ipo details of Atmastco – Atmastco Limited is a leading engineering, procurement, and construction company in the ferrous and non-ferrous metal industries. Its projects include several steel and power plants, railway bridges, pre-engineered buildings, and water treatment plants. The Company also manufactures precision equipment and heavy fabrication structures.
It operates through the following segments: EPC, Projects, and Defence Production. Atmastco is currently focusing on expanding its presence in the EPC business, to provide innovative technological solutions for its customers in the industry.
The Company’s management team is led by Arunkumar Sowrirajan, Chief Executive Officer. He embodies a blend of technical acumen and strategic vision, driving operational excellence and business growth. The Company has a proven track record of strong performance over the past three years.
As of 2024, Atmastco has been profitable for the last three consecutive years and its revenue has grown by 152 percent over the same period. The Company has also achieved significant growth in profits and earnings per share. The IPO proceeds will be used for working capital requirements, loan repayments, and to enhance technological solutions in the Engineering Procurement and Construction (EPC) sector.
Investors can apply for a minimum of 1,600 shares and in multiples of that amount. The subscription will close on February 20, and the listing is expected to take place on the NSE’s Emerge platform.
Atmastco has been in the business of design, engineering, and construction since 1988. The company has an in-house manufacturing plant, and it sources its raw materials from domestic and foreign markets. Its products are sold all over India, and it has a large customer base that includes the Ministry of Railways as well as major players in the energy and steel sectors.
In addition to executing turnkey EPC projects, Atmastco offers services in the areas of engineering and consulting. Its diversified portfolio of operations and extensive geographical footprint have given it a competitive advantage in the marketplace. The Company has a strong financial position and an experienced leadership team.
The company started its operations in 1988 as a partnership firm, and it was incorporated as a private limited company in 1994. It was renamed to Atmastco Limited in 2016. It is engaged in designing, manufacturing, and erection of precision equipment and heavy fabrication structures for industrial use. Its products include ceiling girders, railway girders & columns, bolted structures, equipment, pressure ducts, and box columns. They have a wide range of applications in various industries such as power and energy, steel plants, cement plants, railway bridges, water treatment plants, and refinery and fertilizer plants. It is a highly competitive and innovative company that has shown consistent growth over the years.
Its business model is based on creative and constantly reviewed marketing tactics. Its products are made of high-quality materials, and they are marketed through an in-house distribution channel. This has enabled the company to increase its sales and market share over the years. It has a good future potential, and it is worth investing in it.