Update on acquisition of Equity Shares in the IPO of Atlanta Electricals Limited in the QIB category.
ZSARACOM · price
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Awaiting price reaction for this filing.
Saraswati Commercial (India) Ltd, an NBFC focused on investments, had bid for 19,89,395 equity shares of Atlanta Electricals Limited in the latter's IPO at Rs. 754 per share. Atlanta Electricals allotted only 9,776 shares to Saraswati, worth Rs. 73.71 lakhs, representing just 0.01% of post-issue capital. Atlanta Electricals, incorporated in 1988, manufactures power and special duty transformers and reported FY25 turnover of Rs. 1,250.49 crore with net worth of Rs. 349.90 crore. The IPO issue size was Rs. 687.34 crore. The acquisition was completed on 25 September 2025 on a cash basis and is not a related-party transaction.
This is a small, routine investment by Saraswati (an NBFC) from its normal course of business and the allotment is well below SEBI's disclosure threshold. Limited material impact on Saraswati's financials or stock price; effectively a portfolio investment disclosure.