IPO Details

Bidding Dates

25 Mar '25 - 27 Mar '25

Minimum Investment

₹1,34,400/ 1 Lot (1,200 Shares)

Price Range

₹112 - ₹118

Maximum Investment

₹1,41,600/ 1 Lot (1,200 Shares)

Retail Discount

To be announced

Issue Size

Approx ₹63.76 Cr

Investor category and sub category

Retail Individual Investors (RII)  |   Non-institutional Investors (NII)  |   Qualified Institutional Buyers (QIB)  |  

ATC Energies IPO Important Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Mar 25, 25

IPO Closing Date

Mar 27, 25

Basis of Allotment

Mar 28, 25

Initiation of Refunds

Apr 01, 25

IPO Listing Date

Apr 02, 25

ATC Energies IPO Subscription Details

DateQIBNIIRetailTotal

Day 1Mar 24, 2025

 0.76 0.21 0.8 0.54

Day 2Mar 25, 2025

 0.76 0.25 1.2 0.73

About ATC Energies IPO

ATC Energies IPO opened for subscription on March 25, 2025, and will close on March 27, 2025. The issue consists of 54.04 lakh shares, including a fresh issue of 43.24 lakh shares and an offer for sale of 10.80 lakh shares. The allotment is expected to be finalised on March 28, 2025, with the tentative listing date scheduled for April 2, 2025, on the NSE SME platform.

The price band for the IPO is yet to be announced. Indorient Financial Services Limited is the book-running lead manager for the issue, while Kfin Technologies Limited has been appointed as the registrar. Alacrity Securities Limited is the market maker for the IPO.

Investors looking to participate in the IPO can refer to the Red Herring Prospectus (RHP) for detailed information on the company’s financials, objectives, and other key aspects. With its upcoming listing, ATC Energies aims to strengthen its market presence and drive business growth. The IPO is expected to attract interest from investors looking for opportunities in the SME segment.

Industry Outlook

  • The global lithium-ion battery market is projected to grow from USD 64.8 billion in 2023 to over USD 146 billion by 2028, with a strong CAGR of 17.6%, driven by increasing demand for EVs and renewable energy storage.
  • India's lithium-ion battery market is expected to expand from USD 2 billion to USD 6 billion by 2026 and USD 15 billion by 2030, fueled by rising demand in multiple industries, government support, and advancements in battery technology.
  • India's lithium-ion battery demand surged from 2.9 GWh in 2018 to 49.8 GWh in 2023, growing at a CAGR of 47% between 2020-23, highlighting a rapid shift towards energy storage solutions and electric mobility.

ATC Energies IPO Objectives 

The company plans to allocate the net proceeds from the issuance to the following purposes:

  1. The funds will be used to repay or prepay borrowings taken for purchasing the Noida factory, including land and building.
  2. Capital will be allocated for refurbishment, civil work, and overall upgrades at the Noida facility.
  3. Investments will be made in IT upgrades at the Noida and Vasai factories, as well as the registered office.
  4. A portion of the proceeds will be used to meet the company’s working capital needs for smooth operations.
  5. The remaining funds will be used for general corporate purposes.

About ATC Energies System Limited 

ATC Energies System Limited is a leading producer and supplier of lithium-ion batteries, offering efficient and cost-effective energy storage solutions for industries such as banking and automobiles. The company operates through a vertically integrated model, ensuring high-quality battery production tailored to diverse industrial needs.

Manufacturing facilities are strategically located in Vasai, Thane, and Noida, NCR, spanning a combined area of approximately 3,160 sq. mt. These facilities are equipped with advanced machinery, an in-house development and assembly system, and quality testing infrastructure. The company manufactures a wide range of lithium batteries, including mini (up to 100Wh), small (101-750Wh), medium (751-2,000Wh), and large (above 2,000Wh), catering to various applications.

Founded by a first-generation entrepreneur with over 25 years of experience in chemicals, electricals, and industrial equipment, the company started by producing mini batteries for POS and ATM machines. Over time, it has expanded its product range while maintaining a strong focus on research, innovation, and customer-centric solutions.

With 85-90% of raw materials sourced from China, the company ensures compliance with international environmental standards, keeping pollutant levels within accepted limits. It holds ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, and RoHS certifications, emphasising quality control and sustainable practices.

As India's lithium-ion battery demand is projected to grow from 11GWh in 2022 to 160.3GWh by 2030, the company is well-positioned to capitalise on the expanding market and emerging opportunities in renewable energy storage.

How To Check the Allotment Status of ATC Energies IPO?

Steps to check IPO allotment status on Angel One’s app:

  1. Log in to the Angel One app.
  2. Go to the IPO Section and then to IPO Orders.
  3. Select the individual IPO that you had applied for and check the allotment status.
  4. Angel One will notify you of your IPO allotment status via push notification and email.

How To Apply for the ATC Energies IPO Online?

  1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
  2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
  3. Select IPO: Find and select the ATC Energies IPO from the list of open IPOs.
  4. Enter the Lot Size: Specify the number of lots you want to bid for.
  5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
  6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

Contact Details of ATC Energies IPO 

Registered office: 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

E-mail: cs@atcgroup.co

ATC Energies IPO Category Reservation

Investor Category

Shares Offered

Anchor Investor Shares Offered

9,22,800 (17.08%)

Market Maker Shares Offered

2,71,200 (5.02%)

QIB Shares Offered

6,16,800 (11.41%)

NII (HNI) Shares Offered

17,96,400 (33.24%)

Retail Shares Offered

17,96,400 (33.24%)

Total Shares Offered

54,03,600 (100%)

ATC Energies IPO Anchor Investors Details

Bid Date

March 24, 2025

Shares Offered

9,22,800

Anchor Portion Size (In Cr.)

