Tue Feb 18 10:12:14 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, ending with an overall subscription rate of 83 percent (0.83 times). While the retail investor portion was oversubscribed by 1.07 times, and Non-Institutional Investors (NIIs) by 1.10 times, the Qualified Institutional Buyer (QIB) portion received only 0.62 times subscription.

The IPO, priced between ₹401 and ₹425 per share with a market lot size of 26 shares, saw the company raise ₹386.41 crore from anchor investors earlier this week. LIC MF and Bank of India MF were among the anchor investors.

Despite the positive response from retail and NII investors, the overall low subscription rate suggests some hesitancy from institutional investors. The final subscription figures will be confirmed by the stock exchanges shortly.

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