Atlanta Electricals Limited is a leading transformer manufacturer in India, specializing in power, auto, and inverter duty transformers. Prior to acquiring BTW-Atlanta Transformers India Private Limited and commissioning its Vadod Unit, the company produced transformers up to 200 MVA and 220 kV. With enhanced capabilities, it now manufactures transformers with a rated capacity of up to 500 MVA and 765 kV. Backed by over 30 years of expertise, Atlanta Electricals has supplied 4,400 transformers totaling 94,000 MVA across 19 states and three union territories as of March 31, 2025. The company has achieved robust growth, with revenue rising from ₹8,738.83 million in Fiscal 2023 to ₹12,441.80 million in Fiscal 2025, a CAGR of 19.32%.
Price Band₹718 - ₹754 |
Dates22 Sep - 24 Sep |
GMP₹130 (17.24%) |
Subscriptions70.63 times |
Issue Size₹687.34 Crs |
Atlanta Electricals IPO Objects
- Repayment of certain outstanding borrowings availed by our Company
- Funding working capital requirements of our Company
- General corporate purposes
Atlanta Electricals IPO Details
Price Band₹718 - ₹754 |
Listing AtNSE & BSE |
IPO Issue Type100% Book Built Offer |
Fresh Issue₹400.00 Cr (0.53 Cr Shares) |
Offer For Sale₹287.34 Cr (0.38 Cr Shares) |
Total Issue₹687.34 Cr (0.91 Cr Shares) |
Face Value₹2 per equity share |
Atlanta Electricals IPO Lot Information
| Investor Category | Lot | Shares | Amount | |
|---|---|---|---|---|
| Retail |
Minimum
1
19
14,326
Maximum
13
247
1,86,238
|
|||
| Small HNI |
Minimum
14
266
2,00,564
Maximum
69
1,311
9,88,494
|
|||
| Big HNI |
Minimum
70
1,330
10,02,820
|
|||
Atlanta Electricals IPO Subscription
Updated as on 24-Sep-2025 19:00:00
| Investor Category | Subscription (times) | Shares Offered | Shared Bid |
|---|---|---|---|
| QIB | 194.92 | 18,05,134 | 35,18,58,587 |
| NII | 54.20 | 13,96,844 | 7,57,15,912 |
| bNII (bids above ₹10L) | 56.56 | 9,31,230 | 5,26,70,755 |
| sNII (bids between ₹2L to ₹10L) | 49.49 | 4,65,614 | 2,30,45,157 |
| Retail | 10.42 | 32,59,301 | 3,39,59,707 |
| Employee | 3.29 | 77,160 | 2,53,536 |
| Total | 70.63 | 65,38,439 | 46,17,87,742 |
Atlanta Electricals IPO GMP
The estimated Grey Market Premium of Atlanta Electricals IPO is ₹130 per share (17.24%)
Disclaimer: The GMP prices displayed here reflect news related to grey market trends. We do not trade or deal in the grey market, including subject-to-rates, nor do we recommend participating in grey market trading.
Category Allocation
| Particulars | Allocation |
|---|---|
| QIBs | Not more than 50% of Net Offer |
| Big HNIs (NII) | Not less than 10% of Net Offer |
| Small HNIs (NII) | Not less than 5% of Net Offer |
| Retail | Not less than 35% of Net Offer |
| Employee | Rs. 5 Cr |
Atlanta Electricals IPO Financials
| Particulars | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| Revenue from Operations | 1,244.18 | 867.55 | 873.88 |
| Profit after Tax | 118.65 | 63.52 | 87.47 |
| Net Worth | 349.90 | 228.47 | 164.90 |
| Total Borrowing | 141.03 | 48.60 | 73.09 |
| Total Assets | 866.19 | 866.19 | 560.76 |
| NAV per share (in ₹) | 48.88 | 31.92 | 23.03 |
| EPS - Basic (in ₹) | 16.57 | 8.87 | 12.22 |
The financial information presented is on a consolidated basis.
