Quality Power Listing: Shares set to make D-Street debut on Monday

Quality Power Shares Listing: Quality Power's share listing has been shifted from Friday to Monday, with the stock set to hit Dalal Street on February 24.  

During its initial public offering, Quality Power saw solid demand, especially from retail and non-institutional investors, as bidding closed on February 18. The company had priced its shares between Rs 401 and Rs 425 apiece, with a lot size of 26 shares. It raised Rs 858.70 crore through the IPO, including Rs 225 crore from fresh shares and the rest through an offer-for-sale of over 1.49 crore shares.

Quality Power Subscription: How did IPO perform? 

The IPO sailed through its final day of bidding getting subscribed 1.29 times overall on Tuesday, February 18. Investors bid for more than 1.43 crore shares against the 1.11 crore shares available, according to NSE data.  

Retail investors showed strong interest, with their quota subscribed 1.82 times, while non-institutional investors subscribed 1.45 times. The portion reserved for qualified institutional buyers (QIBs) was subscribed 1.03 times. Before the IPO opened, the company had already raised Rs 386 crore from anchor investors.  

What does Quality Power Electrical Equipments Ltd do?

Founded in 2001, Quality Power Electrical Equipments operates in the energy and power technology space. The company makes high-voltage electrical equipment and offers solutions for power generation, transmission, distribution, and automation.  

It specialises in advanced systems like High Voltage Direct Current (HVDC) and Flexible AC Transmission Systems (FACTS), which help integrate renewable energy into power grids. With over 20 years of experience, the company supplies reactors, transformers, converters, and grid interconnection solutions across India and abroad.