Atlanta Electricals was incorporated on December 15, 1988. The company is a leading manufacturer of power, auto, and inverter duty transformers in India by production volume (FY24) and among the few producing transformers up to 200 MVA and 220 kV voltage
| Bidding Dates |
|---|
| 22 Sep 2025 - 24 Sep 2025 |
| Subscription |
|---|
| 70.63x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹13,642 | 1 | 13 | 19 | 9.1 M | ₹718 - ₹754 | 87.28 % | ₹6545.2 M - ₹6873.4 M | RHP DOC |
Atlanta Electricals IPO SUBSCRIPTION STATUS
24 Sep '25Atlanta Electricals IPO overall subscription rate was 70.63 times the total available shares
Atlanta Electricals IPO retail subscription rate was 10.42 times in the retail segment
Atlanta Electricals IPO non-institutional investor subscription rate was 54.21 times in the non-institutional investor category
Atlanta Electricals IPO Qualified Institutional Bidder subscription rate was 194.92 times the available shares for Qualified Institutional Bidder
Atlanta Electricals IPO Employees subscription rate was 3.29 times in the Employees category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers | Employees |
|---|---|---|---|---|
| Category Reservation | 35% | 15% | 50% | - |
24 Sep 2025 (Day 3) | 10.42x | 54.21x | 194.92x | 3.29x |
23 Sep 2025 (Day 2) | 2.94x | 5.55x | 1.48x | 1.43x |
22 Sep 2025 (Day 1) | 0.95x | 1x | 1x | 0.56x |
Atlanta Electricals FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY25 | 1,244.2 | 118.6 | 83.6 | -29.5 | 16.1% |
| FY24 | 867.6 | 63.4 | 88.3 | 56.1 | 14.2% |
| FY23 | 873.9 | 87.5 | 52.0 | 45.1 | 16.4% |
Atlanta Electricals IPO SUBSCRIPTION STATUS DETAILS
Atlanta Electricals had 9.1 M shares on offer
Atlanta Electricals IPO offer price was in the range ₹718 - ₹754
Atlanta Electricals IPO minimum Investment was ₹13642
Atlanta Electricals IPO issue size was ₹ 6545.2 M - ₹ 6873.4 M
Atlanta Electricals had a minimum lot size of 19 Shares per application
Atlanta Electricals NUMBER OF SHARES ON OFFER
Atlanta Electricals IPO IMPORTANT DATES
| Issue Open Date | 22 Sep 2025 |
| Issue close Date | 24 Sep 2025 |
| Allotment Date | 25 Sep 2025 |
| Refund Date | 26 Sep 2025 |
| Demat Account Credit Date | 26 Sep 2025 |
| Listing Date | 29 Sep 2025 |
| Listing on Exchange(s) | NSE and BSE |
| Atlanta Electricals Allotment Status | Exchange/ Registrar |
Atlanta Electricals IPO subscription opened on 22 Sep 2025, and closed on 24 Sep 2025
IPO allotment for Atlanta Electricals was finalized on Thursday, 25 Sep 2025
IPO listing for Atlanta Electricals was on NSE and BSE on Monday, 29 Sep 2025
Atlanta Electricals IPO LISTING GAINS
| Issue Price (adjusted) | 754.0 |
| Listing Open Price | 857.0 |
| Listing Close Price | 823.4 |
| Listing Gain% | 13.7% |
| Current Gain% | 113.2% |
Atlanta Electricals Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Atlanta Electricals Ltd. | 1607.4 | 12359.3 | 56.8 | 0.8 | 6.2 | 21.7 | 13.4 | 1867.2 | 49.3 | 201.8 | 70.1 | 28.3 | 74.1 |
| ABB India Ltd. | 7600 | 161050.4 | 53.9 | 11.8 | 21.3 | 12.2 | 13555.1 | 8.1 | 1668.3 | -10.9 | 141 | ||
| Hitachi Energy India Ltd. | 32600 | 145306 | 126.3 | 1 | 15.9 | 19.1 | 8.2 | 8387.6 | 30.2 | 987.8 | 157.3 | 258.1 | 127.7 |
| Bharat Heavy Electricals Ltd. | 405.2 | 141093.2 | 58 | 0.1 | 3.9 | 6.1 | 2.1 | 34589.8 | 20.1 | 1600.3 | 199.7 | 7 | 739.4 |
| Siemens Ltd. | 3940.1 | 140315 | 90.2 | -2.2 | 7.8 | 19.9 | 12.9 | 25598.6 | 10.5 | 2751.6 | 1.3 | 43.7 | -40.3 |
| CG Power and Industrial Solutions Ltd. | 879 | 138482.1 | 110.8 | 4.5 | 10.8 | 15.1 | 9.5 | 12662.2 | 25.7 | 1206.3 | 23.8 | 7.9 | 24.7 |
