Revealed By: Mohammad Haris
Final Up to date: February 12, 2024, 16:54 IST
Engineering, procurement and building agency Atmastco Ltd on Monday stated it’ll increase a little bit over Rs 56 crore via an preliminary public providing that can open for subscription on February 15. Submit the completion of the Preliminary Public Providing (IPO), shares of the Bhilai- headquartered firm shall be listed on the Nationwide Inventory Change’s Small and Medium Enterprise (SME) platform — NSE Emerge.
The corporate’s IPO is a mixture of recent concern of 54.8 lakh fairness and an Provide For Sale (OFS) of 18.25 lakh shares with a set value of Rs 77 apiece, in response to a press release. At this value, the corporate will mobilise Rs 42.2 crore via the recent concern and Rs 14.06 crore by the use of OFS.
Proceeds from the recent concern shall be primarily used for funding the working capital necessities of the corporate. Moreover, some quantity shall be used for reimbursement of loans and normal company functions. The maiden public concern opens for subscription on February 15 and can conclude on February 20.
The Chattisgarh-based firm has ongoing initiatives price greater than Rs 720 crore. Buyers can apply for no less than 1,600 fairness shares and in multiples of 1,600 fairness shares thereafter.
Affinity International Capital Market Personal Ltd is the only real lead supervisor to the general public concern.