Atmastco IPO Details, Date, Review, Price

Atmastco IPO Details, Date, Review, Price

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 DateFebruary 20, 2024
IPO SizeApprox ₹56.25 Crores
IPO Face Value ₹10 Per Equity Share
IPO Price Band ₹77 Per Every Share
IPO Listing OnNSE and BSE
IPO Retail Quota50%
IPO NII Quota50%

ATMASTCO LIMITED IPO MARKET LOT DETAILS

ApplicationLot SizeSharesAmount
Retail Minimum11600₹123,200
Retail Maximum11600₹123,200
S-HNI Minimum23200₹246,400

OBJECTS OF THE ISSUE

  1.  To meet the working capital requirements.
  2.  To prepayment and repayment of all or a portion of certain secured and unsecured loans availed by our company.
  3.  General Corporate Purpose.
  4.  To meet the Offer expenses.

ATMASTCO LIMITED IPO ALLOTMENT & LISTING DATE (DETAILS)

IPO Open DateFeb 15, 2024
IPO Close DateFeb 20, 2024
Basis of AllotmentFeb 21, 2024
RefundsFeb 22, 2024
Credit to Demat AccountFeb 22, 2024
IPO Listing DateFeb 23, 2024

ATMASTCO LIMITED FINANCIAL REPORTS 

₹ in Crores
YearRevenueExpensePAT
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-

  1. Mr. Subramaniam Swaminathan Iyer
  2. 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 EndedBasic EPS (in ₹)Diluted EPS (in ₹)Weight
March 31, 20233
March 31, 20222
March 31, 20211
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

 

 

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