The Atlanta Electricals IPO commenced on Monday, September 22, and will be available for subscription until September 24. The IPO is currently trading at a premium in the grey market, suggesting potential profits for investors. The details of the IPO are as follows: Grey Market Premium (GMP) is Rs 110 (as of September 23, 11:30 a.m.), with a Price Band set between Rs 718 and Rs 754 per share. The estimated listing price is Rs 849, suggesting a potential gain of approximately 14.59% per share. The total issue size is Rs 687.34 crore, with a fresh issue of 0.53 crore shares amounting to Rs 400 crore, and an offer for sale of 0.38 crore shares valued at Rs 287.34 crore.
The IPO was subscribed 1.89 times as of September 23. The allotment date is September 25, and the listing date is September 29 on BSE and NSE.