365telugu.com online news,Mumbai, September 18, 2025:Atlanta Electricals Limited (“Atlanta” or “the Company”) will launch its Initial Public Offering (IPO) of Equity Shares on Monday, September 22, 2025.
Offer Details
The IPO, with a total offer size of ₹6,873 million (₹687 crore), consists of:
- Fresh Issue: Equity Shares with a face value of ₹2 each, aggregating up to ₹4,000 million (₹400 crore).
- Offer for Sale: Equity Shares aggregating up to ₹2,873 million (₹287 crore).
The price band is set at ₹718 to ₹754 per Equity Share. Bids can be placed for a minimum of 19 Equity Shares and in multiples of 19 thereafter. The Anchor Investor Bidding Date is scheduled for Friday, September 19, 2025, with the Bid/Offer period closing on Wednesday, September 24, 2025.
Utilization of Proceeds
The net proceeds from the fresh issue will be allocated as follows:
- Repayment/Prepayment of Borrowings: Approximately ₹791.2 million (₹79 crore) to fully or partially settle certain outstanding loans.
- Working Capital Requirements: Approximately ₹2,100 million (₹210 crore).
- General Corporate Purposes: Remaining balance.
Offer for Sale
The Offer for Sale includes up to 3,810,895 Equity Shares from:
- Promoter Selling Shareholders:
- Atlanta UHV Transformers LLP: Up to 435,900 Equity Shares.
- Other Selling Shareholders:
- Hemang Harendra Shah: Up to 666,560 Equity Shares.
- Nimish Harendra Shah: Up to 777,185 Equity Shares.
- Dhaval Harshadbhai Mehta (jointly with Avanee Dhavalbhai Mehta): Up to 217,500 Equity Shares.
- Gitaben Harshadbhai Mehta (jointly with Harshadbhai Amritlal Mehta): Up to 326,250 Equity Shares.
- Jignesh Suryakant Patel: Up to 1,387,500 Equity Shares.
Listing and Regulatory Details
The Equity Shares will be offered through the Red Herring Prospectus (RHP) dated September 16, 2025, filed with the Registrar of Companies, Maharashtra at Mumbai. The shares are proposed to be listed on the BSE Limited (BSE) and the National Stock Exchange of India Limited (NSE).
Read This also…Godrej Finance Limited Joins Forces with Muthoot FinCorp to Enhance MSME Credit Access..
The Offer follows the Book Building Process under Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, and complies with Regulation 6(1) of the SEBI ICDR Regulations. The allocation structure is:
- Qualified Institutional Buyers (QIBs): Not more than 50% of the Net Offer, with up to 60% of the QIB Portion allocated to Anchor Investors on a discretionary basis. One-third of the Anchor Investor Portion is reserved for domestic Mutual Funds, subject to valid bids at or above the Anchor Investor Allocation Price.
- Non-Institutional Investors: Not less than 15% of the Net Offer, split into one-third for applications between ₹0.20 million and ₹1.00 million, and two-thirds for applications above ₹1.00 million.
- Retail Individual Investors: Not less than 35% of the Net Offer.
- Employee Reservation Portion: Equity Shares allocated on a proportionate basis to eligible employees, subject to valid bids.
Bidding Process
All bidders, except Anchor Investors, must use the Application Supported by Blocked Amount (ASBA) process, providing ASBA account details or UPI ID (for UPI Bidders). Anchor Investors cannot participate via the ASBA process. For further details, refer to the “Offer Procedure” section in the RHP (page 395).
Book Running Lead Managers
Motilal Oswal Investment Advisors Limited and Axis Capital Limited are the Book Running Lead Managers (BRLMs) for the Offer.
Note: Capitalized terms not defined herein carry the meanings ascribed in the Red Herring Prospectus.