Atam Valves IPO Review, Dates, Allotment, Size, Live Bid Details, GMP & RHP

Last Updated Date: Aug 31, 2023

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

Face Value	Rs 10
Price Band	Rs 40
Listing At	BSE SME
Min. Order Quantity	3000 Shares
Listing Date	Oct 6, 2020
Fresh Issue	Rs 450 LAKHS
IPO Size	Rs 450 LAKHS
Tick Size	1

Atam Valves IPO is listed at Rs.30 premium, check out the live share price by clicking on the below link.

Atam Valves Share Price – Live Performance

Summary of Atam Valves IPO

Their Company is a manufacturer of reliable and quality valves. Both their manufacturing facilities in Jalandhar suit most of the manufacturing related requirements. Most of their valves are tailored to meet their customers’ specific requirements.

They work in close tandem with their clients to match their valves to their most complex applications. Their valves have proved suitable, right from providing the most secure Safety Valves for the utmost critical requirements to customized valves as per customer needs.

The Promoters of this company are VIMAL PARKASH JAIN AND AMIT JAIN. The lead manager to the issue is FEDEX SECURITIES PRIVATE LIMITED. The Registrar to this issue is BIGSHARE SERVICES PRIVATE LIMITED.

Atam Valves IPO Dates / Launch Date

The opening and the closing date of Atam Valves IPO is Sep 18, 2020 and Sep 25, 2020.

Atam Valves IPO Subscription

Day / Date	NII	RII	Total Subscription
1st Day – Sep 18	1.66x	0.15x	0.90x
4th Day – Sep 21	2.09x	1.10x	1.59x
5th Day – Sep 22	2.17x	1.55x	1.86x
6th Day – Sep 23	2.17x	1.95x	2.06x
7th Day – Sep 24	2.41x	2.75x	2.58x
8th Day – Sep 25	2.48x	3.35x	2.91x
Shares Offered or Net Issue	5,62,500	5,62,500	11,25,000

The shares subscribed by the public will be updated here.

Atam Valves 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.

Atam Valves IPO Listing Date

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

Basis of Allotment Finalization	Sep 30, 2020
Refunds Initiation	Oct 1, 2020
Credit of Shares to Demat Account	Oct 5, 2020
Share Listing Date	Oct 6, 2020

Atam Valves IPO Price Band / Cash Price

The face value of each share is Rs.10, and the cash price of the IPO is Rs.40.

Atam Valves IPO Size

This Initial Public Issue of [●] Equity Shares of Rs.10 each for cash at a price of Rs.40 per equity share aggregating to Rs.450 LAKHS

Atam Valves IPO Share Offering

Public Issue: Initial Public Issue of 11,25,000 Equity Shares by their Company of Rs.10 each at a price of Rs.40 per equity share aggregating to Rs.450 LAKHS,

Net Offer: The Net Offer (excluding the Market Maker Reservation Portion) of up to 10,68,000 Equity Shares of Rs.10 each at price of Rs.40 per Equity Shares aggregating to Rs.427.20 Lakhs

Atam Valves IPO – Live Performance

The listing date of this IPO is not yet announced. You can check the live performance of the IPO here, only after it is listed on exchanges.

Live IPO Performance – Atam Valves Share Price

Atam Valves IPO Grey Market Premium

The Atam Valves Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.

Atam Valves Limited – Company Overview

Their Company was originally incorporated as a Partnership Firm in 1982 which had Mr. Vimal Jain, as one of the Partners and commenced the business from mid-1982. Later, Vimal Jain founded and incorporated “Atam Valves Private Limited”, a private limited Company under the provisions of Companies Act, 1956. Subsequently, their Company was converted into a public limited Company pursuant to special resolution passed by the shareholders dated November 09, 2017 and the name of their Company was changed to “Atam Valves Limited”.

Their Company, an ISO 9001:2015 and ISO 14001:2015 certified, is engaged in the business of manufacturing bronze, cast iron, cast steel, carbon steel, stainless-steel, forged steel as well as gun metal industrial valves of various types and size ranging from 8 mm up to 350 mm. They manufacture boiler mountings and supply various types of valves and fittings, steam traps and strainers and have a significant customer base in the industry.

