Atlanta Electricals, Jaro Institute, Seshaasai Tech IPO GMPs rise up to 25% ahead of issue launch next week

Atlanta Electricals, Jaro Institute, Seshaasai Tech IPO GMPs rise to 25%.

Atlanta Electricals, Jaro Education, Seshaasai Technologies and Solarworld Energy Solutions are set to launch their initial public offerings (IPOs) next week, with the issues witnessing a premium of up to 25 percent in the grey market, reflecting strong investor interest.

Atlanta Electricals

Transformer manufacturer Atlanta Electricals will open its Rs 687-crore IPO on September 22. The price band has been fixed at Rs 718–754 per share, valuing the company at about Rs 5,800 crore at the upper end.

Jaro Institute

The Rs 450-crore IPO of Jaro Institute of Technology Management and Research will be open for subscription from September 23 to 25. The price band has been set at Rs 846–890 per share with a lot size of 16 shares.

The company has raised Rs 115.1 crore from 14 investors, including Abakkus, Singularity AMC and Subhkam Ventures. Founded in 2009, Jaro Education operates as a higher education and upskilling platform through over 23 centres across India, offering more than 120 programmes. It does not have a listed peer in the country.

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Seshaasai Technologies

The IPO of Mumbai-based Seshaasai Technologies will open on September 23 and close on September 25. The issue size is Rs 812.86 crore, with a price band of Rs 402–423 per share and a lot size of 35 shares.

Backed by Florintree Nextech, an investment platform of former Blackstone India executive Mathew Cyriac, the company provides payment, communication and fulfilment solutions along with IoT offerings, mainly catering to the BFSI sector. It is also among the largest producers of cheque leaves in the country and has no listed peer.

Solarworld Energy Solutions

Solarworld Energy Solutions will launch its Rs 490-crore IPO on September 23, closing on September 25. The price range has been fixed at Rs 333–351 per share.

Based in Uttar Pradesh, the company provides engineering, procurement and construction (EPC) services for solar power projects.

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