"Atlanta Electricals Raises ₹687 Crore in Over-Subscribed IPO to Repay Borrowings and Fund Working Capital"

"Atlanta Electricals Limited has successfully raised ₹687.341 crore through its initial public offering (IPO), which included a fresh issue of equity shares and an offer for sale by existing shareholders. The funds will be used to repay company borrowings and support working capital needs. The IPO was highly successful, being oversubscribed 70.63 times, particularly attracting interest from Qualified Institutional Buyers. Atlanta Electricals specializes in manufacturing transformers in India and had a strong market debut, with shares rising 14.59% on the first day."

In a recent transaction, law firms Trilegal and JSA Advocates & Solicitors played significant roles in the initial public offering (IPO) of Atlanta Electricals Limited. Trilegal advised Atlanta Electricals on the IPO, while JSA provided counsel to the Book Running Lead Managers, Motilal Oswal Investment Advisors Limited and Axis Capital Limited. Atlanta Electricals Limited successfully raised ₹687.341 crore through its IPO, which included a fresh issue of equity shares and an offer for sale of up to 3,810,895 shares by selling shareholders. The proceeds from the IPO will be utilized for repaying the company's borrowings and funding its working capital requirements. The IPO was notably over-subscribed 70.63 times, with a remarkable 194.92 times subscription from Qualified Institutional Buyers, and the company made a strong market debut with a 14.59% premium. The transaction team from Trilegal was led by Partner Richa Choudhary, supported by Counsel Avanti Kale, Maitreya Rajurkar, Senior Associate Pooja Tada, and Associates Siddhant Mishra, Deepanshu Agarwal, and Shreyansh Gupta. From JSA Advocates & Solicitors, the team consisted of Lead Partner Arka Mookerjee, Partner Siddhartha Desai, and Associates Ankesh Kumar, Govind Roy, Dhvanit Kothari, Prateek Khandelwal, and Vaishnavi Kokkonda.

"Atlanta Electricals Raises ₹687 Crore in Over-Subscribed IPO to Repay Borrowings and Fund Working Capital"

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