Atam Valves is ready to make a D-street debut with an IPO size of Rs 4.5 crores. The offer will open on September 18. Atam Valves SME IPO will launch in the BSE exchange.
Atam Valves, an industrial valve manufacturer, will be the second SME to list in the BSE SME section. Secmark Consultancy Pvt Ltd., another SME, will also make a debut on the same day.
Indian IPO market is seeing a revival after a four-month-long pause. When COVID-19 pandemic broke out in India, in March, SBI Cards and Payment was the last company to launch its IPO. After four-months, Rossari Biotech was the first company to float IPO offer during the lockdown period. Post that, the market segment has seen a significant revival in terms of the number of companies launching their IPO offers. Five companies from different industries have made a market debut so far amid the lockdown.
The company was incorporated in 1982, engaged in manufacturing a wide range of industrial valves. It has a strong client base, build over the years, in India and overseas, which is one of the strong points of the company. Apart from that, Atam is self-reliant in producing a wide range of products with dedicated manufacturing units.
Are SME IPOs Good For Investment?
In India, SMEs are an important market segment. The SME sector also receives support from the government to generate employment for the mass. Many investors get interested in investing in SME shares because of their high growth potential. In India, the number of SME IPOs is growing steadily to become a significant part of the financial market.
The process of listing of SME IPO is slightly different from big corporates, because in terms of asset, revenue generation, or the number of employees they can’t meet the cut-off set by the SEBI to list in the exchange. So, to encourage more SMEs to list in the bourses and to help them meet their capital requirements, SEBI allows some leniency to small industries in the listing process. You can read more about SME IPO in ‘What Is SME-IPO?’
Atam Valves Ltd. IPO Details
- Atam Valves SME IPO will contain 1,125,000 fresh equity scrips in the price band of Rs 40
- Important Atam Valves Ltd. IPO date to note – starts on September 18 and closes on September 25
- Investors can subscribe for a minimum lot of one, containing 3000 shares
- The minimum investment required for bidding is RS 12,000
- They will list in SME section of Bombay Stock Exchange
- The company said that it would use the funds towards repayment and prepayment of debts and general corporate purposes
You can now bid for IPO using UPI payment. If you are an Angel Broking customer, you can directly apply for IPOs from your user section, using UPI.