Mumbai: Atlanta Electricals Limited shall open its bid/offer in relation to its initial public offer of equity shares on Monday, September 22, 2025, the company said today.

As per an official release, “The total offer size of equity shares with a face value of ₹2 each, aggregating up to ₹6,873 million [₹687 crore], comprises a fresh issue of equity shares aggregating up to ₹4,000 million [₹400 crore] and an offer for sale of equity shares aggregating up to ₹2,873 million [₹287 crore]. The price band for the offer is ₹718 to ₹754 per equity share.”

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”).

As per an official statement, 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 ₹791.2 million [₹79 crore]; (ii) funding working capital requirements of the Company, estimated to be ₹2,100 million [₹210 crore]; and the balance towards (iii) general corporate purposes.

The offer for sale of up to 3,810,895 equity shares comprises: up to 435,900 equity shares by Atlanta UHV Transformers LLP; up to 666,560 equity shares by Hemang Harendra Shah; up to 777,185 equity shares by Nimish Harendra Shah; up to 217,500 equity shares by Dhaval Harshadbhai Mehta (held jointly with Avanee Dhavalbhai Mehta); up to 326,250 equity shares by Gitaben Harshadbhai Mehta (held jointly with Harshadbhai Amritlal Mehta); and up to 1,387,500 equity shares by Jignesh Suryakant Pate, the press release stated.

The equity shares are being offered through the Red Herring Prospectus of the Company dated September 16, 2025, filed with the Registrar of Companies, Maharashtra at Mumbai (“ROC”).