ATC Energies IPO: Price, Details, And GMP

ATC Energies IPO-Complete Overview

ATC Energies IPO under the SME IPO category is a book-build issue of Rs.63.76 Cr by ATC Energies System Limited which was incorporated in 2020. The energy industry is primarily oriented towards the provision of solutions, products, and services concerning energy.

It designs, manufactures, and supplies energy-efficient, competitively-sold lithium and Li-ion batteries with integrated energy storage solutions for various industries, including banking, automotive, and other end-users.

The company commenced production by making mini batteries for banking applications and is now capable of manufacturing batteries of any size; these batteries can further be customized for various industries and applications through in-house design and engineering.

Mumbai is the registered office; Vasai, Thane, and Noida are the factories. Modern battery assembly facilities, including temperature chambers, welding systems, and testers, are available in these factories.

Products: The company has products serving various industries

Banking: POS machines, ATMs

Automobiles: Electric vehicles, two/three-wheelers

Industrial UPS, Energy storage systems, Weighing scales.

 

ATC Energies IPO Overview

This ATC Energies IPO date is on 25 Mar 2025, and its ‘initial public offering’ will end on 27 Mar 2025. 

The Rs.63.76 crore new SME IPO comprises a combination of a fresh issue of 43.24 lakh Shares (Rs.51.02 Cr) and an offer for sale (OFS) of 10.80 lac Shares (Rs.12.74 Cr).

This upcoming IPO date is from Mar 25 to Mar 27, 2025. ATC Energies IPO price is Rs.112 to Rs.118 for each Share. 

The expected ATC Energies IPO listing date is Wednesday, 02 April 2025, and listing at NSE and SME.

Click to open demat account and apply for the IPO.

Company Financial

(Amount in Lac)

 

Cash Flows

(Amount in lac)

 

Revenue Breakdown Based on Batteries Size

(Amount in lac)

 

Sales-wise Revenue Breakdown  

(Amount in lac)

 

Industry-wise Revenue Breakdown

(Amount in lac)

(Source: RHP)

 

The Objective of the Issue

The company desires to use the Net Proceeds from the Issue to fulfill its following goals:

• Full repayment and/or upfront payment of the loan that the business obtained to buy the Noida factory

• Paying for the necessary capital expenditures for the Noida factory's renovation, civil work, and upgrades

•  Paying for the necessary capital expenditures for IT upgrades at the registered office, the factories in Noida and Vasai

• Meeting the company's working capital needs

• General corporate purposes.
  
  

Click for the IPO application status check. 

Peers of ATC Energies Ltd.

 

Evaluation

The ATC Energies System Limited IPO price is Rs.112 to Rs.118 for each Share.

Evaluation of P/E Ratio

Considering the FY ended 31 Mar 2024 with an EPS of Rs.6.78 from the last year, the resulting P/E ratio is 17.40x.

Considering the weighted EPS of Rs.6.23 for the last three years, the P/E ratio is 18.94x.

Comparative Analysis With Listed Peers

The average P/E Ratio of the industry is 31.04.

In simple words, the P/E ratio of this IPO (17.40x), compared with the industry’s average P/E of 31.04x, has an undervaluation (on a P/E ratio basis only). Hence the price of the Share seems fully priced for the investors when considered based on the average P/E ratio of the industry.

 

IPO's Strengths

• There exist different products that fulfill the different needs of industry or end-use applications and provide varied solutions.

• They are quality and performance-driven.

• Experienced leadership team and workforce.

• Financial performance is stable.

 

IPO’s Weaknesses

• Revenue is generated mostly from two customers, M/s Agarwal Trading Company and M/s Hind Industries. Orders from these key customers are important and a decline can be detrimental to the business and its finances. 

• The business requires imports from China for raw materials. Political tensions like trade disputes or policy changes between China and India could lead to supply chain disruptions and affect operations and profit margins. 

• The company has primary operational locations in Vasai and Noida. Any type of economic slowdown, shutdown, or disruption due to natural events, machinery failure, labor stoppages, or pandemics can cripple business operations and profits.

 

ATC Energies IPO GMP

SME IPO GMP is Rs.0 as of 24 Mar 2025. Hence, the ATC Energies IPO listing price (estimated) is Rs.118.

IPO Timetable (Tentative)

The IPO opening date is from March 25 to March 27, 2025, with allotment on March 28, refund initiation on April 01, and listing on Apr 02, 2025.

 

ATC Energies IPO Details 

The IPO with a Face Value of Rs.10 per share offers a total issue size of 54,03,600 Shares (Rs.63.76 Cr).

IPO Lot Details 

The IPO allows retail investors to invest in a minimum and maximum of 1 Lot (1200 Shares) amounting to Rs.1,41,600 and in multiples thereof, while for HNI investors, the minimum Lot is 2 (2400 Shares) amounting to Rs.2,83,200.

 

IPO Reservation (% of Net Issue)

 

Promoters And Management of ATC Energies Ltd.

• Sandeep Gangabishan Bajoria.

 

IPO Lead Managers

• Indorient Financial Services Ltd.
  
  

Dividend Policy

The company has not paid dividends in the last three fiscals.

Conclusion

The company has an established leadership team and competent finances, and they are growing within the lithium battery and energy solution industry. The ATC Energies IPO seems fair in comparison to the competition with their P/E ratio near 17-19x.

 

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Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

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To Read the Prospectus of the Company Click Here to Download the DRHP.

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DISCLAIMER: This blog is NOT any buy or sell recommendation. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions. The author does NOT through this blog intend to involve readers in any investment or trading activities.