Tue Feb 18 11:28:07 UTC 2025: ## Quality Power IPO Oversubscribed, Sets Listing Date

**MUMBAI, February 17, 2025** – Quality Power Electrical Equipments Ltd.’s initial public offering (IPO) concluded today, exceeding expectations by garnering oversubscription within its three-day bidding period. The IPO, which opened on February 14th, received bids for 12,863,214 shares against the 11,112,530 shares offered.

Strong demand was seen across investor categories. Non-institutional investors subscribed 1.33 times, Retail Individual Investors (RIIs) 1.64 times, and Qualified Institutional Buyers (QIBs) 91%. The IPO, priced between Rs 401 and Rs 425 per share, raised Rs 859 crore, comprising a fresh issue of Rs 225 crore and an offer-for-sale of Rs 634 crore.

The energy transmission equipment and technologies company, incorporated in 2001, reported revenue of Rs 300 crore and profit of Rs 55 crore for the fiscal year ending March 31, 2024. Quality Power provides high-voltage electrical equipment and solutions for electrical grid connectivity and energy transition, operating up to 765kV.

Share allotment is expected on February 19th, with listing on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) anticipated for February 21st. Pantomath Capital Advisors served as the sole book-running lead manager. Grey market premiums currently stand at zero, indicating shares are trading at the issue price.

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