ATC Energies System IPO Details

Bookbuilding IPO | ₹64 Cr | Listed at NSE SME | Tue, Mar 25, 2025 - Thu, Mar 27, 2025

ATC Energies System IPO Logo

ATC Energies System IPO is a book build issue of ₹63.76 crores. The issue is a combination of fresh issue of 0.43 crore shares aggregating to ₹51.02 crores and offer for sale of 0.11 crore shares aggregating to ₹12.74 crores.

ATC Energies System IPO bidding started from Mar 25, 2025 and ended on Mar 27, 2025. The allotment for ATC Energies System IPO was finalized on Mar 28, 2025. The shares got listed on NSE SME on Apr 2, 2025.

ATC Energies System IPO price band is set at ₹118 per share. The lot size for an application is 1,200. The minimum amount of investment required by an retail is ₹1,41,600 (1200 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (2,400 shares), amounting to ₹2,83,200.

Indorient Financial Services Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The Market Maker of the company is Alacrity Securities Ltd..

Refer to ATC Energies System IPO RHP for detailed Information.

IPO Open

Tue, Mar 25, 2025

IPO Close

Thu, Mar 27, 2025

Issue Price

₹118 per share

Market Cap (Pre-IPO)

₹240.59 Cr

IPO Details

IPO Date25 to 27 Mar, 2025
Listed onWed, Apr 2, 2025
Face Value10 per share
Price Band₹112 to ₹118
Issue Price₹118 per share
Lot Size1,200 Shares
Sale TypeFresh capital cum OFS
Issue TypeBookbuilding IPO
Listing AtNSE SME

Total Issue Size54,03,600 shares
(agg. up to ₹64 Cr)
Reserved for Market Maker
2,71,200 shares
(agg. up to ₹3 Cr)
Alacrity Securities Ltd.
Fresh Issue
(Ex Market Maker)
40,52,400 shares
(agg. up to ₹48 Cr)
Offer for Sale10,80,000 shares of ₹10
(agg. up to ₹13 Cr)
Net Offered to Public51,32,400 shares
(agg. up to ₹61 Cr)
Share Holding Pre Issue1,60,65,000 shares
Share Holding Post Issue2,03,88,600 shares
NSE Symbol ATCENERGY
ISININE0V0Q01019

IPO Timetable

Issue Reservation

ATC Energies System IPO comprises a total issue size of 54,03,600 shares. The net offer to the public is 51,32,400 shares, after excluding 2,71,200 shares allotted on a firm basis. Of the Net offer 15,39,600 (30.00%) are allocated to QIB, 17,96,400 (35.00%) allocated to NII 17,96,400 (35.00%) allocated to RII.

Investor Category Shares Offered % of Net Issue% of Total Issue
QIB Shares Offered 15,39,60030.00%28.49%
  − Anchor Investor Shares Offered 9,22,80017.08%
  − QIB (Ex. Anchor) Shares Offered 6,16,80011.41%
NII (HNI) Shares Offered 17,96,40035.00%33.24%
Retail Shares Offered 17,96,40035.00%33.24%
Firm Reservations
Market Maker Shares Offered 2,71,2005.02%
Total Shares Offered 54,03,600100.00%100.00%

IPO Lot Size

Investors can bid for a minimum of 1,200 shares and in multiples thereof. 

Application Lots Shares Amount
Retail (Min) 1 1,200 ₹1,41,600
Retail (Max) 1 1,200 ₹1,41,600
HNI (Min) 2 2,400 ₹2,83,200
IPO Subscription Details

IPO Anchor Investors

ATC Energies System IPO raises ₹10.89 crore from anchor investors. ATC Energies System IPO Anchor bid date is March 24, 2025.
📝 Anchor Investors Letter (PDF)

Bid DateMon, Mar 24, 2025
Shares Offered9,22,800
Anchor Portion (₹ Cr.)10.89
Anchor lock-in period end date for 50% shares (30 Days)Sat, Apr 26, 2025
Anchor lock-in period end date for remaining shares (90 Days)Wed, Jun 25, 2025

About ATC Energies System Ltd.

Incorporated in 2020, ATC Energies System Limited is a company that operates in the energy sector, focusing on providing energy solutions, products, and services.

The company produces and supplies efficient, low-cost lithium and Li-ion batteries, offering integrated energy storage solutions for industries like banking, automobiles, and other end users.

