Atlanta Electricals IPO
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Schedule of Atlanta Electricals
| Issue open date | 22 Sep 2025 |
| Issue close date | 24 Sep 2025 |
| UPI mandate deadline | 24 Sep 2025 (5 PM) |
| Allotment finalization | 25 Sep 2025 |
| Refund initiation | 26 Sep 2025 |
| Share credit | 26 Sep 2025 |
| Listing date | 29 Sep 2025 |
| Mandate end date | 09 Oct 2025 |
| Lock-in end date for anchor investors (50%) | 25 Oct 2025 |
| Lock-in end date for anchor investors (remaining) | 24 Dec 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Atlanta Electricals
Atlanta Electricals Limited is a transformer manufacturing company based in India, with over three decades of experience in designing and producing power, auto, and inverter duty transformers. The company was founded in 1988. Headquartered in Gujarat, the company operates multiple manufacturing facilities across Gujarat and Karnataka, supplying to a wide range of public and private sector clients across 19 states and three union territories. Atlanta Electricals has steadily grown to become one of the significant players in the transformer manufacturing segment by maintaining a focus on quality, operational efficiency, and technical compliance.
Financials of Atlanta Electricals
Issue size
| Funds Raised in the IPO | Amount |
| Total issue | ₹687.34 crores |
| Fresh issue | ₹400.00 crores |
| Offer for sale | ₹287.34 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Capital expenditure | 210 (52.5%) |
| Repayment/pre-payment, in full or in part of outstanding borrowings | 79.1 (19.7%) |
| General corporate purposes and miscellaneous | 110.9 (27.7%) |
Strengths
- Leading transformer manufacturer with 30+ years of experience
- Wide product portfolio tailored to diverse customer needs
- Strong order book with well-diversified customer base
- Robust manufacturing capacity with strict quality compliance
- Consistent financial performance with conservative debt policy
Risks
- Heavy reliance on leased premises for manufacturing operations.
- Customer defaults could significantly impact cash flow stability.
- Delay in Vadod facility setup may affect growth.
- Promoter guarantee revocation may trigger loan repayment obligations.
- Limited legal recourse due to untraceable corporate records.
Allotment Status for Atlanta Electricals
To check your allotment status – click here.
Subscription Figures for Atlanta Electricals
As per media reports (Link), the Grey Market Premium (GMP) of Atlanta Electricals is reported at ₹141 over the IPO price. This metric is not reliable, and to track IPO interest, it is better to check subscription numbers published by exchanges, which are considered more reliable indicators.
Subscription numbers as of 5:00 PM on September 24, 2025:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 18.06 | 3518.58 | 194.77x |
| NII | 13.56 | 757.10 | 55.82x |
| Retail | 31.64 | 340.61 | 10.76x |
| Employees | 0.73 | 2.53 | 3.47x |
| Total | 64.01 | 4618.83 | 72.16x |