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ATC Energies System IPO vs TSC India IPO

Comparison between ATC Energies System IPO and TSC India IPO.

IPO Details

ATC Energies System IPO is a SME Bookbuilding IPO proposed to list at NSE SME while TSC India IPO is a SME Bookbuilding proposed to list at NSE SME.

 ATC Energies System IPOTSC India IPO
LogoATC Energies System IPO LogoTSC India IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersIndorient Financial Services Ltd.Expert Global Consultants Pvt.Ltd.
RegistrarKfin Technologies Ltd.Bigshare Services Pvt.Ltd.
Market MakerAlacrity Securities Ltd.Prabhat Financial Services Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of ATC Energies System IPO is up to ₹60.56 Cr whereas the issue size of the TSC India IPO is up to ₹24.58 Cr. The final issue price of ATC Energies System IPO is ₹118.00 per share and of TSC India IPO is ₹70.00 per share.

 ATC Energies System IPOTSC India IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹112.00 per share₹68.00 per share
Issue Price (Upper)₹118.00 per share₹70.00 per share
Issue Price (Final)₹118.00 per share₹70.00 per share
Discount (Retail)₹0.00 per share
Discount (Employee)
Market Lot Size1200 shares2000 shares
Fresh Issue Size40,52,400 shares35,12,000 shares
Fresh Issue Size (Amount)up to ₹47.82 Crup to ₹24.58 Cr
OFS Issue Size10,80,000 shares0 shares
OFS Issue Size (Amount)up to ₹12.74 Crup to ₹0.00 Cr
Issue Size Total51,32,400 shares35,12,000 shares
Issue Size Total (Amount)up to ₹60.56 Crup to ₹24.58 Cr

IPO Timetable

ATC Energies System IPO opens on Mar 25, 2025, while TSC India IPO opens on Jul 23, 2025. The closing date of ATC Energies System IPO and TSC India IPO is Mar 27, 2025, and Jul 25, 2025, respectively.

 ATC Energies System IPOTSC India IPO
Anchor Bid DateMar 24, 2025Jul 22, 2025
Issue OpenMar 25, 2025Jul 23, 2025
Issue CloseMar 27, 2025Jul 25, 2025
Basis Of Allotment (Tentative)Mar 28, 2025Jul 28, 2025
Initiation of Refunds (Tentative)Apr 01, 2025Jul 29, 2025
Credit of Share (Tentative)Apr 01, 2025Jul 29, 2025
Listing date (Tentative)Apr 02, 2025Jul 30, 2025
Anchor Lockin End date 1Apr 26, 2025Aug 27, 2025
Anchor Lockin End date 2Jun 25, 2025Oct 26, 2025

Financials & KPIs

ATC Energies System IPO P/E ratio is 17.4, as compared to TSC India IPO P/E ratio of 15.44.

 ATC Energies System IPOTSC India IPO
Financials

ATC Energies System Limited Financial Information (Restated)

Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets71.825040.7236.05
Total Income22.5751.5133.2236.52
Profit After Tax5.7710.897.7611.86
Net Worth38.8733.122.2114.45
Reserves and Surplus22.8117.0419.6611.9
Total Borrowing24.2610.5110.5911.81
Amount in ₹ Crore

TSC India Ltd. Financial Information (Restated Consolidated)

TSC India Ltd.'s revenue increased by 28% and profit after tax (PAT) rose by 4% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets61.4553.3326.16
Total Income26.3220.599.85
Profit After Tax4.934.721.22
EBITDA8.758.192.82
Net Worth15.838.744.56
Reserves and Surplus5.486.822.64
Total Borrowing25.5317.7613.08
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)98.1990.74
Promoter Shareholding (Post-Issue)72.0766.85
P/E Ratio17.415.44
Market Cap₹240.59 Cr.₹98.34 Cr.
ROE39.38%31.13%
ROCE42.66%19.49%
Debt/Equity0.32
EPS₹6.78₹4.53
RoNW39.38%31.13%

Shares Offered

In the ATC Energies System IPO Retail Individual Investors (RII) are offered 17,96,400 shares while in TSC India IPO retail investors are offered 17,96,400 shares. Qualified Institutional Buyers (QIB) are offered 6,16,800 shares in ATC Energies System IPO and 7,02,000 shares in TSC India IPO.

 ATC Energies System IPOTSC India IPO
Anchor Investor Reserveration9,22,800 shares10,50,000 shares
Market Maker Reserveration2,71,200 shares1,86,000 shares
QIB6,16,800 shares7,02,000 shares
NII17,96,400 shares5,28,000 shares
RII17,96,400 shares12,32,000 shares
Employee0 shares0 shares
Others
Total51,32,400 shares35,12,000 shares

Bids Received (Subscription)

ATC Energies System IPO subscribed 1.61x in total, whereas TSC India IPO subscribed 73.21x.

 ATC Energies System IPOTSC India IPO
QIB (times)1.38x40.03x
NII (times)0.81x133.17x
Big NII (times)
Small NII (times)
RII (times)2.49x66.47x
Employee (times)
Other (times)
Total (times)1.61x73.21x