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:
- EPC/Turnkey Projects
- Fabrication/Manufacturing
- 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 Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | NAV (₹) | Reserves | Borrowing |
| 31-Mar-21 | 12,036.21 | 6,990.68 | 60.46 | 0.41 | 3,912.23 | 26.41 | 2,431.10 | 5,410.48 |
| 31-Mar-22 | 13,273.94 | 9,468.14 | 323.00 | 2.18 | 4,235.23 | 28.59 | 2,754.10 | 5,155.92 |
| 31-Mar-23 | 23,620.72 | 24,278.76 | 1,277.75 | 8.63 | 5,520.33 | 37.27 | 4,039.20 | 7,125.68 |
| 31-Aug-23 | 24,391.56 | 6,700.16 | 628.74 | 4.34 | 6,259.03 | 42.16 | 4,763.72 | 7,317.46 |
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 Date | Feb 15, 2024 to Feb 20, 2024 |
| Listing Date | Friday, February 23, 2024 |
| Face Value | ₹10 per share |
| Price | ₹77 per share |
| Lot Size | 1600 Shares |
| Issue Size | 7,305,600 shares of ₹10 (aggregating up to ₹56.25 Cr) |
| Fresh Issue | 5,480,000 shares of ₹10 (aggregating up to ₹42.20 Cr) |
| Offer for Sale | 1,825,600 shares of ₹10 (aggregating up to ₹14.06 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 19,254,690 |
| Share holding post issue | 24,734,690 |
| Company Promoters | Mr. Subramaniam Swaminathan Iyer, Mr. Venkataraman Ganesan, Mrs. Jayasudha Iyer and Apex Steel & Technology (India) Private Limited |
Atmastco IPO Reservation
| Other Shares Offered | 50% of the Net Issue |
| Retail Shares Offered | 50% 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.
| Event | Date |
| Opening Date | 15 February 2024 (Thursday) |
| Closing Date | 20 February 2024 (Tuesday) |
| Basis of Allotment | 21 February 2024 (Wednesday) |
| Initiation of Refunds | 22 February 2024 (Thursday) |
| Credit of Shares to Demat | 22 February 2024 (Thursday) |
| Listing Date | 23 February 2024 (Friday) |
| Deadline for UPI mandate confirmation | 5 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.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 1600 | ₹123,200 |
| Retail (Max) | 1 | 1600 | ₹123,200 |
| S-HNI (Min) | 2 | 3200 | ₹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 Holding | 97.39% |
| Post Issue Share Holding | 68.43% |
Atmastco Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| 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 Ratio | 0.48 |
| Price/Book Value Ratio | 0.13 |
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
| Date | GMP | Kostak | Subject to |
| Today | ₹25 | – | – |
| 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.
| Category | Subscription |
| Other | 14.92x |
| Retail | 18.24x |
| Total | 17.61x |
Atmastco IPO Prospectus
Atmastco IPO Rating
| Our Rating | 3.0/5.0 |
Atmastco Company Contact Information
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
E-mail: cfo@atmastco.com
Website: www.atmastco.com
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
E-mail: priya@cameoindia.com
Investor Grievance e-mail: investor@cameoindia.com
Website: www.cameoindia.com
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: compliance@affinityglobal.in
Investor Grievance ID: investor@affinityglobalcap.in
Website: www.affinityglobalcap.in
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?
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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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