Atlanta Electricals IPO Subscription Status

The Atlanta Electricals IPO recorded a full subscription on the very first day, reaching 1.00× overall as of 5:00 PM on September 22, 2025.

• Qualified Institutional Buyers (QIBs): 1.00×
• Non-Institutional Investors (NIIs): 1.03×
• Retail Individual Investors (RIIs): 0.99×

By the close of Day 1, the company had received 63,86,907 bids against the total offer of 64,01,049 shares, reflecting steady interest across investor categories.

About Atlanta Electricals Limited

Founded over three decades ago, Atlanta Electricals is one of India’s leading manufacturers of power, auto, and inverter-duty transformers, ranked among the top domestic producers by volume. It is also among the few Indian companies capable of manufacturing transformers with ratings up to 200 MVA and voltage levels of 220 kV.

As of March 31, 2025, the company’s portfolio spans six key product types:

• Power transformers
• Inverter-duty transformers
• Furnace transformers
• Generator transformers
• Special-duty transformers
• Auto transformers

Atlanta has built long-standing relationships with prominent players in transmission & distribution, renewable energy, and mobility sectors, helping it secure repeat orders and sustained growth.
Its 208 diverse customers include major names such as GETCO, Adani Green Energy, TATA Power, and SMS India.

The company’s manufacturing infrastructure enables it to cater to both domestic and select international markets, while its engineering expertise supports complex, high-capacity projects.

Business Strengths & Expansion

• Industry Legacy: More than 30 years of experience in transformer design and manufacturing, ensuring high reliability and technological innovation.
• Capacity & Technology: Advanced production lines allow the company to handle large custom orders and meet stringent quality standards.
• Growth Outlook: With India’s ongoing investments in renewable energy, smart grids, and electrification, Atlanta Electricals is well positioned to capture increasing demand for high-capacity transformers.

The company has also indicated plans to expand its export footprint and upgrade certain facilities to enhance efficiency and reduce lead times.

Financial Snapshot

• Revenue & Profitability: (Latest audited figures can be inserted when available; the IPO prospectus highlights consistent revenue growth and healthy margins over the past three fiscal years.)
• Customer Base: 208 clients across utilities, private developers, and large industrial groups.

Grey Market Premium (GMP)

As of Monday, September 22, 2025, the Atlanta Electricals IPO GMP stood at ₹144.
This suggests the shares were trading around ₹898 in the grey market, representing a ₹144 premium over the issue price of ₹754—a sign of positive investor sentiment in the unofficial market.