Quality Power IPO Day 3: Final Subscription Status, GMP, Price Band & Key Insights

Quality Power Electrical Equipments Limited’s IPO closes today, with an overall subscription of 0.90x as retail and NII segments show strong demand. The company plans to use the proceeds for acquisitions, capital expenditure, and strategic growth. The Grey Market Premium (GMP) remains at ₹0, indicating no premium or discount in unofficial trading.

CONTENTS:

• Quality Power IPO Day 3 GMP Live: Final Day Subscription Status, GMP, Price Band & More
• Quality Power Electrical Equipments Limited IPO Day 3: Subscription Status, GMP, and Key Highlights

Quality Power IPO Day 3: Final Subscription Status, GMP, Price Band & Key Insights

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

Today marks the final day of subscription for the Quality Power IPO, with investors closely monitoring its performance alongside the allotment status of Hexaware IPO. Stay tuned for the latest updates on these public issues.

Utilization of Quality Power IPO Proceeds

The funds raised from the fresh issue will be allocated as follows:

• Acquisition of Mehru Electrical and Mechanical Engineers Pvt Ltd
• Capital expenditure for plant and machinery purchases
• Supporting inorganic growth through strategic acquisitions
• General corporate purposes

Notably, the proceeds from the Offer for Sale (OFS) will not contribute to the company’s net proceeds.

Subscription Status (Day 3 – Live Updates)

As of now, the subscription figures stand at:

• Qualified Institutional Buyers (QIBs): 0.62x
• Non-Institutional Investors (NIIs): 1.18x
• Retail Individual Investors (RIIs): 1.31x
• Overall Subscription: 0.90x

TCS Salary Hike Update

Tata Consultancy Services (TCS) is set to implement salary hikes of 4-8% in March, with disbursements starting in April. This follows a trend of slowing salary increments in the IT sector. In previous years, TCS offered:

• FY22: 10.5% hike
• FY24: 7-9% hike

The company currently employs 607,354 people and plans to hire 40,000 freshers by March, with further hiring increases anticipated for FY26.

How to Apply for the Quality Power IPO via Zerodha

Investors can apply through Zerodha Console using UPI as a payment method:

1. Log in to Zerodha Console.
2. Navigate to Portfolio > IPOs.
3. Find Quality Power IPO and click Bid.
4. Enter UPI ID, Quantity, and Price.
5. Submit the form and approve the UPI mandate through a banking app.

Quality Power: Key Strengths

• Global leader in energy transition & power technology.
• Positioned to benefit from decarbonization & renewable energy adoption.
• Strong financial performance & diversified customer base.
• Comprehensive product portfolio with high trade barriers.
• Successful history of acquisitions, boosting growth & order book.
• Robust R&D capabilities for future-ready solutions.
• Experienced management team with deep domain expertise.

With its strong industry presence and growth potential, Quality Power is drawing significant investor attention as the IPO reaches its final subscription day.

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

Quality Power Electrical Equipments Limited, founded in 2001, specializes in energy transition equipment and power technologies, focusing on high-voltage electrical solutions for grid connectivity. The company’s IPO subscription began on February 14, 2025, and concludes today, February 18, 2025. The allotment is expected to be finalized on February 19, 2025, with BSE and NSE listing tentatively scheduled for February 21, 2025.

Quality Power IPO Subscription Status (Day 3 – Live Updates)

 (NSE data):

• Total subscription: 0.88x
• Retail Investors: 1.28x
• Non-Institutional Investors (NII): 1.16x
  • Large Bids (Above ₹10 lakh – bNII): 1.53x
  • Small Bids (Below ₹10 lakh – sNII): 0.40x
• Qualified Institutional Buyers (QIB): 0.62x

Subscription Trends Over Three Days

On Day 3 (February 18, 2025), the overall subscription stood at 0.88 times, with the retail category subscribed 1.28 times. The Non-Institutional Investors (NII) segment recorded a subscription of 1.16 times, where large bids (bNII) above ₹10 lakh reached 1.53 times, while small bids (sNII) below ₹10 lakh stood at 0.40 times. The Qualified Institutional Buyers (QIB) segment was subscribed 0.62 times.

On Day 2 (February 17, 2025), the IPO had an overall subscription of 0.83 times, with the retail category at 1.08 times. The NII segment reached 1.10 times, with bNII at 1.48 times and sNII at 0.33 times. The QIB segment remained at 0.62 times.

On Day 1 (February 14, 2025), the IPO saw an overall subscription of 0.62 times. The retail category stood at 0.58 times, while NII was at 0.83 times. Within NII, bNII was at 0.14 times, whereas sNII saw higher participation at 1.15 times. The QIB segment recorded 0.54 times subscription.

Quality Power IPO Details

• Issue Size: ₹858.70 crores
• Fresh Issue: 0.53 crore shares (₹225.00 crores)
• Offer for Sale (OFS): 1.49 crore shares (₹633.70 crores)
• Price Band: ₹401 – ₹425 per share
• Lot Size: 26 shares per lot
• Retail Investors Minimum Investment: ₹10,426 (bidding at cutoff: ₹11,050)
• Non-Institutional Investors (NII):
  • sNII (small investors – 19 lots/494 shares): ₹2,09,950
  • bNII (large investors – 91 lots/2,366 shares): ₹10,05,550

Utilization of IPO Proceeds

The net proceeds from the fresh issue will be allocated as follows:

• Acquisition of a strategic business to enhance market position.
• Purchase of key equipment and machinery to expand operations.
• Investment in future growth initiatives and strategic expansions.
• General corporate purposes to support ongoing business needs.

Note: Proceeds from the Offer for Sale (OFS) will go directly to the selling shareholders and will not contribute to the company’s capital.

GMP (Grey Market Premium) Update

According to Business Standard Media Report (February 18, 2025, 8:52 AM), the GMP for Quality Power IPO is ₹0, indicating no premium or discount, with shares trading at ₹425 in the grey market.

Company Overview: Quality Power Electrical Equipments Limited

Quality Power Electrical Equipments Limited, established in 2001, is a key player in high-voltage electrical solutions for energy transition and grid connectivity. The company specializes in HVDC and FACTS networks, facilitating the integration of renewable energy into power grids.

Key Business Highlights

• Manufacturing Presence: Facilities in Maharashtra and Kerala.
• International Expansion: Holds a 51% stake in Turkey-based Endoks (since 2011).
• Diverse Product Portfolio:
  • Reactors, Transformers, Converters
  • Power Quality Systems (STATCOMs, Harmonic Filters)
• Customer Base: Serves 210 clients across power utilities, industrial sectors, and renewable energy companies (as of March 31, 2024).

With its established market presence and ongoing expansion efforts, Quality Power Electrical Equipments Limited aims to capitalize on the increasing demand for energy transition and grid modernization.