Quality Power Electrical IPO price band fixed at Rs 401-425. Check details

Quality Power Electrical Equipment, whose Rs 858 crore initial public offering (IPO) is set to hit the street on December 20 and will be available for bidding until February 14, has announced a price band of Rs 401-425 per share.

The IPO consists of a fresh issue of shares aggregating up to Rs 225 crore and an offer for sale (OFS) of 1.50 crore shares, which is equivalent to Rs 633.7 crore at the upper end of the IPO’s price band.

Considering this, the total value of the IPO stands at Rs 858.70 crore.


For the said IPO, bids can be made for a minimum of 26 equity shares, and in multiples of 26 thereafter.

The issue will open for subscription to anchor investors on February 13, a day before it opens to the public.

In its IPO, Quality Power has allocated 75% of the shares to qualified institutional buyers (QIBs), 15% to non-institutional investors (NIIs), and the remaining 10% to retail investors.

GMP for Quality Power Electrical Equipment

The shares of Quality Power Electrical Equipment were trading at a grey market premium (GMP) of Rs 75-76 in the unlisted market, reflecting a premium of 18%.

About Quality Power Electrical Equipment

Quality Power Electrical Equipment is an Indian company serving global clients with critical energy transition equipment and power technologies. It specializes in high-voltage electrical equipment and solutions for grid connectivity and energy transition. As a technology-driven firm, it provides products across power generation, transmission, distribution, and automation sectors, with solutions tailored for large-scale renewables and emerging applications.

Quality Power Electrical Equipment IPO allotment and listing date

Quality Power Electrical Equipment is expected to finalize the share allotment process for its IPO on February 19, with the listing date tentatively scheduled for February 21.

Pantomath Capital Advisors is the sole book-running lead manager for the Quality Power Electrical Equipment IPO, while MUFG Intime India is the registrar to the issue.

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