Atmastco IPO Details | GMP, Date, Price, Review

Atmastco IPO

Atmastco IPO Details ( Atmastco Limited IPO Review )

(15 Feb 2024 – 20 Feb 2024)

Founded in April 1994, Atmastco Limited is a comprehensive contractor specializing in turnkey/EPC services. We provide diverse services and effective project management solutions in both the ferrous and non-ferrous sectors.

Additionally, we engage in the production of precision equipment and heavy fabrication structures designed for various industrial applications. Our product range includes Ceiling Girders, Railway Girders, Columns & Bracings, Bolted Structures, Equipment, Pressure Ducts, Box Columns, and more. These find extensive use in the construction of Power and Energy facilities, Steel Plants, Cement Plants, Railway Bridges, Water Treatment Plants, Refineries, Fertilizer Plants, and Pre-Engineered Buildings.

Our business operates through three key verticals:

  1. EPC/Turnkey Projects
  2. Fabrication/Manufacturing
  3. Defense

Our diverse customer base spans across industries such as power plants, refineries, steel plants, railways, cement plants, industrial and infrastructure, chemicals, pharmaceuticals, petrochemicals, and oil and gas explorations.

As of January 31st, 2024, we have a portfolio of 14 ongoing projects.

Highlighting our financial performance, the company has experienced significant growth, reflected in the rise of total income from Rs. 9,46,814.26 Thousand in F.Y. 2021-2022 to Rs. 24,27,875.62 Thousand in F.Y. 2022-2023, as per the Restated Consolidated Financial Statements.

We operate from two manufacturing facilities, one situated opposite Karuna Hospital in Bhilai, Durg, Chhattisgarh, and the second unit located in Dhamdha, District Durg, Chhattisgarh.

Notably, we established a separate legal entity for our wholly-owned subsidiary (WOS) named Atmastco Defence Systems Private Limited on July 22, 2020. This subsidiary focuses on manufacturing bulletproof jackets and helmets exclusively for military use, along with full-body protectors for female troops and related activities.

With a dedicated team of 276 employees across various departments, Atmastco Limited is committed to delivering high-quality services and products across diverse sectors.

Atmastco Limited IPO Competitive Strength

  • Pre-qualification credentials, Strategic alliances and Track record of organic growth due to goodwill in the market
  • Wide range of customized technical solutions covering different Industry verticals
  • Robust Existing Order Book reflects our business financial strength
  • License from the Government of India to manufacture and supply bullet proof jackets, ballistic helmets and other body armour products for military and para- military forces
  • Efficient infrastructure and resource management with strict quality control standards
  • Presence of Manufacturing Facility at Bhilai and Project Management Office in Kolkata
  • Efficient business model

Atmastco IPO Financials Performance ( Results )

Atmastco Limited Financial Information (Restated Consolidated)

All Amount in ₹ Lakhs

Period EndedTotal AssetsTotal RevenuePATEPS
Net WorthNAV

Objective of Atmastco IPO Issue

  • 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

Atmastco IPO Basic Details

IPO DateFeb 15, 2024 to Feb 20, 2024
Listing DateFriday, February 23, 2024
Face Value₹10 per share
Price77 per share
Lot Size1600 Shares
Issue Size7,305,600 shares of ₹10
(aggregating up to ₹56.25 Cr)
Fresh Issue5,480,000 shares of ₹10
(aggregating up to ₹42.20 Cr)
Offer for Sale1,825,600 shares of ₹10
(aggregating up to ₹14.06 Cr)
Issue TypeFixed Price Issue IPO
Listing AtNSE SME
Share holding pre issue19,254,690
Share holding post issue24,734,690
Company PromotersMr. Subramaniam Swaminathan Iyer,
Mr. Venkataraman Ganesan,
Mrs. Jayasudha Iyer and
Apex Steel & Technology (India) Private Limited

Atmastco IPO Reservation

Other Shares Offered50% of the Net Issue
Retail Shares Offered50% of the Net Issue

Atmastco IPO Timetable

Atmastco IPO will open on February 15, 2024 and close on February 20, 2024. You can join Atmastco IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.

Opening Date15 February 2024 (Thursday)
Closing Date20 February 2024 (Tuesday)
Basis of Allotment21 February 2024 (Wednesday)
Initiation of Refunds22 February 2024 (Thursday)
Credit of Shares to Demat22 February 2024 (Thursday)
Listing Date23 February 2024 (Friday)
Deadline for UPI mandate confirmation5 PM on 20 February 2024

Atmastco IPO Lot Size

For retail investors in Atmastco IPO, 1600 shares will come in 1 lot or the minimum investment will be ₹123,200. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹123,200.

