Charge Ahead with ATC Energies IPO: ₹63.76 Cr Issue to Open March 25

ATC Energies System, the prominent lithium-ion battery producer, will open its ₹63.76 crore Initial Public Offering (IPO) for subscription between March 25 and March 27, 2025. The IPO consists of a fresh issue of 43.23 lakh shares and an offer-for-sale of 10.8 lakh shares by the promoter group. The price band is capped at ₹112–₹118 per equity share with a minimum lot size of 1,200 equity shares.

The funds will be used to repay debt, upgrade factories in Noida, enhance IT infrastructure, and working capital requirements. The company has factories in Vasai, Thane, and Noida, serving various industries such as banking, agriculture, and electric vehicles.

Shares will be listed on the NSE Emerge platform on April 2, with allotment completion by March 28. Even with no grey market premium (GMP) reported so far, the IPO is likely to be popular because of ATC's good financials and growth prospects.

Sources: Economic Times, Moneycontrol