Atlanta Electricals IPO Details

Atlanta Electricals: India’s Backbone in High-Voltage Transformation

Step inside any grid upgrade project or solar power farm, and you’ll probably find the handiwork of Atlanta Electricals. Headquartered in Gujarat but producing across Anand, Vadodara, and Bengaluru, this company marries three decades of engineering experience to India’s booming demand for reliable transformers. Whether it’s inverter-duty hardware for solar plants, giant power distribution units for cities, or export-standard duty units for clients in the USA and Gulf, Atlanta’s reach is national and international.

IPO Highlights

• Dates: September 22 – 24, 2025
• Issue Size: ₹687 crore (Fresh Issue: ₹400 crore; Offer for Sale: ₹287 crore)
• Price Band: ₹718–₹754 per share
• Lot Size: 19 shares (min. investment: ₹14,326)
• Listing: September 29, 2025 on BSE and NSE
• Face Value: ₹2 per share
• Employees Eligible Discount: ₹70 per share
• Lead Managers: Motilal Oswal Investment Advisors & Axis Capital
• Registrar: MUFG Intime India Pvt. Ltd.

Company Financials

Atlanta Electricals Ltd.'s revenue increased by 43% and profit after tax (PAT) rose by 87% between the financial year ending with March 31, 2025 and March 31, 2024.

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

Amount in ₹ Crore

Objects of the Issue 

The Company Atlanta Electricals IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:

S.No.	Objects of the Issue	Expected Amount (₹ in crores)
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

What Powers Atlanta Electricals?

• Broad Transformer Portfolio: Atlanta manufactures power, auto, inverter-duty, furnace, and generator transformers—serving grids, renewables, and special applications.
• Order Book Booster: By March 2025, Atlanta’s order book cleared ₹1,643 crore, with completed installations at 4,400 transformers, covering 94,000 MVA output. Their network spans 19 states, 3 UTs, and extends to the US, Gulf, and Asia Pacific.
• Industry Reputation: GETCO, Adani Green, Tata Power, and SMS India all rely on Atlanta for reliable, efficient grid components.
• Sustainable Expansion: With five manufacturing facilities (four fully operational), and ongoing upgrades, Atlanta balances expansion with compliance to global technical standards.

Growth & Stability

• Consistent Financials: From ₹874 crore revenue in FY23 to ₹1,244 crore in FY25, Atlanta’s compound annual growth near 19.3% sets it apart in a capital-intensive field.
• Profitability & Regulation: The transformer sector is notoriously tough—the barriers to entry are high, but Atlanta’s careful cost structuring and experienced management weather volatility.
• Diversification: Atlanta adapts—powering urban grids one day and delivering inverter-duty hardware to solar farms the next.

How To Apply for the Online?

1. Login or Open demat account with JM Financial Services / JM PRO app: Open the JM PRO app or JM Financial Services website and log in with your credentials. 
2. Locate the IPO Section: Navigate to the 'IPO' section on the platform. 
3. Select IPO: Find and select the IPO from the list of open IPOs. 
4. Enter the Lot Size: Specify the number of lots you want to bid for. 
5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application. 
6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN. 

How To Check the Allotment Status of IPO?

Steps to check IPO allotment status on JM Pro app: 

1. Log in to the JM Pro app. 
2. Go to the IPO Section and then to IPO Orders. 
3. Select the individual IPO that you had applied for and check the allotment status. 
4. JM Financial Services will notify you of your IPO allotment status via push notification and email. 

In sum:
Atlanta Electricals shows what it means to blend technical tradition with modern ambition. Their IPO is a bet on India’s electrification drive and infrastructure upgrades. For those seeking industrial depth with proven execution, Atlanta’s story adds credible current to a portfolio that values sustainability, reliability, and expansion.

FAQ

Q1: What’s Atlanta Electricals’ moat?
Decades of technical expertise, broad product range, strong order book, and adherence to international manufacturing standards keep Atlanta ahead of new entrants.

Q2: Will IPO proceeds fund growth?
Fresh funds go to debt reduction (₹79 crore), working capital (₹210 crore), and corporate expansion. The rest (OFS) compensates early investors.

Q3: Who are Atlanta’s clients?
Major government and private power utilities, EPC contractors, top renewable energy players, plus international buyers across several continents.

Q4: What makes Atlanta competitive?
Multi-location manufacturing, large skilled workforce, export experience, and capacity to produce up to 500 MVA transformers with high voltage ratings.

Q5: Are there risks?
Yes—sector cyclicality, reliance on government and utility orders, raw material price fluctuations, and compliance costs.

Q6: How can retail investors participate?
Through ASBA or UPI-enabled brokerages during the 3-day subscription window; confirm with registrar MUFG Intime after allotment finalization.