The company started by producing mini batteries for the banking industry and now manufactures batteries of all sizes, offering customized solutions for various industries and applications through in-house design and engineering.
The company’s registered office is in Mumbai, with factories in Vasai, Thane, and Noida. These factories house advanced equipment for battery assembly, including temperature chambers, welding systems, and testers.
Products:v The company provides products for various industries:
  • Banking: POS machines, ATMs
  • Automobiles: Electric vehicles, two/three-wheelers
  • Industrial UPS, Energy storage systems, and Weighing scales.
As of February 28, 2025, the company had 81 employees out of which approximately 33% were women.
Competitive Strengths:
  • Diversified product portfolio catering to various industries / end-use applications offering diverse solutions.
  • Focus on quality and performance.
  • Experienced Leadership and Workforce Team
  • Stable financial performance

Company Financials (Restated)

Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets71.8250.0040.7236.05
Total Income22.5751.5133.2236.52
Profit After Tax5.7710.897.7611.86
NET Worth38.8733.1022.2114.45
Reserves and Surplus22.8117.0419.6611.90
Total Borrowing24.2610.5110.5911.81
Amount in ₹ Crore

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

# Issue Objects Est Amt (₹ Cr.)
1 Repayment and/or pre-payment, in full, the borrowing availed by the Company with respect to purchase of the Noida factory 9.53
2 Funding the capital expenditure requirements towards refurbishment, civil and upgradation works at the Noida factory 6.72
3 Funding the capital expenditure requirement towards IT upgradation at the Noida factory and Vasai factory and the registered office 7.47
4 Funding working capital requirements of the Company 9.50
5 General Corporate Purposes 10.58

Key Performance Indicator (KPI)

Pre IPOPost IPO
EPS (₹)6.785.66
P/E (x)17.420.84
Promoter Holding98.19%72.07%
Market Cap240.59 Cr.
Sandeep Gangabishan Bajoria is the promoter of the company.
  • The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2024 available in RHP.

IPO Review

[Dilip Davda]
AESL is engaged in producing and supplying lithium-ion batteries on a B2B model. It caters to specialized demand with tailor made power solutions that brings higher margins. The company marked lower top and bottom lines for FY23 on account of volatile prices of the raw materials globally. Based on recent financial data, the issue appears fully priced, but holds bright prospects ahead. Investors may park funds for the medium to long term.
Read detail review...

ATC Energies System IPO Recommendations

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Brokers1000
Members0000

ATC Energies IPO Subscription Status (Bidding Detail)

The ATC Energies IPO is subscribed 1.61 times on March 27, 2025 6:19:59 PM (Day 3). The public issue subscribed 2.49 times in the retail category, 1.38 times in the QIB category, and 0.81 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)Shares OfferedShares bid forTotal Application
QIB1.386,16,8008,53,2005
NII*0.8117,96,40014,62,800294
Retail2.4917,96,40044,71,2003,726
Total1.6142,09,60067,87,2004,025

Total Application : 4,025

*Market Maker portion is not included to NII/HNI.

IPO Expenses

# Issue Expenses Est Amt (₹ Cr.)
1 Book Running Lead Manager fees 1.18
2 Underwriting Fees 6.68
3 Brokerage, selling commission and other uploading fees (1)(2)(3) 0.05
4 Fees payable to Registrar to the Offer 0.02
5 Fees payable to the Statutory Auditor, Legal Counsel and other professionals 0.57
6 Fees payable to Advertising, Marketing expenses and Publishing expenses 0.17
7 Fees payable to Regulators including stock exchange and depositories 0.06
8 Payment for printing & stationery , postage etc. 0.01
9 Fees payable to Industry Report provider 0.04
10 Miscellaneous 0.24

Listing Day Trading Information

Price DetailsNSE SME
Final Issue Price118.00
Open107.00
Low101.65
High107.00
Last Trade101.65

Check IPO Performance…

IPO Registrar

Kfin Technologies Ltd.

Contact Details

ATC Energies System Ltd. Address
Unit No. 3, Plot No. 33,
New India Industrial Estate, Mahal IN AR,
Off MC Rd., Andheri East
Mumbai, Maharashtra, 400093
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IPO FAQs

ATC Energies System IPO is a SME IPO of 54,03,600 equity shares of the face value of ₹10 aggregating up to ₹64 Crores. The issue is priced at ₹118 per share. The minimum order quantity is 1200.

The IPO opens on Tue, Mar 25, 2025, and closes on Thu, Mar 27, 2025.

Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Zerodha customers can apply online in ATC Energies System IPO using UPI as a payment gateway. Zerodha customers can apply in ATC Energies System IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in ATC Energies System IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'ATC Energies System IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. Submit IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The ATC Energies System IPO opens on Tue, Mar 25, 2025 and closes on Thu, Mar 27, 2025.

ATC Energies System IPO lot size is 1200, and the minimum amount required for application is ₹1,41,600.

You can apply in ATC Energies System IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for ATC Energies System IPO will be done on Friday, March 28, 2025, and the allotted shares will be credited to your demat account by Tue, Apr 1, 2025. Check the ATC Energies System IPO allotment status.

The ATC Energies System IPO listing date is on Wed, Apr 2, 2025.

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