Issue Price
₹77
Per Share
GMP
NIL
Grey Market
Est. Listing
₹77
Expected Price
Min. Application
₹246,400
2 lots × 1600 shares
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 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 verticalsEPC/Turnkey ProjectsFabrication/ManufacturingDefenseThe 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.As of January 31st, 2024, the company has a portfolio of 14 ongoing projects.The company's business operations have displayed an upward trend, which is evident in the growth of its total income as per the Restated Consolidated Financial Statements. The income has increased from Rs. 9,46,814.26 Thousand in F.Y. 2021-2022 to Rs. 24,27,875.62 Thousand in F.Y. 2022-2023.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.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 employs 276 people in various departments.
Atmastco Ltd proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 366,400 | — | ₹2.82 Cr | — |
| TOTAL | 7,305,600 | 100.00% | ₹56.25 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹123,200 |
| Retail (Max) | 13 | 20,800 | ₹1,601,600 |
| sNII (Min) | 14 | 22,400 | ₹1,724,800 |
| bNII (Min) | 68 | 108,800 | ₹8,377,600 |
| Particulars | 31 Aug 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue from Operations | 6700.16 | 24278.76 | 9468.14 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 628.74 | 1277.75 | 323.00 |
| Net Worth | 6259.03 | 5520.33 | 4235.23 |
| Total Assets | 24391.56 | 23620.72 | 13273.94 |
| Reserves & Surplus | 4763.72 | 4039.20 | 2754.10 |
| Total Borrowings | 7317.46 | 7125.68 | 5155.92 |