Quality Power Electrical Equipments IPO allotment, listing, Quality Power share price live news & updates February 21, 2025: Check here for all the updates on listing, subscription status, IPO allotment status, GMP, price band and other details for Quality Power Electrical Equipments IPO.
When Quality Power Electrical Equipments IPO opened?
Quality Power Electrical Equipment’ IPO opened on February 14 and concluded on February 18.
What was the IPO price?
The ₹859-crore IPO opened with a price band of ₹401-425 per share for the IPO
Subscription and Allotment:
Quality Power IPO received a subscription of 1.29 times on the last day. The category for retail individual investors (RIIs) garnered 1.83 times subscription while the quota for non-institutional investors got subscribed 1.45 times. The portion for qualified institutional buyers (QIBs) fetched 1.03 times subscription.
Use of funds:
Proceeds from the fresh issue will be utilised for the acquisition of Mehru Electrical and Mechanical Engineers, funding capital expenditure requirements for purchasing plant and machinery.
Besides, the company will use the funds for inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes.
About the company:
Quality Power Electrical Equipments is a leading provider of high-voltage electrical equipment and solutions for electrical grid connectivity and energy transition.
ALL UPDATES
- February 21, 2025 12:44
Quality Power IPO, share price live: Anchor portion
The company raised ₹386.41 crore from anchor investors, allotting 90.92 lakh shares at ₹425 a share to marquee investors such as LIC Mutual Fund, Bank of India Mutual Fund, Maybank Securities, India Inflection Opportunity Fund, Kotak Iconic Fund, Mint Focussed Growth Fund, Bharat Value Fund, SBI General Insurance Company, Steptrade Revolution Fund, Benani Capital Scheme, Universal Sompo General Insurance Company, and IMAP India Capital Investment Trust
- February 21, 2025 11:30
Quality Power listing live: The listing was moved to Monday, February 24, 2025, since there was a bank holiday on February 19 on the account of Shiv Jayanti..
- February 21, 2025 10:44
Quality Power listing live: Shares to debut on Monday, Feb 24.
Follow our live blog for more updates on the IPO
- February 21, 2025 09:03
Quality Power listing update: Gets LIC backing
LIC MF through its eight schemes and Bank of India Mutual Fund, via three schemes, picked 18.82 lakh shares worth ₹80 crore in Quality Power.
- February 21, 2025 09:01
Quality Power IPO listing date in focus; LIC MF among key investors
Shares of Quality Power Electrical Equipment will be listed on the bourses today. The company has fixed the IPO price ₹425, at the upper end of the price band of ₹401-425.
The company had raised ₹225 crore from the IPO, which also had an offer for sale by selling shareholder worth ₹633.70 crore, taking the total issue size ₹858.70-crore
The initial share sale received bids for 1.43 crore shares against 1.11 crore shares on offer. The category for retail investors (RIIs) garnered 1.83 times subscription while the quota for non-institutional investors was subscribed 1.45 times and QIBs 1.03 times subscription.
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- February 21, 2025 09:00
Quality Power IPO subscribed 1.29 times on final day of offer
The initial public offering (IPO) of Quality Power Electrical Equipments Ltd got subscribed 1.29 times on the last day of bidding on Tuesday.
The initial share sale received bids for 1,43,31,304 shares against 1,11,12,530 shares on offer, according to data available with the NSE.
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Published on February 21, 2025
