ATC Energies System Ltd - IPO

ATC Energies System Ltd IPO Details

Initial public offering of up to 52,80,000 equity shares of face value of Rs. 10 each (Equity Shares) of the company for cash at a price of Rs. [*] per equity share (including a share premium of Rs. [*] per equity share) (Offer Price) aggregating up to Rs. [*] crores (the Offer) comprising a fresh issue of up to 38,58,000 equity shares of face value Rs. 10 each aggregating up to Rs. [*] crores by the company (the Fresh Issue) and an offer for sale of up to 14,22,000 equity shares (the Offered Shares) by Sandeep Gangabishan Bajoria aggregating up to Rs. [*] crores (the Selling Shareholder, and such equity shares offered by the selling shareholder, the Offered Shares) (such offer for sale by the selling shareholder, the Offer for Sale and together with the fresh issue, The Offer). The offer will constitute [*] % of the post-offer paid-up equity share capital of the company. The face value of the equity share is Rs. 10 each and the offer price is [*] times the face value of the equity shares. The price band and the minimum bid lot size will be decided by the company.

Objective of issue

Repayment and/or pre-payment in full the borrowing availed by the company with respect to purchase of its Noida Factory. Funding the capital expenditure requirements towards refurbishment civil and upgradation work at its Noida Factory. Funding the capital expenditure requirement towards IT upgradation at its Noida factory and Vasi factory and its registred office. Funding working capital requirements of the company. General corporate purposes.

ATC Energies System Ltd Contact Details

ATC Energies System Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - cs@atcgroup.co

Website - www.atcgroup.co