Quality Power Share Price Live Updates: GMP, analysts hint tepid debut of shares on the bourses today. Check details
₹386 crore from anchor investors. Quality Power IPO, valued at ₹859 crore, has a price range between ₹401 and ₹425 per share.Quality Power IPO includes a new issue of equity shares amounting to ₹225 crore, along with an offer-for-sale (OFS) of 1.5 crore shares priced at ₹634 crore at the highest end of the price range.
Consequently, the total size of the issue reaches ₹859 crore. Pantomath Capital Advisors serves as the exclusive book-running lead manager for the offering.Stay tuned for more updatesQuality Power IPO consists of both a fresh issue and an offer for sale (OFS), with the fresh issue valued at ₹225 crore.
The OFS portion will include 1.2 crore equity shares offered by promoter Chitra Pandyan.Quality Power Electrical Equipments Ltd has attracted limited investor interest, with its IPO being subscribed 1.29 times. It is set to debut on the stock markets on February 21, 2025, and is expected to have a premium of 1% above the upper band price.According to Prashanth Tapse, Sr VP Research – Research Analyst at Mehta Equities Ltd, Quality Power IPO managed to receive a decent response from investors, mainly driven by retail investors who bid for 1.82x on the last day of subscription.“We believe the decent subscription demand was due to muted market sentiments post witnessing selling pressure in the broader market.
Read more on livemint.com
