On September 22, there was strong demand for Atlanta Electricals’ first public offering (IPO), with 63.86 lakh shares applied for and almost fully subscribed. With a price range of ₹718–754 per share, the company hopes to raise ₹687 crore. An anticipated 18.7% increase in the listing price is indicated by the gray market premium.
On September 22, the first day of bidding, investors showed a good level of interest in Atlanta Electricals’ IPO, submitting applications for 63.86 lakh shares out of the 64 lakh shares that were up for grabs. According to exchange data, this resulted in the IPO being nearly fully subscribed by the end of Day 1.
Retail investors’ portion was booked 1.01 times, while non-institutional buyers’ portion was subscribed 1.03 times, indicating strong demand. Additionally, the QIB (Qualified Institutional Buyers) section was completely reserved.
Through the offering, which consists of a fresh issue of 0.53 crore shares totaling ₹400 crore and an offer to sell 0.38 crore shares totaling ₹287.34 crore, the business hopes to raise ₹687 crore.
The price range for the initial public offering is ₹718 to ₹754 per share. Retail investors may apply for up to 13 lots and a minimum of 19 shares in a single lot. Retail investors must invest a minimum of ₹14,326 per lot at the upper end of the IPO pricing range, which is ₹754 per lot.
The company plans to use the issue’s proceeds for general business objectives, working capital needs, and debt reduction. A provisional listing on the BSE and NSE is planned for Monday, September 29, 2025, while the allocation of shares is anticipated to be finalized on September 25, 2025.
The issue’s registrar is MUFG Intime India, and the book-running lead manager is Motilal Oswal Investment Advisors.
GMP indicates a listing that is healthy.
The grey market premium (GMP) for Atlanta Electricals’ initial public offering (IPO) is now 141 naira per share. This implies that the shares are expected to list at a price 18.7% higher than the ₹754 upper band issue price set by the firm.
The estimated discrepancy between an IPO’s issue price and its expected listing price in the unofficial market is known as the “grey market premium.” But it’s crucial to keep in mind that GMP is only a preliminary signal and shouldn’t be the only consideration when choosing an investment.
Concerning Atlanta Electricals
According to the company, as of Fiscal 2025, it was one of India’s top producers of power, automotive, and inverter duty transformers. With a presence throughout India and more than 30 years of experience in the transformer manufacturing sector, it offers a large selection of transformers ranging from 5 MVA/11 kV to 200 MVA/220 kV.
With 4,400 transformers totaling 94,000 MVA supplied to various state and national electricity grids, private sector entities, well-known renewable energy generation projects, and construction companies, the company has a clientele spanning 19 states and three union territories in India as of March 31, 2025.
With a total order book of ₹16,429 million at the end of FY25, 82.08% of the company’s orders were from the public sector, with the remainder orders coming from the private sector.
