Atmastco (NSE SME)
Feb 15, 2024 - Feb 20, 2024
| Price | ₹77 - ₹77 |
| Premium | ₹6 |
|---|---|
| Lot size | 1600 |
| Allotment | Feb 21, 2024 |
| Listing | Feb 23, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 1600 | 123200 | 1517 |
| HNI | 2 | 3200 | 246400 | 1517 |
Last updated on 20-Feb-2024 17:03:02
| Category | Offered | Applied | Times |
|---|---|---|---|
| NIB | 3469600 | 52142400 | 15.03 |
| RETAIL | 3469600 | 63268800 | 18.24 |
| Total | 6939200 | 115411200 | 16.63 |
| Retail Apps | 39543 | © IPO Premium | |
| HNI Interest Cost per share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹1.55 | @8% ₹1.78 | @9% ₹2 | @10% ₹2.22 | @11% ₹2.44 | @12% ₹2.66 |
Founded in April 1994, Atmastco Limited stands as a prominent turnkey/EPC contractor, offering comprehensive services and project management solutions across the ferrous and non-ferrous sectors. With a diverse portfolio, the company specializes in manufacturing precision equipment and heavy fabrication structures pivotal in various industrial applications. These products, including Ceiling Girders, Railway Girders, and Bolted Structures, find utility in sectors ranging from Power and Energy to Cement Plants and Water Treatment Facilities.
The company operates through three primary verticals: EPC/Turnkey Projects, Fabrication/Manufacturing, and Defense, catering to a wide array of industries such as power plants, refineries, railways, and pharmaceuticals. Boasting a robust track record, Atmastco Limited currently oversees 14 ongoing projects as of January 31st, 2024, reflecting its commitment to excellence and client satisfaction.
Notably, the company's financial performance showcases a notable upward trajectory, underscored by a significant increase in total income from Rs. 9,46,814.26 Thousand in F.Y. 2021-2022 to Rs. 24,27,875.62 Thousand in F.Y. 2022-2023, as per the Restated Consolidated Financial Statements.
Operating from two well-equipped manufacturing facilities located in Bhilai and Dhamdha, Chhattisgarh, Atmastco Limited ensures seamless production and timely delivery of its products. Additionally, the company has expanded its horizons by establishing a wholly-owned subsidiary, Atmastco Defence Systems Private Limited, dedicated to manufacturing specialized military equipment such as bulletproof jackets and helmets.
With a dedicated workforce of 276 individuals spanning various departments, Atmastco Limited continues to uphold its commitment to excellence, innovation, and customer satisfaction, solidifying its position as a trusted leader in the industry.
Atmastco IPO Details
| Issue Size | 7,305,600 shares (aggregating up to ₹56.25 Cr) |
| Fresh Issue | 5,480,000 shares (aggregating up to ₹42.20 Cr) |
| Offer for Sale | 1,825,600 shares of ₹10 (aggregating up to ₹14.06 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 19,254,690 |
| Share holding post issue | 24,734,690 |
| Market Maker portion | 366,400 shares Asnani Stock Broker |
Atmastco IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the Net issue |
| Other Shares Offered | 50% of the Net issue |
Atmastco IPO Lead Manager(s)
- Affinity Global Capital Market Private Limited
Key Performance Indicator
| KPI | 2023 | 2022 | 2021 |
|---|---|---|---|
| ROE | 23.15% | 7.63% | 1.55% |
| ROCE | 29.91% | 20.38% | 15.07% |
| D/E Ratio | 0.48 | 0.44 | 0.29 |
| RONW | 23.15% | 7.63% | 1.55% |
| Basic & Diluted EPS | 8.63 | 2.18 | 0.41 |
| P/E Ratio | 11.6 | - | - |
| P/BV Ratio | 0.13 | - | - |
Company Financials
Atmastco Limited Financial Information (Restated Consolidated)
Atmastco Limited's revenue increased by 156.43% and profit after tax (PAT) rose by 295.58% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period | Aug 2023 | Mar 2023 | Mar 2022 | Mar 2021 |
| Assets | 24,391.56 | 23,620.72 | 13,273.94 | 12,036.21 |
| Revenue | 6,700.16 | 24,278.76 | 9,468.14 | 6,990.68 |
| Profit | 628.74 | 1,277.75 | 323.00 | 60.46 |
| Net Worth | 6,259.03 | 5,520.33 | 4,235.23 | 3,912.23 |
| Reserves | 4,763.72 | 4,039.20 | 2,754.10 | 2,431.10 |
| Borrowing | 7,317.46 | 7,125.68 | 5,155.92 | 5,410.48 |
| Amount in ₹ Lakhs | ||||
Strength Factors
Decades of Experience: The company boasts a strong presence and over two decades of experience in designing, manufacturing, and supplying precision equipment and heavy fabrication structures across various industries and EPC (Engineering, Procurement, and Construction).
Diversified Trading Activities: Engages in the trading of a wide range of industrial products such as steel, iron, chemical alloys, metals, grinding wheels, welding electrodes, abrasives, and industrial helmets, all extensively used in industrial applications.
Product Portfolio Diversity: The business maintains a diversified product portfolio with a consistent emphasis on quality, catering to various industrial needs.
Experienced Leadership Team: Led by experienced promoters and a strong senior management team with extensive knowledge of the sector, the company is well-equipped to navigate challenges and capitalize on opportunities in the market.
Risk Factors
Legal Proceedings Risk: The company and its directors are currently involved in legal proceedings. Adverse outcomes in these cases could pose a significant risk to the company's business, financial health, and operational stability from an external observer's perspective.
Key Customer Dependency: A substantial portion of the company's revenue is derived from a select group of key customers. The loss of any of these important clients could potentially have a material and adverse impact on the company's business operations and financial performance, viewed from an external standpoint.
Raw Material Price Fluctuations: The company's production costs are vulnerable to fluctuations in the prices of its major raw materials. Any significant changes in these prices could potentially impact the company's profitability and financial standing, as observed externally.
Unsecured Loans Vulnerability: The company has obtained unsecured loans from various corporate entities, which may be subject to recall at any time. This vulnerability in its financial structure could pose risks to the company's stability and operations from the perspective of external stakeholders.
IT System Disruptions and Technological Changes: Disruptions or failures in the company's information technology systems could disrupt its operations and affect its ability to serve customers. Moreover, technological advancements and changes may necessitate substantial capital investments for the company to remain competitive, observed externally.
Atmastco IPO Lead Manager(s)
- Affinity Global Capital Market Private Limited
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: priya@cameoindia.com
Website: https://ipo.cameoindia.com/