Atmastco Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Atmastco Ltd

CMP

271.80

+12.90 (4.98%)

  • DRHP
₹77

Offer Price

₹ 56.25 Cr

Issue Size

₹ 1,23,200

Min Investment

1,600

Lot size

Time Line

  • 15
    Feb 2024
    Open
  • 20
    Feb 2024
    Close
  • 21
    Feb 2024
    Finalisation of Basis of Allotment
  • 22
    Feb 2024
    Initiation of Refunds
  • 22
    Feb 2024
    Transfer of Shares to Demat Account
  • 23
    Feb 2024
    Listing Date

Risks

  • The Company and its Directors are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on its business, result of operations and financial conditions.

  • Its business is substantially dependent on certain key customers, from whom the company derives a significant portion of its revenues. The loss of any significant customer may have a material and adverse effect on its business and results of operations.

  • The company is dependent on its Top 10 suppliers for uninterrupted supply of Raw-Materials. Any shortfall in the supply of its raw materials, or an increase in its raw material costs and other input costs, may adversely affect the pricing and supply of its products with subsequently having an adverse effect on the business, results of operations and financial conditions of the company.

  • Revenues are recorded on the basis of the execution of the contracts. Its order book may not necessarily indicate future income, however, the company actively manage projects, addressing potential delays, modifications, cancellations, or payment variations from clients.

  • Its inability to qualify for or win large EPC contracts and compete with other engineering companies could adversely affect its margins and results of operations.

Company Promoters

Promoters Holding

Issue For IPO
28.10%
Pre Holding

93.56%

Post Holding

65.46%

Top Promoters Holding

Financials

All values in Cr

Mar-2021 Mar-2022 Mar-2023 3-Yr trend
Revenue 81.13 (-) 109.09 (34.50%) 278.22 (155.00%)
Gross Profit 81.13 (-) 109.09 (34.50%) 278.22 (155.00%)
Net Income 81.13 (-) 109.09 (34.50%) 278.22 (155.00%)
Assets 81.13 (-) 109.09 (34.50%) 278.22 (155.00%)
Liabilities 81.13 (-) 109.09 (34.50%) 278.22 (155.00%)

Book Running Managers

  • Affinity Global Capital Markets Pvt Ltd

Registrar & Transfer Agent

Cameo Corporate Services Ltd

Subramanian Building,
1ST Floor No 1,
Club House Road - Chennai - 600002
Phone : 91-44-28462700 Fax: 91-44-28460129

Company Contact Information

157-158 Light Industrial Area,
Nandini Rd Opp.Karuna Hospital,
Durg - 490026
Phone : +91 94252 35807 Email : cfo@atmastco.com www.atmastco.com

Offer Related Information

Initial public offering of up to 73,05,600 equity shares of face value of Rs. 10 each ("Equity Shares") of Atmastco Limited ("The Company"_ for cash at a price of Rs. 77/- per equity share (including a share premium of Rs. 67/- per equity share) ("Offer Price") aggregating up to Rs. 56.25 crores (the "Offer") comprising a fresh issue of up to 54,80,000 equity shares aggregating up to Rs. 42.19 crores by the company (the "Fresh Offer") and an offer for sale of up to 18,25,600 equity shares... More

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