Atlanta Electricals INFORMATION ON IPO ISSUE
About Atlanta Electricals
Atlanta Electricals was incorporated on December 15, 1988. The company is a leading manufacturer of power, auto, and inverter duty transformers in India by production volume (FY24) and among the few producing transformers up to 200 MVA and 220 kV voltage
Object of the Issue
- Repayment/ prepayment, in full or in part, of certain outstanding borrowings availed by the company
- Funding working capital requirements of the company
- General corporate purposes
Atlanta Electricals - PROMOTERS
| Name |
|---|
| Niral Krupeshbhai Patel |
| Amish Krupeshbhai Patel |
| Tanmay Surendrabhai Patel |
| Narharibhai S. Patel Family Trust |
Atlanta Electricals - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Niral Krupeshbhai Patel | Chairman and Managing Director |
| Amish Krupeshbhai Patel | Whole-time Director |
| Tanmay Surendrabhai Patel | Whole-time Director |
| Milin Kaimas Mehta | Independent Director |
| Bhadresh Bhupendrabhai Chauhan | Independent Director |
| Dukhabandhu Rath | Independent Director |
| Jinkal Darshan Patel | Independent Director |
Atlanta Electricals Book Running Lead Manager
Motilal Oswal Investment Advisors Limited
atlantaelectricals.ipo@motilaloswal.com
Axis Capital Limited
atlantaelectricals.ipo@axiscap.in
Atlanta Electricals Registrar to the Offer
MUFG Intime India Private Limited
atlantaelectricals.ipo@linkintime.co.in
Atlanta Electricals Strengths
Market leader
A leading manufacturer of power, auto, and inverter duty transformers in India (FY24), the company has over 30 years of expertise. With operations across 19 states and three union territories, it ensures nationwide customer reach
Diversified product portfolio
The company offers a diverse portfolio of six transformer products, including power, inverter duty, furnace, generator, and special duty transformers, catering to varied customer needs
Quality & compliance
The company operates four NABL-accredited labs capable of testing transformers up to 200 MVA/245 kV, performing routine and specialised tests like lightning impulse, temperature rise, and partial discharge analysis
Atlanta Electricals Risks
Dependent on bids
A large share of the company's revenue comes from government-controlled entities through a tendering process. Failure to secure key contracts may negatively impact business growth
Growth & expansion risks
Failure to manage growth or execute business expansion plans effectively may negatively impact operations and financial stability
Capacity underutilisation
Underutilisation of manufacturing capacity may negatively impact business operations, future growth, and financial performance
IPO FAQs
This IPO consists of an offer for sale of up to Rs 287.3 crore, of 3,810,895 shares. It also consists of a fresh issue of Rs 400.0 crore.
The promoters of the company are Niral Krupeshbhai Patel, Amish Krupeshbhai Patel, Tanmay Surendrabhai Patel and Narharibhai S. Patel Family Trust.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 718.0 - 754.0.
The IPO application opens on Sep 22, 2025 and closes on Sep 24, 2025.
The minimum lot size for the IPO is 19. The maximum lot size for the IPO is 247.
For all category investors, the minimum application amount for this IPO is Rs. 13,642.0, the maximum value for this IPO is Rs 186,238.0.
This IPO will be allotted on Sep 25, 2025.
The refund will be credited to your account on Sep 26, 2025.
The allotted shares will be credited to your demat on Sep 26, 2025.
Atlanta Electricals Ltd.’s shares listed on the stock exchanges on Sep 29, 2025.