Atlanta Electricals IPO Date, Review, Price and Key Information

Atlanta Electricals Limited IPO is fully book build issue and it includes both fresh issue and offer for sale. The issue contains a fresh issue worth ₹400.00 crores. and offer for sale upto 0.38 crore shares.

The dates for the Atlanta Electricals IPO have not been announced yet.

The allotment process is expected to be finalized by [.]. The Atlanta Electricals IPO is scheduled to list on BSE, NSE, with a tentative listing date of [.].

The price band for the Atlanta Electricals IPO has not been announced yet.

Registrar for this IPO is MUFG Intime India Private Limited (formerly known as Link Intime India Private Limited) and lead managers for Atlanta Electricals IPO are Motilal Oswal Investment Advisors Limited, Axis Capital Limited.

IPO Schedule

IPO Open Date	-
IPO Close Date	-
IPO Allotment Date	-
Refund Initiation	-
Share credit in Demat	-
Listing Date	-

Key Details

Price Band	TBA
Lot Size	TBA
Face Value	₹2 Per Equity Share
Total Issue Size	3,810,895 Shares + ₹400 Crores
Fresh Issue	₹400.00 Crores
OFS Issue	3,810,895 Shares
Issue Type	Fresh Issue and Offer for Sale
Listing At	BSE, NSE

Share Reservation

Investor Category	Shares Offered
QIB	0%
Retail	0%
NII/HNI	0%

About Atlanta Electricals Limited Company

Atlanta Electricals Limited is a leading Indian manufacturer of power, auto, and inverter duty transformers, boasting a significant production volume as of Fiscal 2024. They are among the few Indian companies manufacturing transformers up to 200 MVA capacity and 220 kV voltage. Over the period from Fiscal 2022 to Fiscal 2024, the company has witnessed significant growth in terms of revenue from ₹62.57 crore to ₹86.76 crore.

The company supplies a wide range of transformers from 5 MVA/11 kV up to 200 MVA/220 kV. As of September 30, 2024, the company has a diversified customer base of 208 customers and an order book of ₹1283.32 crore, with 73.39% of projects awarded by public sector undertakings.

Atlanta Electricals operates three manufacturing facilities and is setting up another one. The fully operational facilities have a combined capacity of 16,740 MVA, and the Vadod facility will add another 30,540 MVA.

Atlanta Electricals Limited Financial Details

Period Ended	30 Sep 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	672.53	559.25	560.76	414.58
Revenue	570.14	867.55	873.88	625.66
Profit After Tax	51.73	63.36	87.54	55.25
Net Worth	283.39	228.47	164.90	77.70
Reserves and Surplus	269.08	214.16	150.58	63.38
Total Borrowing	88.14	48.59	73.09	75.89

₹ In Crore

Key Performance Indicator

Basic EPS (in ₹)	Return on Net Worth (RoNW)	Net Asset Value (NAV)	Debt-Equity Ratio	Return on Equity (ROE)	Return on Capital Employed (ROCE)
8.87	27.80%	31.92	N/A	27.80%	42.34%

Offer Objectives

The offer includes the Fresh Issue of equity shares aggregating up to ₹ 40 crore, and an Offer for Sale of up to 3,810,895 equity shares by the Selling Shareholders. The company will not receive any proceeds from the Offer for Sale.

Objectives of the Fresh Issue: The company intends to utilize the net proceeds from the Fresh Issue towards the following:

Repayment/prepayment of certain outstanding borrowings: ₹ 79.12 crore
Funding working capital requirements: ₹ 210 crore
General corporate purposes.

The gross proceeds from the Fresh Issue are ₹ 40 crore. The amount to be utilized for general corporate purposes shall not exceed 25% of the Gross Proceeds. A pre-IPO placement of specified securities aggregating up to ₹ 8 crore may be considered.

Schedule of Deployment: The repayment of borrowings is estimated to be deployed in Financial Year 2026. The funding of working capital will be deployed, ₹ 11.80 crore in Financial Year 2026 and ₹ 9.20 crore in Financial Year 2027.

As of January 20, 2025, the company had outstanding borrowings of ₹ 79.12 crore on a consolidated basis. The selection of borrowings proposed to be prepaid or repaid or redeemed amongst borrowing arrangements will be based on maturity profile, cost of borrowing, any conditions attached to the borrowings, restrictions on the ability to prepay/repay the borrowings, and other commercial considerations.