Atlanta Electricals Ltd., comprises a fresh issue of shares worth Rs 400 crore and an offer-for-sale component worth Rs 287 crore consisting of 38 lakh shares. (Source: Pexels) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Atlanta Electricals Ltd., opens for its final day of subscription on Wednesday. The IPO was subscribed 3.07 times led by non-institutional investors on its second day of bidding on Tuesday. The IPO was subscribed 0.97 times on its first day on Monday.

The initial public offering set to raise Rs 687 crore and the price band for the IPO is set between Rs 718 and Rs 754 per share.

The face value per share is Rs 2. The IPO comprises a fresh issue of shares worth Rs 400 crore and an offer-for-sale component worth Rs 287 crore consisting of 38 lakh shares.

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