Company Overview
Atmastco was incorporated as “Atmastco Private Limited” at Bhilai, Chhattisgarh (then Madhya Pradesh) as a Private Limited Company under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated April 7, 1994, issued by the Registrar of Companies, Madhya Pradesh and Gwalior bearing Registration Number 10-08234.
On December 02, 1994, Atmastco Company acquired the ongoing business of a partnership firm i.e., M/s. Atmastco has a principal place of business at Bhilai, Madhya Pradesh (currently in Chhattisgarh) which commenced its business operations in 1988 and where one of our promoters Mr. Subramaniam Swaminathan Iyer was a partner.
Subsequently, our Company was converted into a Public Limited Company under a special resolution passed by the shareholders of Atmastc Company at the Extra Ordinary General Meeting held on March 22, 2016, and the name of our Company was changed to “Atmastco Limited” vide a fresh Certificate of Incorporation dated May 10, 2016, issued by the Registrar of Companies, Chhattisgarh.
Atmastco is also into manufactured products i.e. design, manufacturing, and supply of precision equipment and heavy fabrication structures for various industrial uses and other incomes such as Ceiling Girder, Railway Girder, Columns & Bracings, Bolted Structures, Equipment and Pressure ducts, Box Columns, etc.
which are used in Power and Energy, Steel Plants, Cement Plants, Railway Bridges, Water Treatment Plants, Refinery & fertilizer plants. Pre-engineered building etc. We have more than two decades of experience in executing projects involving manufacturing and fabrication work of heavy structures.
We are also engaged in the business of trading steel, iron, chemical alloys, metals, grinding wheels, welding electrodes, abrasives, and industrial helmets which are used extensively for industrial use. Atmastco is recognized as an approved vendor in the Master list of Approved Vendors issued by the Quality Assurance Civil Directorate, Research Designs, Standards Organization, Ministry of Railways, and Government of India for the fabrication of Composite Girder and Other Steel Plate Girder Part B.
Our 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.
ATMASTCO LIMITED IPO DATE & PRICE BAND DETAILS
IPO Open Date February 15, 2024 IPO Close Date February 20, 2024 IPO Size Approx ₹56.25 Crores IPO Face Value ₹10 Per Equity Share IPO Price Band ₹77 Per Every Share IPO Listing On NSE and BSE IPO Retail Quota 50% IPO NII Quota 50%
ATMASTCO LIMITED IPO MARKET LOT DETAILS
Application Lot Size Shares Amount Retail Minimum 1 1600 ₹123,200 Retail Maximum 1 1600 ₹123,200 S-HNI Minimum 2 3200 ₹246,400
OBJECTS OF THE ISSUE
- To meet the working capital requirements.
- To prepayment and repayment of all or a portion of certain secured and unsecured loans availed by our company.
- General Corporate Purpose.
- To meet the Offer expenses.
ATMASTCO LIMITED IPO ALLOTMENT & LISTING DATE (DETAILS)
IPO Open Date Feb 15, 2024 IPO Close Date Feb 20, 2024 Basis of Allotment Feb 21, 2024 Refunds Feb 22, 2024 Credit to Demat Account Feb 22, 2024 IPO Listing Date Feb 23, 2024
ATMASTCO LIMITED FINANCIAL REPORTS
₹ in Crores Year Revenue Expense PAT 2023 ₹241.95 ₹224.58 ₹12.78 2022 ₹93.61 ₹90.05 ₹3.23 2021 ₹69.39 ₹68.90 ₹0.60
OUR PROMOTERS
The Promoters of Atmastco are-
- Mr. Subramaniam Swaminathan Iyer
- Mr. G. Venkataraman.
Qualitative Factors:-
Some of the qualitative factors and our strengths which form the basis for computing the Offer Price are:
- Established presence with more than two decades of experience in the business of design, manufacturing, and supply of precision equipment and heavy fabrication structures for various industries and EPC.
- Engage in the trading of steel, iron, chemical alloys, metals, grinding wheels, welding electrodes, abrasives, and industrial helmets which are extensively for industrial use.
- Diversified Business with a product portfolio and consistent focus on quality.
- Established distribution network and long-term stable relationship with our customers.
- Integrated Manufacturing Facility to deliver quality products.
- Experienced promoter and strong senior management team with an extensive knowledge of the sector.
Basic & Diluted Earnings Per Equity Share (“EPS”)
Financial Year Ended Basic EPS (in ₹) Diluted EPS (in ₹) Weight March 31, 2023 3 March 31, 2022 2 March 31, 2021 1 Weighted Average
ATMASTCO LIMITED COMPANY CONTACT DETAILS
157-158, Light Industrial Area, Nandini Road, Opp.
Karuna Hospital, Bhilai, Durg – 490 026, Chhattisgarh,
India.
Tel: 09425235807
Email: investors@atmastco.com
Website: www.atmastco.com
ATMASTCO LIMITED IPO REGISTAR
Cameo Corporate Services Limited
Subramanian Building” 1 Club HouseRoad,
Chennai- 600 002
Tel: +91 40 6716 2222
E-mail: priya@cameoindia.com
Investor Grievance e-mail: investor@cameoindia.com
Website: www.cameoindia.com
Contact Person: K. Sreepriya