Key Performance Indicators
| KPI | Values |
|---|---|
| EBITDA | 16.07% |
| PAT | 9.54% |
| ROE | 33.91% |
| ROCE | 39.43% |
| PE Ratio | 45.50 |
| PB Ratio | 15.43 |
| Mkt Cap (in Crs.) | 5,797.49 |
All the data pertains to FY 2024-25. PE, PB, and market capitalization are calculated based on the Upper Price Band.
Atlanta Electricals IPO Peer Comparision
| Particulars | Atlanta Elec | Voltamp Transformers | Transformers & Rectifiers | Danish Power |
|---|---|---|---|---|
| Revenue from Ops (in Crs.) | 1,244.18 | 1,934.23 | 2,019.38 | 426.71 |
| PAT (In Crs.) | 118.65 | 325.43 | 216.44 | 57.59 |
| EPS - Basic | 16.57 | 321.65 | 7.21 | 34.55 |
| NAV per share | 48.88 | 1,569.24 | 41.71 | 162.50 |
| RONW | 33.91% | 20.50% | 17.29% | 18.00% |
| EBITDA | 16.07% | 23.31% | 17.95% | 20.87% |
| PAT Margin | 9.54% | 16.82% | 10.72% | 13.50% |
| Price to earning (PE) | 45.50 | 22.15 | 69.97 | 25.80 |
All information pertains to FY 2024-25. PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of September 11, 2025 for Peers
Atlanta Electricals IPO Peer Comparision
| Particulars | Atlanta Elec |
|---|---|
| Revenue from Ops (in Crs.) | 1,244.18 |
| PAT (In Crs.) | 118.65 |
| EPS - Basic | 16.57 |
| NAV per share | 48.88 |
| RONW | 33.91% |
| EBITDA | 16.07% |
| PAT Margin | 9.54% |
| Price to earning (PE) | 45.50 |
| Voltamp Transformers | Transformers & Rectifiers | Danish Power |
|---|---|---|
| 1,934.23 | 2,019.38 | 426.71 |
| 325.43 | 216.44 | 57.59 |
| 321.65 | 7.21 | 34.55 |
| 1,569.24 | 41.71 | 162.50 |
| 20.50% | 17.29% | 18.00% |
| 23.31% | 17.95% | 20.87% |
| 16.82% | 10.72% | 13.50% |
| 22.15 | 69.97 | 25.80 |
All information pertains to FY 2024-25. PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of September 11, 2025 for Peers
Promoter Details
| Name | Shareholding |
|---|---|
| Krupeshbhai Patel | 8.25% |
| Niral Patel | 8.91% |
| Amish Patel | 8.91% |
| Tanmay Patel | 7.53% |
| Narharibhai Family Trust | 46.87% |
| Atlanta LLP | 13.90% |
| Others | 5.20% |
| Total | 99.57% |
Management Details
| Name | Designation |
|---|---|
| Niral Patel | Chairman and MD |
| Akshay Mathur | CEO |
| Mehul Mehta | CFO |
Company Details
Name: Atlanta Electricals Limited
Address: Plot No. 1503/4, GIDC Estate,
Vithal Udyognagar, Anand – 388
121, Gujarat, India
Number: +91 63596 69331
Email: complianceofficer@aetrafo.com
Website: www.aetrafo.com
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Visit WebsiteFrequently Asked questions?
Find answers to common questions that come in your mind related to IPO.
Atlanta Electricals IPO is a Mainboard IPO having an issue size of Rs. ₹687.34 Crs. Atlanta Electricals IPO is priced at ₹718 - ₹754 per share. The issue opens on 22 Sep 25 and closes on 24 Sep 25.
Atlanta Electricals IPO opens on 22 Sep 25 and closes on 24 Sep 25.
The estimated Grey Market Premium of Atlanta Electricals IPO is ₹130 per share (17.24%).
The minimum lot size of Atlanta Electricals IPO is 19 shares & the minimum application amount is Rs. 14326.
The allotment date of Atlanta Electricals IPO is 25 Sep 25.
The listing date of Atlanta Electricals IPO is 29 Sep 25.
Atlanta Electricals IPO is subscribed 70.63 times.
Atlanta Electricals IPO is priced at ₹718 - ₹754 per share.
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