Atal Realtech Rights Issue Date, Price, Allotment, Entitlement

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Atal Realtech Rights Issue

Atal Realtech Rights Issue is scheduled for 2 – 19 September 2024.

Atal Realtech specializes in both contracting and sub-contracting across a wide range of government and private sector projects, including the construction of commercial and industrial buildings. The company primarily focuses on civil and structural construction work, often operating as a subcontractor under the direction of main contractors who have secured the project from a principal employer.

As of May 2024, the company employs 28 individuals. The company focus area includes:

  • Civil construction projects, which include structures such as sports complex projects (Indoor and Outdoor Sports Stadiums), multi-purpose halls, commercial structures, industrial structures, Hospitals, Cold Storages, Educational Institutions, mass housing projects
  • Water Supply and Drainage Projects
  • Road and Bridges Projects
  • Major and Minor Irrigation Projects
Atal Realtech Rights Issue Price

Promoters of Atal Realtech – Vijaygopal Parasram Atal


Atal Realtech Rights Issue Details

Atal Realtech Rights Issue Date2 – 19 September 2024
Atal Realtech Rights Issue PriceINR 7 per share
Issue Size (in Shares)3,70,05,000 shares
Issue Size (in INR)INR 25.90 crore
Issue Entitlement1 equity shares for 2 every equity shares held on record date
Terms of PaymentFully payable at the time of application
Atal Realtech Rights Issue Record Date22 August 2024
Face ValueINR 2 per share
Listing OnBSE, NSE

Atal Realtech Rights Issue Calculation

Atal Realtech Rights Issue PriceINR 7 per share
Market Price on Rights Issue ApprovalINR 7.7 per share
Dilution Factor (X)1.5
Fair Value After Dilution at Prevailing PriceINR 7.47 per share

Atal Realtech Financial Performance

 FY 2022FY 2023FY 2024
Revenue40.4340.6340.83
Expenses35.2835.6935.66
Operating Margin (%)12.7412.1612.66
Net Income2.152.172.14
ROCE (%)11.6910.5410.35
Figures in INR Crores unless specified otherwise

Atal Realtech Rights Offer Objectives

The net proceeds from the offer are proposed to be used for

  • Towards working capital requirements – INR 21.41 crore
  • General Corporate Purposes – INR 4.49 crore

Atal Realtech Rights Offer Documents


Atal Realtech Rights Issue Dates

Rights Issue Approval Date14 August 2024
Rights Issue Record Date22 August 2024
Credit of Rights Entitlement28 August 2024
Rights Issue Opening Date2 September 2024
Last Date for Market Renunciation4 September 2024
Rights Issue Closing Date19 September 2024
Finalization of Basis of Allotment
Rights Allotment Date
Credit Date
Listing Date

Atal Realtech Rights Offer Registrar

LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 810 811 4949
Email: [email protected]
Website: www.linkintime.co.in


Atal Realtech Issue Contact Details

ATAL REALTECH LIMITED
Unit No. 301 and 302, ABH Developers Town Square,
S No. 744, Nashik, Maharashtra, India, 422002
Phone: +91 253 – 2993859
Email: 
[email protected], [email protected]
Website:
www.atalrealtech.com


Atal Realtech Rights Offer FAQs

What is Atal Realtech Rights Issue Price?

The issue price is INR 7 per share.

What is Atal Realtech Rights Issue entitlement ratio?

The eligible shareholders are offered 1 Equity Shares for every 2 Equity Shares held on the record date.

What is Atal Realtech Rights Issue Record Date?

The Record date is 22 August 2024.

How to Apply in Atal Realtech Rights Offer?

The best way to apply in the Atal Realtech Rights Offer is through Internet banking ASBA. You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an application Form form and deposit the same to your broker.

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