Atmastco IPO: The company plans to use the net fresh issue proceeds to meet the working capital requirements, to prepay and repay certain secured and unsecured loans and for general corporate purposes.
Atmatsco shares listed at Rs 91 with 18.2% premium. IPO oversubscribed 15 times. Proceeds used for working capital and loan repayment. Manufacturer of precision equipment and heavy fabrication structures. Revenue increased 156% in FY23.
The issue closed on February 20, Tuesday. The issue was at a fixed price of Rs 77 per equity share. The equity shares will be listed on the NSE Emerge platform.
Atmatsco IPO will close for subscription on Tuesday. The IPO is a fresh issue and an offer for sale (OFS). The fresh issue comprises up to 54.80 lakh equity shares while aggregating up to Rs 42.19 crore. The total issue size is 7,305,600.