
Atlanta Electricals IPO
ListedMainboardOpens 22 September 2025Closes 24 September 2025
Atlanta Electricals Limited, incorporated in 1988, is a manufacturer of power, auto, and inverter duty transformers in India. The company offers six main products: power transformers, inverter-duty transformers, furnace…
Atlanta Electricals Limited, incorporated in 1988, is a manufacturer of power, auto, and inverter duty transformers in India. The company offers six main products: power transformers, inverter-duty transformers, furnace transformers, generator transformers, and special-duty transformers. It operates across 19 states and 3 union territories in India and has supplied over 4,000 transformers to state and national grids, private companies, and renewable energy projects.
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Key ratios
As per RHP / filingsTimeline
IPO Opens
22 Sept
IPO Closes
24 Sept
Allotment
25 Sept
Listing
29 Sept
IPO Timeline & Listing Details
| Event | Date |
|---|---|
| IPO Open Date | 22 September 2025 |
| IPO Close Date | 24 September 2025 |
| Allotment Date | 25 September 2025 |
| Listing Date | 29 September 2025 |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Retail (Min) | 1 | ₹14,326 |
Retail (Max)Just less than ₹2,00,000 | 13 | ₹1,86,238 |
SHNI (Min)Just above ₹2,00,000 | 14 | ₹2,00,564 |
SHNI (Max)Below ₹10,00,000 | 69 | ₹9,88,494 |
BHNIAbove ₹10,00,000 | 70 | ₹10,02,820 |
IPO Objectives
- 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.
Strengths
- The company has a wide product range and offers customized solutions for transformers, catering to a diverse range of customers and applications.
- It has a strong order book and a well-diversified customer base that includes big names like GETCO, Adani Green Energy, and TATA Power.
- The business is backed by experienced management, a skilled workforce, and advanced manufacturing facilities that focus on quality and compliance.
- The company has a consistent financial track record of profitability and is a key player in a high-entry-barrier industry.
- It has a broad market presence across 19 states in India and a growing export footprint, with IPO proceeds planned to improve financial health and support growth.
Weaknesses
- The company has a high debt-to-equity ratio of 0.40, which indicates a significant reliance on borrowings and may impact its financial flexibility.
- It is vulnerable to the volatility of raw material prices, particularly for components like copper and steel, which can affect profitability.
- The business faces intense competition in the electrical equipment and transformer manufacturing sector from both domestic and international players.
- The company's P/E ratio appears to be significantly different from that of its peers, which may cause confusion for investors during the valuation process.
- The IPO includes a significant Offer for Sale (OFS) component, meaning a large portion of the proceeds will not be directly invested in the company's growth.
Financial Performance
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets (₹ Cr.) | 866.19 | 559.25 | 560.76 |
| Revenue (₹ Cr.) | 1,250.49 | 872.05 | 876.66 |
| PAT (₹ Cr.) | 118.65 | 63.36 | 87.54 |
| Net Worth (₹ Cr.) | 349.9 | 114.99 | 164.9 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Atlanta Electricals Limited | 23.62 | 46.33 | 33.91% | 349.9 |
| Voltamp Transformers Ltd. | 4.72 | 23.03 | 20.5% | 1,588.24 |
| Transformers And Rectifiers (india) | 12.8 | 61.29 | 17.12% | 1,272 |
Subscription Details
Daily Bids Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 1x | 1.48x | 194.77x |
| NII | 1.03x | 5.72x | 55.82x |
| S-HNI | 1.64x | 7.96x | 50.96x |
| B-HNI | 0.73x | 4.6x | 58.25x |
| RII | 0.99x | 3.04x | 10.76x |
| EMP | 0.59x | 1.51x | 3.47x |
| Total | 1x | 3.15x | 72.16x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 18,06,533 | 35,18,58,587 | 26,530.14 |
| NII | 13,56,425 | 7,57,10,041 | 5,708.54 |
| Small NII | 4,52,142 | 2,30,39,286 | 1,737.16 |
| Big NII | 9,04,284 | 5,26,70,755 | 3,971.37 |
| RII | 31,64,992 | 3,40,61,984 | 2,568.27 |
| EMP | 73,099 | 2,53,384 | 19.11 |
| Total | 64,01,049 | 46,18,83,996 | 34,826.05 |
Company Details
- Atlanta Electricals Ltd.
- Plot No. 1503/4, GIDC Estate, Vithal Udyognagar, Anand, Gujarat-388121
- +91 6359669331
- complianceofficer@aetrafo.com
- https://aetrafo.com/
Registrar Details
- MUFG Intime India Pvt.Ltd.
- +91-22-4918 6270
- atlantaelectricals.ipo@linkintime.co.in
- https://linkintime.co.in/Initial_Offer/public-issues.html
Frequently Asked Questions
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Atlanta Electricals IPO News & Updates
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Atlanta Electricals IPO IPO Pages
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Atlanta Electricals IPO Details
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Atlanta Electricals IPO GMP
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Atlanta Electricals IPO Subscription
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Atlanta Electricals IPO Allotment
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Atlanta Electricals IPO Review
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Atlanta Electricals IPO FAQ
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Atlanta Electricals IPO Registrar
Registrar website and how to check allotment
Atlanta Electricals IPO Timeline
Open, close, allotment, and listing dates
Atlanta Electricals IPO News
Updates, blogs, and latest IPO news
Sources
We match Atlanta Electricals IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- MUFG Intime India Pvt.Ltd.Official site to check allotment status for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.