** Shares of Australia's Atomo Diagnostics AT1.AX fall as much as 10% to A$0.018, their lowest level since April 15
** Stock also posts its biggest intraday drop since April 15
** Medical devices maker says its undertaking capital raising to raise up to A$3.1 million ($1.97 million) at an issue price of A$0.0185 per share
** Issue price represents a discount of 7.5% to stock's last closing
** Funds from capital raising to be used to meet general working capital requirements
** Stock has risen 5.3% this year, as of 0118 GMT
($1 = 1.5721 Australian dollars)
(Reporting by Roshan Thomas in Bengaluru)
((Roshan.Thomas@thomsonreuters.com))
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