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Atlanta Electricals’ IPO is a bookbuilt issue of ₹687.34 crore. It combines a fresh issue of 0.53 crore shares aggregating to ₹400.00 crore and an offer for sale of 0.38 crore shares aggregating to ₹287.34 crore.
The IPO opens for subscription on September 22, 2025, and closes on September 24, 2025. The allotment is expected to be finalized on Thursday, September 25, 2025. The price band for the IPO is set at ₹718 to ₹754 per share, and the minimum lot size for an application is 19 shares.
Company Summary
Incorporated in December 1988, Atlanta Electricals Limited manufactures power, auto, and inverter duty transformers in India.
As of March 31, 2025, the company’s portfolio comprises six products: power transformers, inverter-duty transformers, furnace transformers, generator transformers, and special-duty transformers.
As of March 31, 2025, the company serves customers in 19 states and three union territories across India, supplying 4,400 transformers totalling 94,000 MVA to state and national grids, private players, and major renewable energy projects.
The company has five manufacturing facilities, out of which, four are functional, two located at Anand, Gujarat, and one in Bengaluru, Karnataka, and Vadod Unit has commenced commercial production in July 2025.
As of March 31. In 2025, the company has 208 diverse customers, including GETCO, Adani Green Energy, TATA Power, and SMS India.
The company has exported its products to countries such as the United States, Kuwait, and Oman.
Company Strengths
- Broad and diversified product portfolio with focused product development tailored to meet the customer requirements.
- A strong order book, coupled with a well-diversified customer base.
- Experienced management team and qualified personnel with significant industry experience.
- Manufacturing capabilities with a focus on quality, a high level of regulatory compliance, and health and safety measures.
- Track record of profitability and consistent financial performance in an industry with significant entry barriers.
Company Financials
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 866.19 | 559.25 | 560.76 |
| Total Income | 1,250.49 | 872.05 | 876.66 |
| Profit After Tax | 118.65 | 63.36 | 87.54 |
| EBITDA | 199.88 | 123.16 | 143.12 |
| Net Worth | 349.9 | 228.47 | 164.9 |
| Total Borrowing | 141.03 | 48.6 | 73.09 |
| Amount in ₹ Crore | |||
Objectives of IPO
- Repayment/ prepayment, in full or in part, of certain outstanding borrowings availed by the Company
- Funding the working capital requirements of the Company
- General corporate purposes
Promoters of the company
The promoters of the Company are Krupeshbhai Narharibhai Patel, Niral Krupeshbhai Patel, Amish Krupeshbhai Patel, Tanmay Surendrabhai Patel, Patel Family Trustee Private Limited, and Atlanta UHV Transformers LLP.
IPO Details
| IPO Date | September 22, 2025 to September 24, 2025 |
| Listing Date | September 29, 2025 |
| Face Value | ₹2 per share |
| Price Band | ₹718 to ₹754 per share |
| Lot size | 19 shares |
| Total Issue size | 91,15,934 shares (aggregating upto ₹687.34 Cr ) |
| Fresh Issue | 53,05039 shares (aggregating upto ₹400.00 Cr ) |
| Offer for Sale | 38,10,895 shares of ₹2 (aggregating upto ₹287.34 Cr ) |
| Issue type | Bookbuilding IPO |
| Listing at | NSE, BSE |
| Share Holding Pre Issue | 7,15,84,800 shares |
| Share Holding Post Issue | 7,68,89,839 shares |
Category Reservation Table
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
| Only RII | Upto Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Upto Rs 5 lakhs | Yes |
| Employee + RII/NII | 1. Employee limit: Upto Rs 5 lakhs (In certain cases, employees are given a discount if the bidding amount is upto Rs 2 Lakhs) 2. If applying as RII: Upto Rs 2 Lakhs 3. If applying as NII: sNII > Rs 2 Lakhs and upto Rs 10 Lakhs, and bNII > Rs 10 lakhs | Yes for Employee and RII/NII |
Lot Allocation Details
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 19 | ₹14,326.00 |
| Retail (Max) | 13 | 247 | ₹1,86,238.00 |
| S-HNI (Min) | 14 | 266 | ₹2,00,564.00 |
| S-HNI (Max) | 69 | 1,311 | ₹9,88,494.00 |
| B-HNI (Min) | 70 | 1,330 | ₹10,02,820.00 |
Allotment Schedule
| Basis of Allotment | Thu, 25 Sep, 2025 |
| Initiation of Refunds | Fri, 26 Sep, 2025 |
| Credit of Shares to Demat | Fri, 26 Sep, 2025 |
| Tentative Listing Date | Mon, 29 Sep, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 24, 2025 |
IPO Reservation
| Investor Category | Shares Offered |
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| NII Shares Offered | Not less than 15% of the Net Offer |
To check allotment, click here
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