Quality Power IPO : Price Band, Lot Size, GMP, and Key Details
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Quality Power IPO has its price band set at ₹401 to ₹425 per share. The subscription window opens on February 14, 2025, and closes on February 18, 2025.
This IPO issue size is ₹858.70 Cr, with an offer-for-sale of ₹633.70 crore and fresh issue of ₹225.00 crore. The retail quota is 10%, QIB (Qualified Institutional Buyers) gets 75%, and HNI (High Net-worth Individuals) takes 15%. The shares are going to list on BSE and NSE on February 21, 2025, with allotment happening on February 19, 2025.
Quality Power IPO Details
| Detail | Information |
|---|---|
| IPO Open Date | February 14, 2025 |
| IPO Close Date | February 18, 2025 |
| Price Band | ₹402 to ₹425 per share |
| Issue Size | Approx ₹858.70 Crores |
| Fresh issue | ₹225.00 Cr |
| Offer for Sale | ₹633.70 Cr |
| GMP (as of Feb 14th) | ₹ 14 (3.29%) |
| Listing on | BSE & NSE |
Check out: How to Check Ajax Engineering IPO Allotment Status?
Quality Power IPO Market Lot
The minimum market lot for the Quality Power IPO is 26 shares, with an application amount of ₹11,050. Retail investors can apply for up to 18 lots, which means 468 shares, amounting to ₹1,98,900.
| Application | Lot Size | Shares | Amount (₹) |
|---|---|---|---|
| Retail Minimum | 1 | 26 | ₹ 11,050 |
| Retail Maximum | 18 | 468 | ₹ 1,98,900 |
| S-HNI Minimum | 19 | 494 | ₹ 2,09,950 |
| B-HNI Minimum | 91 | 2,366 | ₹ 10,05,550 |
About Quality Power
Quality Power Electrical Equipments Limited, incorporated in 2001, specializes in energy transition equipment and power technologies. The company provides high-voltage electrical equipment and solutions for grid connectivity, focusing on power generation, transmission, distribution, and automation. It manufactures critical components for High Voltage Direct Current (HVDC) and Flexible AC Transmission Systems (FACTS) networks, which help integrate renewable energy into power grids.
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Quality Power IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
E-mail: qualitypower.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html/
Company Address
Quality Power Electrical Equipments Limited
Plot No. L-61, M.I.D.C, Kupwad Block, Sangli – 416 436
Phone: + 91 233 264 543
E-mail: investorgrievance@qualitypower.co.in
Website: http://www.qualitypower.com/
FAQs
1. What is the Quality Power IPO?
It is a Mainboard IPO set to raise ₹858.70 Crores, with a price range of ₹402 to ₹425 per share, and will be listed on both BSE & NSE.
2. When will the Quality Power IPO open for subscription?
The IPO opens for subscription on February 14, 2025, for QIB, NII, and Retail Investors, and will close on February 18, 2025.
3. When is the allotment date for the Quality Power IPO?
The allotment is scheduled for February 19, 2025.
4. When will the Quality Power IPO be listed?
The IPO is set to be listed on February 21, 2025.
5. What is the lot size for the Quality Power IPO?
Investors need to bid for a minimum of 26 shares, amounting to ₹11,050.
For further queries, contact the IPO registrar, Kfintech.