Atmastco NSE SME IPO GMP

Atmastco Limited, an established engineering company with a diverse portfolio, is gearing up for its Initial Public Offering (IPO) on the NSE SME Exchange. This blog will delve into the specifics of the Atmastco SME IPO, including its size, price, Grey Market Premium (GMP), company profile, strengths, objectives, and important dates.

Atmastco SME IPO Details

  • Issue Size: The total issue size of the Atmastco SME IPO amounts to Rs 56.25 Crores. This includes a Fresh issue size of Rs 42.20 Crores and an Offer For Sale (OFS) size of Rs 14.06 Crores. Each share has a face value of Rs 10.
  • Price and Lot Size: Investors can apply for the IPO by purchasing at least one lot of 1600 shares or its multiple at the described price band of Rs 77 per share.
  • IPO Timings: The IPO is set to open from 15th February to 20th February 2024.

Also Read: Upcoming IPO in India

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Atmastco SME IPO GMP Analysis

The Grey Market Premium (GMP) for the Atmastco SME IPO reflects the price at which the IPO is traded in an unofficial market before its listing. As of the latest update, the GMP stands at Rs 20. With the IPO price at Rs 77, the estimated listing price is Rs 97, indicating a potential gain of 25.97% per share.

Atmastco Day-wise IPO GMP Trend:

Here’s a comprehensive overview of Atmastco’s day-wise IPO GMP trend: [ Last Updated: 22 Feb, 2024; 16:50]

GMP DateIPO PriceGMPSub2 Sauda RateEstimated Listing Price
22-02-2024Rs 77.00₹6 7300₹83 (7.79%)
21-02-2024Rs 77.00₹6 7300₹83 (7.79%)
20-02-2024Rs 77.00₹78500₹84 (9.09%)
19-02-2024Rs 77.00₹6 7300₹83 (7.79%)
18-02-2024Rs 77.00₹1518200₹92 (19.48%)
17-02-2024Rs 77.00₹1518200₹92 (19.48%)
16-02-2024Rs 77.00₹1518200₹92 (19.48%)
15-02-2024Rs 77.00₹1518200₹92 (19.48%)
14-02-2024Rs 77.00₹2834000₹105 (36.36%)
13-02-2024Rs 77.00₹2024300₹87 (12.99%)
12-02-2024Rs 77.00₹1012200₹87 (12.99%)
11-02-2024Rs 77.00₹0₹(0%)

Also Read: Benefits and Risks of Investing in IPO

Latest IPO GMP:

Investors can track the live GMP status of Atmastco SME IPO and other upcoming and closed IPOs through platforms like Stockesta.com. However, it’s crucial to remember that IPO GMP is subject to extreme volatility and should not be the sole basis for investment decisions.

About Atmastco Limited

Established in 1994, Atmastco Limited is an engineering company offering engineering, procurement, and construction (EPC) services in the ferrous and non-ferrous sectors. Their portfolio includes the design, manufacture, and supply of precision equipment, heavy fabrication structures, defense products like bulletproof jackets and helmets, and more.

Also Read: Announced IPOs: Upcoming Big IPOs in India 2024

Strengths of Atmastco Limited:

  • Over two decades of experience in EPC services and manufacturing.
  • Diversified product portfolio with a focus on quality.
  • Established distribution network and long-term customer relationships.
  • Experienced management team with extensive sector knowledge.

Atmastco SME IPO Objectives

The proceeds from the IPO will be utilized for various purposes including:

  • Meeting working capital requirements.
  • Repayment of loans.
  • General corporate purposes.
  • Covering offer expenses.

Also Read: When Can a Company Go for IPO in India

Atmastco SME IPO Important Dates

  • SME IPO Open Date: 15-02-2024
  • SME IPO Close Date: 20-02-2024
  • Basis of Allotment Finalization Date: 21-02-2024
  • Refunds Initiation Date: 22-02-2024
  • Credit of Shares to Demat Account Date: 22-02-2024
  • SME IPO Listing Date: 23-02-2024

Investors should stay updated with the latest information regarding the IPO dates and other announcements.

In conclusion, the Atmastco SME IPO presents an opportunity for investors to participate in the growth story of an established engineering company. However, it’s essential to conduct thorough research and consider all factors before making investment decisions.

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Disclaimer: The information provided on this website is for informational purposes only and should not be construed as financial or investment advice. Users are advised to do their own research and consult a qualified financial advisor before making any investment decisions.

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