ATC Energies IPO to make its debut today. Check GMP ahead of listing
[hfe_template id='11223']
[ad_1]
Contrary to another IPO of Shri Ahimsa, which opened on the same day, ATC Energies System's offering received a muted subscription from investors. However, the company's shares will debut on the NSE SME platform today. The GMP ahead of the listing is around 3%. Net proceeds to the tune of Rs 64 crore will be used for repayment of debt, funding capex requirements, working capital and general corporate purposes. The issue, which included a fresh equity sale and an offer for sale, was subscribed just over 1x. On the other hand, the public offer of Shri Ahimsa was booked over 60 times. ATC Energies produces and supplies lithium-ion batteries, offering efficient and cost-effective energy storage solutions for industries such as banking and automobiles. It operates factories in Vasai, Thane, and Noida, equipped with advanced machinery, an integrated development and assembly system, and quality testing facilities across a total area of a...