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Atlanta Electricals IPO: The initial public offering (IPO) of Atlanta Electricals Ltd entered the second day of bidding with the issue oversubscribed 2.21 times so far, as per provisional exchange data. The company aims to raise Rs 687.34 crore through the public offering.

By 2 pm, Investors have bid for 1.44 crore shares against the 65.38 lakh shares on offer. Qualified Institutional Buyers (QIBs) have subscribed 1.46 times, Non-Institutional Investors (NIIs) have subscribed 3.39 times, and the Retail Individual investors (RIIs) have subscribed 2.15 times.

In simpler terms, QIBs have bid for 26.29 lakh shares against the allotted 18.05 lakh shares, NIIs have bid for 47.41 lakh shares against the 13.96 lakh shares reserved, and RIIs have bid for 70.20 lakh shares against the reserved portion of 32.59 lakh shares.

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The IPO is a book-built issue of Rs 687.34 crore, comprising a fresh issue of Rs 400 crore and an offer-for-sale (OFS) of Rs 287.34 crore worth of equity shares from existing shareholders. The company intends to use the IPO proceeds to repay outstanding debt, fund working capital requirements and for general corporate purposes.

Price band: Rs 718 to Rs 754 apiece

Subscription period: September 22, 2025, to September 24, 2025

Lot size: Minimum bid of 19 shares, amounting to Rs 14,326 at the upper price band

Allotment date: Tentatively on September 25, 2025

Listing date: Tentatively on September 29, 2025, on BSE and NSE

Atlanta Electricals Limited is a Gujarat-based company established in 1998. The company is engaged in the manufacturing of transformers for the power sector.

Financially, for the period ending March 2025, the company reported revenue increasing to Rs 1,250.49 crore and Profit After Tax (PAT) rising to Rs 118.65 crore, compared to FY23's Rs 876.66 crore revenue and Rs 87.54 crore PAT. EBITDA rose from Rs 143.12 crore in FY23 to Rs 199.88 crore in FY25.

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Currently working as a trainee Sub-Editor at Zee Business, Shristi Rani is passionate about storytelling and delivering content that engages diverse audiences across digital platforms.

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