NewsIPOAtlanta Electricals IPO Closes with Strong 3.07x Subscription, Grey Market Signals Potential GainsAtlanta Electricals IPO Closes with Strong 3.07x Subscription, Grey Market Signals Potential Gains
Atlanta Electricals' IPO concluded with an overall subscription of 3.07 times. Non-Institutional Buyers showed the highest demand at 5.55 times, followed by Retail Investors at 2.94 times, and Qualified Institutional Buyers at 1.48 times. The grey market premium of Rs 135.00 suggests a potential listing price of Rs 889.00, indicating a 17.90% gain over the price band cap of Rs 754.00. The IPO, worth Rs 687.34 crore, included a fresh issue of Rs 400.00 crore and an offer for sale of Rs 287.34 crore. Allotment is expected on September 25, with listing tentatively set for September 29 on BSE and NSE.
*this image is generated using AI for illustrative purposes only.
Atlanta Electricals' Initial Public Offering (IPO) concluded on September 24, marking a successful end to its subscription period. The IPO garnered significant interest from investors, achieving an overall subscription of 3.07 times.
Subscription Details
The IPO saw varied interest across different investor categories:
- Non-Institutional Buyers (NIBs) showed the strongest demand, with a subscription rate of 5.55 times.
- Retail Investors also displayed robust interest, subscribing 2.94 times.
- Qualified Institutional Buyers (QIBs) participated with a subscription of 1.48 times.
| Investor Category | Subscription Rate |
|---|---|
| Non-Institutional Buyers | 5.55x |
| Retail Investors | 2.94x |
| Qualified Institutional | 1.48x |
| Overall | 3.07x |
Grey Market Premium
The grey market is indicating a positive sentiment towards Atlanta Electricals' shares:
- Current Grey Market Premium: Rs 135.00
- Estimated Listing Price: Rs 889.00
- Price Band Cap: Rs 754.00
- Potential Gains: 17.90% per share
This premium suggests a strong market appetite for the company's shares ahead of its official listing.
IPO Details
- Total IPO Size: Rs 687.34 crore
- Fresh Issue: Rs 400.00 crore
- Offer for Sale: Rs 287.34 crore
- Price Band: Rs 718.00 - Rs 754.00 per share
Key Dates
- Allotment Date: Expected on September 25
- Listing Date: Tentatively set for September 29 on both BSE and NSE
Company Background
Atlanta Electricals, incorporated in December 1988, specializes in manufacturing:
- Power transformers
- Auto transformers
- Inverter duty transformers
The company's successful IPO and the positive grey market premium indicate investor confidence in its business model and growth prospects. As the listing date approaches, market participants will be keenly watching to see if the official listing matches or exceeds the grey market expectations.
Investors and market observers are advised to wait for the official listing to gauge the actual market performance of Atlanta Electricals' shares.
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