Public Market

IPO

Energy storage co. ATC Energies System’ IPO oversubscribed

MoneyControl  

The public issue of Mumbai-based ATC Energies saw 1.58 times subscription, with investors picking 70.58 lakh shares against the offer size of 44.8 lakh shares via 4,025 applications. It entered capital markets to mobilise INR 63.76 crore via IPO of 54.03 lakh shares at the upper end of the INR 112-118 per share price band. With factories at Thane and Noida, the company provides energy storage solutions for industries like banking, and automobiles, and agriculture, medical equipment, and oil & gas testing equipment.