The issue closed on February 20, Tuesday. The issue was at a fixed price of Rs 77 per equity share. The equity shares will be listed on the NSE Emerge platform. View More

The allotment of SME initial public offering (IPO) of Atmatsco is expected to be finalised on Wednesday. Investors who applied for the issue can check the allotment status by visiting the NSE website. On the allotment date, investors get to know about the number of shares allotted to them as against the bids made. Here's how you can check the status on NSE: Step 1: Visit the NSE IPO login page and register/sign-up in case you are a new user. Step 2: On registration, the investor will receive an email notification from NSE on the registered email address providing the login details. Log-in using the details. Step 3: Provide your PAN details. The user shall be able to view the details of the bids entered against the registered PAN number. The allotment status can also be checked by visiting the official website of the registrar to the issue which is Cameo Corporate Services in this case. Step 1: Visit the IPO Allotment Status page on Cameo Corporate Services website Step 2: Select IPO from the dropdown Step 3: Put Application No. and enter captcha and 'Submit'. The initial public offering (IPO) of Atmatsco has been subscribed 16.41 times over the four-day issue period. The IPO received over 11.99 crore share bids on the NSE. Out of this, the retail portion received 67,302,400 share bids, the non-institutional investors' portion received 45,478,400 share bids while the qualified institutional buyers' quota got 7,136,000 share bids. The issue closed on February 20, Tuesday. The issue was at a fixed price of Rs 77 per equity share. The equity shares will be listed on the NSE Emerge platform. About Atmatsco IPO The IPO was a fresh issue and an offer for sale (OFS). The fresh issue comprised up to 54.80 lakh equity shares while aggregating up to Rs 42.19 crore. The total issue size was 7,305,600. In the OFS, promoters Subramaniam Swaminathan Iyer and Venkataraman Ganesan were to offload their shares. The retail portion was allocated up to 10% of the net Offer comprising 3,469,600 equity shares. The maximum bidding amount for retail investors was Rs 200,000 and the investors could apply in multiple of 1 lot with 1,600 shares. Atmatsco IPO GMP The shares of Atmatsco were commanding a market premium (GMP) of Rs 7 per share in the unlisted market, significantly down from Rs 20-23 ahead of the opening of the issue. Atmatsco IPO proceeds The proceeds from the IPO will be used for working capital requirements and repayment of loans in order to become a provider of technology solutions in the EPC sector to improve efficiency on existing and new contracts. About Atmatsco Atmatsco is headquartered in Bhilai, Chhattisgarh and has business interests in EPC projects within the ferrous and non-ferrous domains. The company is also involved in the design, manufacturing, and supply of precision equipment and heavy fabrication structures for diverse industrial applications. "With a pan-India presence, an annual capacity of more than 24,000 tonnes and a dedicated workforce of more than 250 employees, we are a mainstay in our industry. Our commitment to excellence and scale makes us one of the country's leaders in installed capacity," said Subramaniam Swaminathan, Chairman and MD. Having operated for over three decades, Atmatsco boasts of valued customers including the ministry of railways and major companies in the energy and steel sectors. The profits generated from the EPC sector will be utilised towards the production of defence systems until September 2024 through its subsidiary Atmastco Defence Systems. Atmatsco financials With ongoing projects worth over Rs 720 crore, the company has become consistently profitable over the last three financial years. It recorded a 156% increase in revenue in FY23 as compared to the previous financial year. Atmatsco IPO lead managers The lead manager of the issue is Affinity Global Capital, while Cameo Corporate Services will act as registrar for the issue. Atmatsco IPO timeline The allotment of shares is expected to get finalised on February 21, Wednesday. The initiation of refunds and credit of shares to demat accounts is expected on February 22, Thursday. The expected listing date is February 23, Friday. Also Read: Esconet Technologies IPO allotment: Check status, listing date, GMP and other details (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)




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