Atlanta Electricals IPO Fully Subscribed on Day 1, GMP ₹141

Atlanta Electricals IPO Fully Subscribed on Day 1, GMP ₹141

Atlanta Electricals’ IPO saw strong demand on the first day, September 22. Investors applied for 63.86 lakh shares out of 64 lakh shares, almost filling the IPO.

Non-institutional buyers applied 1.03 times, retail investors 1.01 times, and the QIB portion was fully taken.

The company plans to raise ₹687 crore. This includes 0.53 crore new shares worth ₹400 crore and 0.38 crore shares for sale worth ₹287.34 crore.

The price range is ₹718 to ₹754 per share. Retail investors can buy a minimum of 19 shares per lot and up to 13 lots. At ₹754 per share, the minimum cost per lot is ₹14,326.

Money from the IPO will be used for paying debts, working capital, and general business needs. Share allotment is expected on September 25, 2025