Atal Realtech IPO Review, Dates, Allotment, Size, Live Bid Details, GMP & RHP

Let’s have a detailed review of the company and analytics of the Atal Realtech Limited IPO release date, IPO offer price, subscription, Atal Realtech IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.

Face ValueRs 10
Price BandRs 72
Listing AtNSE SME
Min. Order Quantity1600
Listing Date Oct 15, 2020
Offer for SaleRs 864 LAKHS
Fresh IssueRs 219 LAKHS
IPO SizeRs 1,082.88 LAKHS
Tick SizeNA

Atal Realtech IPO is listed at NA premium. Check out the live share price by clicking on the below link.

Atal Realtech Share Price – Live Performance

Summary of Atal Realtech IPO

Atal Realtech IPO

Their Company is in the business of providing construction services and other related services for civil & structural construction and infrastructure sector projects.

They are engaged in contracting and sub-contracting for various government and private projects (mainly with Prakash Controwell Limited) which includes construction of commercial structures and industrial structures.

They have an established track record in executing different types of construction projects particularly, commercial structures. Their portfolio of completed and ongoing projects mainly includes commercial & residential buildings, industrial structure, hospitals, educational campus, roads, cold storages and water supply projects.

The Promoter of this company is Mr. Vijaygopal Atal. The lead managers to the issue are ARYAMAN FINANCIAL SERVICES LIMITED, GALACTICO CORPORATE SERVICES LIMITED. The Registrar to this issue is BIGSHARE SERVICES PRIVATE LIMITED.


Atal Realtech IPO Dates / Launch Date

The opening and the closing date of Atal Realtech IPO is Sep 30, 2020 and Oct 7, 2020.


Atal Realtech IPO Subscription 

Day / DateNIIRIITotal Subscription
1st Day – Sep 300.11x0.02x0.07x
2nd Day – Oct 10.11x0.04x0.07x
3rd Day – Oct 2
4th Day – Oct 3
5th Day – Oct 4
6th Day – Oct 5
7th Day – Oct 6
8th Day – Oct 7
Shares Offered or Net Issue

The shares subscribed by the public will be updated here.


Atal Realtech IPO Allotment Status

Here, you can find the Allotment Status of this IPO. Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment status is not yet disclosed.

Atal Realtech IPO Listing Date

Find the dates below on basis of allotment, refund, listing and more:

Basis of Allotment FinalizationOct 12, 2020
Refunds InitiationOct 13, 2020
Credit of Shares to Demat AccountOct 14, 2020
Share Listing DateOct 15, 2020

Atal Realtech IPO Price Band / Cash Price

The face value of each share is Rs.10, and the cash price of the IPO is Rs.72. 


Atal Realtech IPO Size

This Initial Public Issue of 15,04,000 Equity Shares of Rs.10 each for cash at a price of Rs.72 per equity share aggregating to Rs.1,082.88 Lakhs.


Atal Realtech IPO Share Offering

Fresh Issue: The Fresh Issue of 3,04,000 Equity Shares by their Company of Rs.10 each at a price of Rs.72 per equity share aggregating to Rs.218.88 lakh,

Net Offer: The Net Offer of up to 14,27,200 Equity Shares of Rs.10 each at price of Rs.72 per Equity Shares aggregating to Rs.1,027.58 lakhs

Offer for Sale: Offer for sale consists of Up to 12,00,000 Equity Shares of face value of Rs.10 each for cash at a price of Rs.72 per Equity Share aggregating Rs.864.00 lakhs.


Atal Realtech IPO – Live Performance

The listing date of this IPO is Oct 15, 2020. You can check the live performance of the IPO here, only after it is listed on exchanges.

Live IPO Performance – Atal Realtech Share Price

Atal Realtech IPO Grey Market Premium

The Atal Realtech IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 


Atal Realtech Limited – Company Overview

Their Company was incorporated in the year 2012 for undertaking various construction activities, majorly acting as a sub-contractor to Prakash Constrowell Limited (now known as Setubandhan Infrastructure Limited).

They are a construction company providing integrated civil works contracting and engineering services for structural construction and infrastructure sector projects and are a registered contractor with the Government of Maharashtra Public Works Department in Class I-A.

Their Company engages in contracting and sub-contracting for various government and private projects which includes construction of commercial structures and industrial structures. Their Company is situated at Nashik and many of their project sites are located in the State of Maharashtra, though they have undertaken projects in other parts of India.

Majority of the construction activity being undertaken by them includes civil & structural construction and infrastructure contracts under sub contracting by main contractors, who have been allotted the project by a principle employer. Further, they have undertaken a few projects directly as a Contractor for certain private construction companies and real estate developers.

