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Atmastco Limited IPO:
Atmastco Limited, a Chhattisgarh-based EPC (Engineering, Procurement, and Construction) company, is preparing to acquire capital via an Initial Public Offering (IPO) on the NSE SME platform.
This article dives into the key facts of the Atmastco IPO, such as the dates, pricing, and allotment process, to assist potential investors in making informed selections.
Issue Details:
- Issue Type: SME IPO
- Issue Size: 73,05,600 Equity Shares of Rs. 10 each aggregating up to Rs. 56.25 Crore
- Issue Price: Rs. 77 per share
- Fresh Issue: 54,80,000 Equity Shares aggregating up to Rs. 42.20 Crore
- Offer for Sale (OFS): 18,25,600 Equity Shares aggregating up to Rs. 14.06 Crore
- Market Maker Reservation Portion: 5,00,000 Equity Shares
- Net Offer: 68,05,600 Equity Shares
- Listing: NSE SME
Key Dates:
- IPO Open Date: February 15, 2024
- IPO Close Date: February 20, 2024
- Allotment Finalization: February 21, 2024 (Tentative)
- Listing Date: February 23, 2024 (Tentative)
- The minimum investment in the Atmastco IPO is Rs. 12,320 for a minimum lot of 160 shares.
About Atmastco Limited:
Atmastco Limited, founded in 2008, is a prominent EPC provider specialising in the implementation of industrial and infrastructural projects throughout India.
The company’s primary areas of specialisation are civil construction, electrical work, pipeline, instrumentation, and equipment erection. It has a large presence in Chhattisgarh but also operates in Odisha, Telangana, and Maharashtra.
Financials:
Atmastco Limited has seen sustained sales and profit growth in recent years. In FY23, the company’s sales was Rs. 232.24 crore, with a net profit of Rs. 16.93 crore. The debt-to-equity ratio is 0.93, suggesting a strong financial situation.
Allotment and Listing:
The share allocation for the Atmastco IPO will be finalised on February 21, 2024 (tentative). You can check your allotment status on the registrar’s website or through your online broker’s platform. The shares are expected to be listed on the NSE SME platform on February 23, 2024 (tentative).
Conclusion:
The Atmastco Limited IPO gives investors the opportunity to participate in the expansion of a successful EPC company. However, before making any investment decisions, it is critical to thoroughly assess the risks and comprehend the company’s business plan. Investors should check with a financial advisor to see if this IPO fits their investing objectives and risk tolerance.