Atlanta Electricals Ltd Raises Rs 205 Crore Ahead of IPO
Atlanta Electricals Ltd, a manufacturer specializing in power, auto, and inverter-duty transformers, announced on Friday that it has secured Rs 205 crore from anchor investors prior to the launch of its initial public offering (IPO) set for September 22.
Notable anchor investors include Kotak Mutual Fund, Axis Mutual Fund, HDFC Mutual Fund, ICICI Prudential Mutual Fund, and Pinebridge Global Funds, as stated in a circular published on the Bombay Stock Exchange (BSE) website. The company disclosed that it has allocated 27.15 lakh equity shares to 15 funds at an issue price of Rs 754 per share, bringing the total transaction to Rs 205 crore.
The upcoming IPO, which is projected to raise Rs 687 crore, will have a price range of Rs 718 to Rs 754 per share, valuing the company at approximately Rs 5,800 crore at the maximum price point. The Gujarat-based firm’s IPO comprises a fresh issuance of equity shares totaling Rs 400 crore alongside an offer for sale (OFS) of 38.1 lakh equity shares, estimated at Rs 287 crore at the upper price band, from promoters and other selling stakeholders.
The funds raised through the IPO are intended for debt repayment, supporting the company’s working capital needs, and for general corporate purposes. The book-running lead managers for the issue are Motilal Oswal Investment Advisors and Axis Capital. Atlanta Electricals is anticipated to debut in the stock market on September 29.
Published on September 20, 2025
