Quality Power IPO Subscription started on February 14, 2025, and will close on February 18, 2025, as per the schedule. The price band is set at ₹401 to ₹425 per share with a face value of ₹10.
Quality Power IPO Subscription Status
Quality Power IPO Subscribed over 0.62x on its First day till 5.00 PM on 14th February 2025.
- Quality Power IPO subscription QIB investors portion is 0.54 times, while NII subscribed 0.83 times and RII investors subscribed 0.58 times.
- The company has received bids for 69,38,724 shares against 1,11,12,530 shares on offer on the first day of subscription.
- Quality Power IPO subscribed over 0.62x on its First day
About Quality Power Company
Quality Power Electrical Equipment is known to provide high-voltage electrical equipment and solutions for grid connectivity and energy transitions, as well as committed to providing power generation, transmission, distribution, and automation, including renewable energy applications. Quality Power Electrical Equipment, founded in 2001, is one of the well-known companies in India involved in the business of offering energy transition equipment and power technologies to their global clients. Among other companies, Quality Power Electrical Equipments is one of the few companies that provide critical high voltage equipment for High Voltage Direct Current and Flexible AC Transmission Systems to their global customers. To satisfy their Fortune 500 companies and other conglomerate clients, they make sure that their operational facilities meet the high requirements. Sangli, Maharashtra, and Aluva, Kerala are two locations where their manufacturing facilities are situated. As of March 31, 2024, the company comprises 163 full-time employees and 372 employees on a contract base.
Quality Power Financial Report
The company reported revenue of ₹331.4 crores in 2024 against ₹273.55 crore in 2023. The company reported profit of ₹55.47 crores in 2024 against profit of ₹39.89 crores in 2023.
Quality Power IPO GMP:
Quality Power IPO GMP was ₹20 as of Friday,14th February 2025. That indicates the IPO is trading at ₹445 with ₹20 premium in the grey market against the issue price of ₹ ₹425.
