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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.
Motilal Oswal Investment Advisors Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Atlanta Electricals IPO RHP for detailed Information.
| IPO Date | September 22, 2025 to September 24, 2025 |
| Listing Date | September 29, 2025 |
| Face Value | ₹2 per share |
| Issue Price Band | ₹718 to ₹754 per share |
| Issue Price Final | ₹754 per share |
| Lot Size | 19 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 91,22,720 shares (aggregating up to ₹687.85 Cr) |
| Fresh Issue | 53,11,825 shares (aggregating up to ₹400.51 Cr) |
| Offer for Sale | 38,10,895 shares of ₹2 (aggregating up to ₹287.34 Cr) |
| Employee Discount | ₹70.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 7,15,84,800 shares |
| Share Holding Post Issue | 7,68,96,625 shares |
Atlanta Electricals IPO offers total 91,22,720 shares. Out of which 45,24,809 (49.60%) allocated to QIB, 18,09,924 (19.84%) allocated to QIB (Ex- Anchor), 13,57,444 (14.88%) allocated to NII 31,67,368 (34.72%) allocated to RII and 27,14,885 (29.76%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 45,24,809 (49.60%) | NA |
| − Anchor Investor Shares Offered | 27,14,885 (29.76%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 18,09,924 (19.84%) | NA |
| NII (HNI) Shares Offered | 13,57,444 (14.88%) | NA |
| − bNII > ₹10L | 9,04,963 (9.92%) | 3,402 |
| − sNII < ₹10L | 4,52,481 (4.96%) | 1,701 |
| Retail Shares Offered | 31,67,368 (34.72%) | 1,66,703 |
| Employee Shares Offered | 73,099 (0.80%) | NA |
| Total Shares Offered | 91,22,720 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to 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 | Up to Rs 5 Lakhs | Yes |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Atlanta Electricals IPO raises ₹204.70 crore from anchor investors. Atlanta Electricals IPO Anchor bid date is September 19, 2025. Atlanta Electricals IPO Anchor Investors list
| Bid Date | September 19, 2025 |
| Shares Offered | 27,14,885 |
| Anchor Portion Size (In Cr.) | 204.70 |
| Anchor lock-in period end date for 50% shares (30 Days) | October 24, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | December 23, 2025 |
Atlanta Electricals IPO opens on September 22, 2025, and closes on September 24, 2025.
| IPO Open Date | Mon, Sep 22, 2025 |
| IPO Close Date | Wed, Sep 24, 2025 |
| Tentative Allotment | Thu, Sep 25, 2025 |
| Initiation of Refunds | Fri, Sep 26, 2025 |
| Credit of Shares to Demat | Fri, Sep 26, 2025 |
| Tentative Listing Date | Mon, Sep 29, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Sep 24, 2025 |
Investors can bid for a minimum of 19 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
Competitive Strength:
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 |
| Total Borrowing | 141.03 | 48.60 | 73.09 |
| Amount in ₹ Crore | |||
KPI as of Mon, Mar 31, 2025.
| KPI | Values |
|---|---|
| ROE | 33.91% |
| ROCE | 39.43% |
| Debt/Equity | 0.40 |
| RoNW | 33.91% |
| PAT Margin | 9.54% |
| EBITDA Margin | 16.07% |
| Price to Book Value | 23.62 |
| Market Capitalization | 5797.49 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 16.57 | |
| P/E (x) | 46.33 |
The Company Atlanta Electricals IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 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 |
[Dilip Davda] AEL is one of the leading manufacturers of power, auto and inverter duty transformers in India. It is set to tap the rising demand with its recent acquisition and expanded capacities. It has an order book worth Rs. 1642.96 cr. as of March 31, 2025. Based on its recent financial data, the IPO appears aggressively priced. Well-informed investors may park funds for long term. Read detail review...
| Listing Date | September 29, 2025 |
| BSE Script Code | 544527 |
| NSE Symbol | ATLANTAELE |
| ISIN | INE0Z4F01028 |
| Final Issue Price | ₹754 per share |
| NSE Listing Group | EQ (Rolling) |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹754.00 | ₹754.00 |
| Open | ₹858.10 | ₹857.00 |
| Low | ₹806.00 | ₹806.25 |
| High | ₹863.70 | ₹865.00 |
| Last Trade | ₹823.35 | ₹823.35 |
Atlanta Electricals Ltd.
Plot No. 1503/4,
GIDC Estate,
Vithal Udyognagar,
Anand, Gujarat, 388121
Phone: +91 6359669331
Email: complianceofficer@aetrafo.com
Website: https://aetrafo.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: atlantaelectricals.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Atlanta Electricals IPO is a main-board IPO of 91,22,720 equity shares of the face value of ₹2 aggregating up to ₹687.85 Crores. The issue is priced at ₹754 per share. The minimum order quantity is 19.
The IPO opens on September 22, 2025, and closes on September 24, 2025.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Atlanta Electricals IPO using UPI as a payment gateway. Zerodha customers can apply in Atlanta Electricals IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Atlanta Electricals IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Atlanta Electricals IPO opens on September 22, 2025 and closes on September 24, 2025.
Atlanta Electricals IPO lot size is 19, and the minimum amount required for application is ₹14,326.
You can apply in Atlanta Electricals IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Atlanta Electricals IPO will be done on Thursday, September 25, 2025, and the allotted shares will be credited to your demat account by Friday, September 26, 2025. Check the Atlanta Electricals IPO allotment status.
The Atlanta Electricals IPO listing date is on Monday, September 29, 2025.
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