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The domestic transformer market is expected to grow by 7-8% in 2025. The transformer segment has registered growth of 10.4% between 2019-23 and is expected to grow at CAGR of ~6-7% from 2024-30.
Manufacturing Mission - Furthering Make in India
Support to Domestic Manufacturing and Value addition
5 National Centres of Excellence for skilling to be set up with global expertise and partnerships
Under the Budget 2025, the government has launched National Manufacturing Mission covering large, medium and small industries to bolster the Make in India initiative Key Government Initiatives to boost transformer manufacturing in India
| Revenue | ₹867.55 cr | ₹1,250.49 cr | |
| PAT | ₹63.36 cr | ₹118.65 cr (+87.26%) | |
| PAT Margin | 7.30 % | 9.49 % (+30.00%) | |
| EBITDA | ₹123.16 cr | ₹199.88 cr (+62.29%) | |
| EBITDA Margin | 14.20 % | 15.98 % (+12.54%) | |
| ROE | 27.73 % | 33.91 % (+22.29%) | |
| ROCE | 42.34 % | 39.43 % (-6.87%) | |
| D/E | 0.21 | 0.40 (+90.48%) |
The company has a diversified rage of manufacturing different types of transformers with five manufacturing facilities.
It has customer base in 19 states and three union territories, across India
PE Ratio: [●] Average Sector PE Ratio: 24.92x
| QIB Shares Offered: | 4521418 |
| - Anchor Investor Shares Offered: | 2714885 |
| − QIB (Ex. Anchor) Shares Offered : | 1806533 |
| NII (HNI) Shares Offered: | 1356426 |
| - bNII > ₹10L: | 904284 |
| - sNII < ₹10L: | 452142 |
| Retail Shares Offered: | 3164992 |
| Total Shares Offered: | 9042836 |
| Application | Lot | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 19 | ₹14326 |
| Retail (Max) | 19 | 247 | ₹186238 |
Avg IPO Size (Sector Based):
₹ 1,436.87 cr.
Average Sector PE Ratio:
24.92 X
Listing Price:
₹ 857.00
One of India’s leading manufacturers of power, auto, and inverter duty transformers by production volume in Fiscal 2025 (as per the CRISIL Report), the company has established itself as a key player in the transformer industry. Prior to acquiring BTW-Atlanta Transformers India Private Limited and commissioning its Vadod Unit, it was among the few Indian manufacturers capable of producing transformers with capacities up to 200 Mega Volt-Amp (MVA) and voltage ratings of 220 kilovolts (kV). These strategic developments have significantly expanded its manufacturing capabilities, enabling the production of transformers with rated capacities up to 500 MVA and voltage levels reaching 765 kV.
With over three decades of experience and a pan-India presence, the company offers a diverse portfolio of transformers ranging from 5 MVA/11 kV to 200 MVA/220 kV. Its product lineup includes:
The company has built a robust customer base across 19 states and three union territories in India. It has supplied over 4,400 transformers, aggregating to a total capacity of 94,000 MVA, serving state and national electricity grids, private sector enterprises, renewable energy projects, and major construction firms.
Axis Capital Limited, based in Mumbai is the Lead Manager (BRLM) of Atlanta Electricals IPO. Axis Capital Limited has handled (17) SME IPOs till date of which (76%) of the SME IPOs have been listed with listing gains. Read full review of Axis Capital Limited .
Motilal Oswal Investment Advisors Limited, based in Mumbai is the Lead Manager (BRLM) of Atlanta Electricals IPO. Motilal Oswal Investment Advisors Limited has handled (17) SME IPOs till date of which (76%) of the SME IPOs have been listed with listing gains. Read full review of Motilal Oswal Investment Advisors Limited .
Atlanta Electricals IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Atlanta Electricals Financial Review Page
Merchant Banker(s) of Atlanta Electricals IPO: Axis Capital Limited , Motilal Oswal Investment Advisors Limited
Atlanta Electricals IPO subscription was X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Atlanta Electricals IPO listed at a listing price of 857.00 against the offer price of 754.00.
The current market price of Atlanta Electricals is 874.20.
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