Posted on February 18, 2025, by Niftynews
Incorporated in 2001, Quality Power Electrical Equipments Limited IPO specializes in energy transition equipment and power technologies, offering high-voltage electrical solutions for grid connectivity. The IPO subscription window opened on February 14, 2025, and will close on February 18, 2025. The allotment process is expected to be finalized on February 19, 2025, with a tentative listing on BSE and NSE scheduled for February 21, 2025.
Quality Power Electrical Equipments Limited IPO Day 3 Subscription Status
(February 18, 2025, 10:54:52 AM)
On Day 3, the Quality Power IPO saw a subscription rate of 0.88 times according to NSE data at 10:54 AM. Here’s a breakdown of the subscription status:
- Retail category: Subscribed 1.28 times
- Non-Institutional Investors (NII): Subscribed 1.16 times
- Bids above ₹10 lakh (bNII): Subscribed 1.53 times
- Bids below ₹10 lakh (sNII): Subscribed 0.4 times
- Qualified Institutional Buyers (QIB): Subscribed 0.62 times
Quality Power IPO Day 2 Subscription Status
(February 17, 2025, End of Day)
On Day 2, the Quality Power IPO recorded a subscription rate of 0.83 times as per NSE data. The breakdown was as follows:
- Retail category: Subscribed 1.08 times
- Non-Institutional Investors (NII): Subscribed 1.1 times
- Bids above ₹10 lakh (bNII): Subscribed 1.48 times
- Bids below ₹10 lakh (sNII): Subscribed 0.33 times
- Qualified Institutional Buyers (QIB): Subscribed 0.62 times
Quality Power IPO Day 1 Subscription Status
(February 14, 2025, End of Day)
On Day 1, the Quality Power IPO saw a subscription rate of 0.62 times, according to NSE data. Here’s how it panned out:
- Retail category: Subscribed 0.58 times
- Non-Institutional Investors (NII): Subscribed 0.83 times
- Bids above ₹10 lakh (bNII): Subscribed 0.14 times
- Bids below ₹10 lakh (sNII): Subscribed 1.15 times
- Qualified Institutional Buyers (QIB): Subscribed 0.54 times
Quality Power Electrical Equipments Limited IPO Details
Quality Power IPO aims to raise ₹858.70 crores, comprising:
- Fresh issue: 0.53 crore shares worth ₹225.00 crores
- Offer for Sale (OFS): 1.49 crore shares totaling ₹633.70 crores
The price band is fixed between ₹401 and ₹425 per share, with a minimum lot size of 26 shares. Retail investors can participate with a minimum investment of ₹10,426. However, bidding at the cutoff price of ₹11,050 is recommended for navigating potential oversubscription. Non-institutional investors (NII) can invest as follows:
- Small NIIs (sNII): Minimum of 19 lots (494 shares), totaling ₹2,09,950
- Big NIIs (bNII): Minimum of 91 lots (2,366 shares), totaling ₹10,05,550
Utilization of Proceeds
The net proceeds from the fresh issue will be allocated toward several key initiatives such as:
- Acquiring assets
- Purchasing equipment to support operational expansion
- Funding growth initiatives
- Investment in R&D and production capacity expansion
The funds raised from the OFS will go directly to the selling shareholders.
GMP Details
As of February 18, 2025, Business Standard reported that the Grey Market Premium (GMP) for Quality Power IPO was ₹0, indicating that shares were trading at ₹425 with no premium or discount in the grey market.
Note: The GMP (Grey Market Premium) is not an official price and is based on market speculation. Always conduct your own research before making investment decisions.
Quality Power Business Overview
Quality Power Electrical Equipments Limited, established in 2001, is a leading provider of high-voltage electrical solutions for energy transition and grid connectivity. The company specializes in HVDC and FACTS networks, playing a key role in integrating renewable energy into power grids.
Headquartered in Maharashtra with manufacturing facilities in Maharashtra and Kerala, and a 51% stake in Turkey-based Endoks since 2011, Quality Power offers a diverse product portfolio, including reactors, transformers, converters, and power quality systems like STATCOMs and harmonic filters.
As of March 31, 2024, it serves 210 customers across the power utilities, industries, and renewable energy sectors.
