ATC Energies IPO opens March 25 to raise Rs 63.76 crore

ATC Energies System is planning to launch its Initial Public Offering (IPO) on March 25, 2025. The company aims to raise Rs 63.76 crore by offering 54,03,600 equity shares. These shares will be priced between Rs 112 and Rs 118 each. The money raised from the IPO will be used for several purposes. This includes paying off debts, upgrading IT infrastructure, and improving their Noida factory. ATC Energies also plans to use some funds for working capital and general corporate needs. Currently, the shares are trading at a grey market premium of Rs 0. The IPO will allow different types of investors to buy shares, including Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), and Retail Individual Investors (RIIs). The offering is managed by Indorient Financial Services, while KFIN Technologies will handle the share registrations. The Anchor Book opens on March 24. After the IPO closes on March 27, share allotments will be made on March 28, with expected trading starting on April 2. ATC Energies is known for its advanced lithium-ion battery solutions and has been growing since its establishment in 2020. The company serves various industries, including electric vehicles and renewable energy. In FY24, it reported a revenue of Rs 5,120.37 lakh and continues to expand its customer base.