Atlanta Electricals came to market through an IPO that opened on 22 September 2025 and closed on 24 September 2025, and the shares listed on 29 September 2025 on BSE, NSE. The price band was ₹718 to ₹754 per share and one lot was 19 shares, so the minimum application was ₹14,326. The issue size was ₹687.34 crore. It combined a fresh issue of new shares with an offer for sale by existing shareholders.
MUFG Intime India Pvt.Ltd was the registrar to the issue, and Motilal Oswal Investment Advisors Ltd., Axis Capital Ltd were the lead managers.
As of 24 September 2025.
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Established in December 1988, Atlanta Electricals Limited produces power, auto and inverter duty transformers in India. On March 31, 2025, the company has six products in its portfolio: power transformers, inverter-duty transformers, furnace transformers, generator transformers, and special-duty transformers. As of March 31, 2025, the company has customers in 19 states and three union territories of India, delivering 4,400 transformers with a total capacity of 94,000 MVA to state and national grid, private players, and large renewable energy projects.
The company operates five manufacturing units, of which four are operational, two at Anand, Gujarat, and one in Bengaluru, Karnataka, and Vadod Unit has started commercial production in July, 2025. As of March 31, 2025, the company has 208 varied customers such as GETCO, Adani Green Energy, TATA Power, and SMS India. The company has exported its products to nations like United States, Kuwait, and Oman.
As described in the offer document.
| Metric | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 |
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Atlanta Electricals raises Rs 204.7 crore via anchor book, Rs 687-crore IPO. Kotak AMC, Axis Mutual Fund, Pinebridge Global Funds, HSBC MF, Nippon India, Allianz Global Investors Fund, Ashoka Whiteoak, HDFC Mutual Fund, ICICI Prudential Life Insurance, and Valuequest India were among the 11 investors in the anchor book.
Krupeshbhai Narharibhai Patel, Niral Krupeshbhai Patel, Amish Krupeshbhai Patel, Tanmay Surendrabhai Patel, Patel Family Trustee Private Limited, Atlanta UHV Transformers LLP. Promoter holding 94.36% before the issue and 86.97% after.
Work out the listing gain for this IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Atlanta Electricals IPO was a ₹687.34 crore book-built issue, comprising a fresh issue of ₹400 crore and an offer for sale of ₹287.34 crore. It was priced at ₹718–₹754 per share with a lot size of 19 shares (₹14,326). The IPO was open from September 22 to September 24, 2025 and was subscribed 72.14x. Shares listed on BSE and NSE on September 29, 2025 at ₹857, a 13.7% premium to the issue price of ₹754. MUFG Intime India Pvt. Ltd.
is the registrar. Motilal Oswal Investment Advisors Ltd. and Axis Capital Ltd. are the book running lead managers.
The price band of Atlanta Electricals IPO is ₹718 to ₹754 per share.
The lot size of Atlanta Electricals IPO is 19 shares.
The minimum investment for Atlanta Electricals IPO is approximately ₹14,326 based on the upper price band.
The allotment date of Atlanta Electricals IPO is Sep 25, 2025.
Atlanta Electricals IPO's final recorded GMP before listing was ₹100 per share (a 13% premium over the ₹754 upper price band). The shares listed at ₹857. GMP is unofficial and does not forecast or guarantee the actual listing price.
Atlanta Electricals IPO listed on Sep 29, 2025. It was issued at ₹857.0(NSE) and is currently around ₹1595.00 as on 30-Oct-2026 3:30 PM, which is approximately 111.5% versus issue price. The 52-week high is ₹2,152.60.
You can check Atlanta Electricals IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Atlanta Electricals IPO allotment status on Rupix for quick and easy access.
₹718 to ₹754 per share, against a face value of ₹2. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 19 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹14,326.
₹14,326, for one lot of 19 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 22 September 2025 and closed on 24 September 2025.
The basis of allotment was published on 25 September 2025 by MUFG Intime India Pvt.Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 29 September 2025 on BSE, NSE.
The issue size was ₹687.34 crore. The fresh issue was 53,05,039 shares (aggregating up to ₹400.00 crore). The offer for sale was 38,10,895 shares (aggregating up to ₹287.34 crore).