Atlanta Electricals IPO

Atlanta Electricals IPO
Atlanta Electricals Limited, incorporated in 1988, is a manufacturer of power, auto, and inverter duty transformers in India. The company offers six main products: power transformers, inverter-duty transformers, furnace transformers, generator transformers, and special-duty transformers. It operates across 19 states and 3 union territories in India and has supplied over 4,000 transformers to state and national grids, private companies, and renewable energy projects.
Investment Timeline
🤖 Smart Analysis
*AI score is algorithmic and for educational purposes only.
🎯 Application Strategy
Action: 👍 CONSIDER - Decent opportunity for diversification
Lots: Apply 1-2 lots based on risk appetite
⏳ Timing Advice
⏰ Apply by DAY 2 NOON - High demand, good allotment still possible
Key Factor Analysis
Issue Details
Object of the Issue
The company proposes to utilize the Net Proceeds from the Issue towards the following objects:
- Repayment/ prepayment, in full or in part, of certain outstanding borrowings availed by the Company.
- Funding working capital requirements of the Company.
- General corporate purposes.
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