Atlanta Electricals IPO a Gujarat-based manufacturer specializing in power transformers, auto transformers, and inverter-duty transformers, is coming up with its ₹687 crore IPO. The issue will open for subscription on 22 September 2025 and close on 24 September 2025, with anchor bidding scheduled for 19 September 2025. The IPO comprises a fresh issue of ₹400 crore and an Offer for Sale (OFS) of 38.1 lakh equity shares, amounting to around ₹287 crore at the upper price band. The company has fixed a price band of ₹718–₹754 per share with a face value of ₹2, and the minimum lot size is 19 shares, requiring a retail investment of approximately ₹14,326 at the higher end.

Of the net issue, 50% is reserved for Qualified Institutional Buyers (QIBs), 35% for retail investors, and 15% for Non-Institutional Investors (NIIs). The proceeds from the fresh issue will be primarily used for debt repayment (₹79.12 crore), working capital requirements (₹210 crore), and general corporate purposes. Financially, Atlanta Electricals posted a revenue of ₹1,244.18 crore in FY 2025 with a net profit of ₹118.65 crore, reflecting consistent growth in both top line and bottom line.

The company is well-positioned in India’s power infrastructure sector, with increasing demand for transformers driven by renewable energy and transmission projects. The IPO GMP indicates positive sentiment, with grey market premiums suggesting strong listing expectations. The basis of allotment will be finalized on 25 September 2025, and the stock is expected to debut on NSE and BSE on 29 September 2025.