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Atlanta Electricals IPO Oversubscribed 70.63×, Allotment Expected Today
Atlanta Electricals’ IPO closed with a whopping 70.63× subscription, driven by very strong demand from institutional bidders. Grey market premium (GMP) is currently pegged around ₹116, implying an estimated listing price near ₹870—about 15% above upper issue price. Allotment is being finalized today, with the shares expected to list on BSE and NSE around September 29, and refunds to unsuccessful applicants processed shortly after.
Companies:
- Atlanta Electricals
Tags:
- Atlanta Electricals
- IPO subscription
M• By Ayush Samantaray
Explore:Mutual Fund Home
positive
Atlanta Electricals IPO Oversubscribed 70.63×, Allotment Expected Today
Atlanta Electricals’ IPO closed with a whopping 70.63× subscription, driven by very strong demand from institutional bidders. Grey market premium (GMP) is currently pegged around ₹116, implying an estimated listing price near ₹870—about 15% above upper issue price. Allotment is being finalized today, with the shares expected to list on BSE and NSE around September 29, and refunds to unsuccessful applicants processed shortly after.
Companies:
- Atlanta Electricals
Tags:
- Atlanta Electricals
- IPO subscription
M• By Ayush Samantaray
Explore:Mutual Fund Home
1 min read
64 words
Atlanta Electricals IPO massively oversubscribed; allotment underway with 15%+ listing hopes.
Atlanta Electricals’ IPO closed with a whopping 70.63× subscription, driven by very strong demand from institutional bidders. Grey market premium (GMP) is currently pegged around ₹116, implying an estimated listing price near ₹870—about 15% above upper issue price. Allotment is being finalized today, with the shares expected to list on BSE and NSE around September 29, and refunds to unsuccessful applicants processed shortly after.
Atlanta Electricals’ IPO closed with a whopping 70.63× subscription, driven by very strong demand from institutional bidders. Grey market premium (GMP) is currently pegged around ₹116, implying an estimated listing price near ₹870—about 15% above upper issue price. Allotment is being finalized today, with the shares expected to list on BSE and NSE around September 29, and refunds to unsuccessful applicants processed shortly after.
Companies:
- Atlanta Electricals
Tags:
- Atlanta Electricals
- IPO subscription
- Atlanta Electricals
- IPO subscription
- GMP
- allotment
- listing gains