Atlanta Electricals’ Rs687 Cr IPO To Open On Monday, September 22
FinTech BizNews Service
Mumbai, September 17, 2025: Atlanta Electricals Limited (“Atlanta” or “The Company”), shall open its Bid/Offer in relation to its initial public offer of Equity Shares on Monday, September 22, 2025.
The total offer size of equity shares with face value Rs 2 each aggregating up to Rs 6,873 million [Rs 687 crore] (“Total Offer Size”) comprises of fresh issue of equity shares aggregating up to Rs 4,000 million [Rs 400 crore] and Offer for sale of equity share aggregating up to Rs2,873 million [Rs 287 crore].
The price band for the Offer is at Rs 718 to Rs 754 per Equity Share. (“The Price Band”).
The Anchor Investor Bidding Date shall be Friday, September 19, 2025. The Bid/Offer will close on Wednesday, September 24, 2025. Bids can be made for a minimum of 19 Equity Shares and in multiples of 19 Equity Shares thereafter. (“Bid Details”)
The Company proposes to utilize the net proceeds from the fresh issue towards: (i) Repayment/ prepayment, in full or in part, of certain outstanding borrowings availed by the Company estimated to be Rs791.2 million [Rs 79 crore], (ii) Funding working capital requirements of the Company estimated to be Rs2,100 million [Rs 210 crore] and balance towards (iii) General corporate purposes. (“Objects of the Offer”)
Motilal Oswal Investment Advisors Limited & Axis Capital Limited are the book running lead managers to the Offer (The “BRLMs”).
