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  1. Atlanta Electricals IPO subscribed 54% so far on day 1: Check price band, lot size, key dates and more

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Atlanta Electricals IPO subscribed 54% so far on day 1: Check price band, lot size, key dates and more

Kamal Joshi

3 min read | Updated on September 22, 2025, 12:22 IST

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SUMMARY

Atlanta Electricals IPO seeks to raise ₹687.34 crore by offering new equity shares valued at ₹400 crore and an offer for sale (OFS) aggregating to ₹287.34 crore.

Atlanta Electricals is a leading manufacturer of power, auto and inverter duty transformers in India in terms of production volume as of the financial year 2024-25. | Image: aetrafo.com

Atlanta Electricals is a leading manufacturer of power, auto and inverter duty transformers in India in terms of production volume as of the financial year 2024-25. | Image: aetrafo.com

Atlanta Electricals IPO: The initial public offering of Atlanta Electricals Ltd, which is into the manufacturing of power, auto and inverter duty transformers, opened for subscription on Monday, September 22.

The initial share sale seeks to raise ₹687.34 crore by offering new equity shares valued at ₹400 crore and an offer for sale (OFS) aggregating to ₹287.34 crore.

Under the OFS, Hemang Harendra Shah, Nimish Harendra Shah, Atlanta UHV Transformers LLP, Gitaben Harshadbhai Mehta, Dhaval Harshadbhai Mehta and Jignesh Suryakant Patel will offload their stake.

The fresh issue proceeds will be used for repayment of certain outstanding borrowings, working capital needs and general corporate purposes.

Atlanta Electricals IPO: Price band and lot size

The price band has been fixed at ₹718 to ₹754 per share, and a lot consists of 19 shares.

Investor CategoryShares Offered
QIBs50%
Retail investors35%
NIIs15%

Atlanta Electricals IPO day 1: Subscription status

The offer has been subscribed to 54% until 12:20 pm on the first day of subscription, with bids for 35,53,285 shares as against 65,38,439 shares on offer, as per the NSE data.

CategorySubscription Status
Qualified Institutional Buyers (QIBs)99%
Non-Institutional Investors30%
Retail Investors41%
Total54%

Atlanta Electricals IPO timeline: Allotment and listing dates

EventDate
Subscription periodSeptember 22 to September 24
Basis of allotmentSeptember 25
Initiation of RefundsSeptember 26
Credit of Shares to DematSeptember 26
Listing dateSeptember 29

Before the IPO, the company raised ₹205 crore from anchor investors, including Kotak Mutual Fund (MF), HDFC MF, Axis MF, ICICI Prudential MF and Pinebridge Global Funds. It allotted 27.15 lakh shares to 15 funds at ₹754 apiece.

Axis Capital and Motilal Oswal Investment Advisors are the IPO's book-running lead managers, while MUFG Intime India is the registrar.

Atlanta Electricals is among India's leading manufacturers of power, auto and inverter duty transformers in terms of production volume as of fiscal year 2025.

Atlanta Electricals IPO latest GMP

According to investorgain.com and media reports, unlisted shares of the Atlanta Electricals IPO are trading at ₹896 per share, reflecting a grey market premium (GMP) of 18.83% over the upper price band of ₹754.
Disclaimer: Grey Market Premium, or GMP, is an unofficial indicator of market sentiment toward an IPO. It is not regulated by the stock exchanges or SEBI. Upstox neither supports nor encourages grey market trading. Investors are advised to conduct their own research or consult an expert before making any investment decisions.
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About The Author

Kamal Joshi
Kamal Joshi is a business journalist who covers industries, markets, and IPOs. He is passionate about breaking news and enjoys playing tennis, especially flexing his backhand. He was previously associated with Republic TV and LatestLY.

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