Overview

• The offer was subscribed 3.07 times by Tuesday, with non-institutional investors at 5.55x, retail at about 2.94x, and QIBs at 1.48x, according to NSE data.
• Grey-market indications showed a Rs 135 premium on September 24, implying an estimated listing price near Rs 889, though such signals are unofficial and volatile.
• The Rs 687 crore book-built issue comprises a Rs 400 crore fresh issue plus an offer for sale of about Rs 287 crore.
• The price band is Rs 718–754 per share, implying a valuation of roughly Rs 5,800 crore at the upper end.
• Atlanta Electricals raised Rs 205 crore from anchor investors, with proceeds earmarked for debt repayment, working capital requirements and general corporate purposes.