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September 19, 2025
This is to inform you that Atlanta Electricals Limited is coming out with a public issue to raise ₹687.34cr from the market.
The issue opens on September 22 and closes on September 24, 2025.
Details of the Atlanta Electricals Limited IPO
| Company Details |
Atlanta Electricals Limited are one of the leading manufacturers of power, auto and inverter duty transformers in India, terms of production volume as of Fiscal 2025 (Source: CRISIL Report). They were among the few companies in India, manufacturing transformers up to and including 200 Mega Volt-Amp (“MVA”) capacity and with 220 kilovolts (“kV”) voltage (Source: CRISIL Report) prior to the acquisition of BTW-Atlanta Transformers India Private Limited and the commissioning of their Vadod Unit. Following these developments, they have enhanced their manufacturing capabilities and are now able to produce transformers with a rated capacity of up to 500 MVA and with 765 kV. Over a short period, they have witnessed significant growth in terms of revenue from ₹8,738.83 million to ₹ 12,441.80 million from Fiscal 2023 to Fiscal 2025 at a CAGR of 19.32%
With a pan India presence and operations spanning over 30 years in the transformer manufacturing industry, they supply a wide range of transformers starting from 5 MVA/11 kV up to 200 MVA/220 kV. As of March 31, 2025, they have a customer base in 19 states and three union territories, across India, with a supply of 4,400 transformers, aggregating to 94,000 MVA to various state and national electricity grids, private sector players and prominent renewable energy generation projects and construction companies.
They have five manufacturing facilities and operate four fully operational manufacturing facilities, two located at Anand, Gujarat, one at Bengaluru, Karnataka and the Vadod Unit which has commenced commercial production in July, 2025 is located in Vadod, Gujarat.
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| Issue Period |
Opens on: Monday, September 22nd, 2025
Closes on: Wednesday, September 24th, 2025
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| Price Band |
Rs. 718/- to Rs. 754/- per equity share |
| Bid Lot |
19 equity shares and in multiple thereafter. |
| Issue Size |
Rs. 687.34 Cr. |
| Employee Reservation |
Up to 73,099 Equity Shares amounting to Rs. 5 Cr |
| Employee Discount |
Rs. 70 per Equity Share |
| Issue break-up |
QIB - 50% of the net offer - Rs. 341.17 Cr
NIB - 15% of the net offer - Rs. 102.35 Cr.
RET - 35% of the net offer – Rs. 238.82 Cr.
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| Listing |
BSE & NSE |
| Registrar |
MUFG Intime India Private Limited |
| Note |
- Application made using third party UPI or ASBA A/C are liable to be rejected.
- All individual bidders in initial public offerings (opening on or after May 1, 2022) whose application sizes are up to ₹500,000 shall use the UPI Mechanism.
- The UPI Mandate acceptance time for Retail, Employee and NII Bidders (bids upto Rs.5 lac) shall expire @ 5.00 pm on the closing day of the IPO.
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Watch these 4 videos to know how to apply for the Atlanta Electricals Limited IPO online easily.
Step 1: Create an UPI ID
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Step 2: Apply for IPO online using mobile app or website
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Step 3: Authorise UPI mandate to block payment
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Remember these points while applying for IPOs
- With Sharekhan, you can now fill and submit your IPO application online at your convenience anytime before an issue closes. This can be done through the Sharekhan app or website.
- You will need a mobile phone with a SIM linked to your bank account offering the UPI facility and a debit card to create your UPI ID.
- Currently, UPI works on the following mobile applications:
| UPI Apps live on IPO |
VPA Handle |
| BHIM Baroda Pay (only Android) |
@BARODAMPAY |
| BHIM RBL Pay (Android & iOS) |
@rbl |
| BHIM PayWiz ( Android ) |
@idbi |
| BHIM (android & iOS) |
@upi |
| BHIM AUPay (Android & iOS) |
@aubank |
| BHIM Axis Pay (only android) |
@axisbank |
| BHIM BANDHAN UPI (Android & iOS) |
@bandhan |
| BHIM DLB UPI (Android & iOS) |
@dlb |
| BHIM IndusPay (only Android) |
@indus |
| BHIM KBL UPI (Android) |
@kbl |
| BHIM Lotza UPI (only Android) |
@federal |
| BHIM SBIPay (only android) |
@sbi |
| BHIM UCO UPI (Android and iOS both) |
@uco |
| DhanSmart (Android & iOS) |
@dlb |
| DigiBank - DBS (Android & iOS) |
@dbs |
| Freecharge (Android & iOS) |
@freecharge |
| Google Pay (android & iOS) |
@okhdfcbank, @okaxis , @oksbi, @okicici |
| Groww Pay (Android & iOS) |
@yesg |
| HSBC Simply Pay (android & iOS) |
@hsbc |
| IDBI Bank GO Mobile+ ( Android & iOS) |
@idbi |
| iMobile by ICICI Bank (android users) |
@icici |
| IndOASIS (Android and iOS both) |
@indianbank, @allbank |
| Kotak Mobile Banking App (Android) |
@kotak |
| MobiK wik ( Android & iOS) |
@ikwik |
| Nxt – Union Bank of India ( iOS and Android ) |
@unionbankofindia, @uboi and @unionbank |
| Paytm (Android & IOS) |
@ptaxis, @pthdfc, @ptyes, @ptsbi |
| Phone-Pe (Android & iOS) |
@ybl, @axl, @ibl |
| SIB Mirror+ (only Android) |
@sib |
| YES Pay Next (android & iOS) |
@yespay |
- To avoid rejection, download the latest version of the app.
- Remember to select UPI as the payment option in the IPO application form by providing your UPI ID.
- As soon as you submit your application through the mobile app or website, you will receive an SMS from National Payments Corporation of India (NPCI) informing you that your UPI mandate has been generated.
- The app passcode and the UPI PIN can be different; remember to enter only the UPI PIN while authorising the UPI mandate. Note that you should not share your UPI PIN with anyone.
- If you forget the UPI PIN, simply reset it instead of entering a wrong one.
- If the transaction gets through, you will receive a “Transaction is successful” message on your mobile.
- There are two possible scenarios post-allotment: On full allotment, funds will be debited from your account. If there is no allotment of shares, the blocked funds will be released after the end date or expiry date of the UPI mandate.
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