Quality Power Electrical Equipments IPO allotment, listing, Quality Power share price 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.
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