Atal Realtech IPO is going to hit the Dalal Street on 30th September 2020. he company aims to raise ₹ 10.83 crores through this fixed Price SME IPO.
Atal Realtech Ltd
AR is a construction company providing integrated civil works contracting and engineering services for structural construction and infrastructure sector projects and is a registered contractor with the Government of Maharashtra Public Works Department in Class I-A. The company engages in contracting and sub-contracting for various government and private projects which includes the construction of commercial structures and industrial structures. The company is situated at Nashik and many of its project sites are located in the State of Maharashtra.
Objective of the Issue
- Funding Working Capital Requirement.
- General Corporate Purpose.
Basic details about the company
| Full name | Atal Realtech Ltd |
| Sector | Realty |
| Industy | Construction-Real estate |
| Company Website | www.atalrealtech.com |
Dates to remember
| IPO Open | 30 September 2020 |
| IPO Close | 07 October 2020 |
| Basis of Allotment | 12 October 2020 |
| Refunds date | 13 October 2020 |
| Credit to Demat Account | 14 October 2020 |
| Listing Date | 15 October 2020 |
IPO details
| Issue type | Fixed-PriceIPO |
| IPO issue size | ₹10.83 crores |
| Number of shares offered to the public | 1,504,000 shares |
| Face value | ₹10 per equity share |
| Offer price | ₹72 per equity share |
| Retail portion | 50% |
| Lot size | 1600 Nos |
| Minimum application | 1 lot – 1600 shares |
| Minimum application amount | ₹1,15,200 |
| Listing Exchange | NSE (NSE Emerge SME platform) |
More details about the company
Incorporated in 2012, Atal Realtech Ltd is a construction company mainly engaged in contracting and sub-contracting various government and private projects.
They are registered contractor with the Government of Maharashtra Public Works Department and offers integrated civil works contracting and engineering services for structural construction and infrastructure sector projects. Majority of their projects implemented as a subcontractor for prakash Constrowell Ltd which is now known as Setubandhan Infrastructure Limited. They have successfully completed more than 20 projects under various contracting and / or sub-contacting agreements.
Majority of the construction activity being undertaken by it includes civil & structural construction and infrastructure contracts under subcontracting by main contractors, who have been allotted the project by a principle employer. Its focus areas include Civil construction projects, Water Supply and Drainage Projects, Road and Bridges Projects, Major and Minor Irrigation Projects.
Apart from construction, Company is also engaged in trading activities, wherein they supply construction materials to their various clients as per their specific requirements.
Financial Summary
| Atal Realtech’s financial performance (in INR crore) | ||||
| FY2018 | FY2019 | FY2020 | ||
| Revenue | 51.6 | 58.3 | 58.7 | |
| Expenses | 48.3 | 55.2 | 55.2 | |
| Net income | 2.3 | 2.1 | 2.6 |
Valuation of Atal Realtech IPO (FY2020)
| Earnings Per Share (EPS) | ₹ 5.67 |
| Price/Earnings (PE ratio) | 12.71 |
| Return on Net Worth (RONW) | 9.59% |
| Net Asset Value (NAV) | ₹ 59.07 per share |
Company Promoters
Mr Vijaygopal Atal
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 69.52% |
Lead managers
- Aryaman Financial Services Ltd
- Galactico Corporate Services Ltd
Registrar of Atal Realtech IPO
Bigshare Services Private Limited
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis Makwana Road Marol,
Andheri (East), Mumbai – 400059
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Atal realtech Ltd Contact details
Atal Realtech Limited
Shop No. 1, Sumangal Builder House, Holaram Colony, Sadhu Vaswani Road, Nashik – 422 002
Phone: +91 253 – 231 2627
Email: info@atalrealtech.com
Website: www.atalrealtech.com
Atal Realtech IPO Allotment Status
Atal Realtech IPO allotment status will be available on Bigshare Services’ website.
Click on this link to get allotment status.
Final thoughts
Atal Realtech IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post gave you enough details to make a fundamental study of the company. learn well and make a wise decision.
happy investing
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