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economictimes.indiatimes.com / 1 year ago
economictimes.indiatimes.com / 1 year ago
economictimes.indiatimes.com / 1 year ago
economictimes.indiatimes.com / 1 year ago
ATC Energies System IPO subscribed 33% so far on Day 1: Check GMP, price band and other details
The retail portion of the issue was subscribed by 59%, while the issue was subscribed 18% in the non-institutional investors category on the first day of bidding. Meanwhile, the qualified institutional buyers had not made any bids yet.
The issue comprises a fresh issuance of 43.24 lakh shares worth Rs 51.02 crore and an offer for sale (OFS) of 10.80 lakh shares aggregating to Rs 12.74 crore.
ATC Energies System IPO’s GMP on Day 1
Ahead of listing, the company's shares were trading with a GMP of Rs 0 in the unlisted market on Tuesday, indicating a nil premium over the upper end of the IPO price band of Rs 118.
Price band for the IPO
The price band for ATC Energies' IPO has been set at Rs 112 to Rs 118 per share.
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About ATC Energies System IPO
The IPO comprises up to 54,03,600 equity shares of face value Rs 10 each, which includes a fresh issue of 43,23,600 equity shares and an offer for sale of 10,80,000 equity shares.
The lot size is 1,200 equity shares and in multiples thereof with minimum order quantity of 1 lot.
The maximum subscription amount for retail investors is Rs 2 lakh.
The maximum bid quantity for QIB Investors is 42,09,600 equity shares in multiple of 1,200 equity shares and 35,92,800 equity shares for NIB investors' category.
About company
Formerly known as ATC Energies System Private Limited, the company is engaged in the energy sector. Incorporated on September 2, 2020, the company has quickly expanded its operations, leveraging technological advancements to provide efficient
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