ATC Energies IPO | Detailed Guide For Investing in The IPO 

ATC Energies IPO  is a book-built issue of ₹ 63.76 crores. It is a NSE SME IPO consisting of a fresh issue portion of 43.24 lakh shares and an offer-for-sale (OFS) component of 10.80 lakh shares. The fresh issue portion of ATC Energies IPO aggregates to ₹ 51.02 cores whereas the OFS portion aggregates to ₹ 12.74 cores. 

ATC Energies IPO will open for subscription on 25th March 2025, and will receive its last bid for subscription on 27th March 2025 (closing day). The tentative listing date for the ATC Energies IPO is set on 2nd April 2025, with the tentative allotment date of 28th March 2025. Investors can expect refund initiation (if any) and credit of allotted shares in demat accounts on 01st April 2025. 

The price band for the ATC Energies IPO  is set with a floor price of ₹ 112 and a cap price of ₹ 118 per equity share. The minimum lot size for the IPO is 1,200 shares aggregating to a minimum investment for the retail segment at ₹ 1,34,400 (floor price * lot size). Whereas on the cutoff price of ₹ 118, the minimum investment would be ₹ 1,41,600. The HNI segment has the minimum lot size of 2 lots (2,400 shares) for the ATC Energies IPO.

The book running lead manager for the ATC Energies IPO is Indorient Financial Services Ltd. and the registrar is Kfin Technologies Limited. The market maker for ATC Energies IPO  is Alacrity Securities Ltd. 

ATC Energies IPO  Key Information 

ATC Energies IPO  Key Dates

ATC Energies IPO GMP (Grey Market Premium)

ATC Energies IPO GMP: Grey Market Premium (GMP) refers to the price of an IPO trailing in the grey markets. It represents the difference between the issue price and the grey market price of an IPO.

ATC Energies IPO GMP Trend

The Grey Market Premium (GMP) of ATC Energies IPO as on 9:10 AM, 25th March 2025 was ₹ 21. It resulted in a tentative listing price of ₹ 139 with a listing gain of 17.80 %. However, at 9:18 AM the ATC Energies IPO GMP declined to ₹ 0 resulting in an expected listing price of ₹ 118.To know more about the upcoming IPOs and their GMP status keep reading Univest Blogs.

ATC Energies IPO Subscription Status 

As of 25th March 2025, ATC Energies IPO was subscribed 0.02 times till 10:19:02 AM. The retail category subscribed 0.04 times, whereas the subscription status of the NII and QIB category stood at 0. The total subscription amount for ATC Energies IPO was 0.850 cr. 

*(QIB – Qualified Institutional Buyers, NII – Non Institutional Buyers)

ATC Energies IPO Analysis

ATC Energies IPO  Lot Size Structure

ATC Energies IPO Reservation Structure

ATC Energies IPO  is a NSE SME IPO, likely to be listed on the Indian stock exchanges on 02nd April 2025. This issue consists of a reservation portion for the qualified institutional buyers (QIB), retail investors and non-institutional buyers (NIB). To know more about the reservation requirements of the ATC Energies IPO  refer to the table below.

ATC Energies IPO Objectives

ATC Energies IPO is being issued with a price band of ₹ 112 to ₹ 118 at a total IPO size of 63.76 crores. ATC Energies Limited intends to use the net issue proceeds from the IPO for the following objectives: 

1. Repayment and/or pre-payment, in full, of the borrowing availed by our Company with respect to purchase of our Noida factory including land and building.
2. Funding the capital expenditure requirements towards refurbishment, civil and upgradation works at our Noida factory.
3. Funding the capital expenditure requirement towards IT upgradation at our Noida factory, Vasai factory and our registered office.
4. Funding working capital requirements of our Company. 
5. General Corporate Purposes. 

The net issue proceeds (Gross issue proceeds – issue  expenses) from the ATC Energies IPO will be used for the fulfilment of the objectives mentioned above in the following manner: 

(figures in ₹ lakhs)

*the amount to be utilised for gross proceeds should not exceed 25% of the gross proceeds.

ATC Energies IPO Peer Comparison 

(Figures in Lakhs except ratios and percentages)

Pros and Cons of ATC Energies IPO

Pros

• Diversified product portfolio 
• In-house designing capabilities 
• Stable financial performance
• High focus on quality and performance

Cons 

• Supply chain disruption risk 
• No long term contracts or exclusive agreements with suppliers
• High reliance on two customers for major revenue share
• Company has negative cashflows 

ATC Energies Performance Review

Before investing in the ATC Energies IPO, it is crucial to analyse its financial health through technical and financial statement analysis. It helps in understanding the profit growth, cash flow, and other risks and strengths for the underlying company. Therefore, to make informed decisions regarding the ATC Energies IPO, you must take a look at the below financials of the company:

Financial Performance

*Figures in ₹ lakhs except percentages

Explanation 

Revenue  

ATC Energies Limited earned a revenue of ₹ 3,648.30 in FY 2022 which experienced a slight decline of 9.17 % in FY 2023. In FY 2023 the ATC Energies Limited Revenue revenue stood at ₹ 3,313.54 lakhs which grew by 54.52 % in FY 2024 to ₹ 5,120.37 lakhs.  

