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Atam Valves SME IPO is a fixed price issue of Rs 4.50 crores. The issue is entirely a fresh issue of 11.25 lakh shares.
Atam Valves SME IPO bidding started from September 18, 2020 and ended on September 25, 2020. The allotment for Atam Valves SME IPO was finalized on Wednesday, September 30, 2020. The shares got listed on BSE SME on October 6, 2020.
Atam Valves SME IPO price is ₹40 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹120,000.
Fedex Securities Pvt Ltd is the book running lead manager of the Atam Valves SME IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Atam Valves SME IPO RHP for detailed information.
| IPO Date | September 18, 2020 to September 25, 2020 |
| Listing Date | October 6, 2020 |
| Face Value | ₹10 per share |
| Price | ₹40 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 1,125,000 shares (aggregating up to ₹4.50 Cr) |
| Fresh Issue | 1,125,000 shares (aggregating up to ₹4.50 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 3,000,000 |
| Share holding post issue | 4,125,000 |
| Market Maker portion | 57,000 shares |
Atam Valves SME IPO offers 1,182,000 shares. 562,500 (47.59%) to NII, 562,500 (47.59%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 57,000 (4.82%) |
| Other Shares Offered | 562,500 (47.59%) |
| Retail Shares Offered | 562,500 (47.59%) |
| Total Shares Offered | 1,182,000 (100%) |
Atam Valves SME IPO opens on September 18, 2020, and closes on September 25, 2020.
| IPO Open Date | Friday, September 18, 2020 |
| IPO Close Date | Friday, September 25, 2020 |
| Basis of Allotment | Wednesday, September 30, 2020 |
| Initiation of Refunds | Thursday, October 1, 2020 |
| Credit of Shares to Demat | Monday, October 5, 2020 |
| Listing Date | Tuesday, October 6, 2020 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 25, 2020 |
Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹120,000 |
| Retail (Max) | 1 | 3000 | ₹120,000 |
| Lot Size Calculator | |||
Mr. Vimal Parkash Jain and Mr. Amit Jain are the promoters of the company.
| Share Holding Pre Issue | 99.99% |
| Share Holding Post Issue | 72.73% |
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 strengths
1. Fully integrated and self-reliant Manufacturing Facility
2. Experienced Management team
3. Focus on developing novel and innovative products
4. Technical expertise and vast industry experience
5. Customer-Base
6. Quality Assurance and Standards
7. Brand Value
| Particulars | For the year/period ended (Rs in lakhs) | |||
|---|---|---|---|---|
| 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | ||
| Total Assets | 1617.39 | 1,726.20 | 1,855.90 | |
| Total Revenue | 1632.54 | 1,841.34 | 1,732.23 | |
| Profit After Tax | 49.43 | 65.21 | 51.02 | |
Company purposes utilizing the net IPO proceed towards following objectives;
1. Repayment/ Prepayment of certain secured borrowings availed by the Company; and
2. General corporate purposes
[Dilip Davda] AVL has posted inconsistency in its top and bottom lines for the last three fiscals. The issue is priced aggressively compared to a listed peer. There is no harm in giving this costly offer a "MISS". Read detail review...
The Atam Valves SME IPO is subscribed 2.91 times on September 25, 2020 6:49:02 PM. The public issue subscribed 3.35 times in the retail category, times in the QIB category, and 2.48 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 2.48 |
| Retail | 3.35 |
| Total | 2.91 |
| Listing Date | October 6, 2020 |
| BSE Script Code | 543236 |
| NSE Symbol | ATAM |
| ISIN | INE09KD01013 |
| Final Issue Price | ₹40 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹40.00 |
| ₹40.00 |
| ₹38.00 |
| ₹40.00 |
| ₹39.05 |
Atam Valves Ltd
1051, Industrial Area,
Jalandhar,
Phone: 0181 5001111
Email: cs@atamfebi.com
Website: http://www.valvesexporters.com
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
SME Company Owners
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Check our SME IPO Guide 
Atam Valves SME IPO is a SME IPO of 1,125,000 equity shares of the face value of ₹10 aggregating up to ₹4.50 Crores. The issue is priced at ₹40 per share. The minimum order quantity is 3000 Shares.
The IPO opens on September 18, 2020, and closes on September 25, 2020.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Atam Valves SME IPO using UPI as a payment gateway. Zerodha customers can apply in Atam Valves SME IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Atam Valves SME IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Atam Valves SME IPO opens on September 18, 2020 and closes on September 25, 2020.
Atam Valves SME IPO lot size is 3000 Shares, and the minimum amount required is ₹120,000.
You can apply in Atam Valves SME IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Atam Valves SME IPO will be done on Wednesday, September 30, 2020, and the allotted shares will be credited to your demat account by Monday, October 5, 2020. Check the Atam Valves SME IPO allotment status.
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