Atlanta Electricals IPO is scheduled to open on September 22, 2025, and will close on September 24, 2025. The allotment is expected to be finalized on September 25, 2025, with refunds and credit of shares to demat accounts on September 26, 2025. The IPO is set to list on BSE and NSE on September 29, 2025.
Atlanta Electricals IPO is a book-built issue of ₹687.34 crores, consisting of a fresh issue of ₹400 crores (0.53 crore shares) and an offer for sale of ₹287.34 crores (0.38 crore shares), with a face value of ₹2 per share. The price band is fixed between ₹718 to ₹754 per share, and the lot size is 19 shares.
Retail investors can invest a minimum of ₹14,326 (based on upper price), while S-HNI and B-HNI investors can apply for larger lots of 266 shares (₹2,00,564) and 1,330 shares (₹10,02,820) respectively. The company reported revenue of ₹1,250.49 crores in FY2025, up from ₹872.05 crores in FY2024, and a profit of ₹118.65 crores compared to ₹63.36 crores in FY2024, indicating strong growth. Investors are advised to consider this IPO for long-term investment.
Overview of Contents
About Atlanta Electricals IPO
Incorporated in December 1988, Atlanta Electricals Limited is a leading manufacturer of power, auto, and inverter-duty transformers in India. The company offers a diversified portfolio of six transformer types, including power, inverter-duty, furnace, generator, and special-duty transformers, serving customers across 19 states and three union territories. With five manufacturing facilities—four operational in Anand, Gujarat, Bengaluru, Karnataka, and the newly commissioned Vadodara unit—the company has supplied 4,400 transformers totaling 94,000 MVA to state and national grids, private players, and major renewable energy projects. Atlanta Electricals caters to 208 customers, including GETCO, Adani Green Energy, TATA Power, and SMS India, and has exported products to the United States, Kuwait, and Oman.
The company’s competitive strengths lie in its broad product portfolio, strong order book, experienced management, quality-focused manufacturing, regulatory compliance, and a consistent track record of profitability in a sector with high entry barriers.
Atlanta Electricals IPO Overview
| Details | Information |
|---|---|
| Face Value | ₹2 per share |
| IPO Price Band | ₹718 – ₹754 per share |
| Lot Size | 19 shares |
| Issue Type | Bookbuilding IPO |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 91,15,934 shares (up to ₹687.34 Cr) |
| Fresh Issue | 53,05,039 shares (up to ₹400.00 Cr) |
| Offer for Sale | 38,10,895 shares (up to ₹287.34 Cr) |
| Employee Discount | ₹70 per share |
| Listing | BSE, NSE |
| Shareholding Pre-IPO | 7,15,84,800 shares |
| Shareholding Post-IPO | 7,68,89,839 shares |
Atlanta Electricals IPO Prospectus
| DRHP | Click here |
| RHP | Click here |
Atlanta Electricals IPO Dates
| Event | Date & Week |
|---|---|
| IPO Open Date | Monday, September 22, 2025 |
| IPO Close Date | Wednesday, September 24, 2025 |
| Basis of Allotment | Thursday, September 25, 2025 |
| Refunds Initiation | Friday, September 26, 2025 |
| Credit to Demat Account | Friday, September 26, 2025 |
| IPO Listing Date | Monday, September 29, 2025 |
| UPI Mandate Cut-off | Wednesday, September 24, 2025 – 5 PM |
Atlanta Electricals IPO Lot Size
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 19 | ₹14,326 |
| Retail Maximum | 13 | 247 | ₹1,86,238 |
| S-HNI Minimum | 14 | 266 | ₹2,00,564 |
| S-HNI Maximum | 69 | 1,311 | ₹9,88,494 |
| B-HNI Minimum | 70 | 1,330 | ₹10,02,820 |
Atlanta Electricals IPO Financial Performance
| Financial Metric | FY Ending Mar 2025 | FY Ending Mar 2024 | FY Ending Mar 2023 |
|---|---|---|---|
| Total Income (₹ Cr) | 1,250.49 | 872.05 | 876.66 |
| EBITDA (₹ Cr) | 199.88 | 123.16 | 143.12 |
| Profit After Tax (₹ Cr) | 118.65 | 63.36 | 87.54 |
| Assets (₹ Cr) | 866.19 | 559.25 | 560.76 |
| NET Worth (₹ Cr) | 349.90 | 228.47 | 164.90 |
| Total Borrowing (₹ Cr) | 141.03 | 48.60 | 73.09 |
Object of the issue
- General corporate purposes
- Funding working capital requirements of the company
- Repayment or prepayment (full or partial) of certain outstanding borrowings availed by the company
Atlanta Electricals IPO GMP
To Be Updated Soon
Atlanta Electricals IPO Promoter Holding
The promoters of Atlanta Electricals include Krupeshbhai Narharibhai Patel, Niral Krupeshbhai Patel, Amish Krupeshbhai Patel, Tanmay Surendrabhai Patel, Patel Family Trustee Private Limited, and Atlanta UHV Transformers LLP. Their shareholding is set to reduce slightly post-IPO.
| Promoter Holding | Percentage |
|---|---|
| Pre-Issue | 94.36% |
| Post-Issue | 86.97% |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Voltamp Transformers Limited | 321.65 | 22.15 | 20.50% | 1,569.24 | 1,934.23 Cr. |
| Transformers and Rectifiers India Limited | 7.21 | 69.97 | 17.29% | 41.71 | 2,019.38 Cr. |
| Danish Power Limited | 34.55 | 25.80 | 18.00% | 162.50 | 426.71 Cr. |
IPO Lead Managers / Merchant Bankers
- Motilal Oswal Investment Advisors Ltd.
- Axis Capital Ltd.
Company Address
Atlanta Electricals Ltd.
Plot No. 1503/4, GIDC Estate,
Vithal Udyognagar, Anand, Gujarat – 388121
Phone: +91 6359669331
Email: complianceofficer@aetrafo.com
Website: aetrafo.com
IPO Registrar
MUFG Intime India Pvt. Ltd.
Phone: +91-22-4918 6270
Email: atlantaelectricals.ipo@linkintime.co.in
Website: MUFG Intime India
Atlanta Electricals IPO FAQs
What is Atlanta Electricals IPO?
Atlanta Electricals IPO is a Book Built Issue where the company is raising ₹687.34 crores through a combination of fresh issue and offer for sale of shares.
IPO Open and Close Dates
The IPO opens on September 22, 2025, and closes on September 24, 2025.
IPO Price Band
The price band is set at ₹718 to ₹754 per share.
Lot Size and Minimum Investment
The lot size is 19 shares. Retail investors need to invest a minimum of ₹14,326 (based on upper price).
Total Issue Size
The IPO size is approximately ₹687.34 crores, with a fresh issue of ₹400 crores and offer for sale of around ₹287.34 crores.
Listing Exchanges
The shares will be listed on BSE and NSE.
Allotment and Refunds
Allotment is expected on September 25, 2025, and refunds will be initiated on September 26, 2025. Shares will be credited to Demat accounts the same day.
Who can apply?
The IPO is open for Retail Investors, HNI (High Net-worth Individuals), and QIBs (Qualified Institutional Buyers).
Purpose of the IPO
Funds will be used for general corporate purposes, working capital, and repayment of certain borrowings.
Financial Performance
The company reported revenue of ₹1,250.49 crores and profit of ₹118.65 crores for FY2025, showing strong growth compared to the previous year.