March 21, 2025
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What was the last grey market premium of ATC Energies Systems IPO?
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Subscription status of ATC Energies Systems IPO
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ATC Energies Systems IPO Price Rs. _118 Lot 1200 shares, Rs. Crore |
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| QIB | NII x | RII x | Total x | Applications |
| Amount wise bids recd. Rs. ? Crore | ||||
| Note: | ||||
ATC Energies Systems Allotment Link:
What is the business of ATC Energies Systems?
Founded in 2020, ATC Energies System Limited is a dynamic player in the energy sector, specializing in the production and supply of efficient, low-cost lithium and Li-ion batteries. The company provides integrated energy storage solutions to a diverse range of industries, including banking, automotive, and various other sectors.
Initially focused on supplying mini batteries for the banking industry, ATC Energies has since expanded its product range to include batteries of all sizes, tailored to meet the specific needs of different industries. This growth is driven by the company’s in-house design and engineering capabilities, which allow for the creation of customized solutions for various applications.
Headquartered in Mumbai, ATC Energies operates state-of-the-art manufacturing facilities in Vasai, Thane, and Noida. These factories are equipped with advanced battery assembly technology, including temperature chambers, welding systems, and testing equipment to ensure product quality and performance.
Product Offerings:
- Banking: POS machines, ATMs
- Automotive: Electric vehicles, two-wheelers, and three-wheelers
- Industrial: UPS systems, energy storage solutions, and weighing scales
As of February 28, 2025, the company employs 81 people, with approximately 33% of its workforce comprising women.
Get more information about the company @ http://www.atcgroup.co/
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ATC Energies Systems IPO Details |
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| IPO opens on | 25 March 2025 |
| IPO closes on | 27 March 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 5403600 Shares / Rs 63.76 Crore |
| * Fresh Issue | 4323600Shares / Rs 51.02 Crore |
| * Offer for Sale – | 1080000 shares / Rs.12.74 crore |
| Market Maker Portion | 271200 Shares |
| Net offer to Public | 5132400 Shares/ Rs 60.56 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 112-118 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1200 Shares |
| Listing will at | NSE SME |
Shares offered in IPO |
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| Shares | Rs. (Crore) | |
| QIB (30%) | 1539720 | 18.16 |
| HNI (35%) | 1796340 | 21.20 |
| RII (35%) | 1796340 | 21.20 |
| Total Shares | 5132400 | 60.56 |
| Retail portion will be oversubscribed by |
1496 | |
| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | 1200 Shares | Rs.141600 |
| Min HNI Application | 2400 Shares | Rs. 283200 |
Who are the Promoters of ATC Energies Systems?
Sandeep Gangabishan Bajoria is the promoter of the company.
What are the Objects of ATC Energies Systems IPO?
The Company proposes to utilize the Net Proceeds from Issue towards funding the following objects:
- Repayment and/or pre-payment, in full, the borrowing availed by the Company with respect to purchase of the Noida factory
- Funding the capital expenditure requirements towards refurbishment, civil and upgradation works at the Noida factory
- Funding the capital expenditure requirement towards IT upgradation at the Noida factory and Vasai factory and the registered office
- Funding working capital requirements of the Company
- General Corporate Purposes
Tentative timetable |
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| IPO opens on | 25 March 2025 |
| IPO Closes on | 27 March 2025 |
| IPO Allotment on | 28 March 2025 |
| Refund Initiation | 1 April 2025 |
| Credit of Shares | 1 April 2025 |
| Listing on | 2 April 2025 |
| Registered Office of the Company ATC Energies System Limited Unit No. 3, Plot No. 33, New India Industrial Estate, Mahal IN AR, Off MC Rd., Andheri East, Mumbai 400093 |
| Who is the Lead Manager of this IPO? Indorient Financial Services ltd |
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Who is the Registrar to IPO? Kfin Technologies Ltd |
ATC Energies Systems IPO GMP grey market premium, review, Subscription, allotment, listing estimate
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ATC Energies Systems IPO Financial & Analytical Ratios |
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| Year | Total Income |
Net Profit |
EPS | RoNW |
| Rs.in Crore | Rs.in Crore | Rs. | % | |
| 2021-22 | 36.52 | 11.86 | – | |
| 2022-23 | 33.22 | 7.76 | – | |
| 2023-24 | 51.51 | 10.89 | 6.78 | 39.38 |
| Book Value of the Share on 31.03.2024 |
– | |||
| BV of the Share at cap price after IPO |
Rs. | |||
| Offer Price/upper band | Rs. | 118 | ||
Key Performance
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| Price/EPS of 23-24 | 17.40 |
| Price/BV Ratio | 5.73 |
| Debt/Equity Ratio | 0.32 |
How ATC Energies Systems IPO compares with the Peers?
| As per RHP | FV | Price to | PE |
| Book Value | Ratio | ||
| ATC Energies Systems | 5.73 | 17.40 | |
| Eveready Industries | 6.25 | 36.08 | |
| High Energy Batteries | 5.12 | 26.00 | |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
ATC Energies Systems IPO Review by Paresh Gordhandas, CA & Research Analyst.
Founded in 2020, ATC Energies System Limited is a dynamic player in the energy sector, specializing in the production and supply of efficient, low-cost lithium and Li-ion batteries. The company provides integrated energy storage solutions to a diverse range of industries, including banking, automotive, and various other sectors.
Initially focused on supplying mini batteries for the banking industry.
The company has shown impressive profitability and the shares are offered at reasonable valuation. However, the company has very high Inventory+ trade receivables compared to its total income. (Rs. 46.29 crore as compared to total income of Rs. 22.49 Crore in the first 6 months of the current year) Deep scrutiny of the age of the receivables and inventory may be necessary. In the month of January 2024, there has been a change of the statutory auditors of the company.
The size of the IPO is somewhat large. With 1496 applications, the retail portion can get one time subscribed.
+ from fundamental angle: So-so.
+ from grey market angle: ?
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