ATC Energies IPO listed at ₹107 per share on the NSE SME platform, marking a 9.3% discount from its issue price of ₹118 per share. The listing was weaker than expected, as the stock was trading at ₹122 per share in the grey market ahead of its debut. The negative listing indicates lower-than-anticipated investor demand despite prior market optimism.
The ATC Energies IPO received a 1.61x overall subscription, with 42.09 lakh shares offered and 67.87 lakh shares bid for, amounting to ₹80.08 crore. Retail investors showed the highest demand, subscribing 2.49x, bidding for 44.71 lakh shares, with 3,726 applications. Qualified Institutional Buyers (QIBs) subscribed 1.38x, while Non-Institutional Buyers (NIIs) had a lower demand at 0.81x. The Anchor Investors and Market Makers fully subscribed to their allotted portions at 1x each. Despite mixed investor interest, the IPO managed a moderate response overall.
ATC Energies IPO had a weak listing at ₹107, 9.32% below its issue price of ₹118. Despite a GMP of ₹4, which suggested an expected 3.39% gain, the stock debuted lower than projections, indicating weaker-than-anticipated market sentiment.
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Details About ATC Energies IPO
ATC Energies System Limited, established in 2020, specializes in advanced lithium-ion battery solutions for industries like banking, automotive, and industrial applications. Initially focused on mini-sized batteries for POS machines and ATMs, the company has expanded into electric vehicle batteries, UPS systems, and weighing scale solutions. With state-of-the-art manufacturing facilities in Vasai, Thane, and Noida, the company ensures high-quality assembly, testing, and innovation.
The company launched its IPO with a book-built issue of ₹63.76 crores, including a fresh issue of ₹51.02 crores and an offer for sale of 10.80 lakh equity shares. The price band was set between ₹112 to ₹118 per share, with 35% reserved for retail investors, 50% for QIBs, and 15% for HNIs. The allotment was expected on March 28, 2025, and the stock was listed on the NSE SME platform on April 2, 2025. With a strong focus on affordability, efficiency, and sustainability, ATC Energies continues to expand its market presence with innovative and cost-effective energy storage solutions.
ATC Energies IPO’s Funds Deployment
- Loan Repayment: Clearing debt taken for acquiring the Noida factory.
- Factory Upgrades: Refurbishing, civil work, and enhancements at the Noida facility.
- IT Infrastructure: Upgrading IT systems at Noida, Vasai factories, and the registered office.
- Working Capital: Supporting day-to-day operational needs.
- General Corporate Purposes.
ATC Energies Financial Performance
ATC Energies has shown consistent financial growth over the years. As of September 30, 2024, the company’s total assets stood at ₹71.82 crore, up from ₹50 crore in March 2024 and ₹40.72 crore in March 2023. Total revenue for the half-year period reached ₹22.57 crore, compared to ₹51.51 crore for the entire FY24. Net profit was ₹5.77 crore for the six-month period, following ₹10.89 crore in FY24 and ₹7.76 crore in FY23. Shareholders’ equity increased to ₹38.87 crore, while retained earnings rose to ₹22.81 crore. However, the company’s total debt surged to ₹24.26 crore, indicating higher financial leverage compared to previous years.