ATC Energies IPO is set to open on March 25, 2025, and will close on March 27, 2025. This Book Built Issue IPO aims to raise approximately ₹63.76 crores, comprising a fresh issue of ₹51.02 crores and an offer for sale (OFS) of up to 10,80,000 equity shares. The ATC Energies IPO price band is set between ₹112 to ₹118 per share, offering investors an opportunity to participate in a company with strong financial growth. The IPO allotment date is scheduled for March 28, 2025, and the listing on NSE is expected on April 2, 2025. The IPO has a retail quota of 35%, QIB at 50%, and HNI at 15%.
The financial performance of ATC Energies has been impressive, with revenue increasing to ₹51.51 crores in 2024, compared to ₹33.22 crores in 2023. The company’s profit also surged to ₹10.89 crores in 2024, up from ₹7.76 crores in 2023, reflecting a strong upward trajectory. These financial indicators suggest that ATC Energies IPO could be a promising investment, particularly for long-term investors. Considering the company’s steady revenue and profit growth, analysts believe that this IPO offers a solid opportunity for investors seeking potential gains in the energy sector.
ATC Energies IPO Date & Price Band Details
| Category | Details |
|---|---|
| IPO Open Date: | March 25, 2025 |
| IPO Close Date: | March 27, 2025 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹112 to ₹118 Per Share |
| Issue Size: | Approx ₹63.76 Crores |
| Fresh Issue: | Approx ₹51.02 Crores |
| Offer for Sale: | Approx 10,80,000 Equity Shares |
| Issue Type: | Book Built Issue |
| IPO Listing: | NSE SME |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
ATC Energies: Company Overview, Strengths, and Risks
ATC Energies System Limited, established in September 2020, specializes in the production and supply of efficient and cost-effective lithium-ion batteries. The company operates manufacturing facilities in Vasai (Thane) and Noida (NCR), covering a combined area of approximately 3,160 square meters. These facilities are equipped with advanced technology and quality testing infrastructure to ensure high-quality battery production.
Company Overview
Initially, ATC Energies focused on producing mini-sized batteries (up to 100Wh) primarily for the banking industry, serving applications such as POS and ATM machines. Over time, the company expanded its product range to include small (101–750Wh), medium (751–2,000Wh), and large (above 2,000Wh) batteries, catering to diverse industries including agriculture, LED lighting, medical equipment, and oil & gas testing equipment.
The company is led by Mr. Sandeep Bajoria, a first-generation entrepreneur with over 25 years of experience in chemicals, electricals, and industrial equipment. Under his leadership, ATC Energies has grown from serving a single industry in 2020 to delivering products to ten different industries by 2024.
Strengths
- Diversified Product Portfolio: ATC Energies offers a wide range of lithium-ion batteries, catering to various industries and applications, which reduces dependency on a single market segment.
- In-house Designing Capabilities: The company utilizes advanced machinery and skilled manpower for in-house design, allowing for customized solutions and rapid innovation.
- Focus on Quality Compliance: Holding multiple ISO certifications and RoHS compliance, ATC Energies emphasizes strict adherence to safety and quality standards.
- Experienced Leadership: The leadership team’s extensive experience contributes to strategic decision-making and industry insight, fostering company growth.
Risks
- Supply Chain Vulnerabilities: The lithium battery industry relies heavily on critical raw materials like lithium, nickel, cobalt, graphite, and manganese. Disruptions in the supply of these materials can lead to shortages and increased costs, adversely affecting profitability.
- Supplier Dependence: ATC Energies does not have long-term contracts or exclusive arrangements with suppliers. Significant increases in input material costs, shortages, or quality issues could negatively impact operations and financial results.
- Customer Concentration: A substantial portion of revenue is derived from two customers, M/s Agarwal Trading Company and M/s Hind Industries, both categorized as promoter group entities. Reduction in orders from these customers could materially affect the company’s business and financial condition, potentially leading to conflicts of interest.
Strategic Initiatives
To mitigate risks and capitalize on growth opportunities, ATC Energies plans to:
- Expand Business Operations: Increase the scale of operations and improve operational efficiencies to meet growing demand.
- Widen Geographical Footprint: Explore new markets to diversify revenue streams and reduce dependency on specific regions.
- Enhance Product Portfolio: Introduce new products to meet evolving customer needs and industry trends.
- Broaden Customer Base: Focus on marketing efforts to attract new customers and reduce reliance on a limited number of clients.
By leveraging its strengths and addressing potential risks through strategic initiatives, ATC Energies System Limited aims to solidify its position in the rapidly growing lithium-ion battery industry.
ATC Energies IPO Market Lot
The ATC Energies IPO has set its minimum market lot at 1,200 shares, requiring investors to apply with a minimum investment of ₹1,41,600. This means that retail investors need to purchase at least 1,200 shares to participate in the ATC Energies IPO.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 1200 | ₹1,41,600 |
| Retail Maximum | 1 | 1200 | ₹1,41,600 |
| S-HNI Minimum | 2 | 2400 | ₹2,83,200 |
ATC Energies IPO Allotment & Listing Dates
ATC Energies IPO is set to open for subscription on March 25, 2025, and will close on March 27, 2025. Investors eagerly waiting for this IPO can apply within these dates to grab an opportunity in this offering. The ATC Energies IPO allotment is scheduled to be finalized on March 28, 2025, ensuring a swift process for investors to know their allocation status. Following the allotment, the much-anticipated ATC Energies IPO listing will take place on April 2, 2025, on the stock exchange. With strong market interest, this IPO is expected to generate significant traction.
| Type | Date |
|---|---|
| IPO Open Date: | March 25, 2025 |
| IPO Close Date: | March 27, 2025 |
| Basis of Allotment: | March 28, 2025 |
| Refunds: | April 1, 2025 |
| Credit to Demat Account: | April 1, 2025 |
| IPO Listing Date: | April 2, 2025 |
ATC Energies IPO: Promoters
The promoters of the company is Sandeep Gangabishan Bajoria.
