Quality Power Electrical shares opened with a 1.66% premium over the IPO price on Monday, debuting at ₹432.05 on the BSE, compared to the issue price of ₹425, reflecting a modest gain for investors upon listing.
Quality Power IPO was subscribed 1.29 times on the final bidding day. Retail investors led with 1.83 times, followed by non-institutional investors at 1.45 times, while qualified institutional buyers (QIBs) saw a subscription of 1.03 times, reflecting moderate demand.
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Quality Power Electrical Equipments Limited, established in 2001, specializes in high-voltage electrical equipment for grid connectivity and energy transition. It manufactures HVDC and FACTS network components, including reactors, transformers, and converters. With facilities in Maharashtra and Kerala, it acquired 51 percent of Turkey-based Endoks in 2011.
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Quality Power Electrical Limited IPO aims to fund the ₹1,170 million acquisition of Mehru Electrical, ₹270 million for plant and machinery, and the remaining for inorganic growth, strategic initiatives, and general corporate purposes, supporting business expansion and development.
mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.