Atlanta, September 28, 2025
News Summary
Atlanta Electricals is set to list shares on BSE and NSE after its IPO was oversubscribed 70.63 times, indicating strong investor interest. The grey market premium suggests a positive outlook with anticipated gains upon debut. The company, established in 1988, manufactures transformers and has raised ₹687.34 crore for clearing debts and funding operations.
Atlanta
Shares of Atlanta Electricals are set to be listed on the BSE and NSE on September 29. The allotment of shares for the company’s initial public offering (IPO) was concluded on September 25, with the subscription window remaining open from September 22 to September 24.
The IPO saw remarkable interest, being oversubscribed 70.63 times, attracting bids for 46,17,87,742 shares while only 65,38,439 shares were offered in total. Such overwhelming demand indicates strong investor confidence in the company.
Ahead of the listing, the grey market premium (GMP) for the Atlanta Electricals IPO stood at Rs 107, suggesting a positive outlook for its market debut. Based on this premium, the projected listing price is estimated at Rs 861 per share, which is 14.19% higher than the upper limit of the IPO’s price band, set between Rs 718 and Rs 754. Investors are anticipating potential gains of up to 15% upon the shares’ debut.
The IPO raised a total of ₹687.34 crore, comprising a fresh issue of 53 lakh shares valued at ₹400 crore and an offer-for-sale component of 38 lakh shares equating to ₹287.34 crore. Retail investors were required to bid for a minimum lot of 19 shares, necessitating an investment of ₹14,326 at the upper price band. Successful bidders had their shares transferred to their dematerialized accounts by September 27, while refunds for non-allottees were also processed on the same day.
The lead manager for this offering was Motilal Oswal Investment Advisors Ltd., with MUFG Intime India Ltd. acting as the registrar for the IPO. The capital raised will be allocated for clearing debts, funding working capital, and addressing general corporate needs.
Atlanta Electricals, established in 1988, manufactures various types of transformers and operates three facilities: two in Gujarat and one in Karnataka. The company’s production capacity stands at 500 Mega Volt-Amps (MVA).
Prior to the IPO, Atlanta Electricals secured ₹204.7 crore from 11 anchor investors, which included several asset management companies. On the last day of bidding, subscription from retail investors reached 10.42 times, Non-Institutional Investors (NIIs) saw a subscription rate of 54.20 times, and Qualified Institutional Buyers (QIBs) exhibited a whopping 194.92 times subscription level.
Brokerage firm Anand Rathi has rated this IPO as ‘Subscribe for Long-term’, citing a robust order book alongside a stable customer base across multiple industries. The offering was particularly well-received in the grey market, trading at prices above its issue price, which further underscores investor optimism.
Key Highlights
- IPO Launch Date: September 22 – September 24
- Shares Listed On: BSE and NSE on September 29
- Oversubscription Rate: 70.63 times
- Amount Raised: ₹687.34 crore
- Projected Listing Price: Rs 861 per share
- Grey Market Premium: Rs 107
Questions and Answers
When will Atlanta Electricals shares be listed?
Shares of Atlanta Electricals will be listed on BSE and NSE on September 29.
What was the oversubscription amount for the IPO?
The issue was oversubscribed 70.63 times, receiving bids for 46,17,87,742 shares against 65,38,439 shares offered.
What is the grey market premium for the IPO?
Ahead of listing, the grey market premium (GMP) for the Atlanta Electricals IPO was Rs 107, indicating a positive listing outlook.
What will the IPO proceeds be used for?
The IPO proceeds will be used for clearing debt, funding working capital, and for general corporate purposes.
Deeper Dive: News & Info About This Topic
HERE Resources
Additional Resources
- LiveMint: Atlanta Electricals IPO Day 3
- Wikipedia: Atlanta Electricals
- NDTV Profit: Atlanta Electricals IPO Subscription Status
- Google Search: Atlanta Electricals
- HDFC Sky: Atlanta Electricals IPO Allotment Status
Author: STAFF HERE ATLANTA WRITER
The ATLANTA STAFF WRITER represents the experienced team at HEREAtlanta.com, your go-to source for actionable local news and information in Atlanta, Fulton County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as vibrant music festivals like Shaky Knees and Music Midtown, major cultural celebrations including Dragon Con and the Atlanta Film Festival, and iconic sporting events like the Peachtree Road Race. Our coverage extends to key organizations like the Metro Atlanta Chamber of Commerce and the Atlanta Convention & Visitors Bureau, plus leading businesses in logistics, beverages, and retail that power the local economy such as Delta Air Lines, The Coca-Cola Company, and The Home Depot. As part of the broader HERE network, including HEREAugusta.com and HERESavannah.com, we provide comprehensive, credible insights into Georgia's dynamic landscape.
