Atal Realtech SME
Listing performance
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Issue details
- IPO date
- 30 Sep 2020 – 07 Oct 2020
- Listing date
- 15 Oct 2020
- Face value
- ₹10 per share
- Issue price
- ₹72 per share
- Lot size
- 1,600 shares
- Total issue size
- ₹10.83 Cr
- Promoter holding
- 100.00% → 69.52% pre-issue → post-issue
- ISIN
- INE0ALR01011
- Registrar
- Bigshare Services Pvt.Ltd.
- Lead managers
- Aryaman Financial Services Ltd.
- Registered office
- Shop No. 1, Sumangal Builder House, Holaram Colony, Sadhu Vaswani Road, Maharashtra
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Market maker | 76,800 | — | — |
Application size
Minimum 1,600 shares per lot, in multiples, at ₹72
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1,600 | ₹1,15,200 |
| S-HNI (min) | 2 | 3,200 | ₹2,30,400 |
| S-HNI (max) | 8 | 12,800 | ₹9,21,600 |
| B-HNI (min) | 9 | 14,400 | ₹10,36,800 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Valuation and performance
Valuation at offer price
| Metric | Pre-issue | Post-issue |
|---|
About Atal Realtech SME
Atal Realtech Limited is a construction company incorporated in 2012 that provides integrated civil works contracting and engineering services for structural construction and infrastructure sector projects. The Company is a registered contractor with the Government of Maharashtra Public Works Department in Class I-A. It engages in contracting and sub-contracting for various government and private projects, including construction of commercial and industrial structures. The Company has evolved from undertaking primarily sub-contracted work with Prakash Constrowell Limited to pursuing direct contracting opportunities. The Company is headquartered in Nashik, Maharashtra, with most project operations concentrated in Maharashtra, though it has undertaken projects in other parts of India including Gujarat and Telangana. The Company has successfully completed over 20 projects ranging from commercial buildings, hospitals, educational campuses, and water supply infrastructure. The Company's revenue is generated through civil construction contracts and trading of construction materials. The business is characterized as working capital intensive with substantial equipment and machinery requirements.
Company Analysis
from DRHPAtal Realtech Limited is a construction company providing integrated civil works contracting and engineering services for structural construction and infrastructure projects, operating as both a sub-contractor and direct contractor in Maharashtra and other parts of India.
Atal Realtech Limited is a construction company incorporated in 2012 that provides integrated civil works contracting and engineering services for structural construction and infrastructure sector projects. The Company is a registered contractor with the Government of Maharashtra Public Works Department in Class I-A. It engages in contracting and sub-contracting for various government and private projects, including construction of commercial and industrial structures. The Company has evolved from undertaking primarily sub-contracted work with Prakash Constrowell Limited to pursuing direct contracting opportunities. The Company is headquartered in Nashik, Maharashtra, with most project operations concentrated in Maharashtra, though it has undertaken projects in other parts of India including Gujarat and Telangana. The Company has successfully completed over 20 projects ranging from commercial buildings, hospitals, educational campuses, and water supply infrastructure. The Company's revenue is generated through civil construction contracts and trading of construction materials. The business is characterized as working capital intensive with substantial equipment and machinery requirements.
Objects of the Issue
- Funding Working Capital Requirement ₹ 130.00 lakhs p.61
- General Corporate Purposes [●] lakhs (not exceeding 25% of Net Proceeds) p.61
Issue Structure
- Total Issue
- Up to 15,06,000 Equity Shares aggregating to ₹ [●] lakhs
- Fresh Issue
- Up to 3,06,000 Equity Shares of ₹ 10 each aggregating to ₹ [●] lakhs
- Offer for Sale
- Up to 12,00,000 Equity Shares by promoter Mr. Vijaygopal Atal aggregating to ₹ [●] lakhs
- Price Band
- [●] per share
- Lot Size
- [●] shares (with subsequent multiples of [●] shares)
- Face Value
- ₹ 10 per share
Business Model
The Company generates revenue through two primary channels: (1) Construction Contracts and Civil Works (representing approximately 79% of FY 2018-19 revenue) - undertaken on sub-contracting basis with main contractors or as direct contracts from government agencies and private clients; and (2) Trading of Construction Materials and Project Supplies (representing approximately 21% of FY 2018-19 revenue) - involving supply of building materials to other construction companies and contractors. Revenue from contracts is recognized using the percentage-of-completion method based on stage of completion of projects. The Company uses a mix of owned machinery and hired equipment to execute projects, employs contractual labor, and maintains working capital through bank financing and internal accruals.
Business Segments
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Mr. Vijaygopal Atal | Promoter | 81.90% | 52.51% |
Leadership
Auto-extracted from the company's DRHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official DRHP before relying on it.