ATC Energies System: ATC Energies System shares get listed at 9% discount!ATC Energies System: ATC Energies System shares get listed at 9% discount!

ATC Energies shares debuted negatively on NSE SME on April 2, 2025, listing at ₹107, down 9.3% from the ₹118 issue price. The IPO, open from March 25-27, had a price band of ₹112-118 per share.

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ATC Energies SME IPO saw modest demand, oversubscribed 1.61 times. Retail investors led with 2.49 times subscription, QIBs subscribed 1.38 times, while NIIs lagged at 0.81 times of their reserved portion.

Founded in 2020, ATC Energies manufactures lithium and li-ion batteries. Operating factories in Vasai, Thane, and Noida across 3,160 sq. mt., it started with mini batteries for banking and now produces diverse battery solutions for multiple industries using advanced technology and quality testing.

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The objective of ATC Energies IPO is to fund working capital requirements, expand manufacturing capabilities, invest in advanced technology, and support general corporate purposes to enhance business growth and market presence.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.