Trilegal and JSA Advocates and Solicitors advised on Atlanta Electricals Limited’s IPO.

Atlanta is a transformer manufacturer in India specialising in power, auto and inverter duty transformers up to and including 500 Mega Volt-Amp capacity and with 775 kilovolts voltage, across 19 states and three union territories.

The IPO proceeds will be utilised for the repayment of its borrowings and funding its working capital requirements. The IPO was over-subscribed 70.63 times, recording an overwhelming response from Qualified Institutional Buyers with 194.92 times subscription. Atlanta listed with a strong debut, delivering a 14.59% premium on the bourses.

The syndicate of book running lead managers comprised Motilal Oswal Investment Advisors Limited and Axis Capital Limited.

Trilegal advised on the successful listing of equity shares by Atlanta Electricals Limited aggregating to ₹6,873.41 million (IPO).

The Trilegal Capital Markets team advising on the matter was led by Partner Richa Choudhary; and supported by Counsels Avanti Kale and Maitreya Rajurkar, Senior Associate Pooja Tada; and Associates Siddhant Mishra, Deepanshu Agarwal, and Shreyansh Gupta.

JSA Advocates & Solicitors advised Motilal Oswal Investment Advisors Limited and Axis Capital Limited, the Book Running Lead Managers, in relation to the initial public offering of equity shares of Atlanta Electricals Limited (IPO) comprising of a fresh issue and offer for sale by the Selling Shareholders.

The JSA team was led by Partner Arka Mookerjee, with support from Equity Capital Markets team comprising of Partner Siddhartha Desai, and Senior Associate Govind Roy and Associates Prateek Khandelwal, Vaishnavi Kokkonda, Bhuvnesh Kumar and Aditya Shendye.