IPO Details
Bidding Dates
15 Feb 24 - 20 Feb 24
Price Range ₹
77 - 0
Total Equity
₹ 56.25Cr
Lot Size
1600
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
15 Feb 2024
Offer end
20 Feb 2024
Allotment
21 Feb 2024
Refund initiation
22 Feb 2024
Demat transfer
22 Feb 2024
Listing
23 Feb 2024
Offer start
15 Feb 2024
Offer end
20 Feb 2024
Allotment
21 Feb 2024
Refund initiation
22 Feb 2024
Demat transfer
22 Feb 2024
Listing
23 Feb 2024
About Company
Incorporated in April 1994, 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 the construction of Power and Energy, Steel Plants, Cement Plants, Railway Bridges, Water Treatment Plants, Refinery & Fertilizer plants, and Pre-Engineered Building.
Year Founded
07-04-1994
Promotor Details
Gobichettipalayam Srinivasan Venkatasubramanian
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 97.39 | 0 |
| Share Capital | 18752370 | 0 |
Offer to Public
73,05,600.00 Cr
Project Details
- Funding the working capital requirement of the Company - 100cr
- To finance expansion of our existing Manufacturing Unit II - 40cr
Objectives
- To meet the working capital requirements.To prepayment and repayment of all or a portion of certain secured and unsecured loan availed by our company.General Corporate Purpose.To meet the Offer expenses.
Highlights
- Atmastco Limited operates in multiple sectors including EPC/Turnkey Projects, Fabrication/Manufacturing, and Defense, allowing it to mitigate risks associated with dependence on a single industry.
- The company serves a broad range of industries, providing it with a stable and diverse customer base across various sectors such as power, refineries, steel, railways, cement, and pharmaceuticals.
- Atmastco Limited has demonstrated an upward trend in its business operations, as evidenced by the significant growth in its total income over the years, indicating a positive outlook for the company.
- With two manufacturing facilities located in strategic locations in Chhattisgarh, the company has the capability to efficiently produce precision equipment and heavy fabrication structures to meet customer demand.
- The establishment of a wholly-owned subsidiary, Atmastco Defence Systems Private Limited, enables the company to diversify its product offerings into defense-related manufacturing, tapping into a potentially lucrative market segment.
Challenges
- The company's performance may be susceptible to economic downturns and fluctuations in demand from key industries it serves, potentially impacting its revenue and profitability.
- Compliance with regulatory standards and requirements in various sectors, particularly in defense manufacturing, may pose challenges and incur additional costs for the company.
- Atmastco Limited operates in highly competitive markets across its business verticals, facing competition from both domestic and international players, which could affect its market share and pricing power.
- Dependencies on suppliers for raw materials and components may expose the company to supply chain disruptions, such as shortages or price fluctuations, affecting its production and delivery schedules.
- Managing multiple business verticals and manufacturing facilities requires effective operational management and resource allocation, which may pose challenges in terms of coordination and efficiency.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2024 | 29,087.06 | 2,473.47 | 1,277.50 | 1,277.50 | 6.6348 |
| 2021 | 12,03,621.40 | 1,48,113.00 | 6,045.69 | 6,045.69 | 0.314 |
| 2023 | 23,620.73 | 1,481.13 | 6,045.69 | 6,045.69 | 0.314 |
| 2022 | 13,27,394.20 | 1,48,113.00 | 1,634.56 | 1,634.56 | 6.6084 |
