Business Standard

Atam Valves Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

4.50 cr

Price Range (₹)

40

Lot Size

3000

Min Investment (₹)

1,20,000.00

Listing Exchange

BSE - SME

Open Date

18-Sept-2020

Close Date

25-Sept-2020

Listing Date

06-Oct-2020

Atam Valves Ltd News

    The Shares of Atam Valves Ltd have now been listed.

    Atam Valves Ltd IPO Details

    Initial public issue of 11,25,000 equity shares of face value of Rs. 10.00/- each (equity shares) of Atam Valves Limited (The Company or The Issuer) for cash at a price of Rs. 40 per equity share (The Issue Price), (including a premuim of Rs. 30 per equity share), aggregating Rs. 4.50 crores (The Issue), of which 57,000 equity shares of face value of Rs. 10.00/- for cash at a price of Rs. 30 each aggregating Rs. 0.23 crores will be reserved for subscription by market maker to the issue (The market maker reservation portion). The issue less market maker reservation portion i.e. Issue of 10,68,000 equity shares of face value of Rs. 10.00 each for cash at a price of Rs. 40 per equity share, aggregating to Rs. 4.27 crores is hereinafter referred to as the net issue. The issue and the net issue will constitute 27.27 % and 25.89% respectively of the post issue paid up equity share capital of the company.

    Objective of issue

    Repayment/ Prepayment of certain secured borrowing availed by the company. General corporate purpose.

    Atam Valves Ltd Contact Details

    Atam Valves Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

    Phone - 91-22-62638200

    Fax - 91-22-63638299

    Email - cs@atamfebi.com

    Website - www.atamvalves.in