Atlanta Electricals Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹718 - ₹754
- Lot size
- 19 shares
- Issue amount
- ₹687.34 cr
- Total subscription
- 49.91×
- Opens
- 22 Sept 2025
- Closes
- 24 Sept 2025
- Allotment
- 25 Sept 2025
- Listing
- 29 Sept 2025
Offer at a glance
Issue overview
- Issue size
- 91,15,934 shares
- Face value
- ₹2 Per Share
- Minimum investment
- ₹13,642
- Fresh issue
- ₹400 cr
- Offer for sale
- ₹287.34 cr
- Registrar
- Link Intime India Private Ltd (MUFG)
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,326
- Issue type
- Bookbuilding IPO
- Shares before issue
- 7,15,84,800
- Shares after issue
- 7,68,89,839
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 19 | ₹14,326 |
| sHNI | 14 | 266 | ₹2,00,564 |
| bHNI | 70 | 1,330 | ₹10,02,820 |
Share reservation
Subscription & GMP
Subscription by category
Reported 24 Sept 2025
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| RETAIL | 1,66,579 | 13,35,582 |
| EMPLOYEES | 0 | 5,754 |
| HNIs(10L +) | 3,400 | 34,449 |
| HNIs (2-10L) | 1,700 | 76,877 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 136.21 | 16,954.74 |
| FIIs | 0 | 5,234.67 |
| FIs | 0 | 7,395.2 |
| Mutual Funds | 0 | 469.06 |
| Others | 0 | 3,307.18 |
| RETAIL | 238.64 | 2,115.69 |
| HNIs 2+ | 34.09 | 1,576.3 |
| HNIs 10+ | 68.18 | 3,496.92 |
| EMPLOYEES | 5.51 | 16.99 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 16.57 | 8.87 | 12.22 |
| ROE | 33.91 | 27.8 | 53.05 |
| ROCE | 39.43 | 42.34 | 57.99 |
| RONW | 0 | 0 | 0 |
| PRE IPO(PE) | 0 | 0 | 0 |
| POST IPO(PE) | 0 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| Voltamp Transformers Limited | 22.15 | 7125 | 10 | 1569.24 | 20.50 | 321.65 |
| Atlanta Electricals Limited | NA | NA | 2 | 48.88 | 33.91 | 16.57 |
| Transformers and Rectifiers India Limited | 69.97 | 504.45 | 1 | 41.71 | 17.29 | 7.21 |
| Danish Power Limited | 25.8 | 891.3 | 10 | 162.5 | 18.00 | 34.55 |
Company information
Company profile
Atlanta Electricals Limited, established in December 1988, is a transformer manufacturer in India offering power, inverter-duty, furnace, generator, and special-duty transformers. By September 2024, the company had delivered over 4,000 transformers with a total capacity of 78,000 MVA to state and national grids, private companies, and renewable energy projects across 19 states and 3 union territories. It operates three manufacturing plants, two in Anand, Gujarat, and one in Bengaluru, Karnataka, and serves 208 clients including GETCO, Adani Green Energy, TATA Power, and SMS India. The company also exports to the US, Kuwait, and Oman and employs 301 people.
Strengths
- Broad Transformer Portfolio – Extensive range designed to meet diverse customer needs.
- Robust Order Book & Client Network – Strong ties with state utilities, private players, and renewable energy companies ensure steady revenues.
- Experienced Leadership & Skilled Team – Deep industry expertise enables efficient execution of large-scale projects.
Risk factors
- High Regional Dependence – Around 97–99% of revenue comes from Gujarat facilities, making operations vulnerable to regional disruptions.
- Reliance on State Utilities & Policies – With 65–83% revenue from utilities, any slowdown in government spending or policy changes could hit demand.
- Tender-Based Business Risk – Heavy dependence on winning government tenders; failure to secure bids may impact revenue and growth.
Promoters
Krupeshbhai Narharibhai Patel
Niral Krupeshbhai Patel
Amish Krupeshbhai Patel
Tanmay Surendrabhai Patel
Patel Family Trustee Private Limited
Atlanta UHV Transformers LLP
Registrar & documents
Lead manager
Motilal Oswal Investment Advisors Limited, Axis Capital Limited
Registrar & contacts
Link Intime India Private Ltd (MUFG)
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Plot No. 1503/4, GIDC Estate, Vithal Udyognagar, Anand, Gujarat, 388121
+91 6359669331
[email protected]Company website ↗Understanding ATLANTAELE IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.