Atlanta Electricals IPO Subscribed 1.96 Times on Day 2 Amid Robust Investor Participation

Mumbai, 23 September 2025: Atlanta Electricals Limited’s Initial Public Offering (IPO), aiming to raise ₹687.34 crore, has garnered significant investor interest on its second day of subscription. As of 12:49 PM IST on 23 September 2025, the issue was subscribed 1.96 times overall, with notable demand across various investor categories.

Established in 1988 and headquartered in Anand, Gujarat, Atlanta Electricals Limited is a prominent manufacturer of power, auto, and inverter duty transformers up to 500 MVA and 765 kV. The company supplies to state electricity utilities and private sector players, with manufacturing facilities in Gujarat and Karnataka.

Retail Investors Show Strong Demand with 1.91x Subscription

Retail Individual Investors (RIIs) have demonstrated substantial interest in the IPO, subscribing to the offered shares 1.91 times. The retail category received bids for 60,47,092 shares against 31,64,992 shares available, reflecting a robust appetite among individual investors.

Non-Institutional Investors (NIIs) Lead with 2.82x Subscription

Non-Institutional Investors (NIIs), including High Net-Worth Individuals (HNIs), have shown significant participation, subscribing to the issue 2.82 times. Bids were received for 38,19,361 shares against 13,56,425 shares on offer, indicating strong demand from this investor segment.

Qualified Institutional Buyers (QIBs) Contribute 1.45x Subscription

Qualified Institutional Buyers (QIBs), excluding anchor investors, have subscribed to the IPO 1.45 times. They bid for 26,25,762 shares against the 18,06,533 shares allocated to this category, showcasing confidence from institutional investors in the company’s prospects.

Employee Portion Subscribed 0.99x

The employee category received bids for 72,428 shares against 73,099 shares reserved, resulting in a 0.99 times subscription. This indicates a balanced interest from the company’s employees in participating in Atlanta Electricals IPO.

Anchor Investors Commit ₹204.70 Crore at ₹754 per Share

Ahead of the public subscription, Atlanta Electricals secured ₹204.70 crore from anchor investors by allotting 27.14 lakh shares at ₹754 each. Notable participants included HDFC Mutual Fund, ICICI Prudential, Kotak, Axis, Nippon India, Pinebridge, HSBC, Allianz, Ashoka India Opportunities, and ValueQuest.

IPO Details

• Price Band: ₹718 to ₹754 per share
• Lot Size: 19 shares
• Minimum Investment: ₹14,326 at the upper end of the price band
• Issue Type: Book Building, Mainboard IPO
• Listing Date: 29 September 2025 (Tentative)
• Listing Platforms: BSE and NSE

The Atlanta Electricals IPO has attracted significant interest from various investor categories, indicating strong market confidence. Investors should consider the company’s financial health, industry position, and the IPO’s terms before making investment decisions.

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