Atal Realtech Ltd IPO

Atal Realtech Ltd IPO

Atal Realtech Ltd IPO is a NSE SME IPO, which is open for all investors from 30th Sept 2020, Wednesday to 7th Oct 2020, Wednesday. Promoters are offering 1,504,000 equity shares to public through this issue which is worth of ₹10.83 Crores. For other IPO details on Atal Realtech Ltd IPO, scroll below

IPO Details

Grey Market Premium of Atal Realtech Ltd IPO

GMP of Atal Realtech Ltd IPO is currently Not Available. Grey Market Premium will be updated once it’s available

Company Background

Atal Realtech Ltd is a Nashik based construction company, with an annual revenue of Rupees 5,869.23 lakhs.

  • Company has completed more than 20 projects under various contracting and / or sub-contacting agreements
  • Majority of their projects implemented as a subcontractor for prakash Constrowell Ltd which is now known as Setubandhan Infrastructure Limited.
  • Company has 23 empoyees
  • Company holds a trademark in its name
  • coverage include standard perils and fire insurance, vehicle insurance and contractors’ plant and machinery insurance.

Date of Incorporation

Atal Realtech Ltd was incorporated as “Atal Realtech Private Ltd ” on 25th August 2012. Company was finally converted into a public limited company on 21st January 2020 

Promoters of Atal Realtech Ltd IPO

Mr. Vijaygopal Ata is the promoters of the company.

Product & Services Offered

Atal Realtech Ltd offers following products & services to its clients:-

  • Contracting and sub-contracting various government and private projects
  • Engaged in trading activities, wherein they supply construction materials to their various clients as per their specific requirements

Clientele base of the company

Company caters

  • Government of Maharashtra Public Works Department and offers integrated civil works contracting and engineering services for structural construction and infrastructure sector projects

Purpose of this IPO

Purpose of the issue:

  • To meet up Working Capital Requirements
  • General corporate purposes

Atal Realtech Ltd IPO Issue Details

Issue Details
Issue Open 30th Sept 2020, Wednesday Issue Close 7th Oct 2020, Wednesday
Issue Type Fixed Price IPO Issue Face Value Rs 10 Per Equity Share
Price Band ₹72 per equity share Bid Lot & Minimum order quantity 1600 Shares
Issue Size ₹10.83 Cr Listing at NSE SME

IPO Timeline

Tentative IPO Timeline
Bid Opens on 30th Sept 2020, Wednesday Bid Closes on 7th Oct 2020, Wednesday
Finalization of basis of allotment 12th Oct 2020, Monday Initiation of Refunds 13th Oct 2020, Tuesday
Credit of shares to demat account 14th Oct 2020, Wednesday Listing Date 15th Oct 2020, Thursday

Company Financials

For the year/period ended (₹ in Lacs)
Total Assets 5,730.34 5,002.59 2,816.60
Total Revenue 5,869.23 5,826.18 5,157.11
Profit After Tax 262.32 212.37 231.85

Ratings & Reviews of Atal Realtech Ltd IPO

As per experts one could avoid the IPO

  • inconsistent top and bottom lines

Investors are advised to conduct proper due diligence before investing in this IPO

Red Herring Prospectus of Atal Realtech Ltd IPO

IPO Lead Managers

Aryaman Financial Services limited and Galactico Cprporate Service Ltd are managing the IPO

Address of Atal Realtech Ltd

Atal Realtech Ltd
Shop No. 1, Sumangal Builder House,
Holaram Colony,
Sadhu Vaswani Road, Nashik – 422 002

Phone: +91-253-231 2627

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