Quality Power IPO is a book-built issue amounting to ₹858.70 crores, consisting of a fresh issue of 0.53 crore shares aggregating to ₹225.00 crores and an offer for sale of 1.49 crore shares amounting to ₹633.70 crores.
The bidding for Quality Power IPO opened on February 14, 2025, and will close on February 18, 2025. The allotment process is expected to be finalized on Wednesday, February 19, 2025. The IPO is set to list on BSE and NSE, with a tentative listing date scheduled for Friday, February 21, 2025.
Quality Power operates in the energy transition and power technologies sector. They specialize in providing high-voltage electrical equipment and solutions for electrical grid connectivity and energy transition. Their offerings include power products and solutions across power generation, transmission, distribution, and automation sectors
The price band for Quality Power IPO is set between ₹401 and ₹425 per share. The minimum lot size for an application is 26 shares. Retail investors need to invest at least ₹10,426, but to avoid the risk of oversubscription, it is advisable to bid at the cutoff price, which amounts to approximately ₹11,050. For small non-institutional investors (sNII), the minimum investment is 19 lots (494 shares), totaling ₹2,09,950, while for big non-institutional investors (bNII), the minimum requirement is 91 lots (2,366 shares), amounting to ₹10,05,550.
Pantomath Capital Advisors Pvt Ltd is the book-running lead manager for the Quality Power IPO, with Link Intime India Private Ltd serving as the registrar.
Quality Power IPO Details:
| Company Name | Quality Power Limited |
| Sector | Energy and Power |
| IPO Type | Mainboard |
| IPO Open date | 14th Feb 2025 |
| IPO Close date | 18th Feb 2025 |
| Listing Exchanges | NSE, BSE |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Quality Power IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 26 | 11,050 |
| sHNI (Min) | 19 | 494 | 2,09,950 |
| bHNI (Min) | 91 | 2366 | 10,05,550 |
Quality Power IPO Timeline:
| IPO Open Date | 14th Feb 2025 |
| IPO Close Date | 18th Feb 2025 |
| Basis of Allotment | 19th Feb 2025 |
| Refund Initiation Date | 20th Feb 2025 |
| Shares Credit to Demat | 20th Feb 2025 |
| Listing Date | 21st Feb 2025 |
Things to Consider before applying for an IPO
Financial Performance: Review Quality Power’s Financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Energy and Power Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in Quality Power and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
