Quality Power IPO, one of the upcoming IPOs, allotment status is set for today, Wednesday, February 19, 2025. You can check the allotment status on the registrar’s website, Link Intime India Private Ltd, as well as on the NSE and BSE websites.
Successful bidders can expect the shares to be credited to their demat accounts on Thursday, February 20, 2025. Those who did not receive an allotment will likely receive refunds on the same day.
Quality Power IPO was opened on February 14, 2025 and closed on February 18, 2025. As of February 18, 2025, 5:55 PM, the IPO achieved an overall subscription of 1.29 times. The qualified institutional buyers (QIB) category was subscribed 1.03 times, while the non-institutional investor (NII) and retail investor portions saw subscriptions of 1.45 times and 1.82 times, respectively.
Quality Power IPO was a book-built issue totalling ₹858.70 crore. The issue is a combination of a fresh issue of 0.53 crore shares aggregating to ₹225.00 crores and an offer for sale of 1.49 crore shares aggregating to ₹633.70 crores.
The price band for the IPO was set between ₹401 to ₹425 per share. The minimum lot size for an application was 26. The minimum amount of investment required by retail investors was ₹10,426.
Quality Power shares are scheduled to be listed on both the NSE and BSE on Friday, February 21, 2025.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Feb 19, 2025, 9:31 AM IST
Nikitha Devi
Nikitha is a content creator with 6+ years of experience in the financial domain. Specialising in personal finance, investments, and market insights, Nikitha simplifies complex financial topics, making them accessible to readers.
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