Atal Realtech Focus Area

  • Civil construction projects, which include structures such as sports complex projects (Indoor and Outdoor Sport Stadiums), multi-purpose hall, commercial structures, industrial structures, Hospitals, Cold Storages, Educational Institution, mass housing projects;
  • Water Supply and Drainage Projects;
  • Road and Bridges Projects;
  • Major and Minor Irrigation Projects

Atal Realtech – Area of Business

Currently, their Company has been working on various commercial and infrastructure projects of government bodies on sub-contract basis. However, over the years, they have amassed a significant amount of experience in various kinds of commercial construction and infrastructure projects and also have built a financially sound balance sheet.

There are many eligibility criteria set by the government agencies or private clients for particular projects such as financial experience, past projects executed by them etc.

Atal Realtech – Bidding of Projects

They have recently obtained their first project on direct contract basis from PWD, Maharashtra for construction of an Administrative Building at Motala in the Buldana District.

The Company intends to enhance their bidding activity for various projects for which tenders are invited and also intend to increase their presence in direct contracting project works. They believe that this will enable them to increase their financial results and also provide them a varied work profile.

Atal Realtech Business Process

The life-cycle of a construction project is a combination of sound market understanding, meticulous planning, resource mobilization, and implementation as per pre-determined schedules and standards.

The entire exercise is aimed at obtaining a project under sub-contracting agreement or as a direct contract and completing it in a satisfactory manner.

Atal Realtech Limited: Business strategies

  • Focus on Direct Contracts
  • Continue to Develop Client and Vendor Relationships
  • Augment their Fund Based Capacities in Order to Scale-up Business Operation
  • Building and Strengthening Execution Capabilities for Timely Project Delivery

Atal Realtech Ltd – Financial Statements

On the basis of Standalone statement:

Amount (in INR & Lakhs)
Mar-2031-Mar-19Mar-18
Total Assets5,730.345,002.592,816.60
Total Revenue5,869.235,826.185,157.11
Total Expense5,521.655,515.214,829.40
Profit After Tax262.32212.37231.85

Earnings per Equity Share (in Lakhs)

Amount (in INR & Lakhs)
Mar-20Mar-1931-Mar-18
Basic & Diluted5.674.826.08

From FY 2017-18 to FY 2019-2020, as per the Restated Financial Statements

  • Our business has witnessed steady growth in recent years. In the past three (3) years, our revenue from operations has increased from Rs.5,147.21 lakhs in the F. Y. 2017-18 to Rs.5,757.08 lakhs in the F. Y. 2018-19 and further to Rs.5,814.70 lakhs in the F. Y. 2019-20 showing an increase of approximately 12% and 1%. Our Net Profit after tax for the above mentioned periods are Rs.231.85 lakhs, Rs.212.37 lakhs and Rs.262.32 lakhs, respectively.
  • Between F. Y. 2017-18 and F. Y. 2019-20, our total revenue grew at a CAGR of 4.15% from Rs.5,147.21 lakhs for F. Y. 2017-18 to Rs.5,814.70 lakhs for F. Y. 2019-20, EBITDA grew at a CAGR of 5.91% from Rs.529.23 lakhs for F. Y. 2017-18 to Rs.628.74 lakhs for F. Y. 2019-20 and our PAT grew at a CAGR of 4.20% from Rs.231.85 lakhs for F. Y. 2017-18 to Rs.262.32 lakhs for F. Y. 2019-20.

Atal Realtech IPO – Promoters

The Promoter of this company is:

  • Mr. Vijaygopal Atal

List of Related Parties (Key Managerial Personnel)

  • Mr. Amit Atal, General Manager (Purchase)
  • Mr. Sushil Ladda, Company Secretary and Compliance Officer
  • Anil Gite, General Manager (Project)
  • Mr. Uday Satve, Chief Financial Officer

Interest in promotion of the Company

Their Company is currently promoted by the promoter in order to carry on its present business. Their Promoter is interested in their Company to the extent of their shareholding and directorship in their Company and the dividend declared, if any, by their Company.

Interests of Promoter in property of their Company

Their Promoter has confirmed that he does not have any interest in any property acquired by their Company within three years preceding the date of this Draft Prospectus or proposed to be acquired by their Company as on the date of this Draft Prospectus


