Overview

• Atlanta Electricals opened at Rs 858.10 on NSE and Rs 857 on BSE, a gain of about 14% over the Rs 754 issue price.
• The transformer maker’s IPO was subscribed 70.63 times, drawing 4.62 crore bids for 65.38 lakh shares and raising Rs 687.34 crore through a mix of fresh issue and OFS.
• Proceeds for Atlanta Electricals are earmarked for debt reduction, working capital needs and general corporate purposes.
• Ganesh Consumer Products is scheduled to list today after a smaller 2.67 times subscription and a Rs 408.80 crore offering.
• Pre-listing grey-market cues showed Atlanta near a Rs 114 premium and Ganesh at a Rs 9–10 discount, figures that are unofficial and indicative rather than authoritative.