ATC Energies IPO to make its debut today. Check GMP ahead of listing

Contrary to another IPO of Shri Ahimsa, which opened on the same day, ATC Energies System's offering received a muted subscription from investors. However, the company's shares will debut on the NSE SME platform today. The GMP ahead of the listing is around 3%.

Net proceeds to the tune of Rs 64 crore will be used for repayment of debt, funding capex requirements, working capital and general corporate purposes.The issue, which included a fresh equity sale and an offer for sale, was subscribed just over 1x. On the other hand, the public offer of Shri Ahimsa was booked over 60 times.



ATC Energies produces and supplies lithium-ion batteries, offering efficient and cost-effective energy storage solutions for industries such as banking and automobiles.It operates factories in Vasai, Thane, and Noida, equipped with advanced machinery, an integrated development and assembly system, and quality testing facilities across a total area of about 3,160 sq meters. These facilities manufacture both customized and standard lithium batteries.

The company's promoter, a first-generation entrepreneur with over 25 years of experience in chemical, electrical, and industrial equipment sectors, started by trading in equipment. Over time, leveraging industry knowledge and customer networks, he established a manufacturing unit for lithium-ion batteries.Initially, the company focused on producing mini-size batteries (up to 100Wh) for the banking industry, primarily for POS and ATM machines.

Over the years, it expanded its product range to include batteries of all sizes—large (above 2,000Wh), medium (751-2,000Wh), small (101-750Wh), and mini—serving various industries and applications.An in-house team handles product design, engineering, and customization to meet specific customer needs. The company ensures that its batteries are tailored to suit different end-use applications.

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