Business Standard

Atmastco Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

56.25 cr

Price Range (₹)

77

Lot Size

1600

Min Investment (₹)

1,23,200.00

Listing Exchange

NSE - SME

Open Date

15-Feb-2024

Close Date

20-Feb-2024

Listing Date

23-Feb-2024

Atmastco Ltd News

    The Shares of Atmastco Ltd have now been listed.

    Atmastco Ltd IPO Details

    Initial public offering of up to 73,05,600 equity shares of face value of Rs. 10 each (Equity Shares) of Atmastco Limited (The Company_ for cash at a price of Rs. 77/- per equity share (including a share premium of Rs. 67/- per equity share) (Offer Price) aggregating up to Rs. 56.25 crores (the Offer) comprising a fresh issue of up to 54,80,000 equity shares aggregating up to Rs. 42.19 crores by the company (the Fresh Offer) and an offer for sale of up to 18,25,600 equity shares by Subramaniam Swaminathan Iyer and Venkataraman Ganesan aggregating up to Rs. 14.06 crores (Selling Shareholders) (Such Equity Shares offered by the selling shareholder, the Offered Shares) (such offer for sale by the selling shareholder, the Offer for Sale and together with the fresh issue, The Offer). Out of which 3,66,400 equity shares aggregating to Rs. 2.82 crores will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The offer less market maker reservation portion i.e. offer of upto 69,39,200 equity shares aggregating to Rs. 53.43 crores (Net Offer). The offer and the net offer will constitute 29.53 % and 28.05%, respectively of the post issue paid up equity share capital of the company.

    Objective of issue

    To meet working capital Expenditure. To prepayment and repayment of all a portion of certain secured and unsecured loan availed by the company. General corporate purposes.

    Atmastco Ltd Contact Details

    Atmastco Ltd, Subramanian Building, 1ST Floor No 1, Club House Road, Chennai - 600002

    Phone - 91-44-28462700

    Fax - 91-44-28460129

    Email - cfo@atmastco.com

    Website - www.atmastco.com