Atmatsco IPO: Check price, GMP other details
IPO) of Atmatsco opened for subscription on Thursday, February 15 and will close on February 20, Tuesday. The issue is 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 is a fresh issue and an offer for sale (OFS). The fresh issue comprises up to 54.80 lakh equity shares while aggregating up to Rs 42.19 crore. The total issue size is 7,305,600.
In the OFS, promoters Subramaniam Swaminathan Iyer and Venkataraman Ganesan will offload their shares.
The retail portion has been allocated up to 10% of the net Offer comprising 3,469,600 equity shares. The maximum bidding amount for retail investors is Rs 200,000 and the investors can 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 20-23 in the unlisted market.
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
