Atal Realtech Rights Issue is scheduled on 2 – 10 September 2024
Atal Realtech specializes in both contracting and sub-contracting across a wide range of government and private sector projects, including the construction of commercial and industrial buildings. The company primarily focuses on civil and structural construction work, often operating as a subcontractor under the direction of main contractors who have secured the project from a principal employer.
As of May 2024, the company employs 28 individuals. The company focus area includes:
- Civil construction projects, which include structures such as sports complex projects (Indoor and Outdoor Sports Stadiums), multi-purpose halls, commercial structures, industrial structures, Hospitals, Cold Storages, Educational Institutions, mass housing projects
- Water Supply and Drainage Projects
- Road and Bridges Projects
- Major and Minor Irrigation Projects
Promoters of Atal Realtech – Vijaygopal Parasram Atal
Atal Realtech Rights Issue Details
| Atal Realtech Rights Issue Date | 2 – 10 September 2024 |
| Atal Realtech Rights Issue Price | INR 7 per share |
| Issue Size (in Shares) | 3,70,05,000 shares |
| Issue Size (in INR) | INR 25.90 crore |
| Issue Entitlement | 1 equity shares for every 2 equity shares held on record date |
| Terms of Payment | Fully payable at the time of application |
| Atal Realtech Rights Issue Record Date | 22 August 2024 |
| Face Value | INR 2 per share |
| Listing On | BSE, NSE |
Atal Realtech Rights Issue Calculation
| Atal Realtech Rights Issue Price | INR 7 per share |
| Market Price on Rights Issue Approval | INR 7.7 per share |
| Dilution Factor (X) | 1.5 |
| Fair Value After Dilution at Prevailing Price | INR 7.47 per share |
Atal Realtech Financial Performance
| Â | FY 2022 | FY 2023 | FY 2024 |
| Revenue | 40.43 | 40.63 | 40.83 |
| Expenses | 35.28 | 35.69 | 35.66 |
| Operating Margin (%) | 12.74 | 12.16 | 12.66 |
| Net Income | 2.15 | 2.17 | 2.14 |
| ROCE (%) | 11.69 | 10.54 | 10.35 |
Atal Realtech Rights Offer Objectives
The net proceeds from the offer are proposed to be used for
- Towards working capital requirements – INR 21.41 crore
- General Corporate Purposes
Atal Realtech Rights Offer Documents
Atal Realtech Rights Issue Dates
| Rights Issue Approval Date | 14 August 2024 |
| Rights Issue Record Date | 22 August 2024 |
| Credit of Rights Entitlement | Coming soon |
| Rights Issue Opening Date | 2 September 2024 |
| Last Date for Market Renunciation | 4 September 2024 |
| Rights Issue Closing Date | 10 September 2024 |
| Finalization of Basis of Allotment | Coming soon |
| Rights Allotment Date | Coming soon |
| Credit Date | Coming soon |
| Listing Date | Coming soon |
Atal Realtech Rights Offer Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone:Â +91 810 811 4949
Email: [email protected]
Website:Â www.linkintime.co.in
ATAL REALTECH LIMITED
Unit No. 301 and 302, ABH Developers Town Square,
S No. 744, Nashik, Maharashtra, India, 422002
Phone: +91 253 – 2993859
Email: [email protected], [email protected]
Website: www.atalrealtech.com
Atal Realtech Rights Offer FAQs
What is Atal Realtech Rights Issue Price?
The issue price is INR 7 per share.
What is Atal Realtech Rights Issue entitlement ratio?
The eligible shareholders are offered 1 Equity Shares for every 2 Equity Shares held on the record date.
What is Atal Realtech Rights Issue Record Date?
The Record date is 22 August 2024.
How to Apply in Atal Realtech Rights Offer?
The best way to apply in the Atal Realtech Rights Offer is through Internet banking ASBA. You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an application Form form and deposit the same to your broker.
