Premium
This is an archive article published on September 26, 2006

Atlanta surges 28 on listing

Construction and infrastructure firm Atlanta today surged 28 per cent over its issue price in its debut trade on the stock exchanges...

google-preferred-btn
.

Construction and infrastructure firm Atlanta today surged 28 per cent over its issue price in its debut trade on the stock exchanges, while two other new listings, Kew Industries and Deep Industries failed to sustain early gains and closed below their offer prices.

All three stocks had debuted on a strong note earlier today, attracting a premium of 18-40 per cent over their issue prices. All three companies had hit the capital market earlier this month with their initial public offers, which were oversubscribed.

Atlanta closed at Rs 192.30, after hitting an intraday high of Rs 209.50. It had priced its IPO at the upper end of price band of Rs 150, after the issue was oversubscribed by 10 times. It had entered the market with an IPO of 1.63 crore shares of Rs 10 each.

Auto component manufacturer Kew Industries ended below its issue price at Rs 23.60 on its debut, down 22.33 per cent from the offer price of Rs 30, after touching an intra day high of Rs 36.

Another firm which closed below its issue price today was Deep Industries falling nearly 22 per cent to Rs 27.90 from its issue price of Rs 36.

 

Latest Comment
Post Comment
Read Comments
Advertisement
Live Blog
PHOTOS
In pics: From concept supercars to electronic SUV's: Bharat Mobility Global Expo 2025 was all about innovation
In Pics: From Concept Supercars to Electric SUVs – Innovation at Bharat Mobility Global Expo 2025
Top Stories
odisha rock collapse
Several feared dead after rock collapses at stone quarry in Odisha's Dhenkanal
What contaminated Indore’s water? Toilet still top possibility but engineers spread out to look for other culprits
What contaminated Indore’s water? Toilet still top possibility but engineers look for other culprits
Anurag Kashyap heaps praises on Ranveer Singh's Dhurandhar.
Anurag Kashyap heaps praise on Dhurandhar while disagreeing with its politics: 'Aditya Dhar is a Kashmiri Pandit who has suffered'
Dhurandhar Box Office Collection Worldwide Day 30 Live Updates
Dhurandhar Box Office Collection Worldwide Day 30 Update: Ranveer Singh film mints Rs 1182.25 cr worldwide; sees 34% jump on 5th Saturday
Deepinder Goyal that his introverted nature had proved to be lucky for him
'Nobody listened to me': Zomato CEO Deepinder Goyal recalls childhood bullying over skin tone and the ‘biggest hurt’ before his success
In India, the supermoon was visible shortly after sunset, giving skywatchers a striking early-evening view.
Wolf Moon: the first supermoon of 2026 lights up night sky in Bhubaneswar and Guwahati; watch
Fulton
Craig Fulton interview: 'With packed Pro League schedule, and World Cup-Asian Games block in mind, looking to select two separate groups'
The BCCI will communicate to BCB about Indian government decisions in due course. (BCCI Photo)
Like with Pakistan, India-Bangladesh cricket ties could snap after BCCI asks IPL franchise Shahrukh Khan’s KKR to eject Mustafizur Rahman from team
Year-end musings
My wish for 2026 is that we somehow manage to get an Oppn party
Panama Noriega
History repeats itself: How US captured Panama's leader Noriega nearly 36 years ago, much like it arrested Maduro
love
Why being single, and not lonely, changed how I recognised love
According to theoretical models of planetary system formation, violent gravitational interactions early in a system’s history can eject planets into interstellar space. (Image: University of Warsaw)
A planet with no sun: Astronomers spot rare rogue planet
Advertisement
Must Read
Craig Fulton interview: 'With packed Pro League schedule, and World Cup-Asian Games block in mind, looking to select two separate groups'
Fulton
Like with Pakistan, India-Bangladesh cricket ties could snap after BCCI asks IPL franchise Shahrukh Khan’s KKR to eject Mustafizur Rahman from team
The BCCI will communicate to BCB about Indian government decisions in due course. (BCCI Photo)
Breaking down India ODI squad against New Zealand: No major surprises as Shubman Gill, Shreyas Iyer return; selectors keep faith in Rishabh Pant
India squad for New Zealand Shreyas Iyer Shubman Gill
A planet with no sun: Astronomers spot rare rogue planet
According to theoretical models of planetary system formation, violent gravitational interactions early in a system’s history can eject planets into interstellar space. (Image: University of Warsaw)
Smartphones and PCs may soon cost up to 20% more as AI fuels memory shortage
The AI-driven memory chip crunch could lead to more smartphones launching with lower RAM configurations.
Inside Samsung’s CES 2026 showcase: Bigger screens, smarter homes
Samsung is also working more closely with Google to integrate Gemini-powered features into several of its home products, such as refrigerators and wine cellars equipped with smart displays. (Image:Samsung)
Why being single, and not lonely, changed how I recognised love
love
Advertisement
Buzzing Now
'Nobody listened to me': Zomato CEO Deepinder Goyal recalls childhood bullying over skin tone and the ‘biggest hurt’ before his success
Deepinder Goyal that his introverted nature had proved to be lucky for him
Wolf Moon: the first supermoon of 2026 lights up night sky in Bhubaneswar and Guwahati; watch
In India, the supermoon was visible shortly after sunset, giving skywatchers a striking early-evening view.
‘Not a single piece of trash’: Video of spotless Kerala railway station platform goes viral; netizens applaud
kerala Railway station cleanliness
Delhi college students invite food delivery rider to join their New Year's house party: 'Pure Delhi energy'
Food delivery rider new year party in Delhi
Anand Mahindra says ‘I want my MTV’ as iconic music channels go off air after 44 years: ‘End of an era’
Anand Mahindra MTV
Jan 04: Latest News
Advertisement