Tue Feb 18 07:19:10 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 percent (0.83 times). The IPO, which opened on Friday, February 14th, and priced its shares between ₹401 and ₹425, failed to attract the expected level of investor interest.

While the retail investor portion saw 1.07 times subscription and Non-Institutional Investors (NIIs) subscribed 1.10 times, the Qualified Institutional Buyers (QIBs) segment significantly underperformed, achieving only 0.62 times subscription. The overall subscription rate fluctuated throughout the day, ranging from 86 percent in the morning to 92 percent at its peak. The company had earlier raised ₹386.41 crore from anchor investors.

Despite the low subscription rate, today marked the last day for investors to participate in the IPO. A market lot size consisted of 26 shares. The reasons behind the lukewarm response remain to be seen, but analysts will likely be scrutinizing the results in the coming days.

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