IPO Issue Details
Issue Price / Price Band₹40 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size3,000 Shares per Lot
Total Issue Size11,25,000 shares (aggregating up to ₹4.50 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenFri, 18 Sep 2020
Subscription CloseFri, 25 Sep 2020
Anchor AllotmentThu, 17 Sep 2020
Basis of AllotmentWed, 30 Sep 2020
Initiation of RefundsThu, 01 Oct 2020
Credit of Shares to DematMon, 05 Oct 2020
Listing DateTue, 06 Oct 2020
UPI Mandate Deadline2020-09-25
Application & Investment Details
Retail — Min (1 Lots)₹1,20,000 — 3,000 shares
Retail — Max (13 Lots)₹1,560,000 (13 Lots)
HNI — Min (2 Lots)₹2,40,000 — 6,000 shares
Net Offer to Public10,68,000 shares (aggregating up to ₹4.27 Cr)
Reserved for Market Maker57,000 shares (aggregating up to ₹0.2280 Cr)
Pre-IPO Promoter Holding30,00,000 shares
Post-IPO Promoter Holding41,25,000 shares
About Atam Valves Ltd
Incorporated in 1982, ATAM Valves limited is engaged in the business of various types of valves. The company's product range includes boiler mountings and various types of valves and fittings, steam traps and strainers.Company manufacture bronze, cast iron, cast steel, carbon steel, stainless-steel, forged steel as well as gun metal industrial valves in various sizes. Also, they can alter the size as per customer requirement.The company sell its product under two brand names, viz., ATAM and FEBI. Under the brand ATAM, they deal in Valves and fittings, steam traps and strainers. Under brand FEBI, they deal in Ball-Valves.They have a presence in India as well as they export their product in United States, Kuwait, Kenya, South Africa, Malaysia, Dubai, Indonesia, Australia, Oman, Philippines, Ethiopia, Nepal and United Kingdom.Competitive strengths1. Fully integrated and self-reliant Manufacturing Facility2. Experienced Management team3. Focus on developing novel and innovative products4. Technical expertise and vast industry experience5. Customer-Base6. Quality Assurance and Standards7. Brand Value
Objects of the Issue
Atam Valves Ltd proposes to utilise the net proceeds from the Issue for the following objects:
1
Repayment/ Prepayment of certain secured borrowings availed by our Company
3.14
2
General corporate purposes
1.04
Shareholding & Lock-in
Pre-IPO Promoter Holding
30,00,000 shares
Post-IPO Promoter Holding
41,25,000 shares