Atal Realtech IPO(SME) details and Analysis

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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 nameAtal Realtech Ltd
IndustyConstruction-Real estate

Dates to remember

IPO Open30 September 2020
IPO Close07 October 2020
Basis of Allotment12 October 2020
Refunds date13 October 2020
Credit to Demat Account14 October 2020
 Listing Date15 October 2020

IPO details

Issue typeFixed-PriceIPO
IPO issue size₹10.83 crores
Number of shares offered to the public1,504,000 shares
Face value₹10 per equity share
Offer price ₹72 per equity share
Retail portion50%
Lot size1600 Nos
Minimum application1 lot – 1600 shares
Minimum application amount₹1,15,200
Listing ExchangeNSE (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)
Revenue 51.658.358.7
Expenses 48.355.255.2
Net income

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 Holding100%
Post Issue Share Holding69.52%

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  

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

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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