Atlanta Electricals Limited is a leading manufacturer of power, auto, and inverter duty transformers in India, with a notable presence built over three decades. The company’s recent expansion, including the acquisition of BTW-Atlanta Transformers, has significantly boosted its manufacturing capabilities, allowing it to produce transformers up to 500 MVA with 765 kV voltage. This strategic move positions them to capitalize on the growing demand from high-growth sectors like data centers, electric vehicle (EV) charging networks, and renewable energy projects.

With five manufacturing facilities, including a new unit in Vadod, Gujarat, and a strong order book of over ₹16 billion as of March 31, 2025, the company is well-prepared for future growth. Atlanta Electricals has a diverse customer base, including key public and private entities like Adani Green Energy and TATA Power, solidifying its role as a key player in India’s expanding power and renewable energy sectors. The company’s financial performance has also been robust, with revenue growing at a compound annual growth rate (CAGR) of 19.32% from Fiscal 2023 to Fiscal 2025.

For the year/period ended (Rs. in Cr.)

For year/ period ended ( in Cr.)

*Market cap @upper band

• Market Leadership & Growth: The Company is a leading transformer manufacturer, positioned to capitalize on favorable industry trends and tailwinds.
• Broad Product Range: A diversified portfolio and specialized product development meet a wide range of customer needs.
• Strong Financials: A robust order book and consistent profitability demonstrate the company’s solid financial performance.
• Operational Excellence: The Company has strong manufacturing capabilities, focusing on quality and regulatory compliance.

The Company ATLANTA ELECTRICALS LIMITED IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:

• Repayment/ prepayment, in full or in part, of certain outstanding borrowings availed by the Company (₹ 79.12 Cr.)
• Funding working capital requirements of the Company (₹ 210 Cr.)
• General corporate purposes

At the upper band of IPO ₹ 754, the stock is valued at 48.87 P/E multiple. Hence, well-informed investors subscribe for medium to long term perspective.