ATMASTCO IPO - Important Things to Know
Atmastco Pvt Ltd was founded in the year 1994 in Bhilai, Chattisgarh. The company is engaged in the business of executing turnkey/Engineering Procurement and Construction (EPC) contracts in the ferrous and non-ferrous sectors and providing end-to-end solutions offering multi-disciplinary services and project management solutions. The company’s business operations include the following segments:
- EPC: In 2020, the company started providing engineering, procurement and construction (EPC) services in the non-ferrous and ferrous sector
- Steel Fabrication: Designing, manufacturing and supply of precision equipment and heavy fabrication structures for various industrial use
- Defence: Through its subsidiary namely Atmastco Defence Systems Private Limited, the company has expanded its business horizons into the manufacturing of bullet proof jackets & helmets for armed forces and full body protectors for female troops and related activities.
The industries that serve as the customers for the company are power plants, steel plants, refineries, railways, cement plants, Chemicals, Pharmaceuticals, Petrochemicals, Refineries, Power, Oil & Gas Explorations, Industrial and Infrastructure, and many more.
Shareholding Pattern of ATMASTCO PVT LTD:
Sr. No |
Name of the shareholder |
Percentage of the preOffer paid up Equity Share capital (%) |
|
(A) Promoter |
|
1 |
Subramaniam Swaminathan Iyer # |
43.62% |
2 |
G. Venkataraman # |
22.40% |
3 |
Jayasudha Iyer |
1.98% |
4 |
Apex Steel & Technology India Private Limited |
25.56% |
|
Total (A) |
93.56% |
|
(B) Promoter Group |
|
1 |
Banumathi Ganesan |
0.71% |
2 |
Seethalakshmi R |
0.57% |
3 |
Sowrirajan S |
0.64% |
4 |
Vishwam Constructions Private Limited |
1.91% |
|
Total (B) |
3.83% |
|
Grand Total (A+B) |
97.39% |
# - Promoter Selling Shareholders
Company Financial Highlights:
The financial highlights for ATMASTCO Pvt Ltd as on 30th June 2023 stood as follows:
Particulars |
Amount (In thousands) |
Revenue from Operations |
457,643.92 |
EBITA |
50,355.76 |
Profit Before Tax |
50,355.76 |
Profit After Tax |
35,256.16 |
Net cash from operating activities |
140,189.70 |
Net cash flow used in investing activities |
(2,527.81) |
Net cash flow used in financing activities |
(88,996.32) |
Strengths of ATMASTCO PVT LTD:
- 28 years of goodwill in the market, pre-qualification credentials and good quality service leading to organic growth.
- Providing end-to-end engineering products and solutions to diversly spread industries through well-equipped manufacturing units.
- Robust growth in order book value to Rs. 750 crores (approximately) as on 31st Jan 2024
- Manufacturing of defence products for military and para-military forces with the license of Government of India
- Integration of quality Control Inspection system in the business in addition to its customer-centric approach has helped the company sustain the competitive business environment
- Strategic selection of manufacturing and project management office location increased efficiency of the company
- Careful identification of projects and cost optimization has led to an efficient business model for the company
Industry Trends:
1. India Power EPC Market Analysis:
Factors such as increased efficiency in industrial operations, increased power-related projects, conventional thermal projects, and electricity for all initiatives by the Indian Government are leading the Indian power EPC market to grow at a CAGR of 3% in 2020-2025.
2. Indian Metal Fabrication Trends:
The establishment of global manufacturing units in China and India and an increasing number of Indian manufacturing units by 6 times their current value are major factors for an increase in demand for metal products
3.Steel Fabrication Trends in India:
Estimated to reach at $9.78 Billion in 2028, growing at a CAGR of 5.36 percent from 2021 to 2028, the growth in steel fabrication industry is propelled by factors like increased demand of anti-corrosion and heat resistance steel, nationwide increased number of constructions, rising demand of metal 3D printing, and increased usage in the energy sector.
4. Indian Defence Market Trends:
India&rsquo's emphasis on modernizing defence equipment to maintain robust independent defence posture at the global level is one of the key drivers of growth in the demand of metal products.
Important Dates For ATMASTCO Ltd IPO:
Event |
Tentative Date |
IPO Period |
15-Feb-24 to 20-Feb-24 |
Allotment Date |
21-Feb-24 |
Initiation of Refunds to non-allottees |
22-Feb-24 |
Shares Credit to Demat account |
22-Feb-24 |
Listing Date |
23-Feb-24 |
Important Information For ATMASTCO Ltd IPO:
Particulars |
Details |
IPO Price Range |
Rs. 77- Rs. 77 |
Minimum Application Quantity |
1600 shares |
Total Issue Size |
Up to Rs.56.25 Cr |
IPO Objective |
1. To meet the working capital requirements 2. To prepayment and repayment of all or a portion of certain secured and unsecured loan availed by our company 3. General Corporate Purpose and 4. To meet the Offer expenses |
How to Apply For ATMASTCO LTD IPO:
The ATMASTCO Ltd IPO can be applied via ASBA available in your bank account or follow these simple steps to apply with ICICI Direct:
- Go the IPO section
- Search for ATMASTCO Ltd IN SME IPO Section
- Fill in the required details
- Confirm your request
- Your order is placed!
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