ATC Energies IPO GMP Jumps As Issue Opens For Subscription; Check Day 1 Subscription Status

The initial public offering of ATC Energies System Ltd. opened for subscription on Tuesday, Mar. 25. The company offering energy solutions such as batteries to industries, including banking and automobiles, aims to raise nearly Rs 64 crore through the public offer of shares.

The latest grey market premium indicates a favorable listing for the energy solutions company. The GMP saw a stark increase on Day 1, considering it was Rs 0 in the previous few days.

Here's all you need to know about the ATC Energies System IPO including the latest grey market premium, subscription status, price band, offer size and more.

ATC Energies IPO is a book-built issue of Rs 63.76 crore comprising a fresh issue of 43.24 lakh shares worth Rs 51.02 crore and an offer for sale of 10.80 lakh shares worth Rs 12.74 crores. The price band for the IPO is set between Rs 112 to Rs 118 per share.

Retail investors may participate in the IPO with a minimum lot size of 1,200 shares, requiring an investment of Rs 1,41,600. 

The IPO’s subscription window will be open from Mar. 25 to Mar. 27. The allotment of shares in the offer is proposed to be finalised on Mar. 28. Successful bidders will have shares credited to their demat accounts on Apr. 1. Refund for the non-allottees will also be done on the same day.

The shares are proposed to be listed on the NSE SME platform on Apr. 2.

Indorient Financial Services Ltd. is the book-running lead manager of the ATC Energies IPO. Kfin Technologies Ltd. is the registrar whereas Alacrity Securities Ltd. is the market maker for the SME IPO.

The IPO of ATC Energies has been subscribed 0.37 times as of 3:34 pm on Tuesday.

• Non-Institutional Buyers: 0.2 times

• Retail Investors: 0.66 times

Subscription status will be updated at regular intervals.

The latest grey market premium on ATC Energies IPO stood at Rs 21 on Mar. 25. The GMP trends indicate that the shares of the company are likely to list at a premium of 17.8%. Unlisted shares of ATC Energies were trading at Rs 139 in the grey market.

Note: GMP is not an official data source and is based on speculation.

ATC Energies System Ltd works in the energy industry. It produces low-cost lithium and Li-ion batteries for industries such as banking, automobiles, etc. The company’s factories are located in Vasai, Thane, and Noida.

The company will use proceeds from the IPO to repay borrowings, fund capex for upgrading factories, fund the working capital requirements of the company, and for general corporate purposes.

In FY24, the company’s revenue increased by 55% to Rs 51.51 crore from Rs 33.22 crore in FY23. During the same period, the profit after tax increased by 40.33% year-on-year to Rs 10.89 crore in FY24 from Rs 7.76 crore in FY23. For the first half of FY25, revenue stood at Rs 22.57 crore with a profit after tax at Rs 5.77 crore.

Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.