Atlanta Electricals Ltd - IPO

Atlanta Electricals Ltd IPO Details

Initial public offering of up to 9,122,720 equity shares of face value of Rs. 2/- each (Equity Shares) of Atlanta Electricals Limited (Company or Issuer) for cash at a price of Rs. 754 per equity share (including a Share Premium of Rs. 752 per Equity Share) (Offer Price) aggregating up to Rs. 687.34 crores (the Offer) comprising of a fresh issue of up to 5,311,825 equity shares of face value of Rs. 2/- each aggregating up to Rs. 400.00 crores (Fresh Issue) and an offer for sale of up to 3,810,895 equity shares of face value of Rs. 2/- each (Offered Shares) aggregating up to Rs. 287.34 crores comprising up to 435,900 equity shares of face value of Rs. 2/- each by Atlanta UHV Transformers LLP, aggregating up to Rs. 32.87 crores, up to 666,560 equity shares of face value of Rs. 2/- each by Hemang Harendra Shah aggregating up to Rs. 50.26 crores, up to 777,185 equity shares of face value of Rs. 2/- each by Nimish Harendra Shah aggregating to Rs. 58.60 crores, up to 217,500 equity shares of face value of Rs. 2/- each by Dhaval Harshadbhai Mehta (Held Jointly with Avanee Dhavalbhai Mehta) aggregating up to Rs.16.4 crores, up to 326,250 equity shares of face value of Rs. 2/- each by Gitaben Harshadbhai Mehta (Held Jointly with Harshadbhai Amritlal Mehta) aggregating up to Rs. 24.60 crores and up to 1,387,500 equity shares of face value of Rs. 2/- each by Jignesh Suryakant Patel aggregating up to Rs. 104.62 crores (Collectively, Selling Shareholders and such offer for sale of equity shares by the selling shareholders, the Offer for Sale).Price Band: Rs. 754/- for equity share of face value of Rs. 10 each.The floor price is 75.4 times times the face value of the face value of the equity shares.Bids can made for a minimum of 19 equity shares and in multiples of 19equity shares thereafter.A discount of Rs. 70 per equity share is being offered to eligible employees bidding in the employee reservation portion.

Objective of issue

Repayment/prepayment, in full or in part, of certain outstanding borrowings availed by the company. Funding working capital requirements of the comapny. General corporate purposes.

Atlanta Electricals Ltd Contact Details

Atlanta Electricals Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - complianceofficer@aetrafo.com

Website - www.aetrafo.com