Atlanta Electricals IPO Subscription Status

As of 5:00 PM on 23 September 2025, the Atlanta Electricals IPO was subscribed 3.15 times on its second day of bidding.

• Qualified Institutional Buyers (QIB): 1.48x
• Non-Institutional Investors (NII): 5.72x
• Retail Individual Investors (RII): 3.04x

By the close of day two, investors had placed bids for 2,01,74,523 shares against the 64,01,049 shares on offer.
For comparison, the issue was already fully booked (1.00x) by the end of day one, showing strong demand right from the start.

Company Overview

Atlanta Electricals Limited is a leading Indian manufacturer of power, auto, and inverter-duty transformers, ranking among the country’s top producers by volume. It is also one of the few Indian companies capable of producing transformers up to 200 MVA capacity and 220 kV voltage class, positioning it as a specialist in high-capacity solutions.

As of 31 March 2025, the company’s portfolio includes six product categories:

• Power transformers
• Inverter-duty transformers
• Furnace transformers
• Generator transformers
• Special-duty transformers (and related customized variants)

With over three decades of experience, Atlanta has built a reputation for quality, reliability, and technology-driven manufacturing.
The company serves 208 diverse customers across sectors such as transmission & distribution, renewable energy, and mobility. Key clients include GETCO, Adani Green Energy, Tata Power, and SMS India, reflecting strong relationships with major industry players.

Atlanta operates modern facilities with in-house testing and R&D capabilities, enabling it to meet stringent domestic and international standards. (Added context)

Financial & Market Insights

• The transformer market in India is witnessing sustained growth due to the expansion of renewable energy projects and grid modernization, providing a favorable outlook for Atlanta’s products. (Added market context)
• The company’s long track record and customer base give it an advantage in bidding for large government and private sector contracts.

Grey Market Premium (GMP)

As of Tuesday, 23 September 2025, the Atlanta Electricals IPO Grey Market Premium (GMP) was ₹100.
This implies that the IPO was trading at around ₹854 per share in the grey market, representing a ₹100 premium over the issue price of ₹754.