Quality Power IPO Allotment Status: Check Latest GMP, Steps To Verify Status

Bidding for Quality Power Electrical Equipments Limited IPO was open from February 14 to February 18, 2025. The basis of allotment will be finalised on February 19, 2025, with a tentative listing on BSE and NSE scheduled for February 21, 2025. Read on to find out how to check the allotment status. 

Steps to Check Quality Power IPO Allotment Status Online On NSE

Here is the process to check the Quality Power IPO Allotment Status on NSE:

1. Open the Application Status page of NSE here. 
2. Choose 'Equity & SME IPO bid details'. 
3. Select 'Quality Power' from the list of companies. 
4. Enter your IPO application number and PAN details. 
5. Click on the submit button to check the details of the share allotment. 

Steps to Check Quality Power IPO Allotment Status on BSE 

Here is the process to check the Quality Power IPO Allotment Status on BSE 

1. Open the Application Status page of BSE here. 
2. Choose 'equity' as the issue type. 
3. Select 'Quality Power’ from the list of companies. 
4. Enter your IPO application number and PAN details. 
5. Verify the captcha by clicking on the 'I am not a Robot' box. 
6. Click on the submit button to check the details of the share allotment.

IPO Details

Quality Power’s IPO has an issue size of ₹858.70 crores, comprising a fresh issue of 0.53 crore shares worth ₹225.00 crores and an Offer for Sale (OFS) of 1.49 crore shares totalling ₹633.70 crores. The price band is fixed between ₹401 and ₹425 per share, with a minimum lot size of 26 shares. Retail investors can participate with a minimum investment of ₹10,426, though bidding at the cutoff price of ₹11,050 is recommended to navigate potential oversubscription. For non-institutional investors (NII), small NIIs (sNII) must invest in a minimum of 19 lots (494 shares) amounting to ₹2,09,950, while big NIIs (bNII) need to bid for at least 91 lots (2,366 shares) valued at ₹10,05,550.

Utilization of Proceeds

The net proceeds from the fresh issue will be allocated towards several key initiatives such as:

• Acquisition Funding: A portion of the net proceeds will be used for acquiring Mehru Electrical and Mechanical Engineers Private Limited.
• Capital Expenditure: Funds will be allocated for purchasing plant and machinery to support operational expansion.
• Inorganic Growth: The company plans to use part of the proceeds for future acquisitions and strategic initiatives to drive growth.
• General Corporate Purposes: A portion of the funds will be reserved for general corporate needs.
• No Proceeds from OFS: The company will not receive any funds from the Offer for Sale (OFS), as these will go directly to the selling shareholders.

Overall Subscription Status

(February 18, 2025, end of the day)

Quality Power Electrical Equipments Limited IPO was subscribed 1.29 times on the third day, according to BSE data. Of these, 

• Retail investors subscribed 1.83 times, 
• Non-institutional investors (NII) subscribed 1.45 times, 
• Qualified Institutional Buyers (QIBs) subscribed 1.03 times.

Also Read: Quality Power IPO Day 1 Subscription Status, Quality Power IPO Day 2 Subscription Status

GMP Details

As per reported by Business Standard Media Report, as of February 19, 2025, 8:29 AM, the Grey Market Premium (GMP) for Quality Power IPO was ₹0, indicating that the shares were trading at ₹425 with no premium or discount in the grey market.

Note: The Grey Market Premium (GMP) is not an official price and is based on market speculation.

Quality Power Business Overview

Quality Power Electrical Equipments Limited, established in 2001, is a leading provider of high-voltage electrical solutions for energy transition and grid connectivity. Specializing in HVDC and FACTS networks, the company plays a key role in integrating renewable energy into power grids. With manufacturing facilities in Maharashtra and Kerala and a 51% stake in Turkey-based Endoks since 2011, Quality Power offers a diverse product portfolio, including reactors, transformers, converters, and power quality systems like STATCOMs and harmonic filters. As of March 31, 2024, it served 210 customers across power utilities, industries, and renewable energy sectors.