IPO Details
Bidding Dates
22 Sept 25 - 24 Sept 25
Price Range ₹
718 - 754
Total Equity
₹ 0.00Cr
Lot Size
19
Exchange Status
NSE,BSE
IPO Doc
Subscription Rate
Non-Institutional Investor
10.42×
Qualified Institutional Buyers
194.92×
Employees
3.29×
Retail Investors
10.42×
Total subscription Rate
70.63×
IPO Timeline
Offer start
22 Sept 2025
Offer end
24 Sept 2025
Allotment
25 Sept 2025
Refund initiation
26 Sept 2025
Demat transfer
26 Sept 2025
Listing
29 Sept 2025
Offer start
22 Sept 2025
Offer end
24 Sept 2025
Allotment
25 Sept 2025
Refund initiation
26 Sept 2025
Demat transfer
26 Sept 2025
Listing
29 Sept 2025
About Company
Incorporated in 1988, Atlanta Electricals Limited is a transformer manufacturer with a strong presence in India’s power and renewable energy ecosystem. The company produces a diverse portfolio of transformers, including power, inverter-duty, furnace, generator, and special-duty transformers, catering to state utilities, private players, and renewable energy projects. As of March 31, 2025, Atlanta had supplied over 4,400 transformers with a total capacity of 94,000 MVA, servicing 208 customers across 19 states and 3 union territories, including marquee names such as GETCO, Adani Green Energy, TATA Power, and SMS India. The company also exports to markets like the United States, Kuwait, and Oman, reflecting global acceptance of its products. With five manufacturing units (four operational and one newly commenced in July 2025 at Vadod), Atlanta leverages strong production capabilities backed by regulatory compliance, safety standards, and a focus on quality.
Year Founded
15-12-1988
Promotor Details
Niral Krupeshbhai Patel
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 94.36 | 0 |
| Share Capital | 67547100 | 0 |
Project Details
- Funding working capital requirements of our Company - 2100cr
- General corporate purposes - 850.33cr
- Repayment/ prepayment, in full or in part, of certain outstanding borrowings availed by our Company - 791.2cr
Objectives
- Repayment/ prepayment, in full or in part, of certain outstanding borrowings availed by our Company
- Funding working capital requirements of our Company
- andGeneral corporate purposes.
Highlights
- Wide range of transformers tailored to varied industries ensures broad market coverage.
- 43% revenue and 87% PAT growth in FY25 reflect operational strength and rising demand.
- ROE (33.91%) and ROCE (39.43%) showcase efficient capital utilization and strong profitability.
- 208 customers across utilities, private players, and renewables, with exports to multiple countries.
- Five units (including the newly operational Vadod plant) enhance scalability.
Challenges
- P/E of 46.3x and P/BV of 23.6x make the IPO appear expensive compared to industry peers.
- Borrowings rose from ₹48.6 Cr in FY24 to ₹141 Cr in FY25, signaling growing leverage.
- Transformer manufacturing requires high capex and working capital, which can pressure cash flows.
- Dependent on infrastructure and power sector spending; slowdown in capex cycles could impact growth.
- Faces competition from established domestic and global transformer manufacturers.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2023 | 5,607.60 | 143.17 | 633.62 | 635.20 | 8.8734 |
| 2022 | 4,145.83 | 143.17 | 875.41 | 874.72 | 12.2193 |
| 2025 | 8,661.89 | 143.17 | 875.41 | 874.72 | 12.2193 |
| 2024 | 5,592.51 | 143.17 | 875.41 | 874.72 | 12.2193 |
| 2021 | 35,463.46 | 1,431.70 | 633.62 | 635.20 | 8.8734 |
