Atlanta Electricals shares to debut at the moment. GMP builds up as itemizing nears
The IPO, which comprised a contemporary difficulty of Rs 400 crore and a proposal on the market of Rs 287.34 crore, was priced on the higher finish of the Rs 718–754 band. The problem drew sturdy demand, with general subscription at 72.16 occasions, led by QIBs (194.77x) and strong curiosity from NIIs and retail.
With over 30 years of business presence and a pan-India footprint, Atlanta Electrical provides a large transformers vary. As of March 2025, the corporate serves a buyer base throughout 19 states and three union territories, delivering 4,400 transformers with a cumulative capability of 94,000 MVA to nationwide and state electrical energy grids, personal sector entities, and main renewable power and development firms.
The order guide as of the identical date stood at Rs 1643 crore, with 82% coming from public sector undertakings and 18% from personal gamers.
The corporate operates 5 manufacturing amenities throughout Gujarat and Karnataka, with a mixed put in capability of 63,060 MVA, serving marquee purchasers corresponding to GETCO, Adani Inexperienced, and Tata Energy.
Proceeds from the problem will probably be used for working capital necessities, compensation of borrowings, and common company functions. Promoter holding will drop from 94.36% pre-issue to 86.97% post-listing.Analysts are cautiously constructive on the corporate even publish itemizing. A be aware by Grasp Capital Companies states that the corporate is well-positioned to capitalize on sectoral momentum in energy transmission and renewable initiatives.”With a diversified portfolio, marquee purchasers, and a robust order guide, traders might think about the IPO as a possible long-term funding alternative,” the brokerage mentioned.
The Indian energy sector presents substantial development alternatives, pushed by surging demand from high-growth segments together with information facilities and electrical automobile (EV) charging infrastructure, which intensify the necessity for grid capability and resilience, in response to a CRISIL report.
Moreover, India’s railway community modernization in the direction of high- velocity trains has elevated demand for transformers working at 66 kV to 133 kV voltage ranges.
Whereas the 15% GMP signifies a reasonable premium, last itemizing beneficial properties will rely on broader market sentiment and investor urge for food for capital items and energy tools performs.
(Disclaimer: Suggestions, options, views and opinions given by the consultants are their very own. These don’t characterize the views of the Financial Occasions)
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