The IPO comprises up to 54,03,600 equity shares of face value Rs 10 each, which includes a fresh issue of 43,23,600 equity shares and an offer for sale of 10,80,000 equity shares.
Here are the key details:
ATC Energies System IPO price band
The offering will be available in a price band of Rs 112 to Rs 118 per share, with a minimum lot size of 1,200 equity shares.
GMP of ATC Energies ahead of IPO
Ahead of the issue opening, the shares are trading at a grey market premium (GMP) of Rs 0 in the unlisted market.
Use of proceeds
The net proceeds from the IPO will be used for multiple purposes. A portion will go towards the repayment and pre-payment, in full, of borrowings availed for the purchase of the Noida factory, including land and building.Funds will also be allocated to capital expenditure requirements for refurbishment, civil work, and upgrades at the Noida factory. Additionally, the company will use part of the proceeds for IT infrastructure upgrades at both the Noida and Vasai factories, as well as at the registered office.
A portion of the proceeds will also be used to meet the company’s working capital requirements. The remaining funds will be utilized for general corporate purposes.
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Equity share allocation
The Qualified Institutional Buyers (QIB) anchor portion has been allocated up to 9,22,800 equity shares. Up to 6,16,800 equity shares have been reserved for Qualified Institutional Buyers (QIBs).
A minimum of 17,96,400 equity shares has been allocated to Non-Institutional Investors (NIIs) while a minimum of 17,96,400 equity shares has been reserved for Retail Individual Investors (RIIs).
Additionally, up to 2,71,200 equity shares have been allocated to the Market Maker.
Book running lead manager and registrar
The Book Running Lead Manager (BRLM) to the issue is Indorient Financial Services while the registrar to the issue is KFIN Technologies.
Key dates for ATC Energies IPO
The Anchor Book for the ATC Energies System IPO will open on March 24, 2025. The IPO will open for public subscription on March 25 and will close on March 27. The share allotment may take place on March 28 and the tentative listing of shares can take place on April 2.
About ATC Energies
ATC Energies System is one of the leading manufacturers and assemblers of advanced lithium-ion battery solutions, driving the transition towards sustainable energy storage. Established in 2020, the company has rapidly evolved into a trusted provider of high-performance, customizable energy solutions, serving a diverse range of industries.
With a strong foundation in innovation, quality, and customer-centricity, ATC Energies initially catered to the banking sector but has since expanded its reach to electric vehicles (EVs), renewable energy, industrial automation, and telecom. Today, it proudly serves over 250 corporate and retail customers, reinforcing its reputation for reliability and technological excellence.
ATC Energies financial performance
In FY24, the company achieved a revenue of Rs 5,120.37 lakh, EBITDA of Rs 1,516.35 lakh, and a PAT of Rs 1,089.16 lakh. As of September 2024, the company achieved a revenue of Rs 2,249.41 lakh, EBITDA of Rs 817.82 lakh and a PAT of Rs 577.15 lakh.
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