Atlanta IPO
Atlanta IPO — date, price band, lot size & details 2006
Atlanta listed on 25 Sep 2006 at ₹175.55, 17% above the ₹150 issue price.
Atlanta is a construction, infrastructure, mining and real estate company that builds roads and runways, including on a BOT basis. Its total income was Rs 109.45 crore in FY2006.
Stock price
Atlanta is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 12 November.
- Open 01 Sep 2006
- Close 07 Sep 2006
- Allotment TBA
- Refund/credit TBA
- Listing 25 Sep 2006
Issue summary
The terms of the offer, as filed.
| IPO Dates | 1 to 7 Sep, 2006 |
|---|---|
| Price Band | ₹130 – ₹150 |
| Face Value | ₹10 |
| Lot Size | 45 Shares |
| Issue Size | ₹64.5 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 6,750 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 45 shares at the ₹150 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 45 | ₹6,750 |
| Retail (max) | 29 | 1,305 | ₹1,95,750 |
| S-HNI (min) | 30 | 1,350 | ₹2,02,500 |
| S-HNI (max) | 148 | 6,660 | ₹9,99,000 |
| B-HNI (min) | 149 | 6,705 | ₹10,05,750 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 62.07 crore in FY2004 to Rs 109.45 crore in FY2006.
- 02Profit after tax rose from Rs 3.31 crore in FY2004 to Rs 15.57 crore in FY2006.
- 03Net worth rose from Rs 35.39 crore in FY2005 to Rs 65.78 crore in FY2006.
- 04It had worked in road construction since 1977.
Risks · 5
- 01Rs 42.92 crore of the issue went into a BOT project, which pays back over many years.
- 02It moved into mining and real estate, newer areas than road building; Rs 5.00 crore was for real estate projects.
- 03Total assets of Rs 281.84 crore were large next to its net worth of Rs 65.78 crore.
- 04Construction income depends on winning government contracts in its 3 states.
- 05Promoter group holding fell from 95.83% before the issue to 70.55% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Atlanta offer document.
| Metric | 31 Mar 2006 | 31 Mar 2005 | 31 Mar 2004 |
|---|---|---|---|
| Assets | 281.84 | 220.29 | 150.84 |
| Total Income | 109.45 | 81.28 | 62.07 |
| Profit After Tax | 15.57 | 5.00 | 3.31 |
| NET Worth | 65.78 | 35.39 | - |
| Reserves and Surplus | 61.82 | 35.89 | - |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Atlanta RHP.
Where the money goes
₹86.60 Cr of the issue is earmarked to named objects.
About the company
It works in construction, realty, infrastructure and mining, including highways on an EPC or BOT basis and runways.
At the time of the IPO its projects were spread over 3 states in India, and it was a profit earning and dividend paying company.
The IPO was Rs 64.50 crore and was entirely a fresh issue at Rs 150, the top of the Rs 130 to Rs 150 band. The money was for a BOT project, mining and construction equipment, real estate projects, repaying debt and working capital.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Atlanta IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Karvy Investor Services Ltd
31 issues handledBest listing: Ramkrishna Forgings (+92.3%). Weakest: Astral Poly Technik (-10.4%).
Standard Chartered Securities (India) Ltd
24 issues handledBest listing: Vivimed Labs (+87.1%). Weakest: Abhishek Mills (-14.9%).
Srei Capital Markets Ltd
11 issues handledBest listing: Suryachakra Power Corp (+50.0%). Weakest: Vikash Metal & Power (-40.0%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Atlanta?
The current Grey Market Premium is ₹0.
What is the Atlanta IPO price band?
₹130 to ₹150, on a face value of ₹10.
When is the allotment?
The basis of allotment is TBA, with listing on 25 September 2006.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
