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Atlanta Electricals IPO Oversubscribed 70.63×, Allotment Expected Today
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Atlanta Electricals IPO massively oversubscribed; allotment underway with 15%+ listing hopes.
Atlanta Electricals’ IPO closed with a whopping 70.63× subscription, driven by very strong demand from institutional bidders. Grey market premium (GMP) is currently pegged around ₹116, implying an estimated listing price near ₹870—about 15% above upper issue price. Allotment is being finalized today, with the shares expected to list on BSE and NSE around September 29, and refunds to unsuccessful applicants processed shortly after.