Quality Power Electrical Equipments Limited IPO
Quality Power Electrical Equipments Limited IPO

Offer Price

₹ 401-425

Lot Size

26


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The Quality Power Electrical Equipments IPO subscription is closed for application

IPO Application Period
Feb 14,2025
Feb 18,2025
Quality Power Electrical Equipments IPO Details


Quality Power Electrical Equipments IPO is a book-built issue of ₹858.7 crores, The total issue size is ₹858.7 crores. The IPO of Quality Power Electrical Equipments is priced at ₹401-425 per equity share, which has a face value of ₹10 Per Equity Share each, IPO bidding starts from Feb 14 and ends on Feb 18. The allotment for Quality Power Electrical Equipments IPO will be finalized on Feb 19. Quality Power Electrical Equipments IPO will be listed on BSE, NSE, with a tentative listing date fixed as Feb 24. The company shall list its equity shares on the BSE, NSE. Link Intime India Private Ltd is the registrar of the issue.

Retail investors can bid for a minimum of 26 shares, extendable to 11,050. S-HNIs will be able to bid for 494 shares at ₹2,09,950, while B-HNIs can also apply for a bid of 2,366 shares at ₹10,05,550. The book-running lead manager for the IPO is/are Pantomath Capital Advisors Pvt Ltd .

The total issue ₹858.7 crore, comprising a fresh issue of 52,94,118 shares ₹225 crore and an Offer for Sale (OFS) of 1,49,10,500 shares to mop up ₹633.7 crore.

The Quality Power Electrical Equipments IPO sets its price band at 401-425 for each share. A single application for Quality Power Electrical Equipments Limited IPO must contain at least 26 shares. Sentiment investors need to invest a minimum of 26 through their retail account. For investors to prevent oversubscription issues, they should submit bids at the cutoff price, which estimates about ₹11,050 In order to participate in the sNII, investors must purchase at least 19 lots of 494 shares for ₹2,09,950, while the bNII requires 91 lots of 2,366 shares for an investment of ₹10,05,550.

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