Atlanta Electricals IPO Day 1 LIVE Updates: Issue booked 75%; GMP, subscription status, other key details. Apply or not?

Atlanta Electricals IPO Day 1 LIVE: According to market sources, the grey market premium (GMP) stands at ₹141 per share today, up from ₹125 earlier in the day. The latest GMP indicates that the stock could list on the bourses at around ₹895 per share, a 18.7% premium over the IPO price of ₹754.

Atlanta Electricals IPO Day 1 LIVE: The issue received a healthy response on its first day of bidding, September 22, with investors placing bids for 63.86 lakh shares against the total offer of 64 lakh shares, resulting in the issue being nearly fully booked.

Non-institutional buyers showed healthy interest, with their portion subscribed 1.03 times, while the retail investors' portion was booked 1.01 times. The QIB (Qualified Institutional Buyers) portion was also fully booked.

Atlanta Electricals IPO Day 1 LIVE: Domestic brokerage firm Geojit Financial Services has recommended a ‘Subscribe’ rating with a long-term investment perspective. Though the issue, at the upper price band of ₹754, appears premium compared to its peers, the company’s healthy return ratios and strong fundamentals make it appealing for long-term investors looking to benefit from India’s power infrastructure growth, the brokerage said.

Atlanta Electricals IPO Day 1 LIVE: Atlanta Electricals shares are commanding a decent grey market premium. According to market experts, Atlanta Electricals IPO GMP today is ₹125 per share, which is nearly 17% to the issue price of ₹754 per share.

Atlanta Electricals IPO Day 1 LIVE: Atlanta Electricals IPO has been subscribed 75% so far in total, NSE data till 2:25 PM showed. The Retail Individual Investors (RIIs) category was subscribed 69%, while the Non Institutional Investors (NII) segment was booked 60%. The Qualified Institutional Buyers (QIBs) category was subscribed 1 times so far.

Atlanta Electricals IPO Day 1 LIVE: Atlanta Electricals is among the prominent manufacturers of power, auto, and inverter duty transformers in India. Its wide-ranging and diversified product portfolio is supported by continuous innovation and focused product development. Solutions are designed to align with specific customer requirements, ensuring flexibility and reliability. A robust order book provides strong visibility for future growth and operational stability. The company also benefits from a well-spread customer base across multiple industries and regions. Its advanced manufacturing facilities emphasize superior quality, efficiency, and technological excellence, said brokerage firm Anand Rathi.

Atlanta Electricals IPO Day 1 LIVE: At the upper price band, Atlanta Electricals is valuing at P/E of 48.8x to its FY25 earnings, with EV/EBITDA of 30.1x and market cap of ₹57,975 million post issue of equity shares. We believe that Atlanta Electricals IPO is fully priced and recommend a “Subscribe for Long Term” rating to the IPO, Anand Rathi said.

Atlanta Electricals IPO Day 1 LIVE: Atlanta Electricals IPO has been subscribed 66% so far in total, NSE data till 1:25 PM showed. The Retail Individual Investors (RIIs) category was subscribed 56%, while the Non Institutional Investors (NII) segment was booked 46%. The Qualified Institutional Buyers (QIBs) category was fully subscribed so far.

Atlanta Electricals IPO Day 1 LIVE: The company aims to utilise the net issue proceeds for repayment or prepayment, in full or in part, of certain outstanding borrowings availed by the company to the tune of ₹79.12 crore, and funding working capital requirements of the company to the tune of ₹210 crore, and general corporate purposes.

Atlanta Electricals IPO Day 1 LIVE: Over a short period, Atlanta Electricals has witnessed significant growth in terms of revenue from ₹873.9 crore to ₹1,244.1 crore from Fiscal 2023 to Fiscal 2025 at a CAGR of 19.3%.

Atlanta Electricals IPO Day 1 LIVE: Atlanta Electricals shares are commanding a strong grey market premium (GMP) on the first day of the issue. Atlanta Electricals IPO GMP today is ₹142 per share, market experts said. This indicates that Atlanta Electricals shares are trading at a premium of 19% to their issue price in the grey market.

Atlanta Electricals IPO Day 1 LIVE: Atlanta Electricals IPO has been subscribed 21% so far in total, NSE data till 11:40 AM showed. The Retail Individual Investors (RIIs) category was subscribed 33%, while the Non Institutional Investors (NII) segment was booked 34%. The Qualified Institutional Buyers (QIBs) were yet to submit their bids so far.

Atlanta Electricals IPO Day 1 LIVE: Atlanta Electricals operates five manufacturing facilities, with four fully operational locations in Anand (two units), Bengaluru, and Vadodara, the latter commencing commercial production in July 2025. These facilities together occupy approximately 1,094,282 sq. ft. and offer a combined installed capacity of 47,280 MVA. The acquisition of BTWAtlanta added a facility in Ankhi with a land area of 904,437 sq. ft. and an installed capacity of 15,780 MVA, bringing the Company's total manufacturing capacity to 63,060 MVA.

Atlanta Electricals IPO Day 1 LIVE: Atlanta Electricals’ order book, as on March 31, 2025, amounted to ₹1,642.95 crore. Further, as on March 31, 2025, projects awarded by public sector undertakings and private players contributed to 82.1% and 17.9% to the company’s Order Book.

Atlanta Electricals IPO Day 1 LIVE: Atlanta Electricals Ltd is one of the leading manufacturers of power, auto and inverter duty transformers in India, in terms of production volume as of Fiscal 2025. Atlanta Electricals were among the few companies in India, manufacturing transformers up to and including 200 Mega Volt-Amp (MVA) capacity and with 220 kilovolts (kV) voltage prior to the acquisition of BTW-Atlanta Transformers India Private Limited and the commissioning of their Vadod Unit.

The company supplies a wide transformer range from 5 MVA/11 kV to 200 MVA/220 kV. As of March 31, 2025, the company serves a customer base across 19 states and three union territories, delivering 4,400 transformers with a cumulative capacity of 94,000 MVA to national and state electricity grids, private sector entities, and major renewable energy and construction companies.

Atlanta Electricals IPO Day 1 LIVE: Atlanta Electricals IPO has been subscribed 10% so far in total, NSE data till 10:40 AM showed. The Retail Individual Investors (RIIs) category was subscribed 15%, while the Non Institutional Investors (NII) segment was booked 10%. The Qualified Institutional Buyers (QIBs) were yet to submit their bids so far.

Atlanta Electricals IPO Day 1 LIVE: Atlanta Electricals IPO price band is set at ₹718 to ₹754 per share. At the upper-end of the price band, the company aims to raise ₹687.34 crore from the book-building issue, which is a combination of fresh issue of 53.05 lakh equity shares worth ₹400 crore, and an offer-for-sale (OFS) component of 38.10 lakh equity shares aggregating to ₹287.34 crore.

Atlanta Electricals IPO Day 1 LIVE: The bidding for Atlanta Electricals IPO begins today, September 22, and will end on September 24. Atlanta Electricals IPO allotment date is expected to be September 25, and the IPO listing date would be September 29. Atlanta Electricals shares will be listed on BSE and NSE.

Atlanta Electricals IPO Day 1 LIVE: Transformers manufacturer Atlanta Electricals Ltd has launched its initial public offering (IPO) to raise nearly ₹700 crore from primary markets. Atlanta Electricals IPO opens for public subscription today, September 22, and will close on September 24.