Atal Realtech IPO: GMP, Price, Size & Dates

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Atal Realtech Ltd, established in 2012, is primarily engaged in construction contracting and sub-contracting for various government and private projects. The company is registered with the Government of Maharashtra Public Works Department and provides integrated civil works contracting and engineering services for structural construction and infrastructure sector projects. The majority of their projects are implemented as a subcontractor for Setubandhan Infrastructure Limited, formerly known as Prakash Constrowell Ltd. To date, Atal Realtech Ltd has successfully completed more than 20 projects under various contracting and sub-contracting agreements. 

In addition to construction, Atal Realtech Ltd also engages in trading activities, where they supply construction materials to their clients as per their specific requirements. The company’s main area of work is in the construction sector, providing services such as project planning, design and development, and construction management for various government and private projects. The company’s focus on integrated civil works contracting and engineering services enables them to deliver quality construction solutions to their clients, while their trading activities allow them to provide additional value-added services to their customers. 

Atal Realtech IPO Details 

IPO Date Sep 30, 2020 to Oct 7, 2020 
Listing Date Oct 15, 2020 
Face Value ₹10 per share 
Price ₹72 per share 
Lot Size 1600 Shares 
Total Issue Size 1,504,000 shares 
(aggregating up to ₹10.83 Cr) 
Fresh Issue 304,000 shares 
(aggregating up to ₹2.19 Cr) 
Offer for Sale 1,200,000 shares of ₹10 
(aggregating up to ₹8.64 Cr) 
Issue Type Fixed Price Issue IPO 
Listing At NSE SME 
Agarwal Float Glass IPO: GMP, Price, Size & Dates
Atal Realtech

Atal Realtech IPO Tentative Timetable 

Atal Realtech IPO opens on Sep 30, 2020, and closes on Oct 7, 2020

Event Tentative Date 
Opening Date Sep 30, 2020 
Closing Date Oct 7, 2020 
Basis of Allotment Oct 12, 2020 
Initiation of Refunds Oct 13, 2020 
Credit of Shares to Demat Oct 14, 2020 
Listing Date Oct 15, 2020 
UPI Mandate Confirmation Cut-Off Time 5.00 PM on the issue closing day 

Industry Overview 

The construction industry in India is expected to grow at a CAGR of 7.1% during the forecast period of 2021-2026, driven by government initiatives to develop smart cities, increasing foreign investments, and growth in the real estate sector. The industry is expected to be supported by infrastructure projects, such as highways, airports, and metros, as well as affordable housing initiatives. 

Industry is also expected to benefit from the increasing adoption of technology and digitalization, leading to increased efficiency and productivity. The use of technologies such as Building Information Modelling (BIM), prefabrication, and 3D printing is expected to improve construction processes and reduce costs. 

Company Financials 

Summary of financial Information (Restated Consolidated) 

Particulars For the year/period ended (Rs in Lacs) 
 31-Mar-20 31-Mar-19 31-Mar-18 
Total Assets 5,730.34 5,002.59 2,816.60 
Total Revenue 5,869.23 5,826.18 5,157.11 
Profit After Tax 262.32 212.37 231.85 

Objects of the Issue 

The Objects of the Net Proceeds from Fresh Issue is to raise funds for: 

1. Funding Working Capital Requirement; 
2. General Corporate Purpose. 

Atal Realtech IPO Prospectus

Company Contact Information

Atal Realtech Ltd
Shop No. 1, Sumangal Builder House,
Holaram Colony,
Sadhu Vaswani Road, Nashik – 422 002
Phone: +91-253-231 2627

Atal Realtech IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Atal Realtech IPO Lead Managers)

  1. Aryaman Financial Services limited (Past IPO Performance)
  2. Galactico Cprporate Service Ltd (Past IPO Performance)


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