Atlanta Electricals made its stock market debut today. The shares of the company listed at a premium of 14% over the issue price.
The shares listed at Rs 858.10 on the BSE, which is Rs 104.10 higher than the issue price of Rs 754, translating into a 13.81% premium. On the NSE, the stock opened at Rs 857, giving investors a 13.66% gain over the issue price.
Let’s take a look at look at the key highlights of this IPO –
Atlanta Electricals IPO: Subscription numbers
The three-day IPO of Atlanta Electricals received a strong response. The issue subscribed 72.16 times in total.
The Qualified Institutional Buyers (QIB) portion, excluding anchor investors, was subscribed 194 times the shares on offer. The Non-Institutional Investors (NII) category saw a subscription of 56 times. Furthermore, the Retail Investors portion was subscribed 11 times.
Atlanta Electricals IPO: Key details and structure
The IPO, valued at around Rs 687 crore, was a combination of a fresh issue worth Rs 400 crore, and an Offer for Sale (OFS) of Rs 287.34 crore.
The shares carried a face value of Rs 2 per share. The issue was priced in the range of Rs 718–754 per share, with a discount of Rs 70 available to eligible employees.
The IPO also included a reservation of up to 73,099 shares for employees.
Atlanta Electricals IPO: Grey market premium hint
Ahead of the listing, shares of Atlanta Electricals were trading at a Rs 114 premium in the grey market. This indicated that the stock could list at around 15% higher than its issue price. However, it is crucial to note that GMP is not an official measure and can change with market sentiment.
Atlanta Electricals IPO: What the company does
Atlanta Electricals is one of India’s largest transformer manufacturers by production volume as of FY25. The company produces power, auto, inverter-duty, furnace, and generator transformers, among others.
Following its acquisition of BTW-Atlanta Transformers India, the firm expanded its capabilities and now manufactures transformers with capacities up to 500 MVA and 765 kV.
Atlanta Electricals IPO: Lead managers and registrars
Motilal Oswal Investment Advisors acted as the book-running lead manager, while MUFG Intime India was the registrar of the issue. Ahead of opening, the IPO had already raised Rs 204.7 crore from anchor investors on September 19.
