Atlanta Electricals IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Sep 22 to Sep 24 2025
Price Band
₹718 - 754
Current GMP
₹857.00 (+13.66%)
Subscription
72.16 times
IPO Details
| 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 | 91,15,934 shares (aggregating up to ₹687.34 Cr) |
| Fresh Issue | 53,05,039 shares (aggregating up to ₹400.00 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 | 7,68,89,839 shares |
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
91,15,934 shares (aggregating up to ₹687.34 Cr)
Fresh Issue
53,05,039 shares (aggregating up to ₹400.00 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
7,68,89,839 shares
IPO Subscription Details
| Anchor Investors | 1 |
| QIB (Ex Anchor) | 194.77 |
| Non-Institutional Buyers | 55.82 |
| bNII (bids above ₹10L) | 58.25 |
| sNII (bids below ₹10L) | 50.96 |
| Retail Investors | 10.76 |
| Employees | 3.47 |
| Total ** | 72.16 |
Anchor Investors
1
QIB (Ex Anchor)
194.77
Non-Institutional Buyers
55.82
bNII (bids above ₹10L)
58.25
sNII (bids below ₹10L)
50.96
Retail Investors
10.76
Employees
3.47
Total **
72.16
Day Wise Sub
| Day | QIB (Ex Anchor) | NII | NII (> ₹10L) | NII (< ₹10L) | Retail | EMP | Total |
|---|---|---|---|---|---|---|---|
| Day 1 Sep 22, 2025 | 1.00 | 1.03 | 0.73 | 1.64 | 0.99 | 0.59 | 1.00 |
| Day 2 Sep 23, 2025 | 1.48 | 5.72 | 4.60 | 7.96 | 3.04 | 1.51 | 3.15 |
| Day 3 Sep 24, 2025 | 194.77 | 55.82 | 58.25 | 50.96 | 10.76 | 3.47 | 72.16 |
DayDay 1
Sep 22, 2025
QIB (Ex Anchor)1.00
NII1.03
NII (> ₹10L)0.73
NII (< ₹10L)1.64
Retail0.99
EMP0.59
Total1.00
DayDay 2
Sep 23, 2025
QIB (Ex Anchor)1.48
NII5.72
NII (> ₹10L)4.60
NII (< ₹10L)7.96
Retail3.04
EMP1.51
Total3.15
DayDay 3
Sep 24, 2025
QIB (Ex Anchor)194.77
NII55.82
NII (> ₹10L)58.25
NII (< ₹10L)50.96
Retail10.76
EMP3.47
Total72.16
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 29-09-2025 | 754.00 | 114(15.12%) | 868 |
| 28-09-2025 | 754.00 | 114(15.12%) | 868 |
| 27-09-2025 | 754.00 | 115(15.25%) | 869 |
| 26-09-2025 | 754.00 | 100(13.26%) | 854 |
| 25-09-2025 | 754.00 | 95(12.60%) | 849 |
| 24-09-2025 | 754.00 | 116(15.38%) | 870 |
| 23-09-2025 | 754.00 | 135(17.90%) | 889 |
| 22-09-2025 | 754.00 | 95(12.60%) | 849 |
| 21-09-2025 | 754.00 | 142(18.83%) | 896 |
| 20-09-2025 | 754.00 | 137(18.17%) | 891 |
| 19-09-2025 | 754.00 | 144(19.10%) | 898 |
| 18-09-2025 | 754.00 | 125(16.58%) | 879 |
| 17-09-2025 | 754.00 | 0(0.00%) | 754 |
Date29-09-2025
Price754.00
GMP114(15.12%)
Estimate List Price868
Date28-09-2025
Price754.00
GMP114(15.12%)
Estimate List Price868
Date27-09-2025
Price754.00
GMP115(15.25%)
Estimate List Price869
Date26-09-2025
Price754.00
GMP100(13.26%)
Estimate List Price854
Date25-09-2025
Price754.00
GMP95(12.60%)
Estimate List Price849
Date24-09-2025
Price754.00
GMP116(15.38%)
Estimate List Price870
Date23-09-2025
Price754.00
GMP135(17.90%)
Estimate List Price889
Date22-09-2025
Price754.00
GMP95(12.60%)
Estimate List Price849
Date21-09-2025
Price754.00
GMP142(18.83%)
Estimate List Price896
Date20-09-2025
Price754.00
GMP137(18.17%)
Estimate List Price891
Date19-09-2025
Price754.00
GMP144(19.10%)
Estimate List Price898
Date18-09-2025
Price754.00
GMP125(16.58%)
Estimate List Price879
Date17-09-2025
Price754.00
GMP0(0.00%)
Estimate List Price754
IPO Important Dates
| 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 |
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
IPO Lot Size
| 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 |
ApplicationRetail (Min)
Lots1
Shares19
Amount₹14,326
