ATC Energies System Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹118
Per ShareLot Size
1200 Shares
Minimum Investment
₹1,41,600
Issue Size
₹63.76 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35%
QIB Quota
30%
NII Quota
35%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
ATC Energies System Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
96.18%
Promoter Holding (Post-Issue)
70.49%
Issue Type
Book Building - SME
ISIN
INE0V0Q01019
About the Company
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.
Industry Overview
The lithium-ion battery industry is experiencing rapid growth, revolutionizing power sources from electric vehicles to consumer electronics. The global market for these batteries surged to an estimated USD 64.8 billion in 2023 from USD 40 billion in 2019, reflecting a compound annual growth rate (CAGR) of 13%. The market is projected to continue its exponential expansion, reaching over USD 146 billion by 2028, with a projected CAGR of 17.6%. This impressive growth trajectory highlights the critical role of lithium-ion batteries in advancing the clean energy transition and shaping the future of energy.
Company History
ATC Energies System Limited was incorporated as `ATC Energies System Private Limited' a private limited company under the Companies Act, 2013, pursuant to the certificate of incorporation issued by the RoC on September 2, 2020. The name of the Company was subsequently changed to `ATC Energies System Limited', upon conversion into a public company, pursuant to a board resolution dated February 20, 2024 and a shareholder resolution dated February 21, 2024, and a fresh certificate of change of name was issued on May 1, 2024 by the Registrar of Companies, CPC.
Products & Services
- ATC Energies System Limited is dedicated to providing efficient and affordable lithium and li-ion batteries.
Growth Strategy
- Expand scale of business operations and improving operational efficiencies.
- Expand geographical footprint.
- New inclusions in company's product portfolio.
- Widening key customer base by focusing on marketing.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY23 to FY25.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offering of up to 54,03,600 equity shares of face value of Rs. 10/- each ("Equity Shares") of the company for cash at a price of Rs. 118 per equity share (including a Share Premium of Rs. 108 per equity Share) ("Offer Price") aggregating up to Rs. 63.76 crores (the "Offer") comprising a fresh issue of up to 43,23,600 equity shares of face value Rs. 10/- each aggregating up to Rs. 51.02 crores by the company (the "Fresh Issue") and an offer for sale of up to 10,80,000 equity shares (the "Offered Shares") by Sandeep Gangabishan Bajoria aggregating up to Rs. 12.74 crores (the "Selling Shareholder", and such equity shares offered by the selling shareholder, the "Offered Shares") (such offer for sale by the selling shareholder, the "Offer for Sale" and together with the fresh issue, "the Offer"). The offer will constitute 26.50 % of the post-offer paid-up equity share capital of the company. The offer includes up to 2,71,200 equity shares of face value of Rs. 10/- each at an offer price of Rs. 118 per equity share for cash, aggregating Rs. 3.20 crores which will be reserved for subscription by the market maker to the offer (the "Market Maker Reservation Portion"). The offer less market marketmaker reservation portion i.e. offer of upto 51,32,400 equity shares of face value of Rs. 10/- each, at an offer price of Rs. 118 per equity share for cash, aggregating up to Rs. 60.56 crores is hereinafter reffered to as the "Net Offer". The offer and net offer will constitute 26.50 % and 25.17 %.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- 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.
- 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.