Shares of Quality Power Electrical Equipments made a muted debut on its Dalal Street debut on Monday as the energy transition equipment maker was listed at Rs 432.05 on BSE, a discount of 1.66 per cent over its issue price of Rs 425 apiece. Similarly, the stock kicked-off its maiden trading session with a discount of 1.16 per cent over its given issue price of Rs 430 on BSE.<\/p>\n\n\n\n
The listing of Quality Power has been better-than-the-expectations. Ahead of its stock market debut, the grey market premium (GMP) of Quality Power was exchanging hands at a discount of Rs 10 per share, suggesting a muted listing for the investors. The GMP for the counter has remained negative since the closure of the issue.<\/p>\n\n\n\n
The IPO of Quality Power Electrical Equipments ran for bidding between February 14-18. The company had offered its shares in the price band of Rs 401-425 per share with a lot size of 26 shares. It raised a total of Rs 858.70 crore from its IPO, which included a fresh share sale of Rs 225 crore and an offer-for-sale (OFS) of up to 1,49,10,500 shares.<\/p>\n\n\n\n
The issue was overall subscribed only 1.29 times. The portion for qualified-institutional bidders (QIBs) was subscribed about 1.03 times. The portion for non-institutional investors (NIIs) was booked 1.45 times, while the allocation for retail investors was booked 1.83 times during the three-day bidding.<\/p>\n\n\n\n
Incorporated in 2001, Sangli-based Quality Power Electrical Equipments is engaged in the business of energy transition equipment and power technologies. It provides high-voltage electrical equipment and solutions for grid connectivity and energy transition, specializing in power products across generation, transmission, distribution, and automation sectors.<\/p>\n\n\n\n
Brokerage firms mostly had a positive view on this issue. Pantomath Capital Advisors was the sole book-running lead manager of the Quality Power IPO, while Link Intime India served as the registrar for the issue.<\/p>\n\n\n\n
Eqwires Research Analyst<\/a><\/strong><\/p>\n\n\n\n Top-notch SEBI registered research analyst<\/a><\/strong><\/p>\n\n\n\n Best SEBI registered Intraday tips provider <\/a><\/strong><\/p>\n\n\n\n info@eqwires.com<\/strong><\/a><\/p>\n\n\n\n Telegram <\/a>| Facebook <\/a>| Instagram<\/a><\/strong><\/p>\n\n\n\n Call: +91 9624421555 \/ +91 9624461555<\/em><\/strong><\/p>\n\n\n\n www.eqwires.com<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" Shares of Quality Power Electrical Equipments made a muted debut on its Dalal Street debut on Monday as the energy transition equipment maker was listed at Rs 432.05 on BSE, a discount of 1.66 per cent over its issue price of Rs 425 apiece. Similarly, the stock kicked-off its maiden trading session with a discount of 1.16 per cent over its given issue price of Rs 430 on BSE. The listing of Quality Power has … Continue reading “Quality Power shares make muted market debut, stock lists at 2% premium”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":3710,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[74],"tags":[],"class_list":["post-3709","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-sebi-registered-advisory-company"],"_links":{"self":[{"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/posts\/3709","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/comments?post=3709"}],"version-history":[{"count":1,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/posts\/3709\/revisions"}],"predecessor-version":[{"id":3711,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/posts\/3709\/revisions\/3711"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/media\/3710"}],"wp:attachment":[{"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/media?parent=3709"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/categories?post=3709"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/tags?post=3709"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}