New Delhi, Sept. 24 -- The initial public offering (IPO) of Atlanta Electricals closed with strong bids on the third and final day of subscription on Wednesday, September 24.

The issue sailed through yesterday, September 23, closing with 3 times bids, while it ended the first day of bidding with 97% subscription.

Meanwhile, on the last day, today, Atlanta Electricals IPO witnessed 70.63 times bids as investors applied for 46,17,85,899 shares as against 65,38,439 shares on offer, according to data from BSE.

The category for Qualified Institutional Buyers (QIBs) was booked 194.92 times, the Non-Institutional Investors 54.20 times and the retail investors 10.42 times.

Atlanta Electricals is enjoying a strong grey market premium (GMP). As...