ATC Energies System Ltd. was incorporated on September 2, 2020. The company manufactures and supplies lithium-ion batteries, offering cost-effective energy storage solutions for industries like banking and automobiles. With factories in Vasai, Thane, and Noida, it operates advanced in-house development, assembly, and quality testing facilities across 3,160 sq. mt.
| Bidding Dates |
|---|
| 25 Mar 2025 - 27 Mar 2025 |
| Subscription |
|---|
| 1.58x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,34,400 | 1 | 1 | 1200 | 5.4 M | ₹112 - ₹118 | 72.06 % | ₹605.2 M - ₹637.6 M | RHP DOC |
ATC Energies System IPO SUBSCRIPTION STATUS
27 Mar '25ATC Energies System IPO overall subscription rate was 1.58 times the total available shares
ATC Energies System IPO retail subscription rate was 2.85 times in the retail segment
ATC Energies System IPO non-institutional investor subscription rate was 2.58 times in the non-institutional investor category
ATC Energies System IPO Qualified Institutional Bidder subscription rate was 0.38 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
27 Mar 2025 (Day 4) | 2.85x | 2.58x | 0.38x |
26 Mar 2025 (Day 3) | 1.79x | 1.62x | 0.21x |
25 Mar 2025 (Day 2) | 0.88x | 0.56x | 0.21x |
25 Mar 2025 (Day 1) | 0.36x | 0.05x | - |
ATC Energies System FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| H1FY25 | 57.7 | 224.9 | -11.1 | -97.9 | 36.4% |
| FY24 | 108.9 | 512.0 | 26.4 | 21.4 | 29.6% |
| FY23 | 77.6 | 331.4 | 26.4 | 15.1 | 34.7% |
| FY22 | 118.6 | 364.8 | 13.3 | -50.5 | 41.9% |
ATC Energies System IPO SUBSCRIPTION STATUS DETAILS
ATC Energies System had 5.4 M shares on offer
ATC Energies System IPO offer price was in the range ₹112 - ₹118
ATC Energies System IPO minimum Investment was ₹134400
ATC Energies System IPO issue size was ₹ 605.2 M - ₹ 637.6 M
ATC Energies System had a minimum lot size of 1200 Shares per application
ATC Energies System NUMBER OF SHARES ON OFFER
ATC Energies System IPO IMPORTANT DATES
| Issue Open Date | 25 Mar 2025 |
| Issue close Date | 27 Mar 2025 |
| Allotment Date | 28 Mar 2025 |
| Refund Date | 01 Apr 2025 |
| Demat Account Credit Date | 01 Apr 2025 |
| Listing Date | 02 Apr 2025 |
| Listing on Exchange(s) | NSE |
| ATC Energies System Allotment Status | Exchange/ Registrar |
ATC Energies System IPO subscription opened on 25 Mar 2025, and closed on 27 Mar 2025
IPO allotment for ATC Energies System was finalized on Friday, 28 Mar 2025
IPO listing for ATC Energies System was on NSE on Wednesday, 02 Apr 2025
ATC Energies System IPO LISTING GAINS
| Issue Price (adjusted) | 118.0 |
| Listing Open Price | 107.0 |
| Listing Close Price | 101.7 |
| Listing Gain% | -9.3% |
| Current Gain% | -78.0% |
ATC Energies System Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ATC Energies System Ltd. | 25.9 | 52.8 | -35.8 | 0.3 | 1.7 | -1.7 | -1.3 | 31.2 | -39.6 | -1.5 | -113 | -0.7 | -113 |
| Havells India Ltd. | 1288 | 80750.1 | 49.4 | 3.2 | 3.4 | 17.9 | 11.5 | 23022.2 | 4.3 | 1690.6 | 14.8 | 26.1 | 15.7 |
| Waaree Energies Ltd. | 2717 | 78154.9 | 20.5 | 0.3 | 2.6 | 25.7 | 12.3 | 27244.9 | 83.5 | 3711.3 | 98.7 | 132.7 | 72 |
| Apar Industries Ltd. | 16631 | 66829.5 | 56.6 | 1.7 | 2.7 | 18.1 | 7.1 | 22966.9 | 22.9 | 976.9 | 18.9 | 294 | 34 |
| Premier Energies Ltd. | 1047.2 | 47537.8 | 28.6 | 0.5 | 5.6 | 35 | 13.9 | 8025.9 | 20.7 | 1509.8 | 61.1 | 36.7 | 59.1 |
| Honeywell Automation India Ltd. | 37900 | 33509.3 | 60.8 | 7.9 | 7.1 | 11.8 | 8.4 | 4860.9 | 11.2 | 525 | 0.3 | 623.3 | 7.7 |
ATC Energies System INFORMATION ON IPO ISSUE
About ATC Energies System
ATC Energies System Ltd. was incorporated on September 2, 2020. The company manufactures and supplies lithium-ion batteries, offering cost-effective energy storage solutions for industries like banking and automobiles. With factories in Vasai, Thane, and Noida, it operates advanced in-house development, assembly, and quality testing facilities across 3,160 sq. mt.
Object of the Issue
- Repayment and/or pre-payment, in full, of the borrowing availed by the company with respect to the purchase of its Noida factory, including land and building
- Funding the capital expenditure requirements towards refurbishment, civil, and upgradation works at their Noida factory
- Funding the capital expenditure requirement towards IT upgradation at its Noida factory, Vasai factory and registered office
- Funding working capital requirements of the company
- General corporate purposes
ATC Energies System - PROMOTERS
| Name |
|---|
| Sandeep Gangabishan Bajoria |
ATC Energies System Lead Manager to the Issue
Indorient Financial Services Limited
compliance-ifsl@indorient.in
ATC Energies System Registrar to the issue
KFIN Technologies Limited
aesl.ipo@kfintech.com
ATC Energies System Strengths
Diversified product portfolio
The company's diversified product portfolio initially focused on mini batteries for the banking sector, now includes various battery sizes for multiple industries. Its ability to customize products enhances market resilience and positions it as a reliable, adaptable supplier
Quality & performance
A strong focus on quality ensures reliable and high-performance products for critical applications like EVs, medical devices, and energy storage. Strict quality control minimizes failures, reduces recalls, and builds consumer trust
ATC Energies System Risks
Supply chain disruptions
The lithium battery industry depends on key raw materials like lithium, nickel, cobalt, graphite, and manganese. Supply chain disruptions can cause shortages, increase costs, and impact profitability
Dependent on Chinese imports
Heavy reliance on raw material imports from China poses risks, including supply disruptions, quality issues, and increased competition due to political or trade disputes, potentially impacting operations and financial stability
Working capital intensive
High working capital requirements pose a risk, and any inability to secure sufficient funds may negatively impact operations and business continuity
IPO FAQs
This IPO consists of an offer for sale of up to Rs 12.7 crore, of 1,080,000 shares. It also consists of a fresh issue of Rs 51.0 crore.
The promoter of the company is Sandeep Gangabishan Bajoria.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 112.0 - 118.0.
The IPO application opens on Mar 25, 2025 and closes on Mar 27, 2025.
The minimum lot size for the IPO is 1200. The maximum lot size for the IPO is 1200.
For all category investors, the minimum application amount for this IPO is Rs. 134,400.0, the maximum value for this IPO is Rs 141,600.0.
This IPO will be allotted on Mar 28, 2025.
The refund will be credited to your account on Apr 01, 2025.
The allotted shares will be credited to your demat on Apr 01, 2025.
ATC Energies System Ltd.’s shares listed on the stock exchanges on Apr 02, 2025.