Tue Feb 18 09:22:57 UTC 2025: ## Quality Power Electrical Equipments IPO Closes Undersubscribed

**MUMBAI, February 18, 2025** – The ₹858.70 crore initial public offering (IPO) of Quality Power Electrical Equipments concluded today, closing undersubscribed at 83%. The IPO, which offered shares at a price band of ₹401-₹425 per share, saw a market lot size of 26 shares.

While the retail investor portion was subscribed 1.07 times and Non-Institutional Investors (NIIs) at 1.10 times, the Qualified Institutional Buyers (QIBs) segment was significantly under-subscribed at just 0.62 times. This resulted in an overall subscription level of 0.83 times by the closing bell.

The company had successfully raised ₹386.41 crore from anchor investors on Thursday prior to the IPO opening. Despite this, the final subscription figures indicate a lukewarm response from investors. The reasons behind the underperformance remain to be seen, but market conditions and investor sentiment likely played a role. The final allotment of shares is expected to be announced in the coming days.

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