Atam Valves Manufacturing Units

Their manufacturing facility is equipped with standard as well as advanced machines suitable for carrying out the entire manufacturing operations slickly and proficiently. To consolidate their operations and to carry out the manufacturing operations smoothly and efficiently, Vimal Jain moved the entire operations to the state-of-the-art manufacturing unit in Jalandhar, which was acquired in the year 1993 for Unit E11 and 1999 for Unit 1050-1051 and registered office.

Atam Valves – Brand Recognition

Their products are supplied in India as well as all over the world under their two brands, viz., ATAM and FEBI. Under brand ATAM, they deal in Valves and fittings, steam traps and strainers. Under brand FEBI, they deal in Ball-Valves. They export and exported in more than 13 regions, viz., United States, Kuwait, Kenya, South Africa, Malaysia, Dubai, Indonesia, Australia, Oman, Philippines, Ethiopia, Nepal and United Kingdom.

Atam Valves – Certification

They have obtained ISO 14001:2015, Certification for Environment Management System (EMS) and ISO 9001:2015 for Quality Management System (QMS) issued by Equalitas Certifications Limited. EQUALITAS is accredited certification body for QMS and EMS from IAS (A Member of IAF), USA.

It is vital for them to retain direct contact with the contractors and end users and they have evolved a suitable system of sales and distribution for the same. This has enabled them to achieve sales growth with geographical/ contractual constraints. Their designing capability to innovate enables them to meet the changing customer needs.

Atam Valves Limited: Business strategies

Brand image
Invest in Infrastructure and Technology
Leveraging their Marketing skills and Relationship
Revenue Growth
Enhancing existing products base and product quality

Atam Valves Ltd – Financial Statements

On the basis of Standalone statement:

Amount (in INR & Lakhs)
	31-Mar-20	31-Mar-19	Mar-18
Total Assets	1617.39	1,726.20	1,855.90
Total Revenue	1632.54	1,841.34	1,732.23
Total Expense	1565.15	1,753.27	1,655.90
Profit After Tax	49.43	65.21	51.02

Earnings per Equity Share (in Lakhs)

Amount (in INR & Lakhs)
	31-Mar-20	Mar-19	31-Mar-18
Basic & Diluted	1.65	2.17	1.91

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

Their total revenue for the Financial Year 2019-20 is Rs.1632.54 Lakhs whereas for the Financial Year 2018-19 is Rs.1841.34 Lakhs showing a decrease of 11.34%.
The revenue from operation for the financial year 2019-20 is Rs.1629.42 Lakhs which is 99.81 % of total revenue whereas for Financial Year 2018-19 is Rs.1833.83 Lakhs showing decrease by 11.15%.
The other income for the period Financial Year 2019-20 is Rs.3.12 Lakhs which is 0.19% of total revenue whereas for Financial Year 2018-19 is Rs.7.51 Lakhs which is 0.41% of the total revenue showing a decrease of 58.44%.

Atam Valves IPO – Promoters

The Promoters of this company are:

VIMAL PARKASH JAIN
AMIT JAIN

List of Related Parties (Key Managerial Personnel)

Vimal Parkash Jain, Chairman and Wholetime Director
Amit Jain, Managing Director
Pamila Jain, Whole time Director and Chief Financial Officer
Natisha Choudhary, Company Secretary & Compliance Officer

Interest in promotion of the Company

Their Promoters are interested in their Company to the extent of the promotion of their Company and to the extent of their shareholdings and directorships in their Company and the shareholding of their relatives in their Company and the dividend declared and due, if any, and employment related benefits paid by their Company.

Interests of Promoter in property of their Company

None of their promotors have any interest in the property acquired by or proposed to be acquired by their Company during a period of three years prior to filing of the Draft Prospectus.

