ATC Energies System Ltd IPO
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ATC Energies System Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 54.04 L | ₹ 10.8 L | TBA | ₹ 154.51 L | NSE | ₹ 63.76 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 25 Mar, 25 | 27 Mar, 25 | 1200 | ₹ 1,34,400 | Book Building - SME | 02 Apr, 25 |
ATC Energies System Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Dry Cells |
| Sub Sector | NA |
| Issue Type | Book Building - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 0x | 0 | 0 |
| NII | 0x | 0 | 0 |
| Retail | 0x | 0 | 0 |
| Employee | 0x | 0 | 0 |
| Total | 0x | 5403600 | 0 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
ATC Energies System Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 14.77 | 11.09 | 15.00 |
| EBITDA | 16.01 | 12.21 | 15.66 |
| PAT | 10.49 | 7.78 | 11.86 |
| Total Assets | 42.40 | 32.88 | 28.22 |
| Share Capital | 16.07 | 2.55 | 2.55 |
| Total Borrowings | 7.54 | 8.20 | 10.30 |
| Operating Activities (Net Cash) | 11.73 | 8.90 | 12.52 |
| Investing Activities (Net Cash) | 0.00 | 0.00 | 0.00 |
| Financing Activities (Net Cash) | 7.54 | 8.20 | 10.30 |
| Net Cashflow | 3.10 | 1.56 | 1.71 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About ATC Energies System Ltd
Our Company 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 our 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.
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.
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.
Peer Comparison:
- Eveready Industries India Ltd
- High Energy Batteries (India) Ltd
ATC Energies System Ltd IPO Key Points
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.
Risk
- 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 our profitability.
- We do not have long term contracts or exclusive arrangements with any of our 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 our business and results of operations.
- We are dependent on, and derive a substantial portion of our 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 our business, results of operations and financial condition. The dependency on these two customers may lead to real or potential conflicts of interest for our Company.
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.
- 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.
How To Apply for ATC Energies System Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
