Atmastco IPO: Follow these steps to check share allotment status

Investors who placed bids for shares in the ₹56.21-crore Atmastco IPO can check the status of share allotment on Wednesday, February 21.

The company is expected to finalise the IPO share allotment status soon. The SME IPO, which was open for subscription from February 15-20, was subscribed by more than 16 times after the end of the final day of bidding.

According to the data available on the National Stock Exchange of India (NSE), the Atmastco Ltd IPO received total bids for more than 11.99 crore shares against 73.05 lakh shares on offer.

The quota reserved for retail investors saw the highest number of bids, with an oversubscription of 17.23 times.

If you had also applied for the Atmastco IPO, you can check the status of share allotment on the official website of the registrar of the issue, which is Cameo Corporate Services Ltd.

Here’s a step-by-step guide that you can follow to check the status of your application:

• Visit the official website of the registrar at https://ipo.cameoindia.com/
• Under the ‘Select The Company’ drop down menu, choose ‘Atmastco Ltd’.
• In case the name is not visible there, it means that the allotment status has not been finalised yet.
• After you select the company name, choose your mode for customer identification. You can choose any one of these— PAN, IPO application number and DP/Client ID.
• After choosing the mode, enter details in the ‘Value’ tab. For example, if you have selected PAN, then give your PAN details.
• Enter the ‘Captcha’ as shown on the screen.
• Then press the ‘Submit’ button.

You would be able to check the allotment status of your application on your screen.

In case you have been allotted shares in the Atmastco IPO, expect them to be credited to your demat account by February 22. Else, funds would be refunded to your bank account on the same day. The listing of shares of Atmastco Ltd is expected on the NSE SME platform on February 23.

The Atmastco IPO is a fixed price issue of up to 73.05 lakh equity shares with a face value of ₹10 each. The company had priced the issue at ₹77 per share.

The Atmastco IPO comprised a fresh issue of 54.8 lakh shares aggregating to ₹42.20 crore and an offer for sale (OFS) of 18.26 lakh shares amounting to ₹14.06 crore.

The minimum investment amount for the retail investors was ₹1.23 lakh in a lot size of 1,600 shares. High networth investors needed to bid for a minimum of 2 lots, or 3,200 shares, amounting to ₹2.46 lakh.

Atmastco said that it intended to utilise the issue proceeds to meet the working capital requirements and for prepayment and repayment of all or a portion of certain secured and unsecured loan availed by the company. Besides that, the funds raised would also be used for general corporate purposes and to meet the offer expenses.

About Atmastco

Incorporated in 1994, Atmastco is a Chhattisgarh-based company that provides engineering, procurement and construction (EPC) services in the ferrous and non- ferrous sector.

The company produces and supplies heavy fabrication structures and equipment for energy, steel, cement, and infrastructure sectors. It also trades in steel, iron, chemical alloys, metals and other industrial products.