ATC Energies IPO
The ATC Energies IPO is scheduled to open on March 25, 2025, and close on March 27, 2025. It is a Book Built Issue IPO, listing on the NSE SME platform. The ATC Energies IPO consists of a fresh issue of 43,23,600 shares, aggregating up to ₹51.02 crore, and an offer for sale of 10,80,000 shares at ₹10 per share, totaling ₹12.74 crore. The total issue size is 54,03,600 shares, amounting to ₹63.76 crore. The price band is set between ₹112 and ₹118 per share, with a lot size of 1,200 shares. Pre-issue shareholding stands at 1,60,65,000 shares, increasing to 2,03,88,600 shares post-issue. Additionally, the market maker portion includes 2,71,200 shares managed by Alacrity Securities Ltd.
ATC Energies IPO Date
The ATC Energies IPO is set to open on March 25, 2025, and will close on March 27, 2025. The Expected allotment of shares is scheduled for March 28, 2025. Investors who do not receive an allotment will have their refunds initiated on April 1, 2025, the same day when the allotted shares will be credited to successful applicants’ Demat accounts. The IPO is expected to be listed on the NSE SME exchange on April 2, 2025. Additionally, the cut-off time for UPI mandate confirmation is 5 PM on March 27, 2025.
ATC Energies IPO Reservation
ATC Energies IPO reservation details for ATC Energies outline the allocation of shares among different investor categories. Qualified Institutional Buyers (QIBs) can be allotted a maximum of 30% of the net offer, ensuring that a significant portion remains available for other investors. Retail investors are guaranteed a minimum of 35% of the net offer, providing ample opportunities for individual participation. Similarly, Non-Institutional Investors (NIIs), including High Net-Worth Individuals (HNIs), are also allocated at least 35% of the net offer. This allocation structure aims to balance institutional and retail participation in the IPO, ensuring broad market access.
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ATC Energies IPO Lot Size
The ATC Energies IPO lot size details specify that investors must bid for a minimum of 1,200 shares and in multiples thereof. Retail investors can apply for only one lot, meaning their minimum and maximum investment remains the same at 1,200 shares, amounting to ₹1,41,600. For High Net-Worth Individuals (HNI), the minimum application requires at least two lots, which equals 2,400 shares, amounting to ₹2,83,200. This structure ensures that retail investors have access to a limited number of shares while allowing HNIs to apply for a larger allotment.
ATC Energies Promoters
ATC Energies Company Details
ATC Energies System Limited, incorporated in 2020, operates in the energy sector, specializing in energy solutions, products, and services. The company focuses on producing efficient and cost-effective lithium and Li-ion batteries, catering to industries such as banking, automobiles, and industrial applications.
Initially, the company started with the production of mini batteries for the banking sector. Over time, it expanded its product portfolio to manufacture batteries of various sizes, offering customized solutions for different industrial applications. ATC Energies emphasizes in-house design and engineering to provide innovative energy storage solutions.
The company’s registered office is located in Mumbai, with manufacturing facilities in Vasai, Thane, and Noida. These factories are equipped with advanced machinery for battery assembly, including temperature chambers, welding systems, and testers.
Product Portfolio
ATC Energies offers products catering to multiple industries:
- Banking Sector: POS machines and ATMs
- Automobile Industry: Batteries for electric vehicles, including two-wheelers and three-wheelers
- Industrial Applications: Industrial UPS, energy storage systems, and weighing scales
Competitive Strengths
- A diversified product portfolio catering to multiple industries
- Strong focus on quality and performance through advanced manufacturing processes
- Experienced leadership and workforce ensuring operational efficiency
- Stable financial performance, supporting consistent growth
ATC Energies continues to expand its market presence by leveraging its expertise in battery technology and energy solutions.
ATC Energies IPO Objectives
The IPO of ATC Energies aims to utilize the net proceeds for several key objectives, amounting to a total of ₹31.0 crores. The primary allocation includes ₹9.53 crores for the repayment or prepayment of borrowings related to the purchase of the Noida factory. Additionally, ₹6.72 crores are earmarked for capital expenditure towards refurbishment, civil work, and upgrades at the Noida factory. Another ₹7.47 crores will be used for IT upgradation at the Noida and Vasai factories, along with the registered office. Furthermore, ₹9.5 crores are designated for funding the company’s working capital requirements, while the remaining funds will be allocated for general corporate purposes.
ATC Energies Financials
ATC Energies System Limited has shown significant financial growth over the past few years. As of September 30, 2024, the company’s total assets stood at ₹71.82 crore, up from ₹50 crore in March 2024 and ₹40.72 crore in March 2023. Revenue for FY24 (as of March) was ₹51.51 crore, reflecting a strong increase from ₹33.22 crore in FY23, though it slightly declined from ₹36.52 crore in FY22. The company’s profit after tax for FY24 was ₹10.89 crore, improving from ₹7.76 crore in FY23 but lower than ₹11.86 crore in FY22.
Net worth has consistently improved, reaching ₹38.87 crore in September 2024, compared to ₹33.1 crore in March 2024 and ₹22.21 crore in March 2023. Reserves and surplus have also grown steadily, standing at ₹22.81 crore in September 2024, up from ₹17.04 crore in March 2024 and ₹19.66 crore in March 2023. However, the company’s total borrowings have risen to ₹24.26 crore in September 2024, significantly higher than ₹10.51 crore in March 2024 and ₹10.59 crore in March 2023, indicating increased leverage for expansion and operational needs.
ATC Energies IPO Registrar
Kfin Technologies Limited is the official registrar for the ATC Energies IPO. Investors can reach out to Kfin Technologies for any queries regarding IPO applications, allotments, refunds, or other related matters. The registrar can be contacted via phone at 04067162222 or 04079611000. Additionally, investors can send inquiries through email at aesl.ipo@kfintech.com. For online tracking of IPO application status, Kfin Technologies provides a dedicated portal accessible at https://kosmic.kfintech.com/ipostatus/.
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