New Delhi: Quality Power IPO, a book built issue of Rs 858.70 crore, opened for subscription on February 14, 2025 and will close on 18th February. The initial public offer price band is set at Rs 401 to Rs 425 per equity share. The retail investors are required to bid for a minimum lot size of 26 shares, for which Rs 10,426 has to be invested. The investors applying in the NII category is 19 lots and for bNII portion, investors are required to apply for 91 lots.
Quality Power IPO allotment is expected on February 19, 2025, while the refunds process is likely to begin on 20 February. The shares are estimated to be credited to the demat account of eligible shareholders on February 20. The shares will list on BSE and NSE with a tentative date February 21.
Quality Power IPO GMP
Quality Power IPO GMP today morning stood at Rs 14, investorgain reported. With the price band of Rs 425 the shares are expected to be listed at Rs 439 per equity share, which indicates a listing gain of 3.29 per cent.
Quality Power IPO raised Rs 386.41 crore from anchor investors. Out of the total allocation of 90,92,070 equity shares to the anchor investors, 18,82,348 equity shares were allocated to domestic mutual funds.
Should you apply for Quality Power IPO
- Reliance Securities has given positive rating for Quality Power IPO
- May Apply rating from SBICAP Securities
- Axis Capital has not given any rating on Quality Power IPO
- Capital Market has said investors ‘May Apply’
- JM Financial Services Limited: No rating on the public offer
- Mehta Equities has given May Apply rating
(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO, Mutual Funds and crypto assets.)
Quality Power IPO opens for subscription on February 14 and close on February 18. The GMP indicates that the shares will list with around 3 per cent gains. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
