Tue Feb 18 12:42:31 UTC 2025: ## Quality Power Electrical Equipments IPO Oversubscribed on Final Day
**Mumbai, February 18, 2025** – The ₹858.70 crore initial public offering (IPO) of Quality Power Electrical Equipments concluded today, exceeding its subscription target. By the close of trading, the IPO had received 1.28 times oversubscription. This strong investor interest follows the company’s successful pre-IPO fundraising of ₹386.41 crore from anchor investors on Thursday.
The IPO, priced between ₹401 and ₹425 per share with a market lot size of 26 shares, saw particularly strong demand from retail investors, who subscribed 1.76 times their allocation. Non-institutional investors (NIIs) subscribed 1.45 times, while qualified institutional buyers (QIBs) subscribed 1.03 times.
Quality Power plans to utilize the fresh funds raised to acquire Mehru Electrical and Mechanical Engineers, purchase new plant and machinery, pursue further inorganic growth through acquisitions, and for general corporate purposes. The company’s shares are expected to list on the stock exchanges on February 24, 2025. Among the anchor investors were LIC MF and Bank of India MF.
First Piper 