ATC Energies IPO Details
| Detail | Description |
|---|---|
| IPO Date | March 25, 2025 to March 27, 2025 |
| Listing Date | April 2, 2025 |
| Face Value | ₹ 10 per share |
| Issue Price | ₹ 112 to ₹ 118 per share |
| Lot Size | 1,200 Shares |
| Total Issue Size | 54,03,600 shares(aggregating up to ₹ 63.76 Cr) |
| Fresh Issue | 43,23,600 shares(aggregating up to ₹ 51.02 Cr) |
| Offer for Sale | 10,80,000 shares of ₹10(aggregating up to ₹ 12.74 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 1,60,65,000 shares |
| Shareholding post issue | 2,03,88,600 shares |
| Market Maker portion | 2,71,200 shares Alacrity Securities Ltd. |
About ATC Energies IPO
Lithium-ion batteries are manufactured and supplied by ATC Energies System Ltd. (AESL). By creating fully vertically integrated energy storage solutions for a range of sectors and end users, including banks and vehicles, it offers affordable and effective lithium and li-ion batteries. Its factories, which produce a variety of standardized and customized lithium batteries, are situated in Vasai, Thane, and Noida, NCR. They are equipped with the newest machinery and technology, including an in-house integrated development and assembling system and quality testing infrastructure, and they cover an area of about 3,160 square meters.
The company follows stringent quality control procedures throughout the manufacturing process. The research & development team searches for chances to create unique and next-generation goods in addition to its customer-focused strategy. The company's future growth narrative is being complemented by the ongoing research, development, and introduction of the newest manufacturing technologies of renewable energy storage solutions by several nations worldwide. Lithium-ion battery demand is rising steadily in the local market, following the worldwide development trend.
ISSUE INFORMATION AND HISTORY OF CAPITAL:
In order to raise Rs. 63.76 cr. at the upper cap, the business is launching its first book building route combination IPO of 5403600 equity shares. A price range of Rs. 112 to Rs. 118 per share of Rs. 10 apiece has been published by the firm. The issuance includes an Offer for Sale (OFS) of 1080000 shares (valued at Rs. 12.74 cr at the upper cap) and 4323600 new equity shares (valued at Rs. 51.02 cr at the higher cap). The subscription period for the issue begins on March 25, 2025, and ends on March 27, 2025. A minimum of 1200 shares must be applied for, and then in multiples of that amount. Shares will be listed on NSE SME Emerge upon allocation. 26.50% of the company's post-IPO paid-up capital is made up of the issuance. The company will use Rs. 9.53 cr. of the IPO's net proceeds to repay or prepay some of its debts, Rs. 9.50 cr. for working capital, Rs. 6.72 cr. for capital expenditures on upgrading the Noida factory, Rs. 7.47 cr. for capital expenditures on upgrading the IT at the Noida/Vasai Factory and registered office, and the remaining amount for general corporate purposes.
ATC Energies IPO – Objectives of the Issue
The company plans to utilize the net proceeds from the IPO for the following purposes:
- 1.Repayment and Pre-payment of Borrowings:A total of ₹95.28 million will be allocated to repay or pre-pay, in full, the borrowings availed for the purchase of the Noida factory.
- 2.Capital Expenditure for Noida Factory: : An estimated ₹67.22 million will be used for refurbishment, civil work, and upgradation at the Noida factory to enhance operational efficiency.
- 3.IT Upgradation: Around ₹74.69 million is earmarked for IT infrastructure improvements at the Noida factory, Vasai factory, and the company's registered office.
- 4.Working Capital Requirements: The company will allocate ₹95 million to meet its working capital needs, ensuring smooth operations and business growth.
- 5.General Corporate Purposes: A portion of the funds will be set aside for general corporate activities, including strategic initiatives, administrative expenses, and future business development.
This allocation reflects ATC Energies’ strategic approach to strengthening its financial position and operational capabilities
Conclusion
ATC Energies System Limited, a manufacturer of advanced lithium-ion battery solutions, is launching its Initial Public Offering (IPO) on March 25, 2025. The company aims to raise up to ₹63.76 crore through the issuance of 5,403,600 equity shares at a price band of ₹112 to ₹118 per share. The IPO comprises a fresh issue of 4,323,600 shares, aggregating up to ₹51.02 crore, and an offer for sale of 1,080,000 shares, totaling ₹12.74 crore. The proceeds from the IPO will be utilized for various purposes, including the repayment of borrowings related to the acquisition of the Noida factory, funding capital expenditures for refurbishment and upgrades at the Noida facility, IT infrastructure enhancements at both the Noida and Vasai factories, and meeting working capital requirements. With a minimum lot size of 1,200 shares, requiring a minimum investment of ₹141,600, the IPO will close on March 27, 2025, and the shares are proposed to be listed on the NSE Emerge platform on April 2, 2025. Investors should note that, as of now, the shares are not commanding any grey market premium (GMP) in the unlisted market.
Given ATC Energies' focus on the growing lithium-ion battery sector and its plans for strategic utilization of IPO proceeds, the offering presents an opportunity for investors interested in the energy storage industry.
ATC Energies IPO Financial Information
Latest Revenue
22.57
₹ Crore
Profit After Tax
5.77
₹ Crore
Net Worth
38.87
₹ Crore
Total Borrowing
24.26
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 30 Sep 2024 | 71.82 | 22.57 | 5.77 | 38.87 | 24.26 | ||||
| 31 Mar 2024 | 50 | 51.51 | 10.89 | 33.1 | 10.51 | ||||
| 31 Mar 2023 | 40.72 | 33.22 | 7.76 | 22.21 | 10.59 | ||||
| 31 Mar 2022 | 36.05 | 36.52 | 11.86 | 14.45 | 11.81 | ||||
| Amount in ₹ Crore | |||||||||
ATC Energies Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 39.38% |
| ROCE | 42.66% |
| Debt/Equity | 0.32 |
| RoNW | 39.38% |
| PAT Margin | 21.27 |
| Price to Book Value | 5.73 |
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ATC Energies IPO Timeline
| IPO Open Date | Tue, Mar 25, 2025 |
| IPO Close Date | Thu, Mar 27, 2025 |
| Tentative Allotment | Fri, Mar 28, 2025 |
| Initiation of Refunds | Tue, Apr 1, 2025 |
| Credit of Shares to Demat | Tue, Apr 1, 2025 |
| Tentative Listing Date | Wed, Apr 2, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 27, 2025 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
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