Atlanta, September 29, 2025
News Summary
Atlanta Electricals made a significant entrance into the stock market, witnessing a share price rise of over 14% during its debut. The IPO attracted substantial interest, being oversubscribed by 70.63 times, raising Rs 687.34 crore. Shares opened at Rs 857 on the NSE and Rs 858.10 on the BSE, signaling strong investor confidence in the company’s growth potential in the transformer manufacturing industry.
Atlanta – Atlanta Electricals made a noticeable impression in the stock market on September 29, 2023, debuting with a share price that rose by over 14% from its initial public offering (IPO) price. The shares opened at Rs 857 each on the National Stock Exchange (NSE), marking a 13.66% increase from the issue price, and listed at Rs 858.10 on the Bombay Stock Exchange (BSE), a 13.81% premium from the IPO price.
The company’s IPO was met with substantial interest, being oversubscribed by 70.63 times. Throughout the three-day subscription period, which ran from September 22 to September 24, 2023, the IPO raised Rs 687.34 crore. Subscription rates revealed strong demand across various investor segments, with Qualified Institutional Buyers (QIBs) subscribed 194 times (excluding anchor investors), Non-Institutional Investors (NIIs) at 56 times, and retail investors at 11 times.
The price band for the IPO was set between Rs 718 and Rs 754 per share. Employees eligible for the IPO received a discount of Rs 70 per share. The post-listing market capitalization of Atlanta Electricals reached approximately Rs 6,598.50 crore. Market analyst Anil Singhvi had previously projected a debut price range of Rs 860-875 and advised investors to set a stop-loss at Rs 825.
IPO Process and Key Dates
The IPO allotment was finalized on September 25, allowing shares to be credited to successful applicants’ demat accounts by September 26. Unallotted shares were also returned to investors on the same day. Shares were available for trading in a special pre-open session starting at 10:00 IST on the day of listing.
Company Overview
Atlanta Electricals is recognized as one of India’s largest manufacturers of power, auto, and inverter duty transformers by production volume as of FY2025. The company plans to utilize the proceeds from its IPO to repay outstanding borrowings amounting to Rs 79.12 crore, fund working capital needs of Rs 210 crore, and for general corporate purposes. The lead manager for the IPO was Motilal Oswal Investment Advisors, while MUFG Intime India served as the registrar.
Conclusion
Atlanta Electricals’ successful stock market debut highlights robust investor interest and confidence in the company’s potential for growth within the rapidly evolving transformer manufacturing industry. Its performance on the market will be closely monitored in the coming days as analysts assess its trajectory.
FAQ
When did Atlanta Electricals make its stock market debut?
Atlanta Electricals made its stock market debut on September 29, 2023.
How much did the company raise during its IPO?
The IPO raised Rs 687.34 crore.
What was the subscription rate for the IPO?
The overall subscription rate for the three-day IPO was 72.16 times.
What were the subscription levels for different investor categories?
Qualified Institutional Buyers (QIBs) subscribed 194 times, Non-Institutional Investors (NIIs) subscribed 56 times, and retail investors subscribed 11 times.
How did Atlanta Electricals’ shares perform on their first day of trading?
Shares were listed at Rs 857 each on the NSE and Rs 858.10 on the BSE, reflecting a 13.66% and 13.81% increase from the IPO price, respectively.
Key Features Chart
| Feature | Details |
|---|---|
| IPO Date | September 29, 2023 |
| IPO Amount Raised | Rs 687.34 crore |
| Subscription Rate | 72.16 times |
| QIB Subscription | 194 times |
| NII Subscription | 56 times |
| Retail Subscription | 11 times |
| NSE Listing Price | Rs 857 |
| BSE Listing Price | Rs 858.10 |
| Market Capitalization | Rs 6,598.50 crore |
Deeper Dive: News & Info About This Topic
HERE Resources
Atlanta Electricals IPO Oversubscribed 70.63 Times
Additional Resources
- Moneycontrol
- Wikipedia: Initial Public Offering
- LiveMint
- Google Search: Atlanta Electricals IPO
- CNBC TV18
- Google Scholar: Atlanta Electricals
- Outlook Money
- Encyclopedia Britannica: Stock Market
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.
