Atlanta Electricals Listed on NSE and BSE with a Premium of ~14% on September 29

Following the successful IPO, Atlanta Electricals shares listed at ₹858.10 on the BSE, marking a premium of ₹104.10 or 13.81% over its issue price of ₹754. On the NSE, shares opened at ₹857 apiece, translating to a gain of 13.66% for investors on debut.

Atlanta Electricals IPO Subscription Details

Atlanta Electricals IPO opened from September 22 to 24, saw overwhelming investor interest, and was being subscribed to a remarkable 72.16 times overall.

• The retail investor segment was subscribed 10.76 times,
• Non-Institutional Investors (NIIs) bid 55.82 times,
• The Qualified Institutional Buyer (QIB) category witnessed a blockbuster response with 194.77 times subscription.

Atlanta Electricals IPO Structure

The ₹687.85 crore IPO was a mix of a fresh issue worth ₹400.51 crore and an offer for sale (OFS) amounting to ₹287.34 crore. The price band for the issue was set at ₹718–₹754 per share, with a minimum lot size of 19 shares, requiring a retail investment of ₹14,326 at the upper end.

Atlanta Electricals plans to utilise ₹79.12 crore from the fresh issue proceeds for repayment of certain outstanding borrowings. Another ₹210 crore is allocated toward working capital requirements, while the remaining funds will support general corporate purposes.

Also Read: Upcoming IPOs This Week: 5 Mainboard and 16 SME IPO Set to Open Week Starting Sep 29

About Atlanta Electricals Limited

Atlanta Electricals is a leading manufacturer of a wide range of transformers in India. Its product portfolio includes:

• Power transformers
• Inverter-duty transformers
• Furnace transformers
• Generator transformers
• Auto transformers
• Special-duty transformers

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