ATC Energies IPO Company Financial Report
ATC Energies IPO has shown impressive financial growth in recent years, making it a promising investment opportunity. The company reported revenue of ₹51.51 crores in 2024, marking a significant increase compared to ₹33.22 crores in 2023. This strong revenue growth highlights the company’s expanding market presence and business performance. Additionally, ATC Energies IPO reported a profit of ₹10.89 crores in 2024, up from ₹7.76 crores in 2023, reflecting a steady rise in profitability.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
|---|---|---|---|---|
| 2022 | ₹36.52 | ₹22.18 | ₹11.86 | ₹36.05 |
| 2023 | ₹33.22 | ₹23.27 | ₹7.76 | ₹40.72 |
| 2024 | ₹51.51 | ₹37.93 | ₹10.89 | ₹50.00 |
| September 2024 | ₹22.57 | ₹15.67 | ₹5.77 | ₹71.82 |
ATC Energies IPO Valuation – FY2024
| KPI | Values |
|---|---|
| ROE: | 39.38% |
| ROCE: | 42.66% |
| EBITDA Margin: | 29.61% |
| PAT Margin: | 21.27% |
| Debt to equity ratio: | 0.32 |
| Earning Per Share (EPS): | ₹6.78 (Basic) |
| Price/Earning P/E Ratio: | NA |
| Return on Net Worth (RoNW): | 39.38% |
| Net Asset Value (NAV): | ₹20.60 |
ATC Energies Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Eveready Industries India Limited | 9.18 | 36.08 | 18.91 | 53.20 | – Cr. |
| High Energy Batteries India Limited | 19.14 | 26.00 | 21.29 | 97.85 | – Cr. |
ATC Energies IPO: Key Objectives of the Issue
The ATC Energies IPO aims to raise funds for various strategic initiatives that will drive the company’s growth and operational efficiency. The key objects of the issue include:
- Repayment and/or Pre-payment of Borrowings – The funds will be utilized to repay or pre-pay loans taken for the purchase of the Noida factory, strengthening the company’s financial position.
- Capital Expenditure for Factory Upgradation – The company plans to invest in refurbishment, civil, and upgradation works at the Noida factory, enhancing production capabilities and efficiency.
- IT Upgradation – A portion of the IPO proceeds will be allocated to IT infrastructure improvements at the Noida factory, Vasai factory, and the registered office, ensuring better automation and digital transformation.
- Working Capital Requirements – The IPO will support the company’s working capital needs, enabling seamless operations and business expansion.
- General Corporate Purposes – Remaining funds will be used for corporate growth initiatives, business expansion, and operational enhancements.
With the ATC Energies IPO, the company aims to strengthen its infrastructure, enhance production efficiency, and optimize financial stability, making it a promising opportunity for investors.
ATC Energies IPO Review
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ATC Energies IPO Registrar
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: aesl.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
ATC Energies IPO Lead Managers aka Merchant Bankers
- Indorient Financial Services Ltd
ATC Energies Company Address
ATC Energies System Limited
Unit No. 3, Plot No. 33,
New India Industrial Estate, Mahal IN AR,
Off MC Rd., Andheri East, Mumbai 400093
Phone: +91 7208878270
Email: cs@atcgroup.co
Website: http://www.atcgroup.co/
FAQs on ATC Energies IPO
ATC Energies IPO is a Book Built Issue IPO aiming to raise approximately ₹63.76 crores.
It comprises a fresh issue of ₹51.02 crores and an offer for sale (OFS) of up to 10,80,000 equity shares.
The company specializes in the production and supply of lithium-ion batteries.
IPO Open Date: March 25, 2025
IPO Close Date: March 27, 2025
Allotment Date: March 28, 2025
Listing Date: April 2, 2025
The price band is set between ₹112 to ₹118 per equity share.
The minimum market lot is 1,200 shares, requiring a minimum investment of ₹1,41,600.
ATC Energies specializes in the production and supply of efficient and cost-effective lithium-ion batteries.
The company provides batteries for many industries.
Revenue increased to ₹51.51 crores in 2024 from ₹33.22 crores in 2023.
Profit surged to ₹10.89 crores in 2024 from ₹7.76 crores in 2023.
The company has shown strong growth in assets.
Repayment of borrowings.
Capital expenditure for factory upgrades.
IT infrastructure upgrades.
Working capital requirements.
General corporate purposes.
Supply chain vulnerabilities related to raw materials.
Supplier dependence.
Customer concentration.
The ATC Energies IPO will be listed on the NSE SME.
KFin Technologies Limited is the registrar.
Disclaimer: This information is for general knowledge and informational purposes only and does not constitute financial, investment, or other professional advice.
