New Delhi, Sept. 22 -- Atlanta Electricals initial public offering (IPO) drew decent demand on the opening day of bidding, September 22, with investors applying for 63.86 lakh shares against the total issue size of 64 lakh shares. This left the IPO almost entirely subscribed by the close of Day 1, according to exchange data.

Non-institutional buyers showed healthy interest, with their portion subscribed 1.03 times, while the retail investors' portion was booked 1.01 times. The QIB (Qualified Institutional Buyers) portion was also fully booked.

The company aims to raise Rs.687 crore through the offering, which is a combination of a fresh issue of 0.53 crore shares aggregating to Rs.400 crore and an offer for sale of 0.38 crore shares agg...