Limited
The minimum lot size for the company is decided at 1600 shares. This holding accounts to 123200 Rs.. The maximum lot size is decided at 3200 shares (HNI). This amounts to 246400 Rs.. Hence the company’s final holdings would be set as :
| Shares | Amount | |
| Minimum | 1600 shares | 123200 Rs. |
| Maximum | 3200 shares | 246400 Rs. |
OBJECTIVES FOR THE IPO
- IPO proceeds would be used for general corporate purposes.
- The company will use the IPO money for further working capital requirements.
COMPANY FINANCIALS
| Particularly (in Lakh Rs.) | 2020-21 | 2021-22 | 2022-23 |
| Asset | 12036 | 13273 | 23620 |
| Revenue | 6990 | 9468 | 24278 |
| PAT | 60 | 323 | 1277 |
Atmastco Limited had an asset base of 12036 Lakh Rs in 2021 which increased to 13273 Lakh Rs in 2022. The asset base of the company was 23620 Lakh Rs in the year 2023. The revenue of the company was 6990 Lakh Rs in 2021 which increased to 9468 Lakh Rs in 2022. The revenue of the company jumped to 24278 Lakh Rs in 2023. The profit of the firm was 60 Lakh Rs in 2021 which increased to 323 Lakh Rs in 2022. This increased to 1277 Lakh Rs in the year 2023.
PROS
- It manufactures precision equipment and heavy fabrication structures.
- The product portfolio includes Railway grinder, Ceiling grinder, bolted structures, column and bracings, box columns, equipment and pressure ducts, etc.
- Products manufactured by the company are used in various sectors like steel plants, power and energy, railway bridges, cement plants, refinery and fertiliser plants, water treatment plants, pre-engineered buildings etc.
- It has 14 ongoing projects currently. The employee base of the company is 276 people.
Atmastco Limited IPO Application Process with Zerodha
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
- Click the Atmastco Limited IPObutton and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.
