Atlanta Electricals Limited made a strong debut on the stock exchanges on Monday, with its shares listing at ₹857 on the NSE, a 13.66% premium over the issue price of ₹754. On the BSE, the stock opened at ₹858.10, reflecting a 13.80% gain.
The three-day IPO of Atlanta Electricals witnessed robust demand, being subscribed 72.16 times overall. The Qualified Institutional Buyers (QIBs) category, excluding anchor investors, led the rush with a subscription of 194 times. The non-institutional investor portion was subscribed 56 times, while the retail investor quota saw 11x subscription. The shares were offered in a price band of ₹718–₹754 per share, with a discount of ₹70 for eligible employees.
The ₹687 crore IPO comprised a fresh issue of ₹400 crore, with the balance being an offer for sale (OFS). Each share carries a face value of ₹2.
Atlanta Electricals is among India’s largest manufacturers of power, auto, and inverter duty transformers by production volume in FY25. With the acquisition of BTW-Atlanta Transformers India Pvt. Ltd., the company has expanded its manufacturing capacity to produce transformers of up to 500 MVA and voltages as high as 765 kV.
As of March 31, 2025, the company’s order book stood at ₹1,642 crore, of which over 80% came from PSU companies, with the rest from private players.
