Atam Valves IPO - Grey Market, GMP & Reviews

IPO Details

Issue Date 18/09 - 25/09
Issue Size ₹4.5 Cr
Issue Price ₹40
Market Lot 3000 Shares
Shares on Offer 1,125,000
Registrar
GMP N/A
Kostak N/A
Subject to Sauda N/A
Listing Date N/A
Listing Price N/A
Listing Gain% N/A

About Atam Valves Ltd

Incorporated in 1982, ATAM Valves limited is engaged in the business of various types of valves. The company's product range includes boiler mountings and various types of valves and fittings, steam traps and strainers.

Company manufacture bronze, cast iron, cast steel, carbon steel, stainless-steel, forged steel as well as gun metal industrial valves in various sizes. Also, they can alter the size as per customer requirement.

The company sell its product under two brand names, viz., ATAM and FEBI. Under the brand ATAM, they deal in Valves and fittings, steam traps and strainers. Under brand FEBI, they deal in Ball-Valves.

They have a presence in India as well as they export their product in United States, Kuwait, Kenya, South Africa, Malaysia, Dubai, Indonesia, Australia, Oman, Philippines, Ethiopia, Nepal and United Kingdom.

Company Promoters

Mr. Vimal Parkash Jain and Mr. Amit Jain are the promoters of the company.

Recommendation

AVL has posted inconsistency in its top and bottom lines for the last three fiscals. The issue is priced aggressively compared to a listed peer. There is no harm in giving this costly offer a "MISS".

Company Financials

Particulars 31-Mar-20 31-Mar-19 31-Mar-18
Total Assets (In ₹ Millions) 1617.39 1,726.20 1,855.90
Total Revenue (In ₹ Millions) 1632.54 1,841.34 1,732.23
Profit After Tax (PAT) (In ₹ Millions) 49.43 65.21 51.02

Atam Valves Ltd IPO Reviews

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Subscription Details

Date & Time QIB NII RII Total
Day 1 - 18 Sep 2020 1.66 0.15 0.90
Day 2 - 21 Sep 2020 2.09 1.10 1.59
Day 3 - 22 Sep 2020 2.17 1.55 1.86
Day 4 - 23 Sep 2020 2.17 1.95 2.06
Day 5 - 24 Sep 2020 2.41 2.75 2.58
Day 6 - 25 Sep 2020 2.48 3.35 2.91

Allotment Status

Please click the link below to check the IPO allotment status.

IPO Allotment Status

Atam Valves Ltd IPO FAQs

  1. When will Atam Valves Ltd IPO open?

    Atam Valves Ltd IPO will open on 18/09 and close on 25/09.

  2. What is the listing date of Atam Valves Ltd IPO?

    Atam Valves Ltd IPO will list on .

  3. What is the offer price of Atam Valves Ltd IPO?

    The offer price of Atam Valves Ltd IPO is ₹40.

  4. What is the lot size of Atam Valves Ltd IPO?

    The lot size of Atam Valves Ltd IPO is 3000.

  5. What is the Grey Market Premium (GMP) price of Atam Valves Ltd IPO?

    The Grey Market Premium (GMP) price of Atam Valves Ltd IPO is Not Available at the moment.

  6. What is the Kostak price of Atam Valves Ltd IPO?

    The Kostak price of Atam Valves Ltd IPO is Not Available at the moment.

  7. What is the Subject to Sauda price for Atam Valves Ltd IPO?

    The Subject to Sauda price for Atam Valves Ltd IPO is Not Available at the moment.

Atam Valves Ltd IPO Review/Comments

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