ATLANTA ELECTRICALS LIMITED’S ₹687 CRORE IPO TO OPEN ON MONDAY, SEPTEMBER 22, 2025

ATLANTA ELECTRICALS LIMITED’S ₹687 CRORE IPO TO OPEN ON MONDAY, SEPTEMBER 22, 2025

·         Price band fixed at ₹718 to ₹ 754 per Equity Share of face value of ₹2 each (“Equity Share”)

·         Bid Offer will open on Monday, September 22, 2025 and close on Wednesday, September 24, 2025 (“Bid Dates”). The Anchor Investor Bid / Offer Period shall be Friday, September 19, 2025.

·         Bids can be made for a minimum of 19 Equity Shares and in multiples of 19 Equity Shares thereafter. (“No of Bids”)

·         RHP Link: https://www.motilaloswalgroup.com/Docsvirdir/1222021330Atlanta%20Electricals%20Limited_RHP.pdf

Atlanta Electricals Limited (“Atlanta” or “The Company”), shall open its Bid/Offer in relation to its initial public offer of Equity Shares on Monday, September 22, 2025.

The total offer size of equity shares with face value ₹ 2 each aggregating up to ₹ 6,873 million [₹ 687 crore] (“Total Offer Size”) comprises of fresh issue of equity shares aggregating up to ₹ 4,000 million [₹ 400 crore] and Offer for sale of equity share aggregating up to ₹2,873 million [₹ 287 crore].

The price band for the Offer is at ₹ 718 to ₹ 754 per Equity Share. (“The Price Band”).

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”)

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 balance towards (iii) General corporate purposes. (“Objects of the Offer”)

The Offer for Sale of up to 3,810,895 Equity Shares comprises up to 435,900 Equity Shares by Atlanta UHV Transformers LLP (The “Promoter Selling Shareholders”) ; 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 Patel (The “Other Selling Shareholders”).

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”)

The Equity Shares offered through this Red Herring Prospectus are proposed to be listed on the BSE Limited (“BSE”) and the National Stock Exchange of India Limited (“NSE”).  (“Listing Details”)

Motilal Oswal Investment Advisors Limited & Axis Capital Limited are the book running lead managers to the Offer (The “BRLMs”).

All capitalised terms used herein but not defined shall have the same meaning as ascribed to them in the RHP.

The Offer is being made through the Book Building Process, in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended (the “SCRR”) read with Regulation 31 of the SEBI ICDR Regulations and in compliance with Regulation 6(1) of the SEBI ICDR Regulations wherein not more than 50% of the Net Offer shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (“QIBs”) (the “QIB Portion”), provided that our Company, in consultation with the BRLMs, may allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis (“Anchor Investor Portion”).

One-third of the Anchor Investor Portion shall be reserved for domestic Mutual Funds, subject to valid Bids being received from the domestic Mutual Funds at or above the price at which allocation is made to Anchor Investors (“Anchor Investor Allocation Price”), in accordance with the SEBI ICDR Regulations. In the event of under-subscription, or non-allocation in the Anchor Investor Portion, the balance Equity Shares shall be added to the QIB Portion (excluding the Anchor Investor Portion) (“Net QIB Portion”).

Further, 5% of the Net QIB Portion shall be available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to all QIB Bidders, including Mutual Funds, subject to valid Bids being received from them at or above the Offer Price. However, if the aggregate demand from Mutual Funds is less than 5% of the Net QIB Portion, the balance Equity Shares available for allocation in the Mutual Fund Portion will be added to the remaining Net QIB Portion for proportionate allocation to QIBs.

The Offer for Sale of up to 3,810,895 Equity Shares comprises up to 435,900 Equity Shares by Atlanta UHV Transformers LLP (The “Promoter Selling Shareholders”) ; 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 Patel (The “Other Selling Shareholders”).

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”)

The Equity Shares offered through this Red Herring Prospectus are proposed to be listed on the BSE Limited (“BSE”) and the National Stock Exchange of India Limited (“NSE”).  (“Listing Details”)

Motilal Oswal Investment Advisors Limited & Axis Capital Limited are the book running lead managers to the Offer (The “BRLMs”).

All capitalised terms used herein but not defined shall have the same meaning as ascribed to them in the RHP.

The Offer is being made through the Book Building Process, in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended (the “SCRR”) read with Regulation 31 of the SEBI ICDR Regulations and in compliance with Regulation 6(1) of the SEBI ICDR Regulations wherein not more than 50% of the Net Offer shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (“QIBs”) (the “QIB Portion”), provided that our Company, in consultation with the BRLMs, may allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis (“Anchor Investor Portion”).

One-third of the Anchor Investor Portion shall be reserved for domestic Mutual Funds, subject to valid Bids being received from the domestic Mutual Funds at or above the price at which allocation is made to Anchor Investors (“Anchor Investor Allocation Price”), in accordance with the SEBI ICDR Regulations. In the event of under-subscription, or non-allocation in the Anchor Investor Portion, the balance Equity Shares shall be added to the QIB Portion (excluding the Anchor Investor Portion) (“Net QIB Portion”).

Further, 5% of the Net QIB Portion shall be available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to all QIB Bidders, including Mutual Funds, subject to valid Bids being received from them at or above the Offer Price. However, if the aggregate demand from Mutual Funds is less than 5% of the Net QIB Portion, the balance Equity Shares available for allocation in the Mutual Fund Portion will be added to the remaining Net QIB Portion for proportionate allocation to QIBs.ends GNI