Atlanta Electricals GMP indicates a listing at a premium on the bourses for the stock

Shares of Atlanta Electricals Ltd. are set to make their stock market debut on Monday, September 29, after its IPO, worth close to ₹700 crore, received healthy subscription from investors.

The three-day Atlanta Electricals IPO was subscribed 72.16 times, where the portion reserved for Qualified Institutional Bidders (QIBs), excluding the anchor investors, was subscribed 194 times the total number of shares reserved for them. Shares were sold in a price band between ₹718 to ₹754 per share, with a discount of ₹70 apiece for eligible employees.

The portion reserved for non-institutional investors was subscribed 56 times, while that for retail investors saw 11x subscription in comparison to the total number of shares on offer.

Atlanta Electricals' ₹687 crore IPO was a mix of a fresh issue of ₹400 crore and the rest being an Offer for Sale (OFS). The shares will carry a face value of ₹2 apiece.

Currently, rates in the unlisted market indicate a premium of ₹114 per share, which means that the stock could make its debut at a premium of up to 15% from its issue price, according to reports.

Atlanta Electricals is among the largest manufacturer of power, auto and inverter duty transformers by production volume in India as of financial year 2025.

The company now manufactures transformers with capacities up to 500 MVA and voltages up to 765 kV after the acquisition of BTW-Atlanta Transformers India Pvt. Ltd.

AS of March 31, 2025, the company's order book stood at ₹1,642 crore, with over 80% of that coming from PSU companies, and the rest from private players.

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