Atmastco IPO

Atmastco Limited

₹1,23,200 /1600 sharesMinimum Investment

Atmastco IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
NSE₹77.00₹91.00₹14.00 (18.18%)

Atmastco IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
15 Feb ‘24 - 20 Feb ‘24₹1,23,2001,600₹77 - ₹77
Issue SizeIPO Doc
56.25Cr
RHP PDF

About Atmastco

Atmastco Limited is engaged in the business of executing turnkey/Engineering Procurement and Construction Company (EPC) contracts within the ferrous and non-ferrous sectors. This ISO 9001-2015, ISO 45001-2018, and ISO 14001-2015 certified entity specializes in providing end-to-end solutions, offering multi-disciplinary services, and delivering project management solutions. The company's three key business verticals include EPC/turnkey projects, fabrication/manufacturing and defence. It is also in the business of trading steel, iron, chemical alloys, metals, grinding wheels, welding electrodes, abrasives, and industrial helmets. The company is an approved vendor in the Master list issued by the Quality Assurance Civil Directorate, Research Designs, Standards Organization, Ministry of Railways, and Government of India for fabricating Composite Girder and Other Steel Plate Girder Part B. Its clientele spans various industries, such as power plants, refineries, steel plants, railways, cement plants, industrial and infrastructure, chemicals, pharmaceuticals, petrochemicals, refineries, power, oil & gas explorations, etc.;
Parent Organisation
Atmastco Limited
Founded
1994
Managing Director
Mr. Subramaniam Swaminathan Iyer

Strengths & Risks

  • Over the past three years, the company has achieved growth in revenues and profitability through business expansion and a focus on quality.
  • The company offers customized technical solutions for various sectors, including steel plants, energy & power, refineries, railway bridges, and industrial & infrastructure. As per the company, it has the required manufacturing facilities that enable the execution of diverse projects, reducing dependence on any single sector.
  • The company holds a license from the Government of India to manufacture and supply bulletproof jackets, ballistic helmets and other body armor products for military and paramilitary forces.
  • The company’s manufacturing facility is located in the central part of India in the industrial town of Bhilai, District – Durg, Chhattisgarh, with road connectivity to National Highways linking major industrial towns.
  • The company has shown a rise in revenue and profit. Its revenue from operations was Rs. 69.39 cr, Rs. 93.61 cr and Rs. 241.95 cr in financial years 2021, 2022, and 2023. Similarly, its profit after tax has also grown in these financial years.
  • The company and its directors are involved in certain legal proceedings, and any unfavorable outcome in these cases could significantly impact their business, results of operations, and financial conditions.
  • The business relies significantly on specific key customers, representing a substantial portion of revenues. The potential loss of any such significant customer could result in a material and adverse impact on the company's business and operational results. Top 5 customers contributed 81%, 75% and 92% to the company’s sales in FY 2021, 2022, and 2023 respectively.
  • The company depends on its top 10 suppliers for a continuous supply of raw materials. Any disruption in the supply chain or an increase in raw material and input costs may negatively impact product pricing and supply, subsequently affecting the business, operational results, and financial condition of the company.
  • The company has unsecured loans totalling Rs. 8.5 cr, which are repayable on demand and may be recalled at any time. In the event of repayment demands, the company aims to secure alternative financing to avoid adverse effects on its business, financial condition, and results of operations.
  • The company holds certain contingent liabilities, the realization of which could negatively impact its financial condition.

Financials

*All values are in Rs. Cr
No Graph Data To Display

Application details

Apply asPrice bandApply upto
Regular77 - 77₹2 Lakh
High Networth Individual77 - 77₹2 - 5 Lakh
For Atmastco IPO, eligible investors can apply as Regular.
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