ATAM Valves Limited is a manufacturer of various types of valves including industrial valves made of bronze, cast iron, cast steel, carbon steel, stainless steel, forged steel, and gun metal. Their product range includes boiler mountings, steam traps, strainers, and fittings that can be customized as per customer requirements.
The company markets its products under two brand names – ATAM and FEBI. The ATAM brand offers valves, fittings, steam traps, and strainers, while the FEBI brand offers ball valves. They have a strong presence in India and export their products to various countries such as the United States, Kuwait, Kenya, South Africa, Malaysia, Dubai, Indonesia, Australia, Oman, Philippines, Ethiopia, Nepal, and the United Kingdom.
Atam Valves SME IPO Details
| IPO Date | Sep 18, 2020 to Sep 25, 2020 |
| Listing Date | Oct 6, 2020 |
| Face Value | ₹10 per share |
| Price | ₹40 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 1,125,000 shares (aggregating up to ₹4.50 Cr) |
| Fresh Issue | 1,125,000 shares (aggregating up to ₹4.50 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
Atam Valves SME IPO Tentative Timetable
Atam Valves SME IPO opens on Sep 18, 2020, and closes on Sep 25, 2020.
| Event | Tentative Date |
| Opening Date | Sep 18, 2020 |
| Closing Date | Sep 25, 2020 |
| Basis of Allotment | Sep 30, 2020 |
| Initiation of Refunds | Oct 1, 2020 |
| Credit of Shares to Demat | Oct 5, 2020 |
| Listing Date | Oct 6, 2020 |
| UPI Mandate Confirmation Cut-Off Time | 5.00 PM on the issue closing day |
Industry Overview
According to a market research report by Mordor Intelligence, the global industrial valves market was valued at USD 72.6 billion in 2020 and is projected to reach USD 99.7 billion by 2026, growing at a CAGR of 5.3% during the forecast period (2021-2026). The market growth is attributed to the increasing demand for industrial valves in various industries, including oil and gas, power generation, water and wastewater treatment, and chemicals.
However, the industry is highly competitive, with several players operating in the market. To remain competitive, companies need to focus on product innovation, technology adoption, and expanding their product portfolio.
Company Financials
Summary of financial Information (Restated Consolidated)
| Particulars | For the year/period ended (Rs in lakhs) | ||
| 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | |
| Total Assets | 1617.39 | 1,726.20 | 1,855.90 |
| Total Revenue | 1632.54 | 1,841.34 | 1,732.23 |
| Profit After Tax | 49.43 | 65.21 | 51.02 |
Objects of the Issue
Company purposes utilizing the net IPO proceed towards following objectives;
1. Repayment/ Prepayment of certain secured borrowings availed by the Company; and
2. General corporate purposes
Atam Valves SME IPO Prospectus
Company Contact Information
Atam Valves Ltd
1051, Industrial Area,
Jalandhar,
Phone: 0181 5001111
Email: cs@atamfebi.com
Website: http://www.valvesexporters.com
Atam Valves SME IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
Atam Valves SME IPO Lead Manager(s)
- Fedex Securities Limited (Past IPO Performance)
