Atal Realtech IPO Details

Atal Realtech IPOAtal Realtech IPO description – Atal Realtech is a construction company providing integrated civil works contracting and engineering services for structural construction and infrastructure sector projects and is a registered contractor with the Government of Maharashtra Public Works Department in Class I-A. The company engages in contracting and sub-contracting for various government and private projects which includes construction of commercial structures and industrial structures. The company is situated at Nashik and many of its project sites are located in the State of Maharashtra.

Majority of the construction activity being undertaken by it includes civil & structural construction and infrastructure contracts under subcontracting by main contractors, who have been allotted the project by a principle employer. Its focus areas include Civil construction projects, Water Supply and Drainage Projects, Road and Bridges Projects, Major and Minor Irrigation Projects.

Promoters of Atal Realtech – Mr Vijaygopal Atal
Atal Realtech IPO details
Subscription Dates 30 September – 7 October 2020
Price Band INR72 per share
Fresh issue 304,000 shares (INR2.19 crore)
Offer For Sale 1,200,000 shares (INR8.64 crore)
Total IPO size 1,504,000 shares (INR10.83 crore)
Minimum bid (lot size) 1,600 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On NSE Emerge SME platform
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Atal Realtech’s financial performance (in INR crore)

    FY2018 FY2019 FY2020
Revenue   51.6 58.3 58.7
Expenses   48.3 55.2 55.2
Net income   2.3 2.1 2.6
         

Registrar of Atal Realtech IPO

Bigshare Services Private Limited
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis Makwana Road Marol,
Andheri (East), Mumbai – 400059
Phone: +91 22 6263 8200  
Email: [email protected]
Website: www.bigshareonline.com

Valuation of Atal Realtech IPO (FY2020)

Earnings Per Share (EPS): INR5.67
Price/Earnings (PE ratio): 12.71 
Return on Net Worth (RONW): 9.59%
Net Asset Value (NAV): INR59.07 per share

Atal Realtech IPO Subscription Details

Day Subscription (no. of times)
Day 1

0.06

Day 2

0.07

Day 3

0.10

Day 4

1.01

Day 5

1.13

Atal Realtech Contact Details

Atal Realtech Limited
Shop No. 1, Sumangal Builder House, Holaram Colony, Sadhu Vaswani Road, Nashik – 422 002 
Phone: +91 253 – 231 2627
Email: [email protected]
Website: www.atalrealtech.com

Atal Realtech IPO Allotment Status

Atal Realtech IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.

Listing Performance of Atal Realtech

IPO Opening Date: 30 September 2020
IPO Closing Date: 7 October 2020
Finalisation of Basis of Allotment: 12 October 2020
Initiation of refunds
: 13 October 2020
Transfer of shares to demat accounts
: 14 October 2020
Listing Date: 15 October 2020
Opening Price on NSE SME: INR70.2 per share (up 2.5% from IPO price) 
Closing Price on NSE SME: INR66.7 per share (up 7.36% from IPO price)

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