Retail (Min)11600₹123,200
Retail (Max)11600₹123,200
S-HNI (Min)23200₹246,400

Atmastco IPO Promoter Holding

The company’s promoters include Mr. Subramaniam Swaminathan Iyer, Mr. Venkataraman Ganesan, Mrs. Jayasudha Iyer and Apex Steel & Technology (India) Private Limited.

Pre Issue Share Holding97.39%
Post Issue Share Holding68.43%

Atmastco Ltd IPO Key Performance Indicator ( Valuation )

In the table given below, all the figures have been told according to the latest financial year.

Market Cap (₹ Cr.)190.46
Earning Per Share (EPS)₹8.63 per Equity Share
Net Asset Value (NAV)₹37.27 per Equity Share
P/E Ratio (P/E) (x)11.60
Post P/E Ratio (P/E) (x)12.62
Return on Net Worth (RoNW) (%)23.15
Return on equity (ROE) (%)23.15
Return on Capital Employed (ROCE) (%)29.91
Debt/Equity Ratio0.48
Price/Book Value Ratio0.13

Atmastco Ltd Peer Comparison

There are no listed companies in India that are comparable in all aspects of business and services that the Company provides. Hence, it is not possible to provide an industry comparison in relation to the Company.

Atmastco IPO GMP Live Update, Kostak Rate day by day

DateGMPKostakSubject to
14 February 2024₹25

Atmastco IPO Detail Video:

Atmastco IPO Subscription Status (Bidding Detail)

The Atmastco IPO on February 20, 2024 at 7:30:00 PM was subscribed 17.61 times, with the retail category being subscribed 18.24 times, the other category being subscribed 14.92 times.


Atmastco IPO Prospectus

Atmastco IPO DRHPDownload
Atmastco IPO RHPDownload
Atmastco IPO Anchor Investors Details PDFDownload

Atmastco IPO Rating

Our Rating3.0/5.0

Atmastco Company Contact Information

Atmastco Limited

Atmastco Limited

Registered and Corporate Office: 157-158, Light Industrial Area, Nandini Road, Opp. Karuna Hospital, Bhilai, Durg – 490 026, Chhattisgarh, India
Contact Person: Mr. Venkataraman Ganesan, Chief Financial Officer.
Tel: +91 94252 35807
Corporate Identity Number: U29222CT1994PLC008234
Our Promoters: Mr. Subramaniam Swaminathan Iyer, Mr. Venkataraman Ganesan, Mrs. Jayasudha Iyer and Apex Steel & Technology (India) Private Limited

Atmastco IPO Registrar

Cameo Corporate Services Limited

Registered Office: Subramanian Building” 1 Club HouseRoad, Chennai- 600 002
Tel: +91 40 6716 2222
Investor Grievance e-mail:
Contact Person: K. Sreepriya
SEBI Registration No.: INR000003753

Atmastco IPO Lead Manager

Affinity Global Capital Market Private Limited

Registered Office: 20B, Abdul Hamid Street, East India House, 1st Floor, Room No. 1G, Kolkata – 700069, West Bengal, India
Telephone: +91 33 4004 7188
E – mail:
Investor Grievance ID:
Contact Person: Shruti Bhalotia/ Ayushi Hansaria
SEBI Registration Number: INM000012838

Atmastco IPO FAQs

What is the lot size of Atmastco IPO?

The total size of Atmastco IPO is ₹56.25 crores out of which ₹42.20 crores is fresh issue and ₹14.06 crores is offer for sale (OFS).

When will Atmastco IPO start?

Atmastco IPO will open from 15 February 2024 and IPO will close on 20 February 2024.

What is the open date of Atmastco IPO?

Atmastco IPO will open date from 15 February 2024.

What is the last date ( close date ) of Atmastco IPO?

Atmastco IPO will close from 20 February 2024.

What is the price band of Atmastco IPO?

Atmastco IPO price band is ₹77.

What is the minimum amount required to apply for Atmastco IPO?

The minimum investment for retailers to apply for Atmastco IPO is ₹123,200 and the maximum investment is ₹123,200.

What is going on gray market premium of Atmastco IPO?

View gray market premium of Atmastco IPO by Clicking Here

How much is the GMP of Atmastco IPO?

Watch Atmastco IPO GMP Today: Click Here

What is the allotment date of Atmastco IPO?

The allotment date of Atmastco IPO is 21 February 2024.

How to check allotment status in Atmastco IPO?

To check the allotment status of Atmastco IPO, first of all go to the registrar website by clicking here, select your bad Atmastco IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )

What is the listing date of Atmastco IPO?

The listing date of Atmastco IPO is 23 February 2024.

How much will be the listing gain in Atmastco IPO?

View listing gain of Atmastco IPO by Clicking Here

How much time Atmastco IPO is subscribed?

Total 17.61 times subscribed in Atmastco IPO out of which 18.24 times subscription was done in retail quota, 14.92 times subscription in other quota.

How to apply for Atmastco IPO from Upstox?

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