Atlanta Electricals Ltd., a prominent manufacturer of power, automobile, and inverter-duty transformers, is set to launch its Initial Public Offering (IPO) on September 22. The company aims to raise Rs 687.34 crore through this book-building issue, which comprises both fresh issue of shares and an offer-for-sale component.

IPO Details

Issue Structure

The IPO consists of two components:

1. Fresh Issue: 53 lakh shares, amounting to Rs 400.00 crore
2. Offer-for-Sale: 38 lakh shares, worth Rs 287.34 crore

Grey Market Premium

The grey market is showing significant interest in Atlanta Electricals' IPO, with a premium of Rs 143 per share. This indicates an estimated listing price of Rs 897, potentially offering a premium of 18.97% over the upper price band.

Company Overview

Atlanta Electricals Ltd. has a strong presence across India, operating through:

• Manufacturing Units: 5 facilities located in Gujarat and Karnataka
• Market Reach: 19 states and 3 union territories

Financial Performance

The company has demonstrated robust growth in its recent financial results:

• Revenue: Grew by 43% to Rs 1,250.49 crore
• Profit After Tax: Increased by 87% to Rs 118.65 crore

Utilization of IPO Proceeds

The funds raised through the IPO will be allocated for:

1. Repaying borrowings
2. Meeting working capital needs
3. General corporate purposes

IPO Timeline

Investors interested in the power and electrical equipment sector may find Atlanta Electricals' IPO an opportunity worth considering, given its market presence and recent financial performance. However, as with all investments, it is advisable to thoroughly research and consult financial advisors before making any investment decisions.

Atlanta Electricals Ltd., a prominent transformer manufacturer, has successfully raised Rs 204.70 crore from anchor investors, setting the stage for its upcoming Initial Public Offering (IPO). The company allotted 27.15 lakh shares to 15 anchor investors at Rs 754 per share, the upper end of its IPO price band.

Anchor Investment Highlights

The anchor book saw strong participation from domestic mutual funds and institutional investors. Here's a breakdown of the major allocations:

Notably, five domestic mutual funds, applying through eight schemes, secured a significant 58.62% of the anchor portion, demonstrating strong institutional interest in the company.

IPO Details

Atlanta Electricals is set to launch its IPO to raise up to Rs 687 crore. The key details of the offering are:

• Price Band: Rs 718-754 per share
• Fresh Issue: Rs 400 crore
• Offer-for-Sale: Rs 287 crore

Fund Utilization

The company has outlined clear objectives for the funds raised through the fresh issue:

• Rs 210 crore for capital expenditure
• Rs 79.1 crore for debt repayments and working capital

Company Overview

Atlanta Electricals operates manufacturing facilities in Gujarat and Karnataka, catering to clients across 19 states and three union territories in India. The company's recent financial performance highlights its growth trajectory:

The company's strong financial performance and strategic expansion plans have likely contributed to the robust interest from anchor investors. As Atlanta Electricals prepares to go public, the market will be watching closely to see how this established player in the electrical equipment sector performs in the public domain.