New Delhi, Sept. 23 -- The initial public offer (IPO) of Atlanta Electricals opened on September 22 and will close for subscription on September 24.

The Rs.687.34 crore IPO, had fixed a price band in the range of Rs.718-754 apiece.

By the end of Day 1, the issue was subscribed 1.00 times. It received bids for 64 lakh crore shares as against 64 lakh on offer. The retail portion was subscribed 0.99 times while the non-institutional investors (NII) category was bid 1.03 times and the qualified institutional buyers (QIBs) quota was bid 1.00 times. Finally, the employee portion was booked 0.59 times.

Atlanta Electricals IPO is witnessing healthy interest in the grey market, with a grey market premium (GMP) of Rs.95. This suggests that the s...