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Business News/ Markets / Ipo/  Atmastco IPO: Issue subscribed over 9 times so far on last day, check GMP, other key details of SME IPO
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Atmastco IPO: Issue subscribed over 9 times so far on last day, check GMP, other key details of SME IPO

Atmastco IPO is an SME IPO and a fixed price issue worth ₹56.25 crore, comprising a combination of fresh issue of 54.8 lakh equity shares aggregating to ₹42.20 crore and an offer for sale (OFS) of 18.26 lakh shares aggregating to ₹14.06 crore.

Atmastco IPO opened for public subscription on February 15 and will close on February 20. (Photo: Company Website)Premium
Atmastco IPO opened for public subscription on February 15 and will close on February 20. (Photo: Company Website)

Atmastco IPO: The initial public offering (IPO) of Atmastco Ltd, an EPC contractor, will close today, February 20.

Atmastco IPO is an SME IPO that opened for subscription on February 15 and has been receiving strong response from investors.

The company is a provider of multi-disciplinary services and project management solutions in the ferrous and non-ferrous sectors.

Let us check Atmastco IPO GMP, subscription status and other key details on the last day:

Atmastco IPO Subscription Status

Atmastco IPO has been subscribed 9.04 times so far on Tuesday, February 20, the fourth and the last day of the bidding process. The issue received bids for 6.27 crore equity shares as against 69.39 lakh shares on the offer, as per data available till 1:10 pm.

The public issue has been subscribed 13.58 times in the retail category and 4.49 times in the Non-Institutional Investors (NII) category so far. 

Also Read: Vibhor Steel Tubes share price makes a blockbuster debut, stock lists with 181.5% premium at 425 on NSE

Atmastco IPO GMP Today

Atmastco IPO GMP today, or grey market premium today, has dropped to 6 per share, as per stock market observers. This means Atmastco shares are trading at a premium of 7.79% at 83 apiece in the grey market as against its IPO price of 77 per share.

Atmastco IPO Details

The bidding for Atmastco IPO opened on February 15 and will close today on February 20. The IPO allotment will be fixed on February 21.

Atmastco IPO is an SME IPO and a fixed price issue worth 56.25 crore, comprising a combination of fresh issue of 54.8 lakh equity shares aggregating to 42.20 crore and an offer for sale (OFS) of 18.26 lakh shares aggregating to 14.06 crore.

Also Read: Indian stock exchanges topped in number of IPOs in 2023: EY Report

Atmastco IPO price band is set at 77 per share. The IPO lot size is 1,600 shares and the minimum investment amount required by retail investors is 123,200.

The equity shares of Atmastco Ltd will list on NSE SME with a tentative listing date fixed on February 23.

Affinity Global Capital Market Private Limited is the book running lead manager of the Atmastco IPO, while Cameo Corporate Services Limited is the IPO registrar.

Read all IPO news here

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Published: 15 Feb 2024, 02:29 PM IST
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