ATC Energies System Ltd

ATC Energies System Ltd IPO

IPO Price Range: ₹112 - 118

ATC Energies System Limited, incorporated in September 2020, is dedicated to providing efficient and affordable lithium and li-ion batteries. With factories in Vasai, Thane, and Noida, NCR, the Company utilizes advanced technology and quality testing infrastructure over a combined area of 3,160 sq. mt. Mr. Sandeep Bajoria, a first-generation entrepreneur with 25 years of experience, leads the company. Initially supplying mini batteries for the banking industry, ATC Energies has expanded its product range to include batteries of all sizes for various industries. The Company adheres to strict safety and quality standards, holding multiple ISO certifications and RoHS compliance.

Min Investment

₹1,41,600

IPO Size

₹63 Cr

IPO Status

Closed

Quantity in 1 Lot

1200

Max Bid allowed

1

Listing Exchange

NSE

IPO Application Timeline of ATC Energies System Ltd

passed
Open Date25 Mar 2025
passed
Close Date27 Mar 2025
passed
Allotment Date28 Mar 2025
passed
Listing Date2 Apr 2025

IPO subscribed over

🚀 1.5753x

This IPO has been subscribed by 2.489x in retail and 1.3833x in QIB.

Subscription Rate

Total Subscription1.5753x
Retail Individual Investors2.489x
Qualified Institutional Buyers1.3833x
Non Institutional Investors0.9653x

Key Statistics

Bid Opening DateBid Opening Date25 Mar 2025
Bid Closing DateBid Closing Date27 Mar 2025
Allotment DateAllotment Date28 Mar 2025
Issue SizeIssue Size₹63.76Cr
Quantity in 1 lotQuantity in 1 lot1200

Strengths and Risks of ATC Energies System Ltd IPO

Strengths

Strengths

  • Diversified Product Portfolio catering to a wide range of industries / end use applications.

  • In-house Designing Capabilities using advanced machines and manpower.

  • Focus on Quality Compliance, Control and Quality Standards.

  • Experienced Leadership team.


Risks

Risks

  • The lithium battery industry is vulnerable to supply chain disruptions caused by its reliance on a few critical raw materials like lithium, nickel, cobalt, graphite, and manganese, which, if disrupted, can lead to shortages and higher costs and adversely impact its profitability.

  • The company does not have long term contracts or exclusive arrangements with any of its suppliers, and a significant increase in the cost of, or a shortfall in the availability, or deterioration in the quality, of such input materials could have an adverse effect on its business and results of operations.

  • The company is dependent on, and derives a substantial portion of its revenue from, two customers, namely M/s Agarwal Trading Company and M/s. Hind Industries - both categorised as Promoter Group entities. Reduction in orders from these customers could have a material adverse effect on its business, results of operations and financial condition. The dependency on these two customers may lead to real or potential conflicts of interest for the Company.

  • The company has had negative cash flows in the past and may have negative cash flows in the future.

  • The company is significantly reliant on the banking industry for sale of its products.

  • Heavy dependence on raw material imports from China poses a substantial risk for it, as disruptions due to political tensions or trade disputes can lead to supply chain interruptions, quality control issues, and heightened competition, which could adversely affect its business, results of operations and financial condition.

  • The loss of any of its key customers or significant reduction in production and sales of, or demand for the company products from its significant customers may adversely affect the company business, results of operations and financial condition.

  • The company has in past entered into related party transactions and its may continue to do so in the future.

  • Its Promoter is interested in the Company in the form of rental income from leasing of 5 factory units at Vasai in addition to provision of interest free unsecured loan.

  • If there is a decline in demand for the products where its batteries are used, it could significantly decrease the demand of its products and thereby affect the company business, financial condition, results of operations.

Frequently Asked Questions of ATC Energies System Ltd IPO

  • What is the size of the ATC Energies System Ltd IPO?

    The size of the ATC Energies System Ltd IPO is ₹63.76Cr .

  • What is 'pre-apply' for ATC Energies System Ltd IPO?

    'Pre-apply' for ATC Energies System Ltd IPO indicates your interest in the IPO before it opens for subscription. This ensures quick application when the IPO goes live.

  • When will my ATC Energies System Ltd IPO order be placed?

    Your ATC Energies System Ltd IPO order will be placed on 25 Mar 2025.

  • What are the open and close dates of the ATC Energies System Ltd IPO?

    The open and close dates of the ATC Energies System Ltd IPO are 25 Mar 2025 to 27 Mar 2025.

  • What is the lot size and minimum order quantity of the ATC Energies System Ltd IPO?

    The lot size and minimum order quantity of the ATC Energies System Ltd IPO are 1200 and 1200 respectively.

  • What would be the listing gains on the ATC Energies System Ltd IPO?

    The potential listing gains on the ATC Energies System Ltd IPO will depend on various market factors and cannot be predicted with certainty.