The Gujarat-Based Atlanta Electricals’ IPO Opens Today and Will Close on September 24. The price band is ₹ 718-754 per share and investors can apply in lots of 19 shares. The ₹ 687-Crore iPo is a combination of a fresh issue Worth ₹ 400 Crore and An Offer-For-SALE (ofs) of 38.1 Lakh Equity Shares Valued at ₹ 287 Crore by a promoter and in Selling Sharehlders. Up to 50 per cent of the quota is reserved for qualified Institutional Buyers (QIBS), 15 per cent for non-institutional investors (NIIS) and the remain 35 per cent for retail investors.
Atlanta Electricals Ltd on Friday raised ₹ 205 Crore from Anchor Investors, Who Included Kotak Mutual Fund (MF), Axis MF, HDFC MF, ICICI PRUDENINIL MF and PINEBRIDIDGE Global Funds. It has allotted 27.15 lakh equity shares to 15 funds at Rs 754 a share.
The company proposes to utilize the issue proceeds for payment of debt, Working Capital Requirements and for General Corporate Purposes.
The company is one of India’s Leading Manufacturers of Power, Auto, and Inverter Duty Transformers by Production Volume as of Fiscal 2025. Ltd and commissioning its Vadodara Unit, Ael Produced Transformers Up to 200 MVA CAPACITY with Voltage Rating of 220 kv. Post these expansions, the company now manufactures transforms with capacities up to 500 MVA and voltages up to 765 kv, significantly enhancing its production capsuction capabilityies.
Motilal Oswal Investment Advisors and Axis Capital are the Book-Running Lead Manners to the Issue. Atlanta Electricals is expected to make its stock market debut on September 29.
Brokers’ views
Anand Rathi: Atlanta Electricals Ltd is amon the prominent manufacturers of power, auto, and inverter duty transformers in India. Its diversified product portfolio is supported by innovation and focused product development. Solutions are designed to align with Specific Customer Requirements, ENSURING Flexibility and Reliability. A Robust Order Book Provides Strong Visibility for Future Growth and Operational Stability. The company also benefits from a well-express customer base across multiple industries and regions. Its advanced manufacturing facilitations Emphasis Superior Quality, Efficiency, and Technological Excellence.
At the upper price band, the company is valued at a p/e of 48.8x to it fy25 earnings, with evitda of 30.1x and market cap of ₹ 57,975 Million Post Issue of Equity Shares.
We believe that IPO is full priced and recommend a “subscribe-long term” rating to the IPO.
Published on September 22, 2025