Atlanta Electricals IPO Details
The key details of Atlanta Electricals’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.
| IPO Size | ₹687.34 Cr |
| Price Range | ₹718 - ₹754 |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Employee Discount | ₹70 |
| Listing at | NSE and BSE |
| Minimum Quantity | 19 |
| Investment (cut-off price) | ₹14,326 |
| Pre IPO Promotor Holding | 94.36% |
| Post IPO Promotor Holding | 86.97% |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Atlanta Electricals IPO Timelines
The IPO process for Atlanta Electricals includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.
22/09/2025
Start Date24/09/2025
End Date26/09/2025
Refund Initiation26/09/2025
Credit of Shares to Demat Ac29/09/2025
Listing DateAtlanta Electricals IPO Lot Size
The Atlanta Electricals IPO has a fixed lot size of 19 shares, at an upper price band of ₹754 per share. For retail investors, the minimum application is 19 shares (1 lot) amounting to ₹14,326, while the maximum is 247 shares (13 lots) worth ₹1,86,238. For Small HNI (S-HNI) investors, the minimum application is 266 shares (14 lots) worth ₹2,00,564, while the maximum is 1,311 shares (69 lots) amounting to ₹9,88,494. Big HNI (B-HNI) investors need to apply for at least 1,330 shares (70 lots), totaling ₹10,02,820.
| 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 | 1311 | ₹9,88,494 |
| B-HNI Minimum | 70 | 1330 | ₹10,02,820 |
Atlanta Electricals IPO Subscription Status
The subscription status for Atlanta Electricals IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 194.77x | 55.82x | 10.76x | 3.47x | 72.16x |
IPO Performance on Listing Day
On the listing day (September 29, 2025), Atlanta Electricals made a strong debut on the stock exchange. The stock opened at ₹857, securing an impressive premium of 13.7% over its issue price of ₹754. The electrical equipment company gained further momentum during early trading, reaching a day high of ₹865, before encountering profit-booking that brought the stock down to a low of ₹806.25. The shares concluded their first trading day at ₹823.35, delivering a solid gain of 9.2% over the issue price, reflecting positive investor confidence in the electrical equipment sector and strong market appetite for power solutions providers despite some intraday volatility.
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹857.00 | ₹823.35 | ₹865.00 | ₹806.25 |
Atlanta Electricals IPO Company Financials
Atlanta Electricals reports robust performance in FY2025 with Total Income of ₹1,250.49 crores, managing expenses at ₹1,091.15 crores, and achieving a strong PAT (Profit After Tax) of ₹118.65 crores, demonstrating significant growth potential ahead of its public offering.
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2023 | ₹876.66 | ₹766.21 | ₹87.54 |
| FY 2024 | ₹872.05 | ₹784.78 | ₹63.36 |
| FY 2025 | ₹1,250.49 | ₹1,091.15 | ₹118.65 |
About Company
Atlanta Electricals Limited, incorporated in December 1988, is a transformer manufacturing company based in India. As of March 31, 2025, its product portfolio includes six types of transformers: power, inverter-duty, furnace, generator, and special-duty transformers. The company serves a wide customer base across 19 Indian states and three union territories, supplying 4,400 transformers with a combined capacity of 94,000 MVA to state and national grids, private entities, and major renewable energy projects.
The company operates five manufacturing facilities, with four currently functional. Two of these are located in Anand, Gujarat, one in Bengaluru, Karnataka, and the most recent unit at Vadod began commercial production in July 2025. As of March 2025, Atlanta Electricals has a customer base of 208, including prominent names such as GETCO, Adani Green Energy, TATA Power, and SMS India. It has also established an international presence by exporting to countries like the United States, Kuwait, and Oman.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 1988 | Electricals | Niral Patel |
Know Before Investing
Atlanta Electricals IPO Strengths
- Atlanta Electricals is among India’s top manufacturers of power, auto, and inverter-duty transformers, including those up to 200 MVA and 220 kV, with a recognized track record in high-value, specialized transformer solutions.
- Revenue grew substantially from ₹625.66 crore in FY22 to ₹872.05 crore in FY24, with consistent profit after tax and robust EBITDA margins above 14% over recent years.
- Over 30 years of industry presence, supplying more than 4,000 transformers totaling over 78,000 MVA across state and national grids, the private sector, and renewables.
- Delivered solutions across 19 states and 3 union territories, catering to government utilities, private infrastructure, and renewable energy projects.
- Positive cash flows from operations and prudent capital allocation support ongoing business needs and new project execution.
- Positioned to benefit from rising electricity demand, grid modernization, and increased investment in renewables and infrastructure across India.
Atlanta Electricals IPO Risks
- A significant portion of revenue is generated from manufacturing operations concentrated in specific regions, exposing the company to regional demand fluctuations and regulatory changes.
- Manufacturing operations rely heavily on leased premises, which may introduce risks related to lease renewals, rent escalations, or sudden termination and relocation needs.
- Default or delayed payments by large customers could significantly impact cash flow stability and overall business performance.
- Any delay in executing large projects, such as the Vadodara expansion, could affect planned revenue growth, cost management, and operational scalability.
- Faces strong competition from established Indian and global transformer manufacturers, potentially impacting market share and profit margins.
- Dependence on particular vendors for raw materials may expose the company to supply disruption, price volatility, and input quality risks.
- Business heavily depends on utilities, grid investments, and infrastructure capex cycles that are subject to broader economic and policy cycles.
Swot Analysis for Atlanta Electricals IPO
Strengths
Capacity Expansion, Financial Prudence, Capacity Expansion
Weaknesses
Heavy Reliance on Leased Facilities, Geographical Concentration, Limited Downstream Diversification
Opportunities
Grid Modernization Push, Sustainability and Green Energy, Aftermarket & AMC Services
Threats
Intense Competition, Raw Material Price Volatility, Supply Chain Vulnerabilities
Company Details
Atlanta Electricals Ltd.
Plot No. 1503/4, GIDC Estate, Vithal Udyognagar, Anand – 388 121, Gujarat, India
Phone: +91 6359669331
Email: complianceofficer@aetrafo.com
Website: https://aetrafo.com/
IPO Registar Details
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
FAQs
The key objectives of Atlanta Electricals IPO are:
- Repayment/ prepayment, in full or in part, of certain outstanding borrowings availed by the Company
- Funding working capital requirements of the Company
- General corporate purposes
Motilal Oswal Investment Advisors Ltd. , Axis Capital Ltd. are the book-running lead managers for the Atlanta Electricals IPO.
Atlanta Electricals IPO holds strong growth potential as rising electricity demand and government investments in transmission and renewable integration fuel sector expansion. With opportunities in grid upgrades and infrastructure development, the company is positioned to benefit, though execution efficiency, pricing, and working capital management remain crucial for sustained performance.
The issue price for the Atlanta Electricals IPO is set between ₹718 to ₹754 per share.
To invest in one lot of Atlanta Electricals IPO, you need ₹13,642 at the lower price band (₹718 per share) or ₹14,326 at the upper price band (₹754 per share) for a lot size of 19 shares.
Atlanta Electricals IPO shares are scheduled to be listed on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on September 29, 2025.
Refund/unblocking of funds for Atlanta Electricals IPO will begin on September 26, 2025. ASBA/UPI blocks will be removed within 1 working day.
You can sell shares your Atlanta Electricals IPO shares on listing day (September 29, 2025) after they are credited to your demat account. If you want to sell in the pre-open market, the timing for that session is from 9:00 AM to 9:15 AM. Otherwise, you can sell after 10:00 AM during regular trading hours.