ApplicationRetail (Max)
Lots13
Shares247
Amount₹1,86,238
ApplicationS-HNI (Min)
Lots14
Shares266
Amount₹2,00,564
ApplicationS-HNI (Max)
Lots69
Shares1,311
Amount₹9,88,494
ApplicationB-HNI (Min)
Lots70
Shares1,330
Amount₹10,02,820
Financial Information
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| 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 |
Period EndedPeriod Ended
31 Mar 202531 Mar 2025
31 Mar 202431 Mar 2024
31 Mar 202331 Mar 2023
Period EndedAssets
31 Mar 2025866.19
31 Mar 2024559.25
31 Mar 2023560.76
Period EndedTotal Income
31 Mar 20251,250.49
31 Mar 2024872.05
31 Mar 2023876.66
Period EndedProfit After Tax
31 Mar 2025118.65
31 Mar 202463.36
31 Mar 202387.54
Period EndedEBITDA
31 Mar 2025199.88
31 Mar 2024123.16
31 Mar 2023143.12
Period EndedNET Worth
31 Mar 2025349.90
31 Mar 2024228.47
31 Mar 2023164.90
Period EndedTotal Borrowing
31 Mar 2025141.03
31 Mar 202448.60
31 Mar 202373.09
Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio |
|---|---|---|---|---|---|---|
| Atlanta Electricals Limited | 16.57 | 16.57 | 48.88 | 33.91 | ||
| Voltamp Transformers Ltd. | 321.65 | 321.65 | 1,569.24 | 22.15 | 20.50 | 4.54 |
| Transformers And Rectifiers (india) Ltd. | 7.21 | 7.21 | 41.71 | 69.97 | 17.29 | 12.29 |
| Danish Power Limited | 34.55 | 34.55 | 162.50 | 25.80 | 18.00 | 5.50 |
Company NameAtlanta Electricals Limited
EPS (Basic)16.57
EPS (Diluted)16.57
NAV (per share) (Rs)48.88
P/E (x)
RoNW (%)33.91
P/BV Ratio
Company NameVoltamp Transformers Ltd.
EPS (Basic)321.65
EPS (Diluted)321.65
NAV (per share) (Rs)1,569.24
P/E (x)22.15
RoNW (%)20.50
P/BV Ratio4.54
Company NameTransformers And Rectifiers (india) Ltd.
EPS (Basic)7.21
EPS (Diluted)7.21
NAV (per share) (Rs)41.71
P/E (x)69.97
RoNW (%)17.29
P/BV Ratio12.29
Company NameDanish Power Limited
EPS (Basic)34.55
EPS (Diluted)34.55
NAV (per share) (Rs)162.50
P/E (x)25.80
RoNW (%)18.00
P/BV Ratio5.50
IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 45,21,418 (49.60%) | NA |
| − Anchor Investor Shares Offered | 27,14,885 (29.78%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 18,06,533 (19.82%) | NA |
| NII (HNI) Shares Offered | 13,56,425 (14.88%) | NA |
| − bNII > ₹10L | 9,04,284 (9.92%) | 3,399 |
| − sNII < ₹10L | 4,52,142 (4.96%) | 1,699 |
| Retail Shares Offered | 31,64,992 (34.72%) | 1,66,578 |
| Employee Shares Offered | 73,099 (0.80%) | NA |
| Total Shares Offered | 91,15,934 (100.00%) |
Investor CategoryQIB Shares Offered
Shares Offered45,21,418 (49.60%)
Maximum AllotteesNA
Investor Category− Anchor Investor Shares Offered
Shares Offered27,14,885 (29.78%)
Maximum AllotteesNA
Investor Category− QIB (Ex. Anchor) Shares Offered
Shares Offered18,06,533 (19.82%)
Maximum AllotteesNA
Investor CategoryNII (HNI) Shares Offered
Shares Offered13,56,425 (14.88%)
Maximum AllotteesNA
Investor Category− bNII > ₹10L
Shares Offered9,04,284 (9.92%)
Maximum Allottees3,399
Investor Category− sNII < ₹10L
Shares Offered4,52,142 (4.96%)
Maximum Allottees1,699
Investor CategoryRetail Shares Offered
Shares Offered31,64,992 (34.72%)
Maximum Allottees1,66,578
Investor CategoryEmployee Shares Offered
Shares Offered73,099 (0.80%)
Maximum AllotteesNA
Investor CategoryTotal Shares Offered
Shares Offered91,15,934 (100.00%)
Maximum Allottees
Information about company
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:
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
Objectives of IPO
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
Disclaimer
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