Atlanta Electricals Limited, one of India’s leading transformer manufacturers, completed its ₹687.341 crore initial public offering (IPO), which included a fresh issue of equity shares and an offer for sale of up to 3,810,895 shares by the selling shareholders.
Trilegal and JSA Advocates & Solicitors advised on the IPO which raised approximately ₹687.34 crore through a combination of fresh issue and offer for sale.
The IPO proceeds will be utilised for repayment of borrowings and funding the company’s working capital requirements.
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The IPO was over-subscribed 70.63 times, with the Qualified Institutional Buyers (QIB) portion witnessing a remarkable 194.92 times subscription. The company made a strong market debut, listing at a 14.59% premium on the bourses.
Trilegal advised Atlanta Electricals Limited on the IPO.
Capital Markets Team
Led by:
Richa Choudhary, Partner
Supported by:
Avanti Kale (Counsel), Maitreya Rajurkar (Counsel), Pooja Tada (Senior Associate), and Associates Siddhant Mishra, Deepanshu Agarwal, and Shreyansh Gupta
JSA Advocates & Solicitors advised the Book Running Lead Managers — Motilal Oswal Investment Advisors Limited and Axis Capital Limited — on this IPO.
Capital Markets Team
Led by:
Arka Mookerjee, Lead Partner
Siddhartha Desai, Partner
Supported by:
Ankesh Kumar (Associate), Govind Roy (Associate), Dhvanit Kothari (Associate), Prateek Khandelwal (Associate), and Vaishnavi Kokkonda (Associate)
About Atlanta Electricals Limited
Atlanta Electricals Limited is a prominent Indian transformer manufacturer, specialising in power, auto, and inverter duty transformers up to and including 500 Mega Volt-Amp (MVA) capacity and 775 kilovolts (kV) voltage.
The company operates across 19 states and three union territories, supplying its products to power utilities and industrial clients nationwide.
Strategic Significance
The IPO will allow Atlanta Electricals to strengthen its balance sheet through debt repayment and bolster its working capital position to support future growth. The company’s robust oversubscription underscores strong investor confidence in India’s power infrastructure sector.
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Disclaimer
This article is for informational purposes only and does not constitute legal or financial advice. Readers should consult professionals before making decisions
