Atlanta Electricals IPO Upcoming
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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
*All figures are in ₹ Crores.
Issue size
| Funds Raised in the IPO | Amount |
| Fresh issue | 400 |
| Offer for sale | Up to 3,810,895 Equity Shares |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Capital expenditure | 210 |
| Repayment/pre-payment, in full or in part of outstanding borrowings | 79.1 |
| General corporate purposes | The amount utilised for general corporate purposes shall not exceed 25% of the Gross Proceeds |
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.