Atmastco Ltd IPO: Engineering, procurement and construction company Atmastco Limited plans to raise more than Rs 56 crore through initial public offering (IPO). The company’s IPO will open on 15 February and close on 20 February.
After completion of the IPO, the company’s shares will be listed on NSE Emerge, the small and medium enterprises (SME) platform of the National Stock Exchange.
54.8 lakh new shares will be issued under the IPO. This also includes offer for sale (OFS) of 18.25 lakh shares.
The price for this has been fixed at Rs 77 per share.
Will raise Rs 14.06 crore from offer for
In the IPO letter issued by the company, it has been stated that the proceeds from the new issue will be mainly used to increase the working capital of the company. Additionally, some amount will be used for repayment of loans and general corporate purposes. The Chhattisgarh-based company has ongoing projects worth more than Rs 720 crore. Investors can apply for a minimum of 1,600 equity shares and in multiples of 1,600 equity shares thereafter.
How much will have to be invested
To invest in the company, you will have to bid on at least one lot. Its one lot contains 1600 shares. This means that the investor will have to invest at least Rs 1,23,200.
What is Atomastco IPO?
Atmastco IPO is an NSE SME IPO. They are going to raise ₹56.25 crore through IPO. The issue price is ₹77 per equity share. The IPO is to be listed on NSE.
When will Atomastco IPO open?
The IPO will open for QIB, NII and retail investors on February 15, 2024.
How to Apply for Atomastco IPO?
You can apply online for Atmastco IPO through ASBA through your bank account. You can also apply for ASBA online through UPI through your stock brokers. You can also apply through your stock brokers by filling the offline form.
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