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Atmastco IPO: Check Out Price Band, Issue Size & More

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by Sandip Das on 15 February 2024,  4 min read

Atmastco IPO: Check Out Price Band, Issue Size & More
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Atmastco, an EPC contractor, opened its initial public offer (IPO) for subscription on February 15, 2024. The subscription period concludes on February 20, 2024. This SME IPO represents a fixed-price issue valued at Rs 56.25 crore, involving a fresh issue of 54.8 lakh equity shares totaling Rs 42.20 crore. Additionally, it includes an offer for sale (OFS) of 18.26 lakh shares amounting to Rs 14.06 crore.

About the company

Atmastco focuses on providing services to the steel sector, emphasizing usability, security, and sustainability. We assist clients with MEP contractors, cutting-edge technologies, and creative designs.

Price Band

Atmastco has set the IPO price band at Rs 77 per share.

Also read: Vibhor Steel Tubes IPO: Total Subscription of 297.81 Times, QIB Portion Booked 178.73 Times
Issue Size

Atmastco Limited is issuing a total of 73,05,600 equity shares, comprising 54,80,000 equity shares as part of a fresh issue and 18,25,600 equity shares through an Offer for Sale (OFS). The NSE EMERGE will list the company.

Objectives of the issue

Atmastco Limited plans to use the proceeds from the IPO for working capital requirements and repayment of loans. The goal is to become a provider of technology solutions in the EPC sector, aiming to improve efficiency on existing and new contracts.

Disclaimer: The information provided in this blog post is for informational purposes only and should not be construed as investment or trading advice. The author is not a financial advisor and does not have any professional qualifications in this area. The author does not guarantee the accuracy or completeness of the information provided. Any action you take based on the information in this blog post is done at your own risk. Please consult with a financial advisor before making any investment decisions.

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