Atmastco IPO: Check Subscription Status, GMP Today.
Unlisted shares of Atmastco Ltd are buying and selling Rs 30 greater within the gray market, which is a 38.96 per cent itemizing acquire from the general public concern
Atmastco IPO: The preliminary public providing of engineering, procurement and development agency Atmastco Ltd has opened on Thursday, February 15. Till 11:10 am on the primary day of bidding, the Rs 56.25-crore SME IPO acquired 27 per cent subscription, garnering bids for 18,59,200 shares as in opposition to 69,39,200 shares on provide.
The IPO will stay open until February 20.
The retail class has acquired 0.50 occasions subscription and the non-institutional quota bought 0.04 occasions subscription.
The allotment of Atmastco IPO will happen on February 21, whereas its itemizing will happen on each NSE SME on February 23, 2024.
Atmastco IPO GMP Today
According to market observers, unlisted shares of Atmastco Ltd are buying and selling Rs 30 greater within the gray market as in contrast with its concern worth. The Rs 30 gray market premium or GMP means the gray market is anticipating a 38.96 per cent itemizing acquire from the general public concern. The GMP is predicated on market sentiments and retains altering.
‘Grey market premium’ signifies buyers’ readiness to pay greater than the problem worth.
Atmastco IPO Details
The Atmastco IPO is a mixture of contemporary concern of 54.8 lakh fairness and an Offer For Sale (OFS) of 18.25 lakh shares with a set worth of Rs 77 apiece, in keeping with an announcement. At this worth, the corporate will mobilise Rs 42.2 crore by way of the contemporary concern and Rs 14.06 crore by means of OFS.
The proceeds from the contemporary concern can be primarily used for funding the working capital necessities of the corporate. Besides, some quantity can be used for reimbursement of loans and basic company functions. The maiden public concern opens for subscription on February 15 and can conclude on February 20.
It will elevate slightly over Rs 56 crore by way of an preliminary public providing that may open for subscription on February 15. Post the completion of the Initial Public Offering (IPO), shares of the Bhilai-headquartered firm can be listed on the National Stock Exchange’s Small and Medium Enterprise (SME) platform — NSE Emerge.
The Chattisgarh-based firm has ongoing tasks price greater than Rs 720 crore. Investors can apply for at least 1,600 fairness shares and in multiples of 1,600 fairness shares thereafter.
Affinity Global Capital Market Private Ltd is the only lead supervisor to the general public concern.
