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Atmastco’s Market Debut Triumph: Shares Jump 18% on First Day!

Atmastco's stock debuted at ₹91 on NSE SME, an 18.18% rise from the ₹77 issue price, marking a strong start for the company on its first trading day.
Atmastco's Market Debut Triumph Shares Jump 18% on First Day!

Atmastco’s shares made a solid entrance into the stock market, debuting on the NSE SME platform at ₹91 per share, marking an 18.18% increase over the issue price of ₹77. This respectable performance on Friday reflects a positive start for Atmastco on the NSE Emerge, with the initial trading price exceeding the issue price by more than 18%.

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Atmastco Ltd, a versatile engineering enterprise, specializes in EPC services across metal, oil & gas, and pollution control sectors, with a subsidiary, Atmastco Defense Systems, producing protective gear for military and paramilitary forces. The company trades in various industrial materials and is known for effective cost control and project management. 

It serves a diverse range of industries, including manufacturing and railway infrastructure, focusing on maintaining robust supplier relationships and efficient inventory management. The IPO aims to support working capital needs, repay loans, and fund general corporate purposes, including growth and operational expenses, with plans to allocate INR 10.41 crores for debt reduction and business reinvestment.

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स्टॉक चर्चा में आया: SBI, AXIS और ICICI म्यूचुअल फंड के कंपनी में ब्लॉक डील के जरिए हिस्सेदारी खरीदने से।

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