Quality Power Electrical Equipments IPO: Price band set at ₹401-425 per share; check issue details, key dates, more
- Quality Power IPO price band: Quality Power Electrical Equipments IPO price band is set at ₹401 to ₹425 per share. Subscription opens on February 14 and closes on February 18. Anchor investor allocation is on February 13, with a lot size of 26 shares.
Quality Power IPO price band: Quality Power Electrical Equipments IPO price band has been fixed in the range of ₹401 to ₹425 per equity share of the face value of ₹10. The subscription period for the Quality Power IPO is scheduled from Friday, February 14, to Tuesday, February 18. The allocation to anchor investors for the Quality Power Electrical Equipments IPO is scheduled to take place on Thursday, February 13.
The lot size for Quality Power IPO lot size is 26 equity shares and in multiples of 26 equity shares thereafter.
In the IPO, Quality Power has reserved 75% of the shares in the public issue for qualified institutional buyers (QIB), 15% for non-institutional Institutional Investors (NII), and 10% of the offer is reserved for retail investors.
Tentatively, Quality Power IPO's basis of allotment of shares will be finalised on Wednesday, February 19, and the company will initiate refunds on Thursday, February 20, while the shares will be credited to the demat account of allottees on the same day following refund. Quality Power share price is likely to be listed on BSE and NSE on Friday, February 21.
Quality Power Electrical Equipments operates in the domain of energy transition technology and electrical solutions. The firm offers high-voltage electrical devices and services aimed at enhancing grid connectivity and facilitating energy transition, with a focus on power solutions across the generation, transmission, distribution, and automation fields.
The company produces essential high-voltage apparatus for High Voltage Direct Current (HVDC) and Flexible AC Transmission Systems (FACTS) networks, supporting the integration of renewable energy sources into power grids.
The company's listed peers are Transformers & Rectifiers (India) Ltd (with a P/E of 251.51), Hitachi Energy India Ltd (with a P/E of 308.63), and GE Vernova T&D India Ltd (with a P/E of 241.90).
Quality Power IPO details
Quality Power's IPO consists of both a fresh issue and an offer for sale (OFS), with the fresh issue valued at ₹225 crore. The OFS portion will include 1.2 crore equity shares offered by promoter Chitra Pandyan.
The net proceeds from the fresh issue are intended to be used for several purposes, including the payment for acquiring Mehru Electrical and Mechanical Engineers Private Limited; funding the company's capital expenditure for the purchase of plant and machinery; supporting inorganic growth through unspecified acquisitions and other strategic initiatives; as well as covering general corporate needs.
Pantomath Capital Advisors Pvt Ltd serves as the book-running lead manager for the Quality Power IPO, and Link Intime India Private Ltd acts as the registrar for this issue.
Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision.
Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
- Top Gainers
- Top Losers
- 52 Week High