Quality Power IPO GMP Declines Ahead Of Its Launch Tomorrow
The latest grey market premium of Quality Power Electrical Equipments IPO stood at Rs 14 on February 13.
Quality Power IPO Grey Market Premium Today: The initial public offering of Quality Power Electrical Equipments will open on Friday, February 14. The company is looking to raise Rs 858.7 crore from the primary markets.
Ahead of the launch, the mainboard IPO garnered significant attention in the unlisted market, with its grey market premium surging more than 8% over the issue price on February 11. But a day before the IPO opens for bidding, the grey market premium has seen a decline for a second straight day.
According to InvestorGain, Quality Power IPO GMP stood at Rs 14 as of 5:35 p.m. on February 13. If current GMP trends are sustained till the listing date, shares of Quality Power Electrical Equipments Ltd. are projected to make their market debut at Rs 439 on the BSE and the National Stock Exchange. However, the trends can change when the IPO opens for subscription.
The grey market premium of Quality Power IPO was as high as Rs 35 after the IPO price band was announced before declining to Rs 14 on February 13.
Note: GMP or grey market price is not an official price quote for the stock and is based on speculation.
Quality Power IPO Details
Energy transmission equipment and power technologies company has set the price band for the IPO in the range of Rs 401 to Rs 425 per share. The market value at the upper end of the price band is Rs 3,300 crore, as per NDTV Profit's calculations. Bids can be made for a minimum of 26 shares, and then in multiples thereof.
IPO Details
Issue opens: Feb. 14.
Issue closes: Feb. 18.
Issue price: Rs 401–425.
Offer for sale: Rs 634 crore.
Fresh issue: Rs 225 crore.
Total issue size: Rs 859 crore.
Lot size: Minimum 26 shares, and then in multiples thereof.
The shares of Quality Power Electrical Equipments are proposed to be listed on both the BSE and National Stock Exchange on Friday, February 21.
The company has appointed Pantomath Capital Advisors Pvt. as the sole book-running lead manager for the offer whereas Link Intime India Pvt. is its registrar.
Use of IPO Proceeds
The company will use the proceeds from the offer for the acquisition of Mehru Electrical and Mechanical Engineers Pvt., funding capital expenditure requirements for purchasing plant and machinery. The company will use the funds for inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes.
For more information, refer to the red herring prospectus (RHP) document of Quality Power Electrical Equipments here: https://www.sebi.gov.in/filings/public-issues/feb-2025/quality-power-electrical-equipments-limited-rhp_91767.html
Quality Power is engaged in critical energy transition equipment up to 765kv and power technologies and provides high-voltage electrical equipment and solutions for electrical grid connectivity and energy transition.
