Quality Power IPO Day 3 GMP Live: Check Final Day Subscription Status, GMP, Price Band and More

💥 Quality Power Electrical Equipments Limited IPO Day 3: Subscription Status, GMP, Key Highlights, and More

Oman, February 18, 2025 – The highly anticipated IPO of Quality Power Electrical Equipments Limited continues to garner significant attention. Incorporated in 2001, the company is renowned for its specialization in energy transition equipment and high-voltage electrical solutions aimed at improving grid connectivity. With the IPO subscription window opening on February 14, 2025, and closing today, February 18, 2025, investors are keen to understand the latest trends and subscription statuses.

📈 Quality Power IPO Day 3 Subscription Status (As of February 18, 2025, 10:54 AM)

On Day 3 of the Quality Power IPO, the subscription rate stands at 0.88 times according to data provided by the National Stock Exchange (NSE). Retail investors are showing significant interest, with the retail category subscribed 1.28 times. However, the subscription for the Qualified Institutional Buyers (QIB) segment is still lagging at 0.62 times, while the Non-Institutional Investors (NII) segment recorded a subscription of 1.16 times.

💡 Key Subscription Breakdown:

• Retail Category: Subscribed 1.28 times.
• Non-Institutional Investors (NII) Category: Subscribed 1.16 times, with bids above ₹10 lakh (bNII) subscribed 1.53 times and bids below ₹10 lakh (sNII) subscribed 0.4 times.
• Qualified Institutional Buyers (QIB) Category: Subscribed 0.62 times.

📊 Quality Power IPO Day 2 Subscription Status (February 17, 2025)

On Day 2 of the Quality Power IPO, the subscription rate stood at 0.83 times. The retail category saw a subscription of 1.08 times, while the NII segment had a subscription rate of 1.1 times. The bids for bNII were at 1.48 times, whereas the sNII stood at 0.33 times. The subscription rate for the QIB category was 0.62 times, reflecting a steady but cautious interest from institutional investors.

📅 Quality Power IPO Day 1 Subscription Status (February 14, 2025)

On Day 1 of the IPO, the subscription rate was 0.62 times, as per NSE data. The retail category was subscribed 0.58 times, indicating initial slower uptake. The NII segment recorded a subscription of 0.83 times, with the sNII category showing more interest at 1.15 times. The Qualified Institutional Buyers segment had a subscription rate of 0.54 times on the first day.

📝 IPO Details and Overview

The Quality Power IPO is a bid to raise ₹858.70 crores, consisting of a fresh issue of 0.53 crore shares valued at ₹225.00 crores and an Offer for Sale (OFS) of 1.49 crore shares, totaling ₹633.70 crores. The price band for the IPO is set between ₹401 and ₹425 per share, with a minimum lot size of 26 shares. This means retail investors can participate with a minimum investment of ₹10,426, though it is advised to bid at the cutoff price of ₹11,050 to navigate potential oversubscription.

For non-institutional investors (NII), small NIIs (sNII) must invest in a minimum of 19 lots (494 shares), amounting to ₹2,09,950, while big NIIs (bNII) must bid for at least 91 lots (2,366 shares), valued at ₹10,05,550.

📉 Utilization of Proceeds

The net proceeds from the fresh issue will be utilized for a range of key initiatives, including:

• Acquiring energy transition equipment and increasing operational capacity.
• Purchasing additional manufacturing equipment to support the company’s expansion.
• Strengthening its research and development (R&D) to drive technological advancements.
• Addressing long-term debt requirements, contributing to the company’s financial stability.
• Some proceeds from the Offer for Sale (OFS) will go directly to the selling shareholders.

🧐 Grey Market Premium (GMP) Details

As of February 18, 2025, 8:52 AM, the Grey Market Premium (GMP) for the Quality Power IPO stands at ₹0. This indicates that the shares are trading at ₹425 with no premium or discount in the grey market. It’s important to note that GMP is an unofficial, speculative price determined by market participants, and it should not be relied upon for final investment decisions.

Disclaimer: The GMP figures provided are not based on official sources and should be taken as an estimate. We advise investors to conduct their own research and consult financial experts before making investment decisions.

⚡ Quality Power Business Overview

Established in 2001, Quality Power Electrical Equipments Limited has emerged as a leader in providing high-voltage electrical solutions for energy transition and grid connectivity. The company specializes in HVDC and FACTS networks, playing a pivotal role in integrating renewable energy into national and international power grids. With a strong presence in the market, the company’s manufacturing facilities are located in Maharashtra and Kerala, India. Additionally, it holds a 51% stake in Turkey-based Endoks since 2011, broadening its market reach.

Quality Power offers an extensive product portfolio that includes transformers, reactors, converters, and advanced power quality systems such as STATCOMs and harmonic filters. As of March 31, 2024, the company serves 210 customers across various sectors including power utilities, industries, and the burgeoning renewable energy sector.

🌍 Growth and Innovation

The company continues to innovate and expand its footprint in the growing renewable energy sector, positioning itself as a key player in energy transition projects globally. As the world moves towards cleaner and more sustainable power solutions, Quality Power is well-positioned to meet the increasing demand for efficient and reliable electrical systems.

📅 Key IPO Dates

• IPO Opening Date: February 14, 2025
• IPO Closing Date: February 18, 2025
• IPO Allotment Date: February 19, 2025
• IPO Listing Date: February 21, 2025 (tentative) on BSE and NSE

⚠️ Disclaimer

This article is for informational purposes only and does not constitute financial advice. The securities/investments discussed herein should be evaluated based on the investor’s individual risk appetite and financial goals. Always perform your own due diligence or consult with a financial advisor before making any investment decisions. The GMP information provided here is not verified and should be used with caution.