Atlanta Electricals Subscription
Last updated on 24-Sep-2025 18:49:05
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 1806533 | 351858587 | 194.77 |
| HNIs | 1356425 | 75715912 | 55.82 |
| HNIs 10+ | 904284 | 52670755 | 58.25 |
| HNIs 2+ | 452142 | 23045157 | 50.97 |
| Retail | 3164992 | 33959707 | 10.73 |
| Employees | 73099 | 253536 | 3.47 |
| Total | 6401049 | 461787742 | 72.14 |
Application-Wise Breakup (Approx. no. of Apps) | |||
|---|---|---|---|
| Category | Reserved | Applied | Times |
| HNIs (10L+) | 3400 | 39134 | 11.51 |
| HNIs (2-10L) | 1700 | 84837 | 49.9 |
| Retail | 166579 | 1577908 | 9.47 |
| Employee | - | 6822 | - |
| Total Applications: 1708701 | |||
| © IPO Premium | |||
| Subscription Demand (in ₹ crore) | |||
|---|---|---|---|
| Category | Offered | Demand | Times |
| QIBs | 136.21 | 26530.14 | 194.77 |
| FIIs | - | 8100.82 | - |
| DIIs | - | 12685.07 | - |
| Mutual funds | - | 1326.7 | - |
| Others | - | 4417.54 | - |
| HNIs | 102.27 | 5708.98 | 55.82 |
| HNIs 10+ | 68.18 | 3971.37 | 58.25 |
| HNIs 2+ | 34.09 | 1737.6 | 50.97 |
| Retail | 238.64 | 2560.56 | 10.73 |
| Employees | 5.51 | 19.12 | 3.47 |
| Total | 482.64 | 34818.8 | 72.14 |
| QIB Interest Cost per share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹197.1 | @8% ₹225.3 | @9% ₹253.5 | @10% ₹281.6 | @11% ₹309.8 | @12% ₹338 |
Atlanta Electricals Lot(s) Distribution
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 19 | 14326 | 166579 |
| sHNI | 14 | 266 | 200564 | 1700 |
| bHNI | 70 | 1330 | 1002820 | 3400 |
Atlanta Electricals Reservation
| Category | Shares Offered | % |
|---|---|---|
| Anchor | 2714885 | 29.78% |
| QIB | 1806533 | 19.82% |
| HNI | 1356425 | 14.88% |
| Retail | 3164992 | 34.72% |
| Employee | 73099 | 0.8% |
| Total | 9115934 | 100% |
Atlanta Electricals About
IPO Details
| Total Issue Size | 91,15,934 shares (aggregating up to ₹687.34 Cr) |
| Fresh Issue | 53,05,039 shares (aggregating up to ₹400.00 Cr) |
| Offer For Sale | 38,10,895 shares (aggregating up to ₹287.34 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE , NSE |
| Share Holding Pre Issue | 7,15,84,800 shares |
| Share Holding Post Issue | 7,68,89,839 shares |
| Employee Discount | ₹ 70.00 |
Key Performance Indicators (KPI)
| KPI | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROE | 33.91% | 27.80% | 53.05% |
| ROCE | 39.43% | 42.34% | 57.99% |
| EPS (BASIC) | 16.57 | 8.87 | 12.22 |
| P/E Pre IPO | 46.33 |
Company Financials (In ₹Crore)
| Period Ended | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| 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 | 349.9 | 228.47 | 164.9 |
| Total Borrowing | 141.03 | 48.6 | 73.09 |
Peer Comparision (Valuation)
| Company | P/E (x) | CMP*(₹) | Face value (₹) |
|---|---|---|---|
| Atlanta Electricals Limited | NA | NA | 2 |
| Voltamp Transformers Limited | 22.15 | 7125 | 10 |
| Transformers and Rectifiers India Limited | 69.97 | 504.45 | 1 |
| Danish Power Limited | 25.8 | 891.3 | 10 |
Peer Comparision (Financial Performance)
| Company | NAV/Share (₹) | RoNW (%) | EPS (Diluted) (₹) |
|---|---|---|---|
| Atlanta Electricals Limited | 48.88 | 33.91 | 16.57 |
| Voltamp Transformers Limited | 1569.24 | 20.50 | 321.65 |
| Transformers and Rectifiers India Limited | 41.71 | 17.29 | 7.21 |
| Danish Power Limited | 162.5 | 18.00 | 34.55 |
Company Overview
Incorporated: December 1988
Business: Manufacturer of power, auto, and inverter-duty transformers.
Products (6 types): Power, inverter-duty, furnace, generator, auto, and special-duty transformers.
Presence: Customers in 19 states & 3 union territories in India; exports to the US, Kuwait, and Oman.
Track Record: Supplied 4,000 transformers (78,000 MVA) to state/national grids, private players, and renewable projects.
Facilities: 3 plants – 2 in Anand (Gujarat), 1 in Bengaluru (Karnataka).
Clients: 208 customers including GETCO, Adani Green Energy, TATA Power, SMS India.
Objects of the Issue :
Repayment/ prepayment, in full or in part, of certain outstanding borrowings availed by the Company: 79.12 cr
Funding working capital requirements of the Company: 210.00 cr
General Corporate Purposes
Strength
Diversified Product Portfolio – Wide range of transformers tailored to customer-specific requirements.
Strong Order Book & Customer Base – Relationships with state utilities, private players, and renewable sector ensure revenue visibility.
Experienced Management & Skilled Workforce – Significant industry expertise supports execution of large-scale projects.
Weakness
Geographic Concentration Risk – ~97–99% of revenue depends on Gujarat facilities; any disruption in the region could severely impact operations.
Dependence on State Utilities & Government Policies – Utilities contribute 65–83% of revenues; any slowdown in government spending or policy shifts can affect demand.
Tendering Process Dependency – Heavy reliance on government-controlled entities; failure to win tenders may adversely impact revenue and growth.
Atlanta Electricals Lead Manager(s)
Atlanta Electricals Address
Plot No. 1503/4,
GIDC Estate,
Vithal Udyognagar,
Anand, Gujarat, 388121
Phone: +91 6359669331
Email: complianceofficer@aetrafo.com
Website: https://aetrafo.com/
Atlanta Electricals Registrar
MUFG Intime India Private Limited (Link Intime)
Link Intime India Private Ltd
C 101, 247 Park,
L.B.S.Marg Vikhroli (West),
Mumbai - 400083
Atlanta Electricals Reviewers
| Reviewer | Recommendation | File |
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