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ATC Energies System IPO vs Desco Infratech IPO

Comparison between ATC Energies System IPO and Desco Infratech IPO.

IPO Details

ATC Energies System IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Desco Infratech IPO is a SME Bookbuilding proposed to list at BSE SME.

 ATC Energies System IPODesco Infratech IPO
LogoATC Energies System IPO LogoDesco Infratech IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtNSE SMEBSE SME
Lead ManagersIndorient Financial Services Ltd.Smart Horizon Capital Advisors Pvt.Ltd.
RegistrarKfin Technologies Ltd.Bigshare Services Pvt.Ltd.
Market MakerAlacrity Securities Ltd.Rikhav Securities 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 Desco Infratech IPO is up to ₹29.15 Cr. The final issue price of ATC Energies System IPO is ₹118.00 per share and of Desco Infratech IPO is ₹150.00 per share.

 ATC Energies System IPODesco Infratech IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹112.00 per share₹147.00 per share
Issue Price (Upper)₹118.00 per share₹150.00 per share
Issue Price (Final)₹118.00 per share₹150.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1200 shares1000 shares
Fresh Issue Size40,52,400 shares19,43,000 shares
Fresh Issue Size (Amount)up to ₹47.82 Crup to ₹29.15 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 shares19,43,000 shares
Issue Size Total (Amount)up to ₹60.56 Crup to ₹29.15 Cr

IPO Timetable

ATC Energies System IPO opens on Mar 25, 2025, while Desco Infratech IPO opens on Mar 24, 2025. The closing date of ATC Energies System IPO and Desco Infratech IPO is Mar 27, 2025, and Mar 26, 2025, respectively.

 ATC Energies System IPODesco Infratech IPO
Anchor Bid DateMar 24, 2025Mar 21, 2025
Issue OpenMar 25, 2025Mar 24, 2025
Issue CloseMar 27, 2025Mar 26, 2025
Basis Of Allotment (Tentative)Mar 28, 2025Mar 27, 2025
Initiation of Refunds (Tentative)Apr 01, 2025Mar 28, 2025
Credit of Share (Tentative)Apr 01, 2025Mar 28, 2025
Listing date (Tentative)Apr 02, 2025Apr 01, 2025
Anchor Lockin End date 1Apr 26, 2025Apr 26, 2025
Anchor Lockin End date 2Jun 25, 2025Jun 25, 2025

Financials & KPIs

ATC Energies System IPO P/E ratio is 17.4, as compared to Desco Infratech IPO P/E ratio of 24.4.

 ATC Energies System IPODesco Infratech 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

Desco Infratech Limited Financial Information (Restated)

Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets36.1223.820.6511.73
Total Income22.7529.4929.2819.92
Profit After Tax3.383.461.230.83
Net Worth22.6711.995.043.85
Reserves and Surplus17.0411.724.793.6
Total Borrowing6.824.065.813.09
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)98.1979.29
Promoter Shareholding (Post-Issue)72.0758.12
P/E Ratio17.424.4
Market Cap₹240.59 Cr.₹115.14 Cr.
ROE39.38%40.61%
ROCE42.66%75.97%
Debt/Equity0.320.34
EPS₹6.78₹6.15
RoNW39.38%28.83%

Shares Offered

In the ATC Energies System IPO Retail Individual Investors (RII) are offered 17,96,400 shares while in Desco Infratech 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 3,86,000 shares in Desco Infratech IPO.

 ATC Energies System IPODesco Infratech IPO
Anchor Investor Reserveration9,22,800 shares5,77,000 shares
Market Maker Reserveration2,71,200 shares1,07,000 shares
QIB6,16,800 shares3,86,000 shares
NII17,96,400 shares2,94,000 shares
RII17,96,400 shares6,86,000 shares
Employee0 shares0 shares
Others
Total51,32,400 shares19,43,000 shares

Bids Received (Subscription)

ATC Energies System IPO subscribed 1.61x in total, whereas Desco Infratech IPO subscribed 83.75x.

 ATC Energies System IPODesco Infratech IPO
QIB (times)1.38x28.76x
NII (times)0.81x233.26x
Big NII (times)
Small NII (times)
RII (times)2.49x50.62x
Employee (times)
Other (times)
Total (times)1.61x83.75x