Atlanta Electricals IPO
Bookbuilding IPO | ₹688.00 Cr | Listing at BSE, NSE
IPO Open
Mon, Sep 22, 2025
IPO Close
Wed, Sep 24, 2025
Price Band
₹718.00 to ₹754.00
Market Cap (Pre-IPO)
₹5,797.49 Cr
IPO Details
| IPO Date | Sep 22, 2025 to Sep 24, 2025 |
| Listing Date | Tentative: Sep 29, 2025 |
| Face Value | ₹2.00 per share |
| Price Band | ₹718.00 to ₹754.00 |
| Lot Size | 19 Shares (Minimum: ₹14,326.00) |
| Sale Type | Offer For Sale + Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Issue Size | ₹688.00 Crores |
| Total Shares Offered | 9,122,720 shares |
| Fresh Issue | 5,311,825 shares |
| Offer For Sale | 3,810,895 shares |
Subscription Data
| Category | Times Subscribed |
|---|---|
| QIB | 194.77x |
| NII | 55.82x |
| RII | 10.76x |
| Total | 72.16x |
Atlanta Electricals IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | 45,24,809 (49.60%) |
| Retail Shares Offered | 31,67,368 (34.72%) |
| NII Shares Offered | 13,57,444 (14.88%) |
Atlanta Electricals IPO Lot Size
Investors can bid for a minimum of 19 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 19 | ₹14,326 |
| Retail (Max) | 13 | 247 | ₹186,238 |
| S-HNI (Min) | 14 | 266 | ₹200,564 |
| S-HNI (Max) | 69 | 1,311 | ₹988,494 |
| B-HNI (Min) | 70 | 1,330 | ₹1,002,820 |
Atlanta Electricals Financial Information (Restated Consolidated)
Atlanta Electricals Ltd.'s revenue increased by 43% and profit after tax (PAT) rose by 87% between the financial year ending with March 31, 2025 and March 31, 2024.
| 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 | 349.90 | 228.47 | 164.90 |
| Reserves and Surplus | 0.00 | 0.00 | 0.00 |
| Total Borrowing | 141.03 | 48.60 | 73.09 |
Amount in ₹ Cr
Key Performance Indicators
As of Monday, March 31, 2025| KPI | Values |
|---|---|
| ROE (Return on Equity) | 33.91% |
| ROCE (Return on Capital Employed) | 39.43% |
| Debt/Equity | 0.40 |
| RoNW (Return on Net Worth) | 33.91% |
| PAT Margin (Profit After Tax Margin) | 9.54% |
| EBITDA Margin | 16.07% |
| Price to Book Value | 23.62 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 16.57 | 0.00 |
| P/E (x) | 46.33 | 0.00 |
| Promoter Holding | 94.36% | 86.97% |
Company Promoters
- 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.
Company Overview
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, Gujrat, and one in Bengaluru, Karnataka, and Vadod Unit has commenced commercial production in July, 2025.
As of March 31. 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 United States, Kuwait, and Oman.
Company Strengths
- Broad and diversified product portfolio with focussed product development tailored to meet the customer requirements.
- Strong order book coupled with well diversified customer base.
- Experienced management team and qualified personnel with significant industry experience.
- Manufacturing capabilities with a focus on quality and 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
Use of Proceeds
| 1) | Repayment/ prepayment, in full or in part, of certain outstanding borrowings availed by the Company | 79.12 |
| 2) | Funding working capital requirements of the Company | 210.00 |
| 3) | General corporate purposes | 85.03 |
Objectives
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Atlanta Electricals IPO Peer Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Atlanta Electricals Limited | 16.57 | 16.57 | 48.88 | - | 33.91 | - | Consolidated |
| Voltamp Transformers Ltd. | 321.65 | 321.65 | 1,569.24 | 22.15 | 20.50 | 4.54 | Consolidated |
| Transformers And Rectifiers (india) Ltd. | 7.21 | 7.21 | 41.71 | 69.97 | 17.29 | 12.29 | Consolidated |
| Danish Power Limited | 34.55 | 34.55 | 162.50 | 25.80 | 18.00 | 5.50 | Consolidated |
Quick Info
| Sector | Power & Energy Infrastructure |
| Exchange | BSE, NSE |
| Market Cap (Pre-IPO) | ₹5,797.49 Cr |
| GMP | 0.00 |
Important Dates
| IPO Open | Sep 22, 2025 |
| IPO Close | Sep 24, 2025 |
| Allotment Date | Sep 25, 2025 |
| Credit to Demat | Sep 26, 2025 |
| Listing Date | Tentative: Sep 29, 2025 |
Lead Manager(s)
Motilal Oswal Investment Advisors Ltd.
Registrar
Description
- Atlanta Electricals Ltd. IPO is a book build issue of ₹687.85 crores. The issue is a combination of fresh issue of 0.53 crore shares aggregating to ₹400.51 crores and offer for sale of 0.38 crore shares aggregating to ₹287.34 crores.
- Atlanta Electricals IPO bidding started from Sep 22, 2025 and ended on Sep 24, 2025. The allotment for Atlanta Electricals IPO was finalized on Sep 25, 2025. The shares got listed on BSE, NSE on Sep 29, 2025.
- Atlanta Electricals IPO price band is set at ₹754.00 per share . The lot size for an application is 19. The minimum amount of investment required by an retail is ₹14,326 (19 shares) (based on upper price). The lot size investment for sNII is 14 lots (266 shares), amounting to ₹2,00,564, and for bNII, it is 70 lots (1,330 shares), amounting to ₹10,02,820.
- The issue includes a reservation of up to 73,099 shares for employees offered at a discount of ₹70.00 to the issue price.