Atlanta Electricals’ IPO experienced high interest on its opening day, September 22, with investors applying for 63.86 lakh shares out of the 64 lakh shares offered, nearly fully subscribing the offering. Non-institutional buyers applied 1.03 times, retail investors 1.01 times, and the Qualified Institutional Buyers (QIB) portion was completely subscribed. The company aims to raise ₹687 crore, which includes 0.53 crore new shares valued at ₹400 crore and 0.38 crore shares available for sale worth ₹287.34 crore. The price range for shares is set between ₹718 and ₹754 each, with retail investors able to purchase a minimum of 19 shares per lot, up to a maximum of 13 lots.
At the upper price of ₹754 per share, the minimum investment per lot is ₹14,326. Proceeds from the IPO will be allocated towards debt repayment, working capital, and general business operations. Share allotment is anticipated on September 25, 2025, with listing on the BSE and NSE scheduled for September 29, 2025. Motilal Oswal Investment Advisors serves as the lead manager, and MUFG Intime India is the registrar. The Grey Market Premium (GMP) stands at ₹141 per share, indicating a potential listing price approximately 18.7% higher than the maximum share price of ₹754.