ATC Energies System Limited’s Initial Public Offering (IPO) is opening for subscription on Tuesday, March 25, 2025. Through this IPO, the company aims to raise up to Rs 63.76 Crore (At Upper Price Band), with shares to be listed on the NSE Emerge platform.
ATC Energies System has kept the issue size of 54,03,600 equity shares at a face value of Rs 10 each with a price band of Rs 112 – Rs 118 per share. The minimum lot size is 1,200 shares and the company is expected to list on the bourses on April 2.
Quota Allocation:
- QIB Anchor Portion – Up To 9,22,800 Equity Shares
Qualified Institutional Buyer – Up To 6,16,800 Equity Shares
Non-Institutional Investors – Not less than 17,96,400 Equity Shares
Retail Individual Investors – Not less than 17,96,400 Equity Shares
Market Maker – Up To 2,71,200 Equity Shares
Moreover, the net proceeds from the IPO will be utilized for repayment and pre-payment, in full, of the borrowing availed for the purchase of the Noida factory including land & building, funding capital expenditure requirements for refurbishment, civil work & upgrades at the Noida factory, funding capital expenditure requirements for IT upgrades at both the Noida and Vasai factories, as well as the registered office, funding working capital requirements, and for general corporate purposes. Notably, the anchor portion will open on March 24, 2025 and issue will close on March 27, 2025.
Indorient Financial Services Ltd is the book-running lead manager of the ATC Energies IPO. Kfin Technologies Limited is the registrar for the issue. Moreover, The market maker for ATC Energies IPO is Alacrity Securities Ltd.
Steps To Apply For ATC Energies IPO?
- Go on to brokerage firm’s website of your choice.
Login through your Demat and trading account.
Choose ‘ATC Energies System’ in the IPO list.
Find the IPO tab.
Choose the IPO.
Provide biding details.
Enter bid price.
Submit the application.
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