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Atal Realtech Ltd. IPO Details

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Atal Realtech Ltd is a construction company mainly engaged in contracting and sub-contracting various government and private projects.

Bidding Dates
30 Sep 2020 - 07 Oct 2020
Subscription
1.2x Oversubscribed
Minimum InvestmentMinimum LotMaximum LotLot SizeNumber of SharesIssue PricePost Issue Promoter Holding %Issue SizeIPO Document
₹1,15,2001116001.5 M₹7269.52 %₹108.3 MRHP DOC

Atal Realtech IPO SUBSCRIPTION STATUS

07 Oct '20
Total1.2x
Retail Individual Investor0.4x
HNI (NII) Investors1.99x
Qualified Institutional Buyers-

Atal Realtech IPO overall subscription rate was 1.2 times the total available shares

Atal Realtech IPO retail subscription rate was 0.4 times in the retail segment

Atal Realtech IPO non-institutional investor subscription rate was 1.99 times in the non-institutional investor category

DayRetail Individual InvestorHNI (NII) InvestorsQualified Institutional Buyers
Category Reservation50%50%-
07 Oct 2020
(Day 5)
0.4x1.99x-
01 Oct 2020
(Day 2)
0.04x0.11x-
05 Oct 2020
(Day 3)
0.09x0.13x-
06 Oct 2020
(Day 4)
0.15x1.98x-
30 Sep 2020
(Day 1)
0.02x0.11x-

Atal Realtech 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 26.2 581.5 29.5 8.4
FY19 21.2 575.7 37.0 37.5
FY18 23.2 514.7 19.4 -10.2

Atal Realtech IPO SUBSCRIPTION STATUS DETAILS

Atal Realtech had 1.5 M shares on offer

Atal Realtech IPO offer price was ₹72

Atal Realtech IPO minimum Investment was ₹115200

Atal Realtech IPO issue size was ₹ 108.3 M

Atal Realtech had a minimum lot size of 1600 Shares per application

Atal Realtech NUMBER OF SHARES ON OFFER

Total1.5 M
Fresh Issue304.0 K
Offer for Sale1.2 M
Post Issue Promoter Holding %69.52 %

Atal Realtech IPO IMPORTANT DATES

Issue Open Date30 Sep 2020
Issue close Date07 Oct 2020
Allotment Date12 Oct 2020
Refund Date13 Oct 2020
Demat Account Credit Date14 Oct 2020
Listing Date15 Oct 2020
Listing on Exchange(s)NSE
Atal Realtech Allotment StatusExchange

Atal Realtech IPO subscription opened on 30 Sep 2020, and closed on 07 Oct 2020

IPO allotment for Atal Realtech was finalized on Monday, 12 Oct 2020

IPO listing for Atal Realtech was on NSE on Thursday, 15 Oct 2020

Atal Realtech IPO LISTING GAINS

Issue Price (adjusted)4.8
Listing Open Price70.2
Listing Close Price66.7
Listing Gain%-2.5%
Current Gain%635.4%

Atal Realtech Peer

StockStock PriceMarket Cap (Rs crore)PE TTMPEG TTMPS TTMROE%ROA%Annual Revenue (Rs crore)Annual Revenue Growth %Annual Net Profit (Rs crore)Annual Net Profit Growth %EPS TTMEPS TTM Growth %
Atal Realtech Ltd.35.317.467.43.66.85.5120.36.50.5
DLF Ltd.64215891535.7-41.323.59.75.998169.14414.71.118-0.9
Lodha Developers Ltd.1218.7121763.929.50.86.714.75.817119.520.83428.22441.339.2
Prestige Estates Projects Ltd.1584.868262.159.90.55.27.31.613195.570.61195.5155.726.4115.9
Phoenix Mills Ltd.1895.567795.2531.814.911.15.44593.615.91223.824.335.829
Oberoi Realty Ltd.177564539.424.50.910.2149.96304.315.22507.412.772.327.5

Atal Realtech INFORMATION ON IPO ISSUE

About Atal Realtech

Atal Realtech Ltd is a construction company mainly engaged in contracting and sub-contracting various government and private projects.

Object of the Issue

  1. Funding Working Capital Requirement.
  2. General Corporate Purpose.

Atal Realtech - PROMOTERS

Name
Vijaygopal Atal

Atal Realtech Lead Manager to the Issue

Aryaman Financial Services limited

ipo@afsl.co.in

Galactico Cprporate Service Ltd

info@galacticocorp.com

Atal Realtech Registrar to the issue

Bigshare Services Pvt Ltd

ipo@bigshareonline.com

Atal Realtech Strengths

Experienced senior management team

The company is managed by a team of competent personnel having knowledge of core aspects of the business.

Strength

Established execution track record

The company has gained significant experience and has established a track record and reputation for efficient project management, execution, and timely completion

Strength

Engineering expertise and access to sophisticated equipment

The company is equipped with technical knowledge, machinery, and labour resources to handle various kinds of construction processes, ranging from residential buildings, schools, guest houses, hospitals, road, bridges, and infrastructure works like excavations and laying of pipelines.

Strength

Atal Realtech Risks

Dependent on few clients

A substantial portion of the company's revenues has been dependent upon a few clients

Risk

Concentrated business

Business is largely concentrated in Maharashtra. The project portfolio has historically been concentrated on projects in and around Maharashtra

Risk

IPO FAQs

  • Atal Realtech Ltd. IPO listing opened at Rs 70.20 while the issue price was Rs 72.00 giving -2.50% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 4.80 giving 635.42% gains since its IPO listing.

  • This IPO consists of an offer for sale of up to Rs 8.6 crore, of 1,200,000 shares. It also consists of a fresh issue of Rs 2.2 crore.

  • The promoter of the company is Vijaygopal Atal.

  • 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 72.0 - 72.0.

  • The IPO application opens on Sep 30, 2020 and closes on Oct 07, 2020.

  • The minimum lot size for the IPO is 1600. The maximum lot size for the IPO is 1600.

  • For all category investors, the minimum application amount for this IPO is Rs. 115,200.0, the maximum value for this IPO is Rs 115,200.0.

  • This IPO will be allotted on Oct 12, 2020.

  • The refund will be credited to your account on Oct 13, 2020.

  • The allotted shares will be credited to your demat on Oct 14, 2020.

  • Atal Realtech Ltd.’s shares listed on the stock exchanges on Oct 15, 2020.