EBITDA

As for the EBITDA, the company clocked earning before interest, tax, depreciation and amortization (EBITDA) of ₹ 1,529.34 lakhs in FY 2022. In FY 2023, the company’s EBITDA decreased by 24.88 % to ₹ 1,148.80. However, the EBIDTA grew back to a level of ₹ 1,516.35 lakhs in FY 2024 indicating an increase of 31.99 %. 

Profit After Tax (PAT)

ATC Energies Limited has experienced a similar trend in their PAT figures like revenue and EBITDA. In FY 2022 company’s PAT was closed at a figure of ₹ 1,186.14 lakhs. In FY 2023, the ATC Engineers Limited had a PAT of ₹ 775.57 lakhs resulting in a decline of 34.61 %. However, in FY 2024 company’s PAT was revived to a figure of ₹ 1,089.16 lakhs.

Technical Analysis (KPIs)

*(D/E – Debt to Equity, ROE – Return on Equity, P/BV – Price to Book Value, RONW – Return on Net Worth, ROCE – Return on Capital Employed) 

Please note that the Price-To-Earning (PE) and Earning Per Share (EPS) ratio is subject to change after the ATC Energies IPO listing. Therefore, have a look at the below table that provides pre and post IPO value of PE and EPS of ATC Energies IPO. 

About ATC Energies Limited 

ATC Energies Limited was established in 1998 as a private limited company. Currently it is a private limited company that is engaged in the business of manufacturing and supply of lithium ion batteries. ATC Energies Limited started its operation by producing mini size batteries catering to the banking industry for POS and ATM machines. The company currently has a product portfolio of various battery sizes. It  produces batteries under the large [2000 Wh], medium [ 751-2,000 wh], small [101-75- Wh] and mini ranges. 

ATC Energies conducts its operation through its factories situated in Vasai, Thane, and Noida, NCR using the latest technology and machinery. It has an in-house team for designing, engineering, and customising the products.

How to Apply For ATC Energies IPO

To apply for the ATC Energies IPO , you simply need to follow the below steps: 

Step 1 – Research the risks, benefits, and key details of the public offer. 

Step 2 – Open a demat account with Univest to know more about the ATC Energies IPO  and invest in it. If you have an old demat account, you can also use it to invest in the public offer. 

Step 3 – To invest in the ATC Energies IPO  as a retail investor, you must place a bid for 1,200 shares for a total amount of ₹ 1,41,600 lakh.

Step 4 – Once the bidding process is completed, you will receive a request for payment initiation using your chosen investment method. Approve the payment request and stay updated with the allotment status for the ATC Energies IPO .

Snapshot Of ATC Energies IPO  

• The ATC Energies IPO  is a book-built issue consisting of 54,03,600 equity shares amounting to a total size of 63.76 crores. 
• The ATC Energies IPO consists of a fresh issue portion of 43,23,600 shares (₹ 51.02 cr.) and an offer for sale component of 10,80,000 shares (₹ 12.74 cr.)
• The price band for the IPO is set between the floor price of ₹ 112 and cap price of ₹ 118. 
• The minimum lot size of the ATC Energies IPO  for retail investors is set at 1,200 shares (1 lot) and for the HNI segment it is 2,400 equity shares (2 lot). 

FAQ on ATC Energies IPO 

What is the ATC Energies IPO  price? 

The price of ATC Energies IPO  is set at a price band of ₹ 112 to ₹ 118.

What is the retail lot size in the ATC Energies IPO ? 

The minimum lot size of the retail segment for the ATC Energies IPO  is set at 1,200 shares which amounts to a total of ₹ 1,41,600 per lot. 

How can I check the ATC Energies IPO  allotment status? 

You can check the ATC Energies IPO  allotment status on the official website of the National Stock Exchange of India (BSE).

What is the ATC Energies IPO ?

ATC Energies IPO is a book-built offer for 54,03,600 equity shares. The issue is available at a price band of ₹ 112 to ₹ 118. Investors can subscribe to the ATC Energies IPO  through a bidding process which will commence on 25th March 2025. 

Note: Univest do not recommend you to invest in the ATC Energies IPO  based on the information provided in the above blog. Before investing in the public offer perform your own research and invest according to your risk tolerance levels. 

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Disclaimer: This is for general information and education purposes only. The Securities quoted (if any) are for illustration only and are not recommendatory. Past performance does not guarantee any future returns. Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.