Day 2 of the Atmastco IPO: Issue subscribed twice so far, retail share booked 3.5 times; Check GMP and other important details of SME IPO

Atmastco IPO: The initial public offering (IPO) of Atmastco Ltd, an EPC contractor, opened for subscription on February 15.

Atmastco Ltd is a provider of multi-disciplinary services and project management solutions in the ferrous and non-ferrous sectors.

Atmastco's IPO is an SME IPO and received strong response from investors as the issue was fully subscribed on the second day.

Let's check Atmastco IPO GMP, subscription status and other important details:

Atmastco IPO Subscription Status

Atmastco's IPO has been subscribed 1.99 times so far on Friday, the second day of the bidding process. According to data available till 1:30 pm, the issue received bids for 1.38 crore shares as against 69.39 lakh shares in the offer.

The public issue has so far been subscribed 3.51 times in the Retail category and 0.47 times in the Non-Institutional Investors (NII) category. The Qualified Institutional Buyers (QIB) have yet to submit their bids.

Also Read: Vibhor Steel Tubes IPO quota to be released soon; GMP rises, steps to review Vibhor Steel's IPO allotment status

Atmastco IPO GMP today

Today's Atmastco IPO GMP or today's gray market premium has fallen to ₹15 per share, according to stock market observers. This means Atmastco shares are trading at a premium of 19.48% ₹92 per piece in the gray market compared to the IPO price of ₹77 per share.

Atmastco IPO details

Bidding for Atmastco's IPO began on February 15 and will close on February 20. The IPO allotment will be scheduled on February 21st.

Atmastco's IPO is an SME IPO and is worth a fixed price issue ₹56.25 crore comprising a combination of fresh issue of shares worth ₹54.8 lakh added together ₹42.20 Crore and an Offer for Sale (OFS) of a total of 18.26 lakh shares ₹14.06 crore.

Also read: Polysil Irrigation Systems share price makes a subdued debut, shares trading at a premium of 3.7% ₹56 each at NSE SME

The price range for Atmastco's IPO is at ₹77 per share. The lot size of the IPO is 1,600 shares and the minimum investment amount required from private investors is ₹123,200.

Atmastco Ltd shares are listed on NSE SME. The provisional listing date is February 23rd.

Affinity Global Capital Market Private Limited is the book-running lead manager of the Atmastco IPO while Cameo Corporate Services Limited is the IPO registrar.

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