Quality Power Shares Listed on NSE and BSE: Premium of ~2% on BSE

On Monday, February 24, 2025, Quality Power Electrical Equipments shares marked a subdued debut on the stock exchanges. On the BSE, Quality Power shares opened at ₹432.05 per share, showing a premium of 1.66%, above its issue price of ₹425 per share.

On the NSE, Quality Power shares listed at ₹430 per share, representing a slightly lower premium of 1.18%, over the issue price.

Quality Power IPO Details

Quality Power IPO consisted of a fresh issue of 5.2 million equity shares and an offer for sale of 14.90 million equity shares. The price band for the IPO was ₹401-425 per share, with a lot size of 26 shares. The offering was open for subscription from Friday, February 14, 2025, to Tuesday, February 18, 2025.

Quality Power’s IPO saw a lukewarm response from investors, with the offering oversubscribed by 1.29 times by the end of the subscription period, mainly driven by Retail Individual Investors (RIIs), who oversubscribed to 1.83 times their reserved quota, according to BSE data.

Use of Quality Power IPO Proceeds

The funds raised from the fresh issue will be used by Quality Power for the acquisition of Mehru Electrical and Mechanical Engineers, capital expenditure to purchase plant and machinery, and for financing inorganic growth through unidentified acquisitions and other strategic initiatives, in addition to general corporate purposes.

About Quality Power Electrical Equipments Limited

Founded in 2001, Quality Power Electrical Equipments Limited is involved in the energy transition equipment and power technology sector. The company offers high-voltage electrical equipment and solutions designed for grid connectivity and energy transition, with a focus on power products across the generation, transmission, distribution, and automation sectors.

Quality Power manufactures essential high-voltage equipment for High Voltage Direct Current (HVDC) and Flexible AC Transmission Systems (FACTS) networks, facilitating the integration of renewable energy into power grids.

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