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ATC Energies IPO
ATC Energies System Ltd
₹1,34,400 /1200 sharesMinimum Investment
ATC Energies IPO Listing Details
| Listed On | Issue Price | Listing Price | Listing Gains |
|---|---|---|---|
| -- | ₹118.00 | ₹107.00 | -₹11.00 (9.32%) |
ATC Energies IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 25 Mar ‘25 - 27 Mar ‘25 | ₹1,34,400 | 1,200 | ₹112 - ₹118 |
| Issue Size | IPO Doc |
|---|---|
| 63.76Cr | RHP PDF |
Subscription rate
As of 27 Mar'25, 05:00 PM
| Qualified Institutional Buyers | 1.38x |
| Non-Institutional Investor | 0.97x |
| Retail Individual Investor | 2.46x |
| Total | 1.56x |
About ATC Energies
Founded in
2020
Managing director
Mr Sandeep Gangabishan Bajoria
Parent organisation
ATC Energies System Ltd
Strengths & Financials of ATC Energies
Strengths
Risks
ATC Energies offers a wide range of energy storage solutions, catering to various industries such as automotive, renewable energy, and industrial applications.
The company claims to have state-of-the-art manufacturing facilities equipped with modern technology to ensure high production efficiency and quality control. These facilities reportedly enable the company to manufacture a broad spectrum of battery products while maintaining stringent quality standards.
ATC Energies is ISO 9001:2015 certified for quality management systems, ISO 14001:2015 certified for environmental management systems, and ISO 45001:2018 certified for occupational health and safety management. The company also holds the Restriction on Hazardous Substances (RoHS) certification.
The company claims to integrate environmental, social, and governance (ESG) principles into its operations. It reportedly focuses on energy-efficient manufacturing processes and waste reduction initiatives.
The company's top 10 customers contributed Rs 21.31 crore (94.75%), Rs 47.58 crore (92.90%), Rs 30.67 crore (92.60%), and Rs 36.13 crore (99.00%) to the order book for the periods ending September 30, 2024, FY24, FY23, and FY22, respectively. Failure to retain these key customers, expand the customer base, or lose business from these clients can adversely affect the company’s business and financial standing.
The company imports 100% of its lithium cell requirements. Changes in government policies, trade restrictions, or supply chain disruptions could lead to increased costs or shortages, adversely affecting production and profitability.
A substantial portion of ATC Energies’ revenue is derived from sales to the banking industry. For the six months ending September 30, 2024, approximately 57% of the company’s revenue was attributable to the banking sector. In FY24, FY23, and FY22, revenue from the banking industry accounted for approximately 58%, 70%, and 92%, respectively. Any significant reduction in demand from this sector could materially impact the company’s financial performance and overall business stability.
Lithium battery production and disposal are subject to stringent environmental regulations. Any changes in compliance requirements, stricter environmental laws, or increased regulatory scrutiny could lead to additional costs or operational restrictions.
As of March 3, 2025, the company had outstanding financial indebtedness of Rs 27.73 crore. Any failure to service or repay these loans can harm the company’s operations and financial position.
The company generated negative cash flows from operating activities amounting to Rs 1.11 crore for the period ending November 30, 2024. It also generated negative cash flows from investing activities amounting to Rs 13.10 crore, Rs 0.74 crore, Rs 0.86 crore, Rs 8.01 crore in the period ended September 30, 2024, FY24, FY23, and FY22 respectively. Further, the company generated negative cash flows from financing activities of Rs 0.71 crore and Rs 1.75 crore for FY23 and FY22, respectively. Any inability to effectively manage cash outflows in the future may adversely impact the company’s business and financial condition.
The company has delayed in filing GST returns and EPF payments. Any penalties or regulatory actions could adversely impact the company’s business, financial condition, and results of operations.
ATC Energies Financials
*All values are in Rs. Cr
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Application Details of ATC Energies IPO
| Apply as | Price band | Apply upto |
|---|---|---|
| Regular | ₹112 - 118 | ₹2 - 5 Lakh |
| High Networth Individual | ₹112 - 118 | ₹2 - 5 Lakh |
For ATC Energies IPO, eligible investors can apply as Regular.