Atam Valves was incorporated in 1982 as a partnership. The company is in the business of manufacturering of valves.
| Bidding Dates |
|---|
| 18 Sep 2020 - 25 Sep 2020 |
| Subscription |
|---|
| 2.91x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,20,000 | 1 | 1 | 3000 | 1.1 M | ₹40 | 72.73 % | ₹45.0 M | RHP DOC |
Atam Valves IPO SUBSCRIPTION STATUS
25 Sep '20Atam Valves IPO overall subscription rate was 2.91 times the total available shares
Atam Valves IPO retail subscription rate was 3.35 times in the retail segment
Atam Valves IPO non-institutional investor subscription rate was 2.48 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
24 Sep 2020 (Day 5) | 2.75x | 2.41x | - |
25 Sep 2020 (Day 6) | 3.35x | 2.48x | - |
21 Sep 2020 (Day 2) | 1.1x | 2.09x | - |
22 Sep 2020 (Day 3) | 1.55x | 2.17x | - |
23 Sep 2020 (Day 4) | 1.95x | 2.17x | - |
18 Sep 2020 (Day 1) | 0.15x | 1.66x | - |
Atam Valves FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) |
| FY20 | 4.9 | 162.9 | 37.4 | 29.9 |
| FY19 | 6.5 | 183.4 | 36.3 | 30.8 |
| FY18 | 5.1 | 173.0 | 9.6 | -4.6 |
Atam Valves IPO SUBSCRIPTION STATUS DETAILS
Atam Valves had 1.1 M shares on offer
Atam Valves IPO offer price was ₹40
Atam Valves IPO minimum Investment was ₹120000
Atam Valves IPO issue size was ₹ 45.0 M
Atam Valves had a minimum lot size of 3000 Shares per application
Atam Valves NUMBER OF SHARES ON OFFER
Atam Valves IPO IMPORTANT DATES
| Issue Open Date | 18 Sep 2020 |
| Issue close Date | 25 Sep 2020 |
| Allotment Date | 30 Sep 2020 |
| Refund Date | 01 Oct 2020 |
| Demat Account Credit Date | 05 Oct 2020 |
| Listing Date | 06 Oct 2020 |
| Listing on Exchange(s) | BSE |
| Atam Valves Allotment Status | Exchange |
Atam Valves IPO subscription opened on 18 Sep 2020, and closed on 25 Sep 2020
IPO allotment for Atam Valves was finalized on Wednesday, 30 Sep 2020
IPO listing for Atam Valves was on BSE on Tuesday, 06 Oct 2020
Atam Valves IPO LISTING GAINS
| Issue Price (adjusted) | 20.0 |
| Listing Open Price | 40.0 |
| Listing Close Price | 39.0 |
| Listing Gain% | 0.0% |
| Current Gain% | 223.4% |
Atam Valves Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Atam Valves Ltd. | 64.7 | 26.7 | 30.7 | -0.5 | 1.6 | 6.3 | 4.2 | 47.3 | -21.9 | 2.4 | -61.7 | 2.1 | -61.6 |
| Cummins India Ltd. | 5426 | 150408.7 | 63.5 | 6 | 11.9 | 27.9 | 20.9 | 12660.5 | 16.8 | 2361.8 | 18.1 | 85.4 | 10.6 |
| GE Vernova T&D India Ltd. | 4299 | 110074.4 | 84.3 | 1.2 | 16.4 | 45.8 | 15.9 | 6297.2 | 44.6 | 1233.2 | 102.7 | 51 | 70.6 |
| 3M India Ltd. | 36035 | 40593.8 | 77.7 | 6.4 | 8 | 29.5 | 16.6 | 5138.5 | 13.8 | 522.3 | 9.7 | 463.7 | 12.2 |
| Kirloskar Oil Engines Ltd. | 2161.7 | 31457 | 57.6 | 3.7 | 4 | 15.9 | 5.3 | 7771.2 | 21.5 | 574.3 | 17.4 | 37.5 | 15.8 |
| Jyoti CNC Automation Ltd. | 784.3 | 17836.8 | 55.4 | -12.6 | 8.1 | 16.8 | 9.3 | 2153.6 | 17.5 | 336 | 6.3 | 14.1 | -4.4 |
Atam Valves INFORMATION ON IPO ISSUE
About Atam Valves
Atam Valves was incorporated in 1982 as a partnership. The company is in the business of manufacturering of valves.
Object of the Issue
- Repayment/ prepayment of certain secured borrowings availed by the company
- General corporate purposes
Atam Valves - PROMOTERS
| Name |
|---|
| Vimal Parkash Jain |
| Amit Jain |
Atam Valves Lead Manager
Fedex Securities Private Limited
mb@fedsec.in
Atam Valves Registrar to the Offer
Bigshare Services Private Limited
ipo@bigshareonline.com
Atam Valves Strengths
Experienced management team
The company is managed by a team of professionals led by Chairman and Wholetime Director, Vimal Parkash Jain, who has approximately 40 years of experience in the Valves business
Customer-base
The company has long-standing relationships with customers for whom it has executed repeat orders over an extended period of time
Quality assurance and standards
The company has been accredited with ISO 14001:2015 for Certification for Environment Management System (EMS) and ISO 9001:2015 for Quality Management System (QMS) issued by Equalitas Certifications Limited
Atam Valves Risks
Outstanding litigation
There are outstanding litigations involving the company, the promoters, and the group companies
untraceable records
Some of the company's corporate records including forms filed with the Registrar of Companies (ROC) are not traceable
IPO FAQs
The promoters of the company are Vimal Parkash Jain and Amit Jain.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 40.0 - 40.0.
The IPO application opens on Sep 18, 2020 and closes on Sep 25, 2020.
The minimum lot size for the IPO is 3000. The maximum lot size for the IPO is 3000.
For all category investors, the minimum application amount for this IPO is Rs. 120,000.0, the maximum value for this IPO is Rs 120,000.0.
This IPO will be allotted on Sep 30, 2020.
The refund will be credited to your account on Oct 01, 2020.
The allotted shares will be credited to your demat on Oct 05, 2020.
Atam Valves Ltd.’s shares listed on the stock exchanges on Oct 06, 2020.