Atmastco Limited
Fixed Price Issue IPO · NSE
- Price band
- ₹77 - ₹77
- Lot size
- 1,600 shares
- Issue amount
- ₹56.25 cr
- Total subscription
- 16.63×
- Opens
- 15 Feb 2024
- Closes
- 20 Feb 2024
- Allotment
- 21 Feb 2024
- Listing
- 23 Feb 2024
Offer at a glance
Issue overview
- Issue size
- 73,05,600 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹1,23,200
- Fresh issue
- ₹42.2 cr
- Offer for sale
- ₹14.06 cr
- Registrar
- Cameo Corporate Services Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,23,200
- Issue type
- Fixed Price Issue IPO
- Shares before issue
- 1,92,54,690
- Shares after issue
- 2,47,34,690
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 1,600 | ₹1,23,200 |
| HNI | 2 | 3,200 | ₹2,46,400 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 0 | 401.5 |
| RETAIL | 26.72 | 0 |
| NIB | 26.72 | 487.17 |
Financial performance
Company financials
In Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | 2023 | 2022 | 2021 |
|---|---|---|---|
| EPS | 8.63 | 2.18 | 0.41 |
| ROE | 23.15 | 7.63 | 1.55 |
| ROCE | 29.91 | 20.38 | 15.07 |
| RONW | 23.15 | 7.63 | 1.55 |
| PRE IPO(PE) | 11.6 | 0 | 0 |
| POST IPO(PE) | 0.13 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Atmastco Limited is a turnkey EPC contractor offering multi-disciplinary services and project management solutions in the ferrous and non-ferrous sectors. The company specializes in manufacturing precision equipment and heavy fabrication structures, including ceiling girders, railway girders, bolted structures, pressure ducts, and box columns—widely used in power, steel, cement, railways, water treatment, refineries, and infrastructure projects. Its operations are divided into three verticals: EPC/Turnkey Projects Fabrication/Manufacturing Defense With a diverse customer base spanning power plants, refineries, steel plants, railways, pharmaceuticals, petrochemicals, and oil & gas, the company is currently handling 14 ongoing projects (as of January 31, 2024). Atmastco has two manufacturing units in Bhilai and Dhamdha, Chhattisgarh. It also established Atmastco Defence Systems Pvt. Ltd. in 2020, a wholly owned subsidiary that manufactures bulletproof jackets, helmets, and full-body protectors for female troops. The company's financial growth has been strong, with revenue increasing from ₹946.81 million in FY 2021-22 to ₹2,427.87 million in FY 2022-23. As of now, 276 employees support its operations across various departments.
Strengths
- Over Two Decades of Expertise: With a strong industry presence, the company has extensive experience in designing, manufacturing, and supplying precision equipment and heavy fabrication structures for various industries and EPC projects.
- Diverse Trading Activities: The company trades a wide range of industrial products, including steel, iron, chemical alloys, metals, abrasives, welding electrodes, and industrial helmets , all essential for industrial applications.
- Broad Product Portfolio: A diverse and high-quality product range allows the company to meet the needs of multiple industries.
- Strong Leadership & Management: Backed by experienced promoters and a skilled senior management team , the company is well-positioned to adapt to market challenges and seize new opportunities .
Risk factors
- Legal Risks: The company and its directors are involved in ongoing legal proceedings, which, if unfavorable, could impact business stability and financial health.
- Dependency on Key Customers: A significant portion of revenue comes from a few major clients. Losing any of them could affect operations and financial performance.
- Raw Material Price Fluctuations: Changes in raw material prices could increase production costs and impact profitability.
- Unsecured Loan Risks: The company has unsecured loans that could be recalled anytime, posing potential financial challenges.
- IT and Technology Risks: System failures or the need for technological upgrades could disrupt operations and require substantial investments to stay competitive.
Promoters
Mr. Subramaniam Swaminathan Iyer
Mr. Venkataraman Ganesan
Mrs. Jayasudha Iyer
Apex Steel & Technology (India) Private Limited.
Registrar & documents
Lead manager
Affinity Global Capital Market Private Limited
Registrar & contacts
Cameo Corporate Services Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
157-158, Light Industrial Area, Nandini Road, Opp Karuna Hospital, Durg Bhilai,-490026
+ 91 94252 35807
[email protected]Company website ↗Understanding ATMASTCO IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.