Atam Valves IPO Offer Details or Issue Details

Particulars	No. Of Equity Shares
Equity Shares Offered	Up to 11,25,000 Equity Shares, aggregating up to Rs.450.00 Lakhs
Of which:
Market Maker Reservation Portion	Upto 57,000 Equity Shares, aggregating Rs.22.80 Lakhs
Net Issue to the Public	Upto 10,68,000 Equity Shares, aggregating Rs.427.20 Lakhs
Of which:
(A) Retail Portion	Upto 5,34,000 Equity Shares aggregating Rs.213.60 Lakhs
(B) Non – Institutional Portion	Upto 5,34,000 Equity Shares aggregating Rs.213.60 Lakhs
Equity Shares outstanding prior to the Issue	30,00,000 Equity Shares
Equity Shares outstanding after the Issue	41,25,000 Equity Shares

Atam Valves IPO Issue Object

Their Company proposes to utilize the Net Proceeds from the issue towards the following objects:
1. Repayment/ Prepayment of certain secured borrowings availed by their Company; and
2. General corporate purposes

Atam Valves Limited: Competitive Strength

Integrated Manufacturing Facility
Experienced Management team
Constant focus on developing novel and innovative products
Technical expertise and vast industry experience
Customer-Base
Quality Assurance and Standards
Brand Value

Atam Valves 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 Management Team
Widespread geographical reach
Quality Assurance and Standard
Comprehensive range of product offering
Credit control and prudent risk management practices
Brand Image
Technical Expertise and vast industry experience

Atam Valves IPO – Quantitative Factors

	Basic & Diluted EPS	RONW in %	NAV (Rs.)
31-Mar-18	1.91	13.75	–
31-Mar-19	2.17	14.95	14.54
*31-Mar-20	1.65	10.18	16.19

Price to Earnings (P/E) ratio in relation to Price band of Rs.10 of Rs.40 per each

Particulars	P/E ratio
Highest	10.86
Average	10.86
Lowest	10.86

Atam Valves Limited: Competitive Peers

	Face Value (Rs.)	P/E	EPS (Rs.)	Return on Net Worth (%)	NAV per share (Rs.)
Atam Valves Limited	10	24.24	1.65	10.18	16.19
Listed Peers
Chemtech Industrial Valves Limited	10	10.86	0.85	10.86	7.79

Atam Valves IPO Lead Managers

Lead Managers

FEDEX SECURITIES PRIVATE LIMITED
B 7, 3rd Floor, Jay Chambers, Dayaldas Road, Vile Parle (East), Mumbai – 400 057, Maharashtra, India
Tel No.: +91 81049 85249
Fax No.: 022 2618 6966
E-mail: mb@fedsec.in
Website: www.fedsec.in
Contact Person: Rinkesh Saraiya
SEBI Registration Number: INM000010163
Investor Grievance E-Mail: mb@fedsec.in

Atam Valves 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, India. Tel No.: +91 22 62638200
Fax No.: +91 22 62638299
E-mail: ipo@bigshareonline.com
Website: www.bigshareonline.com
Contact Person: Babu Raphael
SEBI Registration No.: INR000001385
Investor Grievance E-mail: investor@bigshareonline.com

Other Details:

Statutory Auditor – M/s K. C. Khanna & Co.
Legal Counsel to the Company – Pooja Sharma
Bankers to the Company – [●]

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Atam Valves IPO Review by Top 10 Stock Brokers

Top Stock Brokers Review	Company Reputation	Competitive Edge	Financial Statement	Popularity Index	Promoters Reputation
Angel Broking	7.5/10	7.4/10	8.5/10	8.1/10	7.1/10
Sharekhan	7.2/10	7.1/10	8.6/10	8.1/10	7.2/10
Kotak Securities	7.3/10	7.5/10	8.4/10	8.1/10	7.3/10
ICICI Direct	7.3/10	7.3/10	8.7/10	8.1/10	7.1/10
IIFL	7.5/10	7.2/10	8.8/10	8.0/10	7.1/10
Edelweiss	7.5/10	7.4/10	8.4/10	8.3/10	7.2/10
Zerodha	7.4/10	7.1/10	8.5/10	8.1/10	7.0/10
5Paisa	7.1/10	7.1/10	8.4/10	8.1/10	7.1/10
Karvy	7.4/10	7.3/10	8.2/10	8.1/10	7.1/10
Motilal Oswal	7.1/10	7.1/10	8.6/10	8.3/10	7.2/10