Atal Realtech IPO Offer Details or Issue Details

Particulars No. Of Equity Shares
 Equity Shares Offered Up to 15,04,000 Equity Shares, aggregating up to Rs.1,082.88 lakhs
 Of which:
Fresh Issue3,04,000 Equity Shares, aggregating up to Rs.218.88 lakhs
Offer for SaleUp to 12,00,000 Equity Shares, aggregating up to Rs.864.00 lakhs
Of which:
Market Maker Reservation PortionUp to 76,800 Equity Shares aggregating up to Rs.55.30 lakhs
Up to 14,27,200 Equity Shares aggregating up to Rs.1,027.58 lakhs
Of which:
Net Offer to Public7,13,600 Equity Shares available for allocation for Investors of up to Rs.2 lakhs
7,13,600 Equity Shares available for allocation for Investors of up to Rs.2 lakhs
 Equity Shares outstanding prior to the Issue46,30,000 Equity Shares
 Equity Shares outstanding after the Issue49,34,000 Equity Shares

Atal Realtech IPO Issue Object

  • Funding Working Capital Requirement
  • General Corporate Purpose

Further, their Company expects that the listing of the Equity Shares will enhance their visibility and their brand image among their existing and potential customers.

The Main Objects clause as set out in the Memorandum of Association enables their Company to undertake its existing activities and the activities for which funds are being raised by the Company through the Present Offer. Further, they confirm that the activities that they have been conducting until now are in accordance with the objects clause of their Memorandum of Association.

Atal Realtech Limited: Competitive Strength

  • Experienced Senior Management Team
  • Established Execution Track Record
  • Engineering Expertise and Access to Sophisticated Equipment
  • Ability to Undertake Projects on Turnkey and Design-Build

Atal Realtech IPO – Basis of the Offer Price

The Offer Price has been determined by their Company and the Selling Shareholder in consultation with the Lead Managers on the basis of the key business strengths.

Qualitative factors are:

  • Experienced Senior Management Team;
  • Established Execution Track Record;
  • Engineering Expertise and Access to Sophisticated Equipment;
  • Ability to Undertake Projects on Turnkey and Design-Build

Atal Realtech IPO – Quantitative Factors

Basic & Diluted EPSRONW in %NAV (Rs.)
31-Mar-185.6724.39%
31-Mar-194.828.59%
*31-Mar-206.089.59%59.07
  • Price to Earnings (P/E) ratio in relation to Price band of Rs.72 of Rs.10 per each
ParticularsP/E ratio
Highest140.0
Average18.3
Lowest0.9

Atal Realtech Limited: Competitive Peers

Face Value (Rs.)P/EEPS  (Rs.)Return on Net Worth (%)NAV per share (Rs.)
Atal Realtech Limited1012.715.679.59%59.07
Listed Peers
Dilip Buildcon1012.1431.0711.79%263.65
JMC Projects (India) Ltd211.414.708.14%57.77
Prestige Estates Projects Ltd1038.926.554.98%131.40

Atal Realtech IPO Lead Managers

Lead Managers
ARYAMAN FINANCIAL SERVICES LIMITED
60, Khatau Building, Ground Floor,
Alkesh Dinesh Modi Marg,
Opp. P. J. Towers (BSE Building)
Fort, Mumbai – 400 001.
Tel: +91 – 22 – 6216 6999
Email: ipo@afsl.co.in
Website: www.afsl.co.in
SEBI Registration No.: INM000011344GALACTICO CORPORATE SERVICES LIMITED
2nd Floor, Shree Gurudev Tower,
Above Shirpur Co-op. Bank Ltd,
Canada Corner, Nashik – 422 005.
Tel: +91 – 253 – 2319714
Email: info@galacticocorp.com;
Website: www.galaticocorp.com
SEBI Registration No. INM000012519

Atal Realtech IPO Registrar to Offer

Registrar to the Offer
BIGSHARE SERVICES PRIVATE LIMITED
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis, Makwana Road,
Marol, Andheri East, Mumbai – 400 059
Tel: +91 – 22 – 6263 8200;
Email: ipo@bigshareonline.com;
Website: www.bigshareonline.com
Investor Grievance Email: investor@bigshareonline.com;
Contact Person: Mr. Babu Raphael
SEBI Registration No.: INR000001385

Other Details:

  • Statutory Auditor – A. S. BEDMUTHA & CO., CHARTERED ACCOUNTANTS
  • Legal Counsel to the Company – ZASTRIYA
  • Bankers to the Company – [●]


Atal Realtech IPO Review by Top 10 Stock Brokers

Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
Angel Broking7.5/107.4/108.5/108.1/107.1/10
Sharekhan7.2/107.1/108.6/108.1/107.2/10
Kotak Securities7.3/107.5/108.4/108.1/107.3/10
ICICI Direct7.3/107.3/108.7/108.1/107.1/10
IIFL7.5/107.2/108.8/108.0/107.1/10
Edelweiss7.5/107.4/108.4/108.3/107.2/10
Zerodha7.4/107.1/108.5/108.1/107.0/10
5Paisa7.1/107.1/108.4/108.1/107.1/10
Karvy7.4/107.3/108.2/108.1/107.1/10
Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

 


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