Atlanta Electricals IPO Subscription Status (Day 2)
By the end of Day 2, the IPO was fully subscribed:
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Overall Subscription: 1.00x
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Retail Investors: 0.99x
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Non-Institutional Investors (NII): 1.03x
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Qualified Institutional Buyers (QIBs): 1.00x
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Employee Portion: 0.59x
The issue received bids for 64 lakh shares against 64 lakh shares on offer, indicating balanced demand across categories.
Atlanta Electricals IPO GMP Today
In the grey market, Atlanta Electricals IPO GMP is trending around ₹95. This suggests the shares could list near ₹849, offering a potential listing gain of 12.60% over the upper price band of ₹754. The steady premium reflects investor confidence in the company’s fundamentals and sector outlook.
Issue Structure
The IPO consists of:
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Fresh Issue: 0.53 crore shares worth ₹400 crore
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Offer for Sale (OFS): 0.38 crore shares worth ₹287.34 crore
For retail investors, the minimum bid lot is 19 shares, requiring an investment of ₹14,326 at the upper price band. The basis of allotment will be finalized on September 25, 2025.
About Atlanta Electricals Limited
Incorporated in 1988, Atlanta Electricals Limited manufactures power, auto, inverter-duty, furnace, generator, and special-duty transformers. The company has supplied 4,400 transformers totaling 94,000 MVA across 19 states, serving government utilities, private players, and renewable energy projects.
It operates five manufacturing facilities, including two in Anand (Gujarat), one in Bengaluru (Karnataka), and a new unit in Vadodara (Gujarat), which began production in July 2025.
Brokerages’ View – Apply or Not?
Leading brokerages are cautiously optimistic:
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Anand Rathi: Rated the IPO as Subscribe – Long Term, citing a strong order book, diversified product portfolio, and favorable sector outlook, while noting valuations are on the higher side.
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Geojit: Also recommended Subscribe (Long Term), highlighting strong fundamentals, capacity expansion, and robust demand in India’s power infrastructure sector.
At the upper price band of ₹754, the stock is valued at a P/E of 49x (FY25 basis), considered premium compared to peers.
Disclaimer
This article is for informational purposes only and does not constitute financial advice or a recommendation to buy, sell, or subscribe to the IPO. Investors are advised to consult with their financial advisors or certified professionals before making any investment decisions. Market investments are subject to risks, including potential loss of capital.
