ATC Energies IPO Itemizing: ATC Power shares offering built-in vitality storage options right this moment entered an enormous low cost on the NSE SE SE SME platform. Its IPO additionally didn’t get particular response from traders and the reserved half for each class couldn’t be crammed. Shares have been issued at a worth of Rs 118 underneath the IPO. Right this moment, it has entered the NSE SEM at Rs 107.00, that’s, IPO traders didn’t get any itemizing beneficial properties however the capital decreased by 9.32 %. IPO traders bought shocked shortly when shares have been additional damaged. It broke to the decrease circuit of Rs 101.65 (ATC Energies Share Worth) i.e. IPO traders at the moment are 13.86 per cent losses. How will the cash of ATC Energies IPO be spent by ₹ 63.76 crore to the IPO subscription of ₹ 63.76 crore. This IPO general was subscribed 1.61 instances. It had a share reserved for certified institutional consumers (QIB), 1.38 instances, non-institutional traders (NII) share 0.81 instances and a share of retail traders was 2.49 instances. Beneath this IPO, new shares of Rs 51.02 crore have been issued. Other than this, 10.80 lakh shares with face worth of Rs 10.80 lakh have been bought underneath the supply for cell window. The supply on the market cash has been acquired by shareholders promoting share. On the similar time, out of the cash collected by new shares, 9.53 crore loans, Rs 6.72 crore, Refurbment, Civil and Upgradation work of Noida Manufacturing unit, Rs 7.47 crore will probably be spent on IT upgradation in Noida Manufacturing unit, Vasai Manufacturing unit and Registered Workplace, IT upgradation, Rs 9.5 crore will probably be spent on working capital necessities and remaining cash will probably be spent on widespread company goals. The information concerning the ATC Energies makes lithium and lithium ion battery at a low price in 2020 about ATC Energies. It offers built-in vitality storage options to banking, vehicles and different finish customers. Its registered workplace is in Mumbai and the manufacturing unit is in Vasai, Thane and Noida. Speaking concerning the monetary well being of the corporate, it made a web revenue of Rs 11.86 crore in FY 2022, which fell to Rs 7.76 crore within the subsequent monetary yr 2023. Nonetheless, the state of affairs improved within the subsequent monetary yr 2024 and it reached Rs 10.89 crore. Throughout this time there was additionally ups and downs within the firm’s income. It acquired Rs 36.52 crore in FY 2022, Rs 33.22 crore in FY 2023 and Rs 51.51 crore in FY 2024. Speaking concerning the final monetary yr 2024-25, within the first half April-September 2024 it acquired a web revenue of Rs 5.77 crore and a income of Rs 22.57 crore.
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