Kolkata: The IPOs of Atlanta Electricals and Ganesh Consumer Products have both mobilised significant amounts from anchor investors. Packaged food items firm Ganesh Consumer Products raised more than Rs 122 crore from anchor investors last week. The list of participants includes Subhkam Ventures, Bengal Finance and Investment, Saint Capital Fund, BNP Paribas Financial Markets, Citigroup Global Markets Mauritius and Rajasthan Global Securities.
Atlanta Electricals, which is a manufacturer of power, auto and inverter duty transformers, also managed to raise Rs 205 crore from anchor investors, which featured prominent names such as Kotak Mutual Fund (MF), Axis MF, HDFC MF, ICICI Prudential MF and Pinebridge Global Funds. Let's have a closer look at both new issues.
Atlanta Electricals IPO GMP
Atlanta Electricals
IPO GMP on Monday morning stood at Rs 142, as recorded by investorgain. Since the upper end of the price band of is Rs 754.00, the estimated listing gain indicated by this GMP is 18.83%. However, the point to remember is that GMP is a volatile indicator that can change with time and does not guarantee listing (or loss).
Atlanta Electricals IPO price band, lot size, allotment
Atlanta Electricals IPO is designed to raise Rs 687.34 crore through a fresh issue of 0.53 crore shares and an OFS part of 0.38 crore shares. The bidding window will remain open till September 24. The allotment of Atlanta Electricals IPO will be done of September 25 and listing will take place on BSE and NSE on September 29.
The Atlanta Electricals IPO price band has been set at Rs 718-754. The minimum investible lot has 19 shares will call for an application amount of Rs 14,326 based on the upper end of the price band. The minimum lot size for sNII category s 266 shares and that for bNII investors is 1,330 shares. Motilal Oswal Investment Advisors and MUFG Intime India are the lead manager and registrar of the issue.
Ganesh Consumer Products IPO GMP
Investorgain data show that the Ganesh Consumer Products IPO GMP was Rs 10 on the morning of September 22. It indicates a listing gain of 3.11%. However, GMP is an unofficial gauge that changes with time.
Ganesh Consumer Products IPO price band, lot size, allotment
Ganesh Consumer Products IPO is designed to mop up Rs 408.80 crore through fresh issue of 0.40 crore shares aggregating to Rs 130.00 crore and an OFS segment of 0.87 crore shares aggregating to Rs 278.80 crore.
The last date for bidding of Ganesh Consumer Products IPO is September 24. The date of allotment is September 25 and the listing will take place in BSE and NSE on September 29.
The price band for Ganesh Consumer Products IPO is Rs 306-322. The smallest lot size for a retail investor is 46 shares which will need an application amount of Rs 14,812. The smallest lot size is 644 shares for sNII investors and 3,128 shares for bNII investors. Dam Capital Advisors Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
