Atlanta Electricals IPO: Price Band, Analysis, Allotment, And GMP

Table of Contents

• Atlanta Electricals IPO - Company Analysis
  
  

• Atlanta Electricals IPO Details
  
  

• Hidden Facts about the IPO
  
  

• Industry Outlook
  
  

• Company Financials
  
  

• The Objective of The Issue
  
  

• Listed Peers of Atlanta Electricals Ltd.
  
  

• Evaluation of P/E Ratio
  
  

• IPO's Strengths
  
  

• IPO’s Weaknesses
  
  

• Atlanta Electricals IPO GMP
  
  

• IPO Summary
  
  

• IPO Lot Size
  
  

• IPO Reservation
  
  

• IPO Allotment Status
  
  

• Promoters And Management
  
  

• Lead Managers
  
  

• Dividend Policy
  
  

• Conclusion
  
  

• FAQs
  
  

Atlanta Electricals IPO - Company Analysis

• Company: Atlanta Electricals Ltd. (Incorporated in 1988).
  
  

• Products: Power transformers, auto transformers, inverter duty transformers.
  
  

• Market Reach: 4,400 transformers supplied with combined capacity of 94,000 MVA.
  
  

• Clients: State/national grids, private companies, renewable energy projects.
  
  

• Operations: Present across 19 Indian states and 3 union territories.
  
  

• Manufacturing Units: 5 total (4 active) — 2 in Anand (Gujarat) and 1 in Bengaluru (Karnataka).
  
  

Atlanta Electricals IPO Details

• IPO Opening Date: Sep 22, 2025
  
  

• IPO Closing Date: Sep 24, 2025
  
  

• IPO Allotment Date: Sep 25, 2025
  
  

• Refund Initiation: Sep 26, 2025
  
  

• Tentative Listing Date: Sep 29, 2025 (BSE & NSE)
  
  

• Issue Size: Rs. 687.34 Cr (91.15 lakh shares)
  
  

• Fresh Issue: 53.05 lakh shares worth Rs. 400 Cr
  
  

• Offer for Sale: 38.10 lakh shares worth Rs. 287.34 Cr
  
  

• Price Band: Rs. 718 – Rs. 754 per share
  
  

• Lot Size: 19 shares per lot
  
  

• Registrar: MUFG Intime India Pvt. Ltd.
  
  

• Issue Type: Book Built Issue IPO
  
  

Hidden Facts about the IPO

• A civil lawsuit is underway over land acquisition for the Vadod unit (worth Rs. 55.62 million).
  
  

• AEL loaned Rs. 804.59 Cr to its subsidiary BTW-Atlanta Transformers for debt repayment linked to a previous Chinese JV.
  
  

• This unusual circular fund flow raises concerns around debt-equity structure.
  
  

Industry Outlook

• Domestic transformer market grew 10.4% (2019–2023).
  
  

• Projected CAGR: 6–7% (2024–2030).
  
  

Company Financials

(As of March 31)

• Total Assets:
  
  

• FY25 – Rs. 866.19 Cr
  
  

• FY24 – Rs. 559.25 Cr
  
  

• FY23 – Rs. 560.76 Cr
  
  

• Total Revenue:
  
  

• FY25 – Rs. 1,250.49 Cr
  
  

• FY24 – Rs. 872.05 Cr
  
  

• FY23 – Rs. 876.66 Cr
  
  

• PAT (Profit After Tax):
  
  

• FY25 – Rs. 118.65 Cr
  
  

• FY24 – Rs. 63.36 Cr
  
  

• FY23 – Rs. 87.54 Cr
  
  

• EBITDA:
  
  

• FY25 – Rs. 199.88 Cr
  
  

• FY24 – Rs. 123.16 Cr
  
  

• FY23 – Rs. 143.12 Cr
  
  

• Net Worth: