Atlanta Electricals IPO GMP Rises On First Day Of Bidding- Check Price Band, Subscription Update And Other Details

Atlanta Electricals IPO GMP: Atlanta Electricals IPO ( Atlanta Electricals Ltd) subscription window opened today, on September 22. The heavy-duty electrical equipment maker's public issue is garnering significant investor interest. Here's a look at some key details related to Atlanta Electrical's IPO:

Atlanta Electricals IPO: GMP

The grey market premium for Atlanta Electricals shares is ranging between Rs 140 to Rs 141 per share on September 22. Atlanta Electrical shares can list with gains of over 18 per cent based on the GMP at Rs 895 apiece.

Atlanta Electricals IPO Subscription On Day 1

Atlanta Electricals IPO has been booked 70 per cent across categories at the time of writing the story on the first day of bidding. The electrical equipment maker's issue has received bids for over 4.6 million shares so far, compared to the 6.53 million shares offered for subscription.

Qualified institutional buyers (QIBs) are leading the demand for Atlanta Electricals shares. QIBs have booked their quota on the first day of subscription by applying for 1.79 million shares compared to the 1.8 million shares offered for subscription. Employees have booked Atlanta Electrical IPO 29 per cent on the first day of subscription by bidding for 22,002 shares compared to the 77,160 shares reserved for them. Atlanta Electricals IPO has been booked 64 per cent in the retail investor category as retail investors have applied for 2.07 million shares compared to the 3.25 million shares offered for subscription. Non-institutional investors have applied for 7,48,087 shares compared to the 13,96,844 shares offered for subscription, leading to the issue being booked 54 per cent.

Atlanta Electricals IPO: Offer Size and Price Band

Atlanta Electricals aims to raise Rs 687.34 crore through its public issue which consists of a fresh issuance of 5.3 million shares aggregating to Rs 400 crore and an offer-for-sale of 3.8 million shares amounting to Rs 287.34 crore. Atlanta Electricals IPO price band has been set at Rs 718 to Rs 754 per share.

Atlanta Electricals IPO: Lot Size and Minimum Investment

Atlanta Electricals IPO lot size is 19 shares, leading to minimum investment of Rs 14,326 per lot for the retail category. The minimum lot size for small non-institutional investors is 14 lots or 266 shares amounting to Rs 2,00,564, and for big non-institutional investors it is 70 lots leading to a minimum investment of Rs 10,02,820.

Atlanta Electricals IPO: Subscription window, listing date, allotment date

Atlanta Electricals IPO subscription window opened on September 22 and is scheduled to close on September 24. Atlanta Electricals IPO basis of allotment will be announced on September 25.

Post the announcement of the share allotment status of Atlanta Electricals IPO, unsuccessful bidders will receive refunds on September 26. Atlanta Electricals' shares will be listed on the NSE and BSE. The tentative listing date for Atlanta Electricals Limited's shares is September 29.

Atlanta Electricals: Key financials

Atlanta Electricals' total income for the fiscal year ended March 31, 2025, stood at Rs 1,250.49 crore, increasing by over 43 per cent compared to Rs 872.05 crore in the preceding fiscal. In FY25 Atlanta Electricals profit-after-tax stood at Rs 118.65 crore compared to Rs 63.36 crore in the preceding fiscal, indicating an increase of over 46 per cent.

Atlanta Electricals IPO: Registrar

The book running lead manager for Atlanta Electricals IPO is Motilal Oswal Investment Advisors Ltd and the registrar for the issue is MUFG Intime India Pvt.Ltd.

Atlanta Electricals: Promoters

Promoters of Atlanta Electricals include Krupeshbhai Narharibhai Patel, Niral Krupeshbhai Patel, Amish Krupeshbhai Patel, Tanmay Surendrabhai Patel, Patel Family Trustee Private Limited and Atlanta UHV Transformers LLP. The promoters of the company will reduce their stake to 86.97 per cent post the completion of the issue from 94.36 per cent prior to the issue.

Atlanta Electricals IPO: Objective

Atlanta Electricals Ltd plans to use the money raised via the public issue for repayment or prepayment, in full or in part, of certain outstanding borrowings availed by the company, funding working capital requirements and for other general corporate purposes.

About Atlanta Electricals Ltd

Atlanta Electricals Ltd is a maker of transformers. The transformers manufactured by the company include power transformers, inverter-duty transformers, furnace transformers, generator transformers, and special-duty transformers. Atlanta Electricals operates across 19 states and three union territories in India. Atlanta Electricals Ltd manufacturing facilities are located in Gujarat and Karnataka.