Atlanta Electricals shares experienced a robust debut on Monday, concluding with a 9% gain. The stock opened at a premium of 13.66% on the NSE, priced at ₹857, and a 13.80% premium on the BSE, listed at ₹858. This was in comparison to the issue price of ₹754.
Throughout the trading day, the shares fluctuated between ₹806 and ₹865, ultimately settling at ₹823.35 by market close.
The initial public offering (IPO) raised ₹687 crore and was well-received, achieving an impressive subscription rate of 70.63 times by the final bidding day. The qualified institutional buyers (QIB) segment saw a substantial subscription of 194.92 times, while non-institutional investors (NIIs) subscribed at a rate of 54.20 times. Retail individual investors participated with a subscription rate of 10.42 times.
The company garnered ₹205 crore from anchor investors. The IPO featured a price band between ₹718 and ₹754 per share, comprising a fresh equity issuance worth ₹400 crore and an offer for sale (OFS) of 3.81 million shares valued at ₹287 crore at the upper price limit, initiated by a promoter and other selling shareholders. Motilal Oswal Investment Advisors and Axis Capital served as the book-running lead managers for the issue.
Funds raised through the IPO are earmarked for debt repayment, enhancing the company’s working capital, and addressing general corporate needs.
In contrast, Ganesh Consumer Products shares concluded at ₹294.30 and ₹293.95 on the NSE and BSE, respectively, after debuting at more than an 8% discount from the issue price of ₹322. Prime Cable Industries had a subdued listing, starting at ₹81 against an IPO price of ₹83 on the NSE Emerge platform and eventually settling at ₹78.30.
Published on September 29, 2025.
