Atlanta Electricals Limited, shall open its Bid/Offer in relation to its initial public offer of Equity Shares on Monday, September 22, 2025. The total offer size of equity shares with face value ₹ 2 each aggregating up to ₹ 687 crore comprises of fresh issue of equity shares aggregating up to ₹ 400 crore and offer for sale of equity share aggregating up to ₹ 287 crore. The price band for the Offer is at ₹ 718 to ₹ 754 per Equity Share. The Anchor Investor Bidding Date shall be Friday, September 19, 2025. The Bid/Offer will close on Wednesday, September 24, 2025. Bids can be made for a minimum of 19 Equity Shares and in multiples of 19 Equity Shares thereafter.
- Issue Opens: September 22, 2025
- Issue Closes: September 24, 2025
- Face Value: Rs 2 each
- Price Band: Rs 718 – 754 per share
- Lot Size: 19 Shares
- Listing: BSE NSE
The Company proposes to utilize the net proceeds from the fresh issue towards: (i) Repayment/ prepayment, in full or in part, of certain outstanding borrowings availed by the Company estimated to be ₹ 79 crore, (ii) Funding working capital requirements of the Company estimated to be ₹ 210 crore and balance towards (iii) General corporate purposes.
The Offer for Sale of up to 3,810,895 Equity Shares comprises up to 435,900 Equity Shares by Atlanta UHV Transformers LLP; up to 666,560 Equity Shares by Hemang Harendra Shah; up to 777,185 Equity Shares by Nimish Harendra Shah; Up to 217,500 Equity Shares by Dhaval Harshadbhai Mehta (held jointly with Avanee Dhavalbhai Mehta); up to 326,250 Equity Shares by Gitaben Harshadbhai Mehta and up to 1,387,500 Equity Shares by Jignesh Suryakant Patel. The Equity Shares are proposed to be listed on the BSE and the NSE.
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