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The IPO of Atlanta Electricals Limited opened today with steady participation across investor categories. On the first day, subscription demand was moderate, with retail investors and institutions showing cautious interest.
The issue size stands at ₹687.34 crore, split between a fresh issue and an offer for sale. For retail participants, the entry point starts at just one lot of 19 shares, translating to ₹14,326 at the upper price band. This IPO also includes a small employee reservation at a discounted rate. You can read the complete details here: Atlanta Electricals IPO.
The IPO was subscribed 0.90 times by the end of Day 1. QIBs led with full subscription, while retail and NII categories are catching up.
Breakdown of Day 1 bids (as of 3:49 PM, Sep 22, 2025):
Category | Shares Offered | Shares Bid For | Subscription (times) |
QIB (Ex Anchor) | 18,06,533 | 18,13,911 | 1.00 |
NII | 13,56,425 | 11,05,819 | 0.82 |
• bNII (> ₹10L) | 9,04,284 | 4,77,584 | 0.53 |
• sNII (₹2L–₹10L) | 4,52,142 | 6,28,235 | 1.39 |
Retail | 31,64,992 | 27,96,458 | 0.88 |
Employee | 73,099 | 30,742 | 0.42 |
Total | 64,01,049 | 57,46,930 | 0.90 |
Applications received: 1,26,902
The IPO is a mix of fresh equity and offer for sale, with nearly 91.16 lakh shares up for grabs. Priced between ₹718–₹754, the company aims to raise funds primarily for debt repayment and working capital.
IPO Size: ₹687.34 crore
Fresh Issue: ₹400 crore
Offer for Sale: ₹287.34 crore
Lot Size: 19 shares (₹14,326 minimum retail investment)
Listing: BSE, NSE
Promoter Holding: Pre-issue 94.36%, Post-issue 86.97%
The company plans to deploy funds raised from the fresh issue towards:
Repayment/prepayment of borrowings (₹79.12 crore)
Funding working capital requirements (₹210.00 crore)
General corporate purposes
Additional Read- How to Apply for the Atlanta Electricals IPO?
Before opening to the public, Atlanta Electricals secured anchor investment worth ₹204.70 crore.
Anchor Bid Date | Shares Allotted | Amount Raised (₹ Cr) | Lock-in End (50%) | Lock-in End (Remaining) |
Sep 19, 2025 | 27,14,885 | 204.70 | Oct 25, 2025 | Dec 24, 2025 |
Click here to check out recently closed IPO
Day 1 of the Atlanta Electricals IPO saw a decent response, particularly from QIBs and small HNIs. Retail participation is just shy of full subscription but may pick up pace as the issue nears closing.
Given its fundamentals, diversified product portfolio, and healthy order book, the IPO has drawn attention, though valuations appear on the higher side. Watching subscription trends on Day 2 and 3 will be crucial before making a final call.
Interested in more opportunities? Check out our Upcoming IPO section for new listings and don’t forget to check your IPO allotment status for Atlanta Electricals IPO.
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