Tue Feb 18 12:18:55 UTC 2025: ## Quality Power IPO Receives ‘Subscribe’ Rating; TCS Announces Salary Hikes

**Mumbai, February 18, 2025** – The initial public offering (IPO) of Quality Power Electrical Equipments Limited, which opened on February 14th, closes today. The company aims to raise Rs 858.70 crore through a price band of Rs 401-425 per share. Anand Rathi brokerage firm has given the IPO a “SUBSCRIBE” rating, citing fair valuation and the company’s strong position in the growing renewable energy sector. The IPO includes a fresh issue of Rs 225 crore and an offer for sale of Rs 633.70 crore. Allotment is expected on February 19th, with listing on the BSE and NSE tentatively scheduled for February 21st. Retail investors are advised to bid at the cutoff price to mitigate oversubscription risk.

Meanwhile, Tata Consultancy Services (TCS) is set to announce salary increments ranging from 4% to 8% in March, with payments starting in April. This represents a slowdown from double-digit increases during the COVID-19 period, reflecting broader industry trends. TCS, which employs over 600,000 people, plans to hire 40,000 freshers by March.

Elsewhere in the market, Traders Gurukul’s “BOTS” options trading summit continues to attract traders across India. The event, held on the 2nd or 3rd Sunday of each month, offers insights into the dynamic crypto market, including top gainers and losers. A new integrated platform aims to improve user navigation and generate leads for brokers.

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