Mumbai: Atlanta Electricals Limited has announced the launch of its Initial Public Offering (IPO), aggregating up to ₹687 crore.
The Atlanta Electricals IPO will open for public subscription on Monday, September 22, 2025, and close on Wednesday, September 24, 2025. The Anchor Investor bidding will begin earlier on Friday, September 19, 2025.
Atlanta Electricals IPO: Price Band and Bid Details
The price band for the Atlanta Electricals IPO has been fixed between ₹718 and ₹754 per equity share of face value ₹2 each. Bids can be placed for a minimum of 19 equity shares and in multiples thereof.
Also Read: Bajel Projects to Invest INR 170 Crore to Double Galvanization Capacity in Maharashtra
The total offer comprises a fresh issue of equity shares worth ₹400 crore and an offer for sale (OFS) aggregating ₹287 crore, amounting to a combined issue size of ₹687 crore.
Objects of the Atlanta Electricals IPO
The company intends to deploy the net proceeds from the fresh issue towards:
- Repayment or prepayment, in part or full, of borrowings worth ₹79 crore,
- Funding working capital requirements estimated at ₹210 crore, and
- General corporate purposes.
Offer for Sale (OFS) Details
The OFS of up to 38,10,895 equity shares includes contributions from promoter selling shareholder Atlanta UHV Transformers LLP and other selling shareholders, including Hemang Harendra Shah, Nimish Harendra Shah, Dhaval Harshadbhai Mehta (jointly with Avanee Dhavalbhai Mehta), Gitaben Harshadbhai Mehta (jointly with Harshadbhai Amritlal Mehta), and Jignesh Suryakant Patel.
Listing and Management of Atlanta Electricals IPO
The equity shares offered through this Red Herring Prospectus, dated September 16, 2025, are proposed to be listed on both BSE and NSE.
Motilal Oswal Investment Advisors Limited and Axis Capital Limited are the Book Running Lead Managers (BRLMs) for the issue.
Also Read: Lauritz Knudsen Showcases EV, IoT, and Smart Grid Solutions in 30-City Technology Tour
Regulatory and Allocation Structure
The Atlanta Electricals IPO is being conducted through the Book Building Process in compliance with SEBI ICDR Regulations. The allocation structure includes:
- Not more than 50% of the net offer for Qualified Institutional Buyers (QIBs), with up to 60% available to Anchor Investors.
- One-third of the Anchor Investor portion reserved for domestic Mutual Funds.
- At least 15% of the net offer reserved for Non-Institutional Investors.
- At least 35% reserved for Retail Individual Investors.
- A separate Employee Reservation Portion for eligible employees.
Applications must be made using the ASBA process, with UPI mechanism applicable for UPI bidders. Anchor Investors will not participate via ASBA.
