Quality Power IPO to Enjoy Robust Debut Despite Market Weakness

Quality Power Electrical Equipments will be listed on the stock exchanges on Monday, February 24, 2025, following its initial public offering (IPO). The Rs 858.70 crore IPO was met with a lukewarm response, getting oversubscribed 1.29 times. The grey market premium, however, suggests a positive listing in spite of the negative mood in the stock market. The unlisted shares were quoting at around Rs 423 per share, a marginal premium to the issue price of Rs 425. The IPO comprised a fresh issue of 5.2 million equity shares and an offer for sale of 14.90 million equity shares. The price band was Rs 401-425 per share with a lot size of 26 shares. The public subscription period was from February 14 to February 18, 2025.
Source: Business Standard