Atlanta Electricals IPO Debuts Today with Strong Buzz and Premium Signals

Atlanta Electricals Limited is set to make its stock market debut today, September 29, at 10:00 IST on both BSE and NSE. The listing comes after an overwhelming response during the IPO subscription period, with investors keenly watching the grey market premium and expert forecasts for early performance.

Key highlights from the IPO and listing outlook:

1. The IPO was subscribed 70.63 times overall, with QIBs leading at 194.92 times, NIIs at 54.21 times, and retail investors at 10.42 times  
2. The issue price was set at Rs 754 per share, with a GMP of Rs 110 indicating a potential listing price of Rs 864  
3. The listing will occur in the B Group of Securities during a special pre-open session  
4. Shares were credited to successful applicants’ demat accounts on September 26  
5. The IPO comprised a fresh issue of Rs 400 crore and an offer for sale worth Rs 287.34 crore  
6. Experts suggest a 12–14 percent listing gain based on GMP trends and strong investor appetite  
7. Harshal Dasani of INVasset PMS notes that Atlanta stands to benefit from India’s rising capex in transmission and distribution  
8. The company’s order book and revenue visibility are strong, though margin pressures from input costs remain a concern  
9. Compared to peers, Atlanta’s valuation is seen as reasonable with scope for rerating if execution remains robust  
10. Further upside will depend on order inflows, sector momentum, and broader market sentiment

Sources: MSN India, Livemint, Chittorgarh, Moneycontrol