Atlanta Electricals IPO: The initial public offering (IPO) of Atlanta Electricals Ltd concluded the second day of bidding with the issue subscribed 3.07Â times, as per provisional exchange data. The company aims to raise Rs 687.34 crore through the public offering.
Atlanta Electricals IPO subscription status:
Investors bid for around 2 crore shares against the 65.38 lakh shares on offer. Qualified Institutional Buyers (QIBs) subscribed 1.48 times, Non-Institutional Investors (NIIs) subscribed 5.55 times, and the Retail Individual investors (RIIs) subscribed 2.93 times.
In simpler terms, QIBs bid for 26.69 lakh shares against the allotted 18.05 lakh shares, NIIs have bid for 75.57Â lakh shares against the 13.96 lakh shares reserved, and RIIs have bid for 95.56Â lakh shares against the reserved portion of 32.59 lakh shares.
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Atlanta Electricals IPO details:
The IPO is a book-built issue of Rs 687.34 crore, comprising a fresh issue of Rs 400 crore and an offer-for-sale (OFS) of Rs 287.34 crore worth of equity shares from existing shareholders. The company intends to use the IPO proceeds to repay outstanding debt, fund working capital requirements and for general corporate purposes.
Price band: Rs 718 to Rs 754 apiece
Subscription period: September 22, 2025, to September 24, 2025
Lot size: Minimum bid of 19 shares, amounting to Rs 14,326 at the upper price band
Allotment date: Tentatively on September 25, 2025
Listing date: Tentatively on September 29, 2025, on BSE and NSE
Company profile:
Atlanta Electricals Limited is a Gujarat-based company established in 1998. The company is engaged in the manufacturing of transformers for the power sector.
Financially, for the period ending March 2025, the company reported revenue increasing to Rs 1,250.49 crore and Profit After Tax (PAT) rising to Rs 118.65 crore, compared to FY23’s Rs 876.66 crore revenue and Rs 87.54 crore PAT. EBITDA rose from Rs 143.12 crore in FY23 to Rs 199.88 crore in FY25.
