Atlanta Electricals Ltd IPO

Last Updated: 06 February 2025 9:55 AM by 5Paisa

Initial public offering of up to [*] 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. [*] per equity share (including a Share Premium of Rs. [*] per Equity Share) (Offer Price) aggregating up to Rs. [*] crores (the Offer) comprising of a fresh issue of up to [*] 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. [*] crores comprising up to 435,900 equity shares of face value of Rs. 2/- each by Atlanta UHV Transformers LLP, aggregating up to Rs. [*] crores, up to 666,560 equity shares of face value of Rs. 2/- each by Hemang Harendra Shah aggregating up to Rs. [*] crores, up to 777,185 equity shares of face value of Rs. 2/- each by Nimish Harendra Shah aggregating up to Rs. [*] 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. [*] 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. [*] crores and up to 1,387,500 equity shares of face value of Rs. 2/- each by Jignesh Suryakant Patel aggregating up to Rs. [*] crores (Collectively, Selling Shareholders and such offer for sale of equity shares by the selling shareholders, the Offer for Sale). The offer includes a reservation of up to [*] equity shares of face value of Rs. 2/- each, aggregating up to Rs. [*] crores (Constituting up to [*] % of the post-offer paid-up Equity Share Capital) for subscription by eligible employees (Employee Reservation Portion). The company, in consultation with the brlms may offer a discount of up to Rs. [*] on the offer price to eligible employees bidding in the employee reservation portion (Employee Discount), subject to necessary approvals as may be required. the offer less the employee reservation portion is hereinafter referred to as the Net Offer. The offer and the net offer shall constitute [*] % and [*] % of the post-offer paid-up equity share capital of its company, respectively. The company, in consultation with the brlms, may consider a further issue of specified securities through a preferential issue or any other method, as may be permitted under the applicable law, aggregating up to Rs. 80.00 crores, prior to the filing of the pre-ipo placement, if undertaken, will be at a price to be decided by its company, in consultation with the brlms. if the pre-ipo placement is completed, the amount raised pursuant to the pre-ipo placement will be reduced from the fresh issue, subject to compliance with rule 19(2)(b) of the scrr. the pre-ipo placement, if undertaken, shall not exceed 20 % of the size of the fresh issue. Prior to the completion of the offer, the company shall appropriately, intimate the subscribers to the pre-ipo placement, prior to allotment pursuant to the pre-ipo placement, that there is no guarantee that the company may proceed with the offer, or the offer may be successful and will result into listing of the equity shares on the stock exchanges. further, relevant disclosures in relation to such intimation to the subscribers to the pre-ipo placement (if Undertaken) shall be appropriately made in the relevant sections. The face value of the equity shares is Rs. 2/- each. the offer price is [*] times the face value of the equity shares. The price band, the rupee amount or discount, if any, to eligible employees bidding in the employee reservation portion (Employee Discount) and the minimum bid lot will be decided by the company,