ATC Energies IPO is fully book build issue and total IPO size is ₹63.76 crores. The share offering contains fresh issue of 43.24 lakh shares and offer for sale of 10.80 lakh shares.
The subscription period for the ATC Energies IPO starts on March 25, 2025, and ends on March 27, 2025. The allotment process is expected to be finalized by March 28, 2025.
The ATC Energies IPO is scheduled to list on NSE Emerge, with a listing date of April 2, 2025. The price band for the ATC Energies IPO is ₹112 to ₹118 per share and lot size is 1200 shares.
Registrar for this IPO is Kfin Technologies Limited and lead managers for ATC Energies IPO are Indorient Financial Services Limited.
IPO Schedule
| IPO Open Date | Tuesday, 25 Mar, 2025 |
|---|---|
| IPO Close Date | Thursday, 27 Mar, 2025 |
| IPO Allotment Date | Friday, 28 Mar, 2025 |
| Refund Initiation | Tuesday, 01 Apr, 2025 |
| Share credit in Demat | Tuesday, 01 Apr, 2025 |
| Listing Date | Wednesday, 02 Apr, 2025 |
Key Details
| Price Band | ₹112 to ₹118 Per Share |
|---|---|
| Lot Size | 1200 Shares |
| Face Value | ₹10 Per Equity Share |
| Total Issue Size | ₹63.76 Crores |
| Fresh Issue | ₹51.02 Crores |
| OFS Issue | ₹12.74 Crores |
| Issue Type | Fresh Issue and an Offer for Sale |
| Listing At | NSE Emerge |
Share Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB | 50% |
| Retail | 35% |
| NII/HNI | 15% |
Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | 141,600 |
| Retail (Max) | 1 | 1200 | 141,600 |
| S-HNI (Min) | 2 | 2400 | 283,200 |
| S-HNI (Max) | 7 | 8400 | 991,200 |
About ATC Energies Limited Company
ATC Energies System Limited specializes in producing and supplying lithium-ion batteries, offering efficient and cost-effective energy storage solutions. With factories located in Vasai, Thane, and Noida, the company focuses on vertically integrated development and assembly systems.
The company manufactures batteries of all sizes, catering to diverse industries such as banking (POS and ATM machines), mechanics (drones), automobiles (electric two and three-wheeler vehicles), and industrial applications (UPS inverters, energy storage systems). ATC has an in-house team for designing, engineering and customising the products to suit the end use of its customers.
The Indian lithium-ion battery market is experiencing robust growth. In 2022, demand stood at 11 GWh, and is projected to reach 160.3 GWh by 2030, with a cumulative demand of 600 GWh. The EV sector is expected to drive major demand, accounting for 64% of the total, followed by stationary storage at 22%. This growth highlights the need for a strengthened domestic supply chain and increased value addition within the Indian battery manufacturing industry.
Key financial highlights include a revenue from operations of ₹51.20 crore in Fiscal Year 2024, with an EBITDA of ₹15.16 crore and a PAT of ₹10.89 crore.
ATC Energies Limited Financial Details
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | ₹71.82 crore | ₹50 crore | ₹40.72 crore | ₹36.05 crore |
| Revenue | ₹22.57 crore | ₹51.51 crore | ₹33.22 crore | ₹36.52 crore |
| Profit After Tax | ₹5.77 crore | ₹10.89 crore | ₹7.76 crore | ₹11.86 crore |
| Net Worth | ₹38.87 crore | ₹33.1 crore | ₹22.21 crore | ₹14.45 crore |
| Reserves and Surplus | ₹22.81 crore | ₹17.04 crore | ₹19.66 crore | ₹11.9 crore |
| Total Borrowing | ₹24.26 crore | ₹10.51 crore | ₹10.59 crore | ₹11.81 crore |
₹ In Crore
Key Performance Indicator
| Basic EPS (in ₹) | Return on Net Worth (RoNW) | Net Asset Value (NAV) | Debt-Equity Ratio | Return on Equity (ROE) | Return on Capital Employed (ROCE) |
|---|---|---|---|---|---|
| 6.78 | 39.38% | 20.60 | 39.38% | 42.66% |
Offer Objectives
The Offer comprises a fresh issue of up to 43,23,600 Equity Shares with a face value of ₹10 each, aggregating up to ₹[●] lakhs, alongside an Offer for Sale (OFS) of up to 10,80,000 Equity Shares from the Selling Shareholder. The company will not receive any proceeds from the OFS.
Objects of the Fresh Offer: The net proceeds from the fresh issue will be utilized for:
- Repayment/pre-payment of borrowings for the Noida factory purchase.
- Funding capital expenditure for refurbishment at the Noida factory.
- IT upgradation at the Noida and Vasai factories, and the registered office.
- Funding working capital requirements.
- General corporate purposes.
The estimated net proceeds from the Fresh Issue are ₹[●] lakhs. Of this, ₹952.83 lakhs is allocated for debt repayment related to the Noida factory, ₹672.16 lakhs for refurbishment, civil, and upgradation works at the Noida factory, ₹746.88 lakhs for IT upgrades across Noida and Vasai factories, and the registered office, and ₹950 lakhs towards working capital. General corporate purposes will be allocated the remaining funds. The funds will be deployed entirely in Fiscal Year 2025 and 2026.
Selling Shareholder
Sandeep Gangabishan Bajoria will offer upto 10,80,000 Equity Shares for sale
Note: All amounts related to '₹[●] lakhs' will be updated in the Prospectus before filing with the RoC.
Company Details
Address:
Unit No. 3, Plot No. 33, New India Industrial Estate,
Mahal IN AR, Off MC Rd., Andheri East,
Mumbai 400 093, Maharashtra, India
Phone: +91 7208878270
Email: [email protected]
Website: http://www.atcgroup.co
IPO Registrar Details
Kfin Technologies Limited
Phone: +91 40 6716 2222, 18003094001
Email: [email protected]
Website: http://www.kfintech.com
