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Atlanta Electricals Shares Surge 13.8% in Robust IPO Debut
29 Sep
Summary
- Atlanta Electricals shares listed at ₹858.10, a 13.81% premium over IPO price
- The ₹687.85 crore IPO was oversubscribed, with strong grey market premium
- Company plans to use IPO proceeds for debt repayment and working capital
On September 29, 2025, Atlanta Electricals, a prominent manufacturer of power, auto, and inverter duty transformers, made a successful debut on the Indian stock exchanges. The company's shares listed at ₹858.10 on the BSE, a premium of 13.81% over the IPO price of ₹754 per share. On the NSE, the stock opened at ₹857, a 13.66% premium.
The strong listing performance was in line with the company's impressive grey market premium (GMP) of ₹114 ahead of the debut, signaling strong investor demand. The ₹687.85 crore IPO, which was a combination of a fresh share sale and an offer for sale, was well-received by the market.
Atlanta Electricals plans to utilize a portion of the IPO proceeds, worth ₹79.12 crore, to repay certain outstanding borrowings. Additionally, the company has earmarked ₹210 crore for funding its working capital needs, with the remaining funds to be used for general corporate purposes.
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The successful listing of Atlanta Electricals' shares reflects the company's strong market position and the investors' confidence in its growth prospects. The transformer manufacturer's diverse product portfolio, which includes power, inverter-duty, furnace, generator, and special-duty transformers, has positioned it well to capitalize on the growing demand in the power and industrial sectors.
