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Atlanta Electricals IPO
Price Band
₹718.0–754.0
Issue Size
₹687.85 Cr
Lot Size
19 shares
Min Investment
₹14,326
GMP
+₹114.0 (15.12%)
Issue Price
₹754.0
Subject to Sauda
₹1600
Paid only if allotted
Atlanta Electricals IPO AI Summary
- Atlanta Electricals IPO is listed on BSE, NSE in the Heavy Electrical Equipment sector.
- Price band: ₹718.0–₹754.0 per share, lot size 19 shares (min. investment ₹14,326).
- Subscription window: 22 Sep–24 Sep 2025, listing on 29 Sep 2025.
- Current GMP is +₹114.0 (15.12%), an estimated listing price of ₹868 — unofficial and can change daily.
Atlanta Electricals Limited is a well-established manufacturer of transformers in India, with a strong product portfolio and customer base. The company is seeking to raise funds through its IPO to support various financial needs, including debt repayment and working capital.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Atlanta Electricals IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 24 Sep 2025 — not a current signal.
Reviewers are split — see individual calls below.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Atlanta Electricals IPO Grey Market Premium (GMP) Today
GMP
+₹114.0
GMP %
+15.12%
Est. Listing
₹868.0
Updated: 25 Jul 2026 14:12
About the Company
Incorporated in December 1988, Atlanta Electricals Limited manufactures power, auto and inverter duty transformers in India. As of March 31, 2025, the company's portfolio comprises six products: power transformers, inverter-duty transformers, furnace transformers, generator transformers, and special-duty transformers. As of March 31, 2025, the company serves customers in 19 states and three union territories across India, supplying 4,400 transformers totalling 94,000 MVA to state and national grids, private players, and major renewable energy projects. The company has five manufacturing facilities, out of which, four are functional, two located at Anand, Gujrat, and one in Bengaluru, Karnataka, and Vadod Unit has commenced commercial production in July, 2025. As of March 31. 2025, the company has 208 diverse customers, including GETCO, Adani Green Energy, TATA Power, and SMS India. The company has exported its products to countries such as United States, Kuwait, and Oman. Competitive Strength: Broad and diversified product portfolio with focussed product development tailored to meet the customer requirements. Strong order book coupled with well diversified customer base. Experienced management team and qualified personnel with significant industry experience. Manufacturing capabilities with a focus on quality and a high level of regulatory compliance and health and safety measures. Track record of profitability and consistent financial performance in an industry with significant entry barriers
Company Financials (₹ Cr)
As of 2024-09-30
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 866.19 | 559.25 | 560.76 |
| Total Income | 1,250.49 | 872.05 | 876.66 |
| Profit After Tax | 118.65 | 63.36 | 87.54 |
| EBITDA | 199.88 | 123.16 | 143.12 |
| NET Worth | 349.90 | 228.47 | 164.90 |
| Total Borrowing | 141.03 | 48.60 | 73.09 |
Key Ratios
EPS
₹16.57
NAV
₹48.88
ROE
33.91%
ROCE
39.43%
RoNW
33.91%
P/B Value
23.62
P/E Ratio
46.33
Market Cap
₹5797.49 Cr
PAT Margin
9.54%
Debt/Equity
0.40
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Danish Power Limited | 162.5 | 18% | 25.8 | 34.55 | 34.55 |
| Transformers And Rectifiers (india) Ltd. | 41.71 | 17.29% | 69.97 | 7.21 | 7.21 |
| Voltamp Transformers Ltd. | 1569.24 | 20.5% | 22.15 | 321.65 | 321.65 |
| Atlanta Electricals Limited This IPO | 48.88 | 33.91% | — | 16.57 | 16.57 |
Promoters
Krupeshbhai Narharibhai Patel, Niral Krupeshbhai Patel, Amish Krupeshbhai Patel, Tanmay Surendrabhai Patel, Patel Family Trustee Pvt.Ltd. and Atlanta UHV Transformers LLP
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Repayment/ prepayment, in full or in part, of certain outstanding borrowings availed by the Company 79.12 2 Funding working capital requirements of the Company 210.00 3 General Corporate Purposes 85.03 4 Issue expenses 43.10 Total 417.26
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹876.66 Cr in the period ending 31 Mar 2023, rising to ₹872.05 Cr by 31 Mar 2024, and further increasing to ₹1,250.49 Cr by 31 Mar 2025. This shows a significant growth trajectory over the periods.
Profit Trend
Profit after tax was ₹87.54 Cr in the period ending 31 Mar 2023, increasing to ₹63.36 Cr by 31 Mar 2024, and further rising to ₹118.65 Cr by 31 Mar 2025. This indicates a strong growth in profitability over the reported periods.
Valuation
Priced at a P/E ratio of 46.33 at the issue price, Atlanta Electricals' implied P/E is higher compared to its peers, which include Danish Power Limited at 25.8, Transformers And Rectifiers (India) Ltd. at 69.97, and Voltamp Transformers Ltd. at 22.15.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an unofficial indicator of the expected listing price of an IPO. A positive GMP suggests that the stock may list at a higher price than the issue price, while a negative GMP indicates the opposite.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It's important to consider the company's growth potential and market conditions.
Who May Want to Wait
Investors with a low risk tolerance or those seeking guaranteed returns may want to avoid IPOs, as they can be volatile and unpredictable in the short term.
Listing Gains — The Risk
Listing-day gains can be influenced by various factors, including market sentiment and demand for the stock. However, there is no guarantee of positive returns, and prices can fluctuate significantly after listing.
This evaluation is generated from Atlanta Electricals's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Atlanta Electricals IPO GMP today?
Atlanta Electricals IPO GMP today is +₹114.0 (15.12%), indicating an estimated listing price of ₹868. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Atlanta Electricals IPO?
The price band of Atlanta Electricals IPO is ₹718.0–₹754.0 per share.
When does Atlanta Electricals IPO open and close?
Atlanta Electricals IPO opens on 22 September 2025 and closes on 24 September 2025.
When does Atlanta Electricals IPO list on the stock exchange?
Atlanta Electricals IPO listed on 29 September 2025 at ₹868.0.
What is the lot size for Atlanta Electricals IPO?
The lot size for Atlanta Electricals IPO is 19 shares, requiring a minimum investment of ₹14,326.
What is the lot size for the Atlanta Electricals IPO?
The lot size for the Atlanta Electricals IPO is 19 shares.
What is the minimum investment required for this IPO?
The minimum investment required is ₹14,326.
What is the price band for the Atlanta Electricals IPO?
The price band for the IPO is ₹718.0 to ₹754.0.
When does the Atlanta Electricals IPO open and close?
The IPO opens on September 22, 2025, and closes on September 24, 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected premium or discount at which the stock may list compared to its issue price.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
22 Sep 2025
Close
24 Sep 2025
Allotment
25 Sep 2025
Listing
29 Sep 2025
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