ATC Energies System Set to Launch IPO on March 25: Key Details and Insights
ATC Energies System is gearing up for its Initial Public Offering (IPO) on March 25, aiming to raise up to Rs 63.76 crore. The shares will be available on NSE Emerge, with specifics including a price band from Rs 112 to Rs 118 per share.
Lead: ATC Energies System, a leading manufacturer of lithium-ion battery solutions, will initiate its Initial Public Offering (IPO) on Tuesday, March 25, 2025. The company aims to raise up to Rs 63.76 crore by listing its shares on the NSE Emerge platform. The IPO consists of 54,03,600 equity shares, with a mix of fresh issues and an offer for sale. Key proceeds from the IPO will be directed towards repayable loans, factory upgrades, and IT infrastructure enhancements.
Key Details of the IPO
- Initial Public Offering Date: Opens March 25, 2025
- Price Band: Rs 112 to Rs 118 per share
- Minimum Lot Size: 1,200 equity shares
- Total Shares Offered: 54,03,600 equity shares
Grey Market Premium (GMP) Status
Ahead of the IPO opening, shares of ATC Energies are currently trading at a grey market premium (GMP) of Rs 0 in the unlisted market.
Use of Proceeds from the IPO
The net proceeds from the IPO will be allocated as follows:
- Repayment and pre-payment of loans linked to the purchase of the Noida factory
- Upgrades and refurbishments at the Noida factory
- IT infrastructure enhancements across Noida and Vasai factories
- Meeting working capital requirements
- General corporate purposes
The allocation of equity shares is structured as follows:
- Qualified Institutional Buyers (QIB): 9,22,800 equity shares
- Non-Institutional Investors (NII): 17,96,400 equity shares
- Retail Individual Investors (RII): 17,96,400 equity shares
- Market Maker: 2,71,200 equity shares
Book Running Lead Manager and Registrar
The Book Running Lead Manager for the IPO is Indorient Financial Services, while KFIN Technologies serves as the registrar for the issue.
Important Dates for ATC Energies IPO
- Anchor Book Opens: March 24, 2025
- Public Subscription Period: March 25-27, 2025
- Share Allotment Date: March 28, 2025
- Proposed Listing Date: April 2, 2025
About ATC Energies System
Established in 2020, ATC Energies System has emerged as a major player in lithium-ion battery solutions, focusing on sustainable energy storage. Initially servicing the banking sector, the company has diversified into electric vehicles, renewable energy, and industrial automation, boasting over 250 clients.
Financial Performance Overview
In FY24, ATC Energies reported:
- Revenue: Rs 5,120.37 lakh
- EBITDA: Rs 1,516.35 lakh
- Profit After Tax (PAT): Rs 1,089.16 lakh
For the period ending September 2024:
- Revenue: Rs 2,249.41 lakh
- EBITDA: Rs 817.82 lakh
- PAT: Rs 577.15 lakh
Conclusion: ATC Energies System’s IPO represents a significant opportunity for investors interested in the burgeoning lithium-ion battery sector. With a strategic allocation of IPO proceeds and a robust growth trajectory, the company is poised for a promising future. Keep an eye on this offering as the subscription period approaches!
Keywords: ATC Energies IPO, lithium-ion battery solutions, NSE Emerge, grey market premium, investment opportunities, renewable energy.
Hashtags: #ATCEnergies #IPO #InvestSmart #LithiumIonBatteries #StockMarket #NSE #EnergySolutions
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