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Atlanta Electricals IPO
The Atlanta Electricals IPO is seeking to raise ₹687.34 crore through a public issue of equity shares via a book-built issue comprising both primary and secondary elements. The fresh issue has 53,05,039 equity shares, out of which 38,10,895 shares are to be offered by existing shareholders, including Atlanta UHV Transformers LLP and individual promoter shareholders. The IPO period for subscription will be between September 22 and September 24, 2025. The company has fixed the price band of the issue between ₹718 and ₹754 per share. Minimum application for retail investors is 19 shares, meaning the required investment is around ₹14,326 at the higher end of the pricing band. The company anticipates shares to be listed on the BSE and NSE by September 29, 2025.
Company Background
Atlanta Electricals Ltd., headquartered in Anand, Gujarat, is one of the largest power transformer manufacturers in India, manufacturing power, auto and inverter duty transformers with installed manufacturing capabilities providing transformers with an output of up to 200 MVA and 220 kV voltage class. Atlanta Electricals started business a little over 30 years ago and has established a strong presence, featuring an established customer base through 19 states and three union territories within India, with more than 4000 transformers with a total capacity of approximately 78000 MVA sold. The products of Atlanta Electricals are critical components for power transmission and renewable energy integration, as well as industrial power supply solutions, making them an important component within India’s electric supply infrastructure.
Operations & Product Range
Facility & Production
Atlanta Electricals manufactures power transformers, distribution transformers and special application transformers. Its manufacturing facilities are located at the GIDC Estate in Vitthal Udyognagar near Anand. The company has modern production lines to produce transformers ranging from 5 MVA/11 kV to 200 MVA/220 kV. The company is focused on manufacturing premium transformer products discovered most often in state and national electrical grids and even in private sector or renewable energy applications. Their production emphasizes quality and compliance with stringent industry standards.
Brands & Market Presence
The company manufactures for the distribution energy market and power infrastructure market across the country under the Atlanta brand. Atlanta transformers reach state electrical board markets, private utility markets and renewable energy developers and in the industrial market in regional density across India. Products for the Atlanta brand have been highlighted for their efficiency and reliability, featuring locally manufactured sustainable energy products often used in grid stability for renewables infrastructure.
Revenue Channels
- Sales of power, distribution and special application transformers in a range of voltages and capacities.
- Project contracts from public utility, private sectors and renewable energy farms yield continued volume and business repeatability.
- Additional revenue from maintenance services and customization for users expands client base retention and margin.
- Growing renewable energy market trends drive demand for specialized transformers used in solar and wind power systems.
Management & Shareholding
Promoters & Shareholding
The primary promoters of Atlanta Electricals consist of firms, including the Atlanta UHV Transformers LLP and individuals like Nimish Harendra Shah, Hemang Harendra Shah and Dhaval Harshadbhai Mehta, who hold significant shareholding while offering part of their stake through the Offer for Sale. The fresh issue enables fundraising for growth while OFS creates some liquidity for early-stage investors.
Board Members
The board of Atlanta Electricals consists of industry veterans who are involved in oversight of operations, finance and compliance. The book-running lead managers, Motilal Oswal Investment Advisors Ltd and Axis Capital Ltd, will support the IPO process alongside MUFG Intime India Pvt Ltd, which will act as the registrar.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Atlanta Electricals IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Atlanta Electricals IPO Details
| Detail | Description |
|---|---|
| IPO Date | September 22, 2025 to September 24, 2025 |
| Listing Date | [.] |
| Face Value | ₹2 per share |
| Issue Price Band | ₹718 to ₹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 |
Atlanta Electricals IPO Timeline
| Detail | Description |
|---|---|
| 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 |
Atlanta Electricals 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 |
Atlanta Electricals IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Promoter Holding Pre Issue | 94.36% |
| Promoter Holding Post Issue | 86.97% |
Competitive Strength:
- • Extensive experience with over three decades in transformer manufacturing, equipped with facilities for high-capacity transformers.
- • Over time, the company has built a strong pan-India customer base of >4,000 transformers, totaling nearly 78,000 MVA of capacity, with a reputed customer base.
- • The company has a comprehensive offering of transformers suitable for power utility, renewable energy and industrial power sectors.
- • The company has a strong track record of revenue and profitability, suggestive of operational excellence and market robustness in a very competitive market.
- • Experienced promoter engagement and relationships with various supply chain partners provide confidence in continued demand and execution of orders
Atlanta Electricals IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2025 | 866.19 | 1,250.49 | 118.65 | 349.9 | 141.03 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 559 | 872 | 63 | 228 | 48.6 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 560.76 | 876.66 | 87.54 | 164.90 | 73.09 | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 33.91% |
| ROCE | 39.43% |
| Debt/Equity | 0.4 |
| RoNW | 33.91% |
| PAT Margin | 9.54% |
| EBITDA Margin | 16.07% |
| Price to Book Value | 23.62 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 16.57 | |
| P/E (x) | 46.33 |
Objectives of Atlanta Electricals IPO
- Partially repay and pre-pay existing borrowings to strengthen the balance sheet.
- Meet working capital requirements and improve inventory management.
- Use remaining proceeds for general corporate purposes and growth.
Conclusion
Atlanta Electricals IPO offers potential investors a chance to participate in India’s power transformer manufacturing sector. With decades of experience, a large product portfolio, and a clear capital deployment strategy, the IPO strengthens Atlanta’s position in energy distribution and renewable integration.
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Frequently asked Questions (FAQs )
-
When does the Atlanta Electricals IPO open and close?
The IPO opens on September 22, 2025 and closes on September 24, 2025.
-
What is the IPO price band and lot size?
The price band is ₹718 to ₹754 per share with a minimum lot size of 19 shares.
-
How much does the IPO aim to raise?
Total issue size is ₹687.34 crore, including fresh issue and offer for sale.
-
Who are the promoters of Atlanta Electricals IPO?
Promoters include Atlanta UHV Transformers LLP and individuals Nimish Shah, Hemang Shah and others.
-
What products does the company manufacture?
Power, auto and inverter duty transformers ranging from 5 MVA/11 kV to 200 MVA/220 kV.
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How will the Atlanta Electricals IPO proceeds be used?
For debt repayment, working capital needs and general corporate purposes.
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