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Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Atlanta Electricals Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
Key metrics and details at a glance.
Price Band
₹754
Per ShareLot Size
19 Shares
Minimum Investment
₹14,326
Issue Size
₹687.34 Cr
Face Value
₹2
Per ShareIPO Type
Book Building
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
Important dates for your applying strategy.
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
94.36%
Promoter Holding (Post-Issue)
87.28%
Issue Type
Book Building
ISIN
INE0Z4F01028
We are a transformer manufacturer in India specializing in power, auto and inverter duty transformers up to and including 200 Mega Volt-Amp ("MVA") capacity and with 220 kilovolts ("kV") voltage prior to the acquisition of BTW-Atlanta Transformers India Private Limited and the commissioning of our Vadod Unit. Following these developments, we have enhanced our manufacturing capabilities and are now able to produce transformers with a rated capacity of up to 500 MVA and with 765 kV. With over 30 years of experience and as of March 31, 2025, we have supplied 4,400 transformers, totalling to 94,000 MVA, across 19 states and three union territories.
The global transformers market is experiencing accelerated growth, driven by the increasing demand for power and rapid industrialization worldwide. As economies prioritize energy efficiency and reduced carbon emissions, the need to upgrade and expand power infrastructure has become paramount. India's transformer market is driven by the relentless growth in electricity demand, with per capita consumption surging by over 50% in the last decade. The government is also investing in the renewable energy sector and expanding the power transmission network, which will create opportunities for the transformer market's growth. During the last five years (2019-2023), the global transformer market has grown at a CAGR of ~4.9%, and is expected to grow at an annual growth rate of ~7.43% between Fiscals 2024-2030. Further, the domestic transformer market is expected to grow by 7-8% in 2025. The transformer segment has registered a growth of 10.4% in between 2019-23 and is expected to grow at CAGR of ~6-7% from 2024-2030.
Revenue, profit after tax and total assets across the last 3 reported financial years.
Amount in ₹ crore
How the company plans to utilize IPO proceeds.
The funds raised through this IPO will be used for:
Initial public offering of up to 9,122,720 equity shares of face value of Rs. 2/- each ("Equity Shares") of Atlanta Electricals Limited ("Company" or "Issuer") for cash at a price of Rs. 754 per equity share (including a Share Premium of Rs. 752 per Equity Share) ("Offer Price") aggregating up to Rs. 687.34 crores (the "Offer") comprising of a fresh issue of up to 5,311,825 equity shares of face value of Rs. 2/- each aggregating up to Rs. 400.00 crores ("Fresh Issue") and an offer for sale of up to 3,810,895 equity shares of face value of Rs. 2/- each ("Offered Shares") aggregating up to Rs. 287.34 crores comprising up to 435,900 equity shares of face value of Rs. 2/- each by Atlanta UHV Transformers LLP, aggregating up to Rs. 32.87 crores, up to 666,560 equity shares of face value of Rs. 2/- each by Hemang Harendra Shah aggregating up to Rs. 50.26 crores, up to 777,185 equity shares of face value of Rs. 2/- each by Nimish Harendra Shah aggregating to Rs. 58.60 crores, up to 217,500 equity shares of face value of Rs. 2/- each by Dhaval Harshadbhai Mehta (Held Jointly with Avanee Dhavalbhai Mehta) aggregating up to Rs.16.4 crores, up to 326,250 equity shares of face value of Rs. 2/- each by Gitaben Harshadbhai Mehta (Held Jointly with Harshadbhai Amritlal Mehta) aggregating up to Rs. 24.60 crores and up to 1,387,500 equity shares of face value of Rs. 2/- each by Jignesh Suryakant Patel aggregating up to Rs. 104.62 crores (Collectively, "Selling Shareholders" and such offer for sale of equity shares by the selling shareholders, the "Offer for Sale"). Price Band: Rs. 754/- for equity share of face value of Rs. 10 each. The floor price is 75.4 times times the face value of the face value of the equity shares. Bids can made for a minimum of 19 equity shares and in multiples of 19equity shares thereafter. A discount of Rs. 70 per equity share is being offered to eligible employees bidding in the employee reservation portion.
*Subject to approvals and market conditions.
Key competitive advantages and factors to consider before investing.
Live demand across investor categories.
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*Real-time data subject to exchange updates
Our Company was incorporated as `Atlanta Electricals Private Limited' as a private limited company under the Companies Act, 1956 pursuant to a certificate of incorporation dated December 15, 1988, issued by the Registrar of Companies, Gujarat, Dadra and Nagar Haveli, at Ahmedabad ("RoC"). Upon the conversion of our Company into a public limited company, pursuant to a board resolution dated March 18, 1996, and a shareholders' resolution dated April 2, 1996, the name of our Company was changed to "Atlanta Electricals Limited", and a fresh certificate of incorporation dated April 10, 1996, was issued by the RoC. Pursuant to a board resolution dated February 21, 2003, and a shareholders' resolution dated March 17, 2003, our Company was converted into a private limited company and consequently, the name of our Company was changed to "Atlanta Electricals Private Limited", and a fresh certificate of incorporation dated March 31, 2003, was issued by the RoC. Subsequently, pursuant to a Board resolution dated November 11, 2024 and a Shareholders' resolution dated November 14, 2024, our Company was converted into a public limited company and consequently, the name of our Company was changed to "Atlanta Electricals Limited" and a fresh certificate of incorporation dated December 20, 2024 was issued by the RoC.
Wholesaler and Retailer
Amount in ₹ crore
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY26.