Atlanta Electricals Limited is a transformer manufacturing company in India, specializing in power, auto, and inverter-duty transformers.
As of September 30, 2024, the company’s product portfolio includes six categories: power transformers, inverter-duty transformers, furnace transformers, generator transformers, and other special-duty transformers.
The company has supplied more than 4,000 transformers with a total capacity of 78,000 MVA, catering to state and national grids, private players, and large renewable energy projects across 19 states and three union territories.
Atlanta Electricals operates three manufacturing facilities – two in Anand, Gujarat, and one in Bengaluru, Karnataka – equipped with advanced infrastructure to meet varied industry requirements.
Its customer base spans 208 entities, including reputed names such as GETCO, Adani Green Energy, TATA Power, and SMS India.
In addition to its strong domestic presence, the company exports to international markets, with deliveries made to the United States, Kuwait, and Oman.
As of September 30, 2024, Atlanta Electricals employed 301 professionals across departments, supporting its operations and growth.
Atlanta Electricals IPO – Details
| IPO Opening Date | 22 September 2025 |
| IPO Closing Date | 24 September 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 91,15,934 Shares Worth ₹687.34 Crore Fresh Issue: 53,05,039 Shares Worth ₹400.00 Crore Offer For Sale: 38,10,895 Shares Worth ₹287.34 Crore |
| Face Value | ₹2 per equity share |
| IPO Price | ₹718 – ₹754 per share |
| Market Lot | 19 Shares |
| Min Order | 19 Shares [ 1 Lot ] |
| Employee Discount | ₹70 |
| Listing At | BSE, NSE |
| Register | MUFG Intime India Pvt.Ltd. |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Atlanta Electricals IPO – Date Schedule
| IPO Open Date | 22 September 2025 |
| IPO Close Date | 24 September 2025 |
| Basis of Allotment | 25 September 2025 |
| Initiation of Refund | 26 September 2025 |
| Credit of Shares to Demat Account | 26 September 2025 |
| IPO Listing Date | 29 September 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 24, 2025 |
Atlanta Electricals IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 19 | ₹14,326 |
| Retail (Max) | 13 | 247 | ₹1,86,238 |
| S-HNI (Min) | 14 | 266 | ₹2,00,564 |
| S-HNI (Max) | 69 | 1311 | ₹9,88,494 |
| B-HNI (Min) | 70 | 1330 | ₹10,02,820 |
Competitive Strength
- Broad and diversified product portfolio with focussed product development tailored to meet the customer requirements.
- Strong order book coupled with well diversified customer base.
- Experienced management team and qualified personnel with significant industry experience.
- Manufacturing capabilities with a focus on quality and a high level of regulatory compliance and health and safety measures.
- Track record of profitability and consistent financial performance in an industry with significant entry barriers
Company Promoters
- Krupeshbhai Narharibhai Patel
- Niral Krupeshbhai Patel
- Amish Krupeshbhai Patel
- Tanmay Surendrabhai Patel
- Patel Family Trustee Private Limited
- Atlanta UHV Transformers LLP
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | ₹627.69 Cr | ₹564.73 Cr | ₹55.25 Cr | ₹75.89 Cr |
| 31 March 2023 | ₹876.66 Cr | ₹766.21 Cr | ₹87.54 Cr | ₹73.09 Cr |
| 31 March 2024 | ₹872.05 Cr | ₹784.78 Cr | ₹63.36 Cr | ₹48.6 Cr |
| 31 March 2025 | ₹872.05 Cr | ₹872.05 Cr | ₹63.36 Cr | ₹872.05 Cr |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 33.91% |
| ROCE | 39.43% |
| Debt/Equity | 0.40 |
| RoNW | 33.91% |
| PAT Margin | 9.54% |
| EBITDA Margin | 16.07% |
| Price to Book Value | 23.62 |
| Pre IPO | Post IPO | |
| EPS (₹) | 16.57 | – |
| P/E (x) | 46.33 | – |
Object Of The Issue
| Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|
| Repayment/ prepayment, in full or in part, of certain outstanding borrowings availed by the Company; | ₹79.12 |
| Funding working capital requirements of the Company; and | ₹210.00 |
| General corporate purposes. |
Atlanta Electricals IPO Peer Comparison
| S. No. | Face Value (₹) | Company Name | P/E Ratio |
|---|---|---|---|
| 1 | 10 | Voltamp Transformers Limited | 22.15 |
| 2 | 1 | Transformers and Rectifiers India Limited | 69.97 |
| 3 | 10 | Danish Power Limited | 25.80 |
✅Strengths
- Wide portfolio of power, auto, inverter-duty, and special transformers.
- Strong presence across 19 states with 4,000+ transformers (78,000 MVA) supplied.
- Reputed clients like GETCO, Adani Green, and TATA Power.
- Three manufacturing units in Gujarat and Karnataka with export reach to the US, Kuwait, and Oman.
⚠️Risks
- Heavy dependence on power sector and government policies.
- Intense competition in transformer manufacturing.
- Regulatory approvals and compliance critical for operations.
- Working capital–intensive model with liquidity pressure.
- Exposure to forex and client concentration risks.
Atlanta Electricals IPO Promoter Holding
| Pre Issue Share Holding | 94.36% |
| Post Issue Share Holding | 86.97% |
Atlanta Electricals IPO Prospectus
Company Contact Information
| Atlanta Electricals Ltd. Plot No. 1503/4, GIDC Estate, Vithal Udyognagar, Anand, Gujarat, 388121 Phone: +91 6359669331 Email: complianceofficer@aetrafo.com Website: https://aetrafo.com/ |
Atlanta Electricals IPO Registrar
| MUFG Intime India Pvt.Ltd. Phone: +91-22-4918 6270 Email: atlantaelectricals.ipo@linkintime.co.in Website: https://linkintime.co.in/Initial_Offer/public-issues.html |
Atlanta Electricals IPO Lead Manager(s)
| 1. Axis Capital Limited 2. Motilal Oswal Investment Advisors Limited |
Atlanta Electricals IPO FAQs
| What is Atlanta Electricals IPO? Atlanta Electricals IPO is a main-board IPO. The issue is priced at ₹718 to ₹754 per equity share. The IPO is to be listed on the BSE & NSE. |
| When will Atlanta Electricals IPO open? The IPO is to open on 22 September 2025 for QIB, NII, and Retail Investors. |
| What is Atlanta Electricals IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| What is Atlanta Electricals IPO Size? Atlanta Electricals IPO size is ₹687.34 Crore. |
| What is the Atlanta Electricals IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 19 Shares with ₹14,326, while the maximum bid is 247 Shares with ₹1,86,238. |
| What is the Atlanta Electricals IPO Allotment Date? Atlanta Electricals IPO allotment date is 25 September 2025. |
| What is the Atlanta Electricals IPO Listing Date? Atlanta Electricals IPO listing date is 29 September 2025. The IPO is to be listed on BSE and NSE. |
