ATC Energies IPO - Day 3 Subscription at 1.11 Times

ATC Energies System's initial public offering (IPO) has shown steady progress through its three-day subscription period. The ₹63.76 crore IPO has witnessed gradual growth in demand, with subscription rates advancing from 0.54 times on day one, improving to 0.98 times on day two, and reaching 1.11 times by 10:59 AM on the final day, demonstrating moderate investor interest in this lithium-ion battery manufacturer that provides energy solutions for banking, automobile, and industrial sectors.

The ATC Energies IPO retail segment leads with 1.78 times subscription, while qualified institutional buyers show measured interest at 0.76 times and non-institutional investors demonstrate cautious approach at 0.55 times, reflecting stronger individual investor confidence in this company that operates manufacturing facilities in Vasai, Thane, and Noida.

Subscription Status of ATC Energies IPO:

Here are the subscription details for ATC Energies IPO as of Day 3 (March 27, 2025, 10:59 AM):

Note:
 

• "Shares Offered" and "Total Amount" are calculated based on the upper price of the issue price range.
• The portions of anchor investors and market maker are not included in the total shares offered.

ATC Energies IPO - Day 3 Subscription

Key Highlights:

• Overall subscription crossing full subscription milestone at 1.11 times
• Retail investors showing good enthusiasm at 1.78 times subscription, leading overall demand
• QIB segment maintaining steady interest at 0.76 times throughout all three days
• NII segment showing moderate progress to 0.55 times, more than doubling day one's 0.21 times
• Total applications reaching 2,841, predominantly from retail investors (2,669)
• Cumulative bid amount reaching ₹54.97 crores, slightly exceeding the issue size
• Retail segment driving overall subscription with ₹37.79 crores in bids, representing nearly 69% of total bids
   

ATC Energies IPO - Day 2 Subscription at 0.98 Times

Key Highlights:

• Overall subscription approaching full subscription at 0.98 times, nearly doubling from day one
• Retail investors crossing full subscription at 1.58 times, showing strong individual investor confidence
• QIB segment maintaining steady interest at 0.76 times, unchanged from day one
• NII segment showing improved interest at 0.46 times, more than doubling day one's 0.21 times
• Day two momentum building steadily toward full subscription milestone
• Market response indicating strong retail interest in lithium-ion battery sector
• Energy solutions business model attracting individual investor attention
• Second day setting stage for crossing full subscription on final day

ATC Energies IPO - Day 1 Subscription at 0.54 Times

Key Highlights:

• Overall subscription opening at moderate 0.54 times, showing steady initial investor approach
• Retail investors beginning with good interest at 0.80 times, approaching full allocation
• QIB segment showing strong early interest at 0.76 times, indicating institutional confidence
• NII segment showing limited initial interest at 0.21 times, reflecting cautious evaluation
• Opening day demonstrating balanced investor engagement with retail and QIB investors leading
• Initial momentum reflecting positive assessment of energy storage solutions sector
• Lithium-ion battery manufacturing expertise drawing retail investor interest
• First day setting solid subscription baseline for building momentum in subsequent days

About ATC Energies System Limited

Founded in 2020, ATC Energies System Limited operates in the energy sector, manufacturing and supplying lithium and Li-ion batteries with integrated energy storage solutions. The company started with mini batteries for the banking industry and has expanded to produce batteries of all sizes for diverse applications including POS machines, ATMs, electric vehicles, industrial UPS, and energy storage systems.

The company operates manufacturing facilities in Vasai, Thane, and Noida, equipped with advanced battery assembly equipment including temperature chambers, welding systems, and testers. With 81 employees (33% women) as of February 2025, the company offers customized energy solutions through in-house design and engineering capabilities.

Financial performance shows solid results with revenue of ₹51.51 crores in FY2024 and profit of ₹10.89 crores, yielding impressive metrics including 39.38% ROE and 42.66% ROCE. Key strengths include their diversified product portfolio serving multiple industries, focus on quality and performance, experienced leadership team, and stable financial performance with strong profit margins.
 

Highlights of the ATC Energies IPO:

• IPO type: Book Built Issue SME IPO
• IPO size: ₹63.76 crores
• Fresh Issue: 43.24 lakh shares aggregating to ₹51.02 crores
• Offer for Sale: 10.80 lakh shares aggregating to ₹12.74 crores
• Face value: ₹10 per share
• Issue price band: ₹112 to ₹118 per share
• Lot size: 1,200 shares
• Minimum investment for retail investors: ₹1,41,600
• Minimum investment for HNI: ₹2,83,200 (2 lots)
• Market maker reservation: 2,71,200 shares
• Anchor portion: 9,22,800 shares (₹10.89 crores raised)
• Listing at: NSE SME
• IPO opens: March 25, 2025
• IPO closes: March 27, 2025
• Allotment date: March 28, 2025
• Listing date: April 2, 2025