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Atlanta Electricals IPO: Atlanta Electricals Ltd launched its initial public offering (IPO) today, September 22. The Rs 687.34 crore issue comprises a fresh issue of Rs 400 crores and an offer for sale (OFS) of Rs 287.34 crores. As per provisional exchange data, the issue was subscribed 97 per cent first day of bidding.

Investors bid for 63.51 lakh shares out of 65.38 lakh shares offered. Qualified Institutional Buyers (QIBs) bid for 18.13 lakh shares against the 18.05 lakh reserved. Non-Institutional Investors (NIIs) portion received full bids for 13.96 lakh shares allotted. Retail Individual Investors (RIIs) bid 0.95 times, translating to 30.99 lakh shares out of the 32.59 lakh shares reserved for them.

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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 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

Bidding 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

Established in 1998, Atlanta Electricals Ltd is a Gujarat-based company engaged in the manufacturing of transformers for the power sector. The company operates five manufacturing facilities with a combined installed capacity of 47,280 MVA. 

Atlanta Electricals Ltd. has shown significant financial growth in the period ending March 2025, with 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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