The Atmastco IPO started on February 15, 2024, and ended on February 20, 2024. Shares were allocated on February 21, 2024, and refund processes began on February 22, 2024. On February 22, 2024, the shares were credited to investors demat accounts. Atmastco was officially listed on the stock exchange on February 23, 2024.
During the IPO, Atmastco offered shares at a price range of ₹77 per share, and the lot size was 1600 shares. The total issue size was ₹56.25 crores, with ₹42.20 crores from new shares and ₹14.06 crores from shares for sale. The IPO was listed on the NSE SME.
Regarding share reservations, 50% of the shares were allocated to other and 50% were set aside for retail investors.
Atmastco Limited IPO Subscription Update Video
Atmastco IPO Subscription Status
The Atmastco IPO on February 20, 2024 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 Basic Details
| Company Name | Atmastco Limited |
| Domain of Company | EPS Service Company |
| Atmastco IPO Open Date | February 15, 2024 |
| Atmastco IPO Close Date | February 20, 2024 |
| Atmastco IPO Allotment Date | February 21, 2024 |
| Atmastco IPO Listing Date | 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 |
| Company Promoters | Mr. Subramaniam Swaminathan Iyer, Mr. Venkataraman Ganesan, Mrs. Jayasudha Iyer and Apex Steel & Technology (India) Private Limited |
About Atmastco Limited
Founded in April 1994, Atmastco Limited is a comprehensive service provider and project management solutions company specializing in the ferrous and non-ferrous sectors.
Alongside project management, Atmastco is engaged in the manufacturing of precision equipment and heavy fabrication structures used across different industries. Their product range includes Ceiling Girders, Railway Girders, Columns & Bracings, Bolted Structures, Equipment, Pressure Ducts, Box Columns, and more. These products find applications in Power and Energy, Steel Plants, Cement Plants, Railway Bridges, Water Treatment Plants, Refineries, Fertilizer Plants, and Pre-Engineered Buildings.
Atmastco operates in three main areas:
- EPC/Turnkey Projects
- Fabrication/Manufacturing
- Defense
Their diverse customer base spans power plants, refineries, steel plants, railways, cement plants, industrial and infrastructure projects, chemicals, pharmaceuticals, petrochemicals, and oil and gas explorations.
As of January 31st, 2024, Atmastco has a portfolio of 14 ongoing projects, showcasing their commitment to excellence and continuous growth.
The company’s financial performance has seen a significant uptick, evident 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.
Atmastco operates from two manufacturing facilities, strategically located in Bhilai and Dhamdha, Chhattisgarh.
In a move to expand its offerings, the company established a wholly-owned subsidiary, Atmastco Defence Systems Private Limited, on July 22, 2020. This subsidiary focuses on manufacturing military-grade bulletproof jackets, helmets, and full-body protectors for female troops.
With a dedicated team of 276 employees across various departments, Atmastco continues to thrive in delivering quality solutions and services to its clients.
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Atmastco IPO FAQs
What is the start and end date of Atmastco IPO Subscription?
The Atmastco IPO started on February 15, 2024, and ended on February 20, 2024.
When does Atmastco IPO Subscription open?
The Atmastco IPO open on February 15, 2024.
When does Atmastco IPO Subscription close?
The Atmastco IPO Close on February 20, 2024.
What is the allotment date of Atmastco IPO?
The allotment date for Atmastco IPO is February 21, 2024.
When is the initial refund date of Atmastco IPO?
The initial Refund date for Atmastco IPO is February 22, 2024.
When were the shares credited to investors demat accounts for the Atmastco IPO?
The shares for the Atmastco IPO were credited to investors demat accounts on February 22, 2024.
When will Atmastco IPO be listed on the stock market?
Atmastco IPO stock market will be listed on February 23, 2024 at 10 am.
What was the price range of the Atmastco IPO shares?
The Atmastco IPO shares were offered at a price range of ₹77 per share.
What was the lot size for the Atmastco IPO shares?
The lot size for the Atmastco IPO shares was 1600 shares.
What was the total issue size of the Atmastco IPO?
The total issue size of the Atmastco IPO was ₹56.25 crores.
How were the shares allocated among different types of investors for the Atmastco IPO?
50% of the shares were allocated to other and 50% were set aside for retail investors.
On which stock exchanges was the Atmastco IPO listed?
The Atmastco IPO was listed on the NSE SME.
What is the Atmastco IPO Subscription Status?
Atmastco IPO is subscribed 17.61 Times.
