Allotment

Atlanta Electricals Ltd. IPO is a book-built issue aggregating to ₹687.85 crore, comprising a fresh issue of 0.53 crore equity shares amounting to ₹400.51 crore and an offer for sale of 0.38 crore shares valued at ₹287.34 crore.
The IPO opened for subscription on September 22, 2025, and closed on September 24, 2025. The basis of allotment was finalized on September 25, 2025, and the shares were listed on both the BSE and NSE on September 29, 2025.
The price band for the Atlanta Electricals IPO is fixed at ₹754 per share, with a lot size of 19 shares. Retail investors are required to make a minimum investment of ₹14,326 (19 shares) at the upper end of the price band. For sNII investors, the minimum application size is 14 lots (266 shares), amounting to ₹2,00,564, while bNII investors must apply for 70 lots (1,330 shares), requiring an investment of ₹10,02,820.
The issue also includes a reservation of up to 73,099 shares for eligible employees, offered at a discount of ₹70 per share to the issue price.
Motilal Oswal Investment Advisors Ltd. is the book-running lead manager to the issue, and MUFG Intime India Pvt. Ltd. is acting as the registrar.
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| IPO Date | 29 Sep |
| IPO Listing Date | 29 Sep |
| IPO Face Value | ₹2.00 per share |
| IPO Price Range | ₹754.00 |
| IPO Issue Size | 91,22,720 shares |
| IPO Sale Type | Fresh Capital & OFS |
| Employee Discount | ₹30 |
| IPO Issue Type | Book Building IPO |
| IPO Listing | BSE, NSE Platform |
| hare Holding Pre Issue | 7,15,84,800 shares |
| IPO Open Date | 22 Sep |
| IPO Close Date | 24 Sep |
| IPO Allotment (Tentative) | 25 Sep |
| Refunds | 26 Sep |
| Credit to Demat Account | 26 Sep |
| IPO Listing Date | 29 Sep |
| Category | Offer |
|---|---|
| QIB Shares Offered | 45,24,809 Shares |
| NII (HNI) Shares Offered | 13,57,444 Shares |
| Retail Shares Offered | 31,67,368 Shares |
Investors can bid for a minimum of 19 shares, with additional shares to be purchased in multiples of 19.
| Application | Lots | Share | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 19 | ₹14,326 |
| Retail (Max) | 13 | 247 | ₹1,86,238 |
| S-HNI (Min) | 14 | 266 | ₹2,00,564 |
| S-HNI (Max) | 69 | 1,311 | ₹9,88,494 |
| B-HNI (Min) | 70 | 1,330 | ₹10,02,820 |
Incorporated in December 1988, Atlanta Electricals Limited is an Indian manufacturer of power, auto, and inverter-duty transformers, catering to a wide range of industrial and utility applications.
As of March 31, 2025, the company’s product portfolio includes six categories of transformers, such as power transformers, inverter-duty transformers, furnace transformers, generator transformers, and special-duty transformers, designed to meet diverse customer requirements.
The company serves customers across 19 Indian states and three Union Territories. To date, it has supplied approximately 4,400 transformers with an aggregate capacity of 94,000 MVA to state and national power grids, private sector clients, and large renewable energy projects.
Atlanta Electricals operates five manufacturing facilities, of which four are currently operational. Two units are located in Anand, Gujarat, one in Bengaluru, Karnataka, and the Vadodara unit commenced commercial production in July 2025.
As of March 31, 2025, the company had a diversified customer base of 208 clients, including prominent names such as GETCO, Adani Green Energy, Tata Power, and SMS India. In addition to its domestic presence, the company has also exported transformers to international markets, including the United States, Kuwait, and Oman.
Competitive Strengths
Diversified product portfolio with focused product development tailored to specific customer needs
Strong order book supported by a well-diversified customer base
Experienced management team and skilled workforce with extensive industry expertise
Robust manufacturing capabilities, emphasizing quality, regulatory compliance, and health & safety standards
Consistent profitability and strong financial track record in an industry characterized by high entry barriers
| 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 |
| Reserves and Surplus | - | - | - |
| Total Borrowing | 141.03 | 48.6 | 73.09 |
| ROE | 33.91% |
| ROCE | 39.43% |
| Debt/Equity | 0.4 |
| RoNW | 33.91% |
| PAT Margin | 9.54% |
| EBITDA Margin | 16.07% |
| Price to Book Value | 23.62 |
IPO Objects of the Issue
| S.No. | Objects of the ipo Resources Detail | IPO Amount |
|---|---|---|
| 1 | Funding capital expenditure requirements for the purchase of equipment/machineries | - |
| 2 | To meet out the expenses of Working Capital Requirement | 210 |
| 3 | To meet out the General Corporate Purposes; | 85.03 |
| 4 | Offer for Sale (OFS) | - |
Atlanta Electricals Ltd. Address
Plot No. 1503/4,
GIDC Estate,
Vithal Udyognagar,
Anand, Gujarat, 388121
+91 6359669331
complianceofficer@aetrafo.com
https://aetrafo.com/
IPO Registrar
MUFG Intime India Pvt.Ltd.
+91-22-4918 6270
atlantaelectricals.ipo@linkintime.co.in
https://linkintime.co.in/Initial_Offer/public-issues.html