Atlanta Electricals IPO: Check IPO Date, Live Subscription and Key Details
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.
Price Range
₹718.0 - ₹754.0
Issue Size
₹687.34 Cr
Lot Size
19 shares
IPO Type
Mainboard
GMP
₹114(+15.12%)
Est. Listing Price
₹868
Estimate Profit
₹2,166
Retail Portion
-
Key Metrics
Check Live GMPGMPFace Value
₹2
EPS
16.57
P/E Ratio
46.33
RoNW
33.91%
ROE
33.91%
Debt to Equity
0.4
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Timeline
IPO Opens
22 Sept
IPO Closes
24 Sept
Allotment
25 Sept
Listing
29 Sept
IPO Timeline & Listing Details
| Event | Date | Details |
|---|---|---|
| IPO Open Date | 22 September 2025 | Subscription starts |
| IPO Close Date | 24 September 2025 | Subscription ends |
| Allotment Date | 25 September 2025 | Allotment |
| Listing Date | 29 September 2025 | Listing |
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.
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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 |
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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
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