Atlanta Electricals Limited IPO
Atlanta Electricals Limited is one of India’s leading manufacturers of power, auto, and inverter duty transformers, with over 30 years of operational expertise. The Company has established itself as a trusted name in transformer manufacturing, serving diverse industry needs across India.
Product Portfolio
The Company offers a diversified portfolio of transformers, including Power Transformers, Inverter Duty Transformers, Furnace Transformers, Generator Transformers, Special Duty Transformers
This wide range allows ATL to cater to sectors such as transmission and distribution, renewable energy, mobility, and heavy industries.
Order Book & Market Presence
As of March 31, 2025, Atlanta Electricals Limited had a strong order book of ₹16,429.58 million, with public sector undertakings contributing 82.08% and private players 17.92%. The Company has built a diversified customer base across 19 states and 3 union territories, serving 208 customers (up from 137 in FY23), including reputed names such as Gujarat Energy Transmission Corporation Ltd. (GETCO), Adani Green Energy Ltd., TATA Power, and SMS India.
Business Performance & Growth
– Revenue grew from ₹8,738.83 million in FY23 to ₹12,441.80 million in FY25, a CAGR of 19.32%.
– Supplied over 4,400 transformers aggregating to 94,000 MVA across India’s state and national electricity grids, private players, and renewable energy projects.
– Strong track record in renewable energy: secured major orders for Ultra Mega Solar Park in Andhra Pradesh and delivered inverter duty transformers for solar applications.
Strengths
i) Market Leadership – Leading manufacturer of transformers with proven expertise in high-capacity solutions.
ii) Diversified Portfolio – Wide product mix tailored to customer requirements.
iii) Strong Order Book – Robust pipeline backed by PSU and private sector projects.
iv) Manufacturing Excellence – Five advanced facilities with NABL-accredited labs.
v) Financial Performance – Consistent revenue growth, profitability, and operational efficiency.
Objects of the Atlanta Electricals Limited IPO:
Atlanta Electricals Limited IPO Details:
| Open Date: | Sep 22 2025 |
| Close Date: | Sep 24 2025 |
| Total Shares: | 91,15,934 |
| Face Value: | ₹ 2 Per Equity Share |
| Issue Type: | Book Building |
| Issue Size: | 687.34 Cr. |
| Lot Size: | 19 Shares |
| Issue Price: | ₹ 718-754 Per Equity Share |
| Listing At: | NSE,BSE |
| Listing Date: | Sep 29 2025 |
Promoters And Management:
Financials of Atlanta Electricals Limited IPO:
| Particulars | FY2024-2025 | FY 2023-2024 | FY 2022-2023 |
| Revenue from Operations | 1,244.10 | 867.50 | 873.80 |
| EBITDA | 199.8 | 123.1 | 143.1 |
| EBITDA Margins | 16.07% | 14.20% | 16.38% |
| PAT | 118.6 | 63.5 | 87.4 |
| PAT Margins | 9.54% | 7.32% | 10.01% |
| ROCE | 39.43% | 42.34% | 57.99% |
| Debt to Equity Ratio(In Times) | 0.4 | 0.21 | 0.44 |
| Operating Cash Flows | 83.5 | 88.3 | 51.9 |
Comparison With Peers:
| Companies | Revenue (in cr) | EBITDA Margins | PAT Margins | ROCE | D/E Ratio | MCap (in cr) | P/E |
| Atlanta Electricals Limited | 1,244.10 | 16.07% | 9.54% | 39.43% | 0.4 | 5797.49 | 48.88 |
| Voltamp Transformers Limited | 1934 | 19% | 16.80% | 29.10% | 0 | 7,483 | 23 |
| Transformers and Rectifiers India Limited | 2017 | 16% | 10.70% | 28.00% | 0.23 | 15471 | 60.8 |
Lead Manager of Atlanta Electricals Limited IPO:
Registrar of Atlanta Electricals Limited IPO:
Discussion on Atlanta Electricals Limited IPO:
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