IPO Details
Bidding Dates
25 Mar 25 - 27 Mar 25
Lot Size
1200
Price Range ₹
112 - 118
Exchange Status
NSE
Total Equity
₹ 0.00 Cr
IPO Doc
IPO Timeline
Listing
--
Offer start
25 Mar 2025
Offer end
27 Mar 2025
Allotment
28 Mar 2025
Refund initiation
01 Apr 2025
Demat transfer
01 Apr 2025
Listing
--
Offer start
25 Mar 2025
Offer end
27 Mar 2025
Allotment
28 Mar 2025
Refund initiation
01 Apr 2025
Demat transfer
01 Apr 2025
About Company
Incorporated in 2020, ATC Energies System Limited operates in the energy sector, specializing in energy solutions, products, and services. The company manufactures and supplies efficient, cost-effective lithium and Li-ion batteries, providing integrated energy storage solutions for industries such as banking, automobiles, and other end users. Initially, the company focused on producing mini batteries for the banking industry. Over time, it has expanded its production to manufacture batteries of various sizes, offering customized solutions for different industries and applications through in-house design and engineering. ATC Energies System Limited is headquartered in Mumbai, with manufacturing facilities located in Vasai, Thane, and Noida. These factories are equipped with advanced battery assembly technology, including temperature chambers, welding systems, and testing equipment. The company’s product range serves multiple industries, including banking, where it supplies batteries for POS machines and ATMs; automobiles, with solutions for electric vehicles and two/three-wheelers; and industrial applications, such as UPS systems, energy storage solutions, and weighing scales. As of February 28, 2025, the company employed 81 people, with approximately 33% of the workforce being women.
Year Founded
02-09-2020
Promotor Details
Sandeep Gangabishan Bajoria
Project Details
- Funding the capital expenditure requirement towards IT upgradation at our Noida - 74.69cr
- Funding working capital requirements of our Company - 95cr
- Repayment and/or pre-payment, in full, the borrowing availed by our Company - 95.283cr
- Funding the capital expenditure requirements towards refurbishment, civil and upgradation works - 67.216cr
Objectives
- The Net Proceeds of the Fresh Issue, i.e., Gross Proceeds of the Fresh Issue less the offer expenses apportioned to ourCompany are proposed to be utilised in the following manner:Repayment and/or pre-payment, in full, of the borrowing availed by our Company with respect to purchase of our Noida factory including land and building
- Funding the capital expenditure requirements towards refurbishment, civil and upgradation works at our Noida factory
- Funding the capital expenditure requirement towards IT upgradation at our Noida factory, Vasai factory and our registered office
- Funding working capital requirements of our Company
- General Corporate Purposes
Highlights
- The company is actively expanding its operations to new regions, strengthening its market footprint and customer reach.
- ATC Energies System Limited has demonstrated steady financial growth, with revenue reaching ₹5,120.37 lakh in FY24.
- The company is led by a promoter with 25 years of industry expertise, providing strong strategic direction and industry insights.
- It ensures reliable and efficient lithium batteries through strict quality control measures, enhancing product performance and safety.
- The company offers a wide range of lithium battery solutions, catering to multiple industries such as banking, automobiles, and industrial applications.
Challenges
- The company's dependence on lithium, nickel, and cobalt makes it vulnerable to supply chain disruptions and price volatility.
- A significant portion of key raw materials is sourced from China, exposing the company to potential trade restrictions, geopolitical tensions, and supply delays.
- The absence of long-term contracts with suppliers increases exposure to fluctuating raw material prices, impacting cost stability and profitability.
- A large share of revenue comes from just two major customers, making the company highly dependent on their continued business.
- With over 57% of revenue generated from the banking sector, any downturn in this industry could significantly affect the company's financial performance.
