Atmastco Limited is a turnkey/EPC contractor, providing multi-disciplinary services and project management solutions in the ferrous and non-ferrous sectors.
The company is also involved in the manufacturing of various precision equipment and heavy fabrication structures used in different industrial applications. These products include Ceiling Girder, Railway Girder, Columns & Bracings, Bolted Structures, Equipment’s and Pressure ducts, Box Columns, and more. They are widely used in construction of Power and Energy, Steel Plants, Cement Plants, Railway Bridges, Water Treatment Plants, Refinery & Fertilizer plants, and Pre-Engineered Building.
The company’s business comprises of three verticals:
- EPC/Turnkey Projects
- Fabrication/Manufacturing
- Defense
The customer base encompasses a wide range of industries, including power plants, refineries, steel plants, railways, cement plants, industrial and infrastructure, chemicals, pharmaceuticals, petrochemicals, and oil and gas explorations.
The company established a separate legal entity for its wholly-owned subsidiary (WOS) called Atmastco Defence Systems Private Limited on July 22, 2020. This subsidiary is responsible for manufacturing bulletproof jackets and helmets specifically for military use, as well as full-body protectors for female troops and related activities.
The company has two manufacturing facilities. One is located opposite Karuna Hospital in Bhilai, Durg, Chhattisgarh, and the second unit is located in Dhamdha, District Durg, Chhattisgarh.
As of January 31st, 2024, the company has a portfolio of 14 ongoing projects. The company employs 276 people in various departments.
Atmastco IPO – Details
| IPO Opening Date | 15 February 2024 |
| IPO Closing Date | 20 February 2024 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 73,05,600 Shares Worth ₹56.25 Crore Fresh Issue: 54,80,000 Shares Worth ₹42.20 Crore Offer For Sale: 18,25,600 Shares Worth ₹14.06 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹77 |
| Market Lot | 1600 Shares |
| Min Order | 1600 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Cameo Corporate Services Limited |
| NII (HNI) Shares Offered | 50% |
| Retail Shares Offered | 50% |
Atmastco IPO – Date Schedule
| IPO Open Date | 15 February 2024 |
| IPO Close Date | 20 February 2024 |
| Basis of Allotment | 21 February 2024 |
| Initiation of Refund | 22 February 2024 |
| Credit of Shares to Demat Account | 22 February 2024 |
| IPO Listing Date | 23 February 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on 20 February 2024 |
Atmastco IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 1600 | ₹1,23,200 |
| Retail (Maximum) | 1 | 1600 | ₹1,23,200 |
| HNI (Minimum) | 2 | 3200 | ₹2,46,400 |
Competitive Strengths
- Established presence with more than two decade of experience in the business of design, manufacturing and supply of precision equipment and heavy fabrication structure for various industries and EPC.;
- Engage into trading of steel, iron, chemical alloys, metals, grinding wheels, welding electrodes, abrasives, 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 their customers;
- Integrated Manufacturing Facility to deliver quality products; and
- Experienced promoter and strong senior manag-opement team with an extensive knowledge of the sector.
Company Promoters
- Mr. Subramaniam Swaminathan Iyer
- Mr. Venkataraman Ganesan
- Mrs. Jayasudha Iyer
- Apex Steel & Technology (India) Private Limited
Object Of The 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.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 69.90 | 68.89 | 0.60 | 54.10 |
| 31 March 2022 | 94.68 | 90.05 | 3.23 | 51.55 |
| 31 March 2023 | 242.78 | 224.57 | 12.77 | 71.25 |
| 31 August 2023 | 67.00 | 58.23 | 6.28 | 73.17 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 23.15% |
| ROCE | 29.91% |
| Debt/Equity | 0.48 |
| RoNW | 23.15% |
| P/BV | 0.13 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 6.64 | 6.1 |
| P/E (x) | 11.6 | 12.62 |
Atmastco IPO Promoter Holding
| Pre Issue Share Holding | 97.39% |
| Post Issue Share Holding | 68.43% |
Atmastco IPO Prospectus
Company Contact Information
| Atmastco Limited 157-158, Light Industrial Area, Nandini Road, Opp Karuna Hospital, Durg Bhilai,-490026 Phone: + 91 94252 35807 Email: cfo@atmastco.com Website: https://www.atmastco.com/ |
Atmastco IPO Registrar
| Cameo Corporate Services Limited Phone: +91-44-28460390 Email: priya@cameoindia.com Website: https://ipo.cameoindia.com/ |
Atmastco IPO Lead Manager(s)
| 1. Affinity Global Capital Market Private Limited |
Atmastco IPO FAQs
| What is Atmastco IPO? Atmastco IPO is a SME IPO. The issue is priced at ₹77 per equity share. The IPO is to be listed on NSE SME. |
| When Atmastco IPO will open? The IPO is to open on 15 February 2024 for NII – 50% and Retail – 50% Investors. |
| How to Atmastco IPO? You can apply Atmastco IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Atmastco IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Atmastco”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Atmastco IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Atmastco”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Atmastco IPO Size? Atmastco IPO size is ₹56.25 crores. |
| What is Atmastco IPO Price Band? Atmastco IPO Price Band is ₹77. |
| What is Atmastco IPO Minimum and Maximum Lot Size (Retail)? The minimum bid is 1600 Shares with ₹1,23,200 amount while the maximum bid is 1600 shares with ₹1,23,200. |
| What is the Atmastco IPO Allotment Date? Atmastco IPO allotment date is 21 February 2024. |
