New Delhi, Sept. 26 -- The grey market premium (GMP) has hinted at a strong debut for Atlanta Electricals shares, scheduled to list on Monday, September 29. The allotment for the initial public offering (IPO) was finalised on September 25, following the subscription window that opened on September 22 and closed on September 24. The IPO was offered at a price band of Rs.718-754 apiece.

The grey market premium (GMP) for Atlanta Electricals IPO stood at 98. This implied potential listing gains of around 13 percent, with shares expected to list at Rs.852 as against the upper price band of Rs.754.

Atlanta Electricals' Rs.687.34 crore initial public offering (IPO) consists of a fresh issue of 0.53 crore shares worth Rs.400 crore, along with a...