Atmastco Limited IPO

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Atmastco Limited: Pioneering EPC and Fabrication Solutions

  • Established in 1994 as Atmastco Private Limited in Bhilai, Chhattisgarh. Transitioned to a Public Limited Company in 2016, now known as Atmastco Limited. Holds ISO 9001-2015, ISO 45001-2018, and ISO 14001-2015 certifications. Specializes in Engineering, Procurement, and Construction (EPC) services across various sectors.

Diverse Operations:

  • EPC Services: Entered the EPC market in 2020, securing significant contracts in the metal, oil & gas, and air pollution control sectors.
  • Steel Fabrication: Designs and manufactures precision equipment and structures for industrial applications.
  • Defence Manufacturing: Operates Atmastco Defence Systems Private Limited, focusing on military-grade protective gear.

Manufactured Products and Trading:

  • Produces and supplies heavy fabrication structures and equipment for energy, steel, cement, and infrastructure sectors.
  • Trades in steel, iron, chemical alloys, metals, and other industrial products.

Operational Excellence and Strategic Partnerships:

  • Recognized for minimizing overheads, controlling costs, and efficient project management.
  • Approved vendor for major governmental and industrial entities.

Customer Base and Market Presence:
Serves industries like power, refineries, steel, railways, and more.
Maintains strong supplier relationships for better market insights and raw material supply chain management.

Leadership and Vision:
Led by a seasoned management team including Mr. Subramaniam Swaminathan Iyer and other key professionals.
Committed to continuous growth, innovation, and client satisfaction.

Future Outlook:
Aims to expand its footprint in EPC projects and continue its legacy in the steel fabrication and defence sectors.

Objects of the Atmastco Limited IPO:

The company intend to utilize the issue proceeds to meet the following objects: i. To meet the working capital requirements ii. To prepayment and repayment of all or a portion of certain secured and unsecured loan availed by the company iii. General Corporate Purpose and iv. To meet the Offer expenses Total number of shares issues :- Fresh issues :- 5,480,000 shares, Offer For Sale :- 1,825,600 shares.
DRHP of Atmastco Limited IPO
RHP of Atmastco Limited IPO

Atmastco Limited IPO Details:

Open Date: Feb 15 2024
Close Date: Feb 20 2024
Total Shares: 7,305,600
Face Value: ₹ 10 Per Equity Share
Issue Size: 56.25 Cr.
Lot Size: 1600 Shares
Issue Price: ₹ 77 Per Equity Share
Listing At: NSE Emerge
Listing Date: Feb 23 2024

Promoters And Management:

Mr. Subramanian Swaminathan Iyer, the founding promoter and Managing Director of the company since its inception in 1994, brings over 35 years of experience in the Iron and Steel trading industry and Structural Fabrication. A senior secondary graduate from the State Board of School Examinations, Tamil Nadu, Mr. Iyer has been pivotal in guiding the company through major policy decisions and strategic directions, including the foray into the Engineering, Procurement, and Construction (EPC) business in 2020. Under his visionary leadership, the company has seen significant expansion and innovation, adhering to business ethics and staying abreast of technological advancements. Mrs. Jayasudha Iyer , aged 51 years was appointed as the Director on the Board of the Company on May 01, 1994. She is a Promoter of the Company and has been designated as Whole-Time Director w.e.f. February 01, 2017. She has completed her Senior Secondary Examination from State Board of School Examinations, Tamil Nadu. She has experience of more than 25 years in the field of business in Iron and Steel Industry and is actively involved in day-to-day affairs of the Company. Venkataraman Ganesan, aged 56, serves as the Executive Director and Chief Financial Officer of the company. Joining the board in 2004 and later appointed as CFO in 2016, he has over 25 years of experience in finance, project execution, and marketing. A Science graduate and qualified Chartered Accountant, Ganesan plays a key role in business development, tendering, project planning, and negotiating large contracts, alongside managing the company's finances and growth strategies.

Financials of Atmastco Limited IPO:

P&L Statement

Particulars (in Lakh) 5MFY24 2023 2022 2021
Revenue From Operations 6,657 24,195 9,361 6938
Cost of Material Consumed 2,308 15,002 6,601 2725
Change in Inventories -147 -2,164 -993 1206
Employees Benefit Expenses 630 1,533 867 688
Other Expenses 2,390 6,725 1487 1375
EBITDA 1,476 3,099 1,399 944
OPM 22.17% 12.81% 14.94% 13.61%
Other Income 43 83 107 52
Depreciation 186 383 259 232
Finance Cost 456 978 784 663
PBT 877 1,821 463 101
Tax 248 543 140 40
PAT 629 1,278 323 61
NPM 9.39% 5.26% 3.41% 0.87%
EPS 2.54 5.17 1.31 0.25

Comparison With Peers:

There are no comparable peer which is listed companies in India engaged in the same line of business.

Lead Manager of Atmastco Limited IPO:

  1. Affinity Global Capital Markets Pvt Ltd

Registrar of Atmastco Limited IPO:

  1. Cameo Corporate Services Limited

Company Address:

Atmastco Limited 157-158, Light Industrial Area, Nandini Road, Opp Karuna Hospital, Durg Bhilai,-490026 Phone: + 91 94252 35807 Email: cfo@atmastco.com Website: https://www.atmastco.com/

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