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- By Aditya Pratap Singh
- Tue, 18 Feb 2025 11:58 AM (IST)
- Source:JND
Quality Power Electrical Equipments GMP: Quality Power Electrical Equipments Limited shares are trading on the unlisted market without a grey market premium (GMP), which explains the cautious investor sentiment. The sluggish demand for these IPOs is clearly due to the absence of GMP, which creates uncertainty about the stock post-listing. According to InvestorGain, the usual presence of GMP for Quality Power IPOs was also absent on the last day of bidding, reflecting weak demand.
Quality Power IPO: Last day to apply
The bidding for Quality Power Electrical’s IPO began on February 14, 2025, and ends today, February 18, 2025, at 5:00 PM. There is very little time left for investors to place their bids before subscriptions run out.
Quality Power IPO Price Range and Offer Details
The company aims to raise a total of Rs 858.70 crore through the offer, including Rs 225 crore through the issue of new shares and Rs 633.70 crore through the Offer for Sale (OFS), at a price range of Rs 401 to Rs 425 per share. The IPO is likely to be listed on both BSE and NSE.
Subscription Status
As of February 18 at 11:27 am, Quality Power received a total subscription of 0.90 bars, based on data from NSE. The retail investor segment was subscribed 1.33 times, while the non-institutional investor (NII) application was subscribed 1.18 times. Quality institutional buyers (QIBs) once again lagged, subscribing only 0.62 times.