10.89

Anchor lock-in period end date for 50% shares (30 Days)

April 27, 2025

Anchor lock-in period end date for remaining shares (90 Days)

June 26, 2025

ATC Energies IPO Lot Size

Application

Lots

Shares

Amount

Retail (Min)

1

1,200

₹1,34,400

Retail (Max)

1

1,200

₹1,41,600

HNI (Min)

2

2,400

₹2,83,200

ATC Energies IPO Promoter Holding

Sandeep Gangabishan Bajoria is the promoter of the company.

Share Holding Pre-Issue

99.57%

Share Holding Post Issue

-

Note: Equity dilution will be determined by subtracting the Share Holding Post Issue from the Share Holding Pre Issue.

Key Performance Indicators for ATC Energies IPO

KPI

Value

RoE (%)

39.38

RoCE (%)

42.66

Debt/Equity

0.32

PAT Margin

21.27

ATC Energies IPO Prospectus

ATC Energies IPO Registrar and Lead Managers

ATC Energies IPO Lead Managers

  • Indorient Financial Services Limited

Registrar for ATC Energies IPO

Kfin Technologies Limited

ATC Energies IPO Registrar

Financial Performance of ATC Energies System Limited

Particulars Year ending on March 31, 2024 Year ending on March 31, 2023 Year ending on March 31, 2022
Revenue from Operation (in ₹ lakh) 5,120.37 3,313.54 3,648.30
Profit After Tax (PAT) (in ₹ lakh) 1,089.16 775.57 1,186.14
Current Ratio ( in times) 3.78 2.56 1.88
Total Borrowings (in ₹ lakh) 1,050.79 1,058.97 1,180.53
Return on equity (%) 39.38 42.31 139.18
Return on capital employed (%) 42.66 42.91 103.13
EBITDA (in ₹ lakh) 1,516.35 1,148.80 1,529.34

Know before investing

Strengths

8

  1. Offers a diversified product range catering to multiple industries and applications.

  2. Ensures high quality and reliable lithium batteries with strict controls.

  3. Led by an experienced promoter with 25 years of industry expertise.

  4. Achieved stable financial growth with revenue rising to ₹5,120.37 lakh in FY24.

  5. Expanding operations to new regions to strengthen market presence.

  6. Investing in automation and technology to enhance production efficiency.

  7. Developing eco-friendly and high-capacity lithium batteries for sustainability.

  8. Strengthening marketing efforts to expand corporate and retail customer base.

Risks

8

  1. Dependence on lithium, nickel, and cobalt exposes ATC Energies to supply risks.

  2. Heavy reliance on China for key raw materials may disrupt operations.

  3. No long-term contracts with suppliers increase vulnerability to price fluctuations.

  4. Two customers contribute a significant portion of revenue, increasing dependency risk.

  5. Over 57% of revenue comes from the banking sector, posing concentration risk.

  6. Related party transactions with promoters could lead to potential conflicts of interest.

  7. Business expansion delays due to pending capital expenditure orders may impact growth.

  8. Leased factory units pose operational risks if agreements are terminated unexpectedly.

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Peer Comparison of ATC Energies System Limited

Company Name EPS (Basic) NAV (per share in ₹) P/E (x) RoNW (%)
ATC Energies System Limited 6.78 20.6 - 39.38
Eveready Industries India Limited 9.18 53.2 36.08 18.91
High Energy Batteries India Limited 19.14 97.85 26 21.29

ATC Energies IPO FAQs

What is the ATC Energies IPO?

ATC Energies IPO is a book built issue IPO. It will be open from March 25, 2025, to March 27, 2025.

When will the ATC Energies IPO be allotted?

The Basis of Allotment will happen on Friday, March 28, 2025.

When will ATC Energies IPO open for subscription?

The IPO subscription window will open on  March 25, 2025.

What minimum lot size can retail investors subscribe to?

The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 1,200 shares.

When will ATC Energies System Limited list on exchanges?

The listing date for ATC Energies System Limited is Wednesday, April 2, 2025.

What is the issue size of the ATC Energies IPO?

The issue size of the ATC Energies IPO is up to approx. ₹63.76 crore.

What are the open and close dates of the ATC Energies IPO?

The open and close dates for ATC Energies IPO are from March 25, 2025, to March 27, 2025.

What would be the listing gains on the ATC Energies IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.

How to increase your chances of getting an ATC Energies IPO allotment?

  1. Multiple Submissions: Use different Demat accounts to make multiple applications.
  2. Higher Price Band Bidding: Opt for bidding at the cut-off price or higher price band.
  3. Timely Subscription: Ensure you subscribe to the IPO within the specified time frame.

How do I approve the UPI mandate request for ATC Energies IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of ATC Energies System Limited using one PAN?

You can submit only one application using your PAN card.

How to read ATC Energies System Limited's financial statements?

To read ATC Energies System Limited’s financial statements, download the IPO’s  RHP document.

What is 'pre-apply' for the ATC Energies IPO?

Pre-apply allows investors to apply for the  ATC Energies IPO two days before the subscription period opens, ensuring an early submission of your application.

If I pre-apply for the ATC Energies System Limited IPO, when will my order get placed?

Your order will be placed when the IPO opens for bidding, and a UPI request will follow within 24 hours.

When will I know if my ATC Energies System Limited IPO order is placed?

You will receive a notification once your order is successfully placed with the exchange after the bidding starts.

Who is the registrar of ATC Energies IPO?

Kfin Technologies Limited is the registrar responsible for managing the IPO allotment process and handling investor queries.

Where is the ATC Energies IPO getting listed?

ATC Energies IPO is proposed to be listed on the SME platform of the National Stock Exchange (NSE).