The initial share sale of Atlanta Electricals Ltd, manufacturer of power, auto and inverter duty transformers, fetched 70.63 times subscription on the final day of bidding on Wednesday.
The initial public offer (IPO) received bids for 46,17,87,742 shares against 65,38,439 shares on offer, according to details available with the NSE.
The Qualified Institutional Buyers (QIBs) portion received a huge 194.92 times subscription. The quota for non-institutional investors attracted 54.20 times subscription, and the category for Retail Individual Investors (RIIs) got subscribed 10.42 times.
Atlanta Electricals Ltd on Friday said it has raised Rs 205 crore from anchor investors.
The company’s Rs 687-crore initial public offering (IPO) has a price band of Rs 718-754 per share, valuing the company at roughly Rs 5,800 crore at the upper end.
The Gujarat-based company’s IPO is a combination of a fresh issue of equity shares worth Rs 400 crore and an offer for sale (OFS) of 38.1 lakh equity sha​The initial share sale of Atlanta Electricals Ltd, manufacturer of power, auto and inverter duty transformers, fetched 70.63 times subscription on the final day of bidding on Wednesday.
The initial public offer (IPO) received bids for 46,17,87,742 shares against 65,38,439 shares on offer, according to details available with the NSE.
The Qualified Institutional Buyers (QIBs) portion received a huge 194.92 times subscription. The quota for non-institutional investors attracted 54.20 times subscription, and the category for Retail Individual Investors (RIIs) got subscribed 10.42 times.
Atlanta Electricals Ltd on Friday said it has raised Rs 205 crore from anchor investors.
The company’s Rs 687-crore initial public offering (IPO) has a price band of Rs 718-754 per share, valuing the company at roughly Rs 5,800 crore at the upper end.
The Gujarat-based company’s IPO is a combination of a fresh issue of equity shares worth Rs 400 crore and an offer for sale (OFS) of 38.1 lakh equity sha ​Latest News [ SOBAN NEWS: International and National ]
