Quality Power IPO Anchor Allocation at 45.00%

Quality Power IPO received a strong anchor allocation response, with 45.00% of the total IPO size subscribed by anchor investors. Out of the 202,04,618 shares on offer, anchor investors were allocated 90,92,070 shares, demonstrating significant market confidence. The anchor allocation details were reported to the stock exchanges on February 13, 2025, just ahead of the IPO opening on February 14, 2025.
 

The book-built issue of ₹858.70 crores comprises a fresh issue of 52,94,118 shares aggregating to ₹225.00 crores and an offer for sale of 1,49,10,500 shares aggregating to ₹633.70 crores. The price band is set at ₹401 to ₹425 per share, with a face value of ₹10 per share. This includes a share premium of ₹415 per share at the upper end of the price band.

The anchor allocation process, which took place on February 13, 2025, saw robust participation from institutional investors. The entire anchor allocation was made at the upper end of the price band, ₹425 per share, highlighting strong demand and confidence in the company's growth potential.
 

After the anchor allocation, the overall allocation of the IPO looks as follows:

The lock-in period for anchor investors is a critical aspect of the allocation. For Quality Power IPO, the lock-in details are as follows:

• Lock-in Period (50% Shares): March 21, 2025
• Lock-in Period (Remaining Shares): May 20, 2025

This lock-in period ensures that anchor investors maintain their investments for a specified duration, contributing to stock price stability post-listing.
 

Anchor Investors in Quality Power IPO

Anchor investors, typically large institutional investors, are allotted shares in an IPO before it opens to the public. The anchor allocation process plays a pivotal role in price discovery and instilling confidence among retail investors. The strong response from anchor investors often sets a positive tone for the public issue and influences the overall subscription levels.

On February 13, 2025, Quality Power IPO completed the bidding for its anchor allocation. A total of 90,92,070 shares were allotted to anchor investors at the upper IPO price band of ₹425 per share, resulting in an overall anchor allocation of ₹386.41 crore. This represents 45.00% of the total issue size of ₹858.70 crore, indicating robust institutional demand.
 

Quality Power IPO Key Details:

• IPO Size: ₹858.70 crores
• Shares Allocated to Anchors: 90,92,070
• Anchor Subscription Percentage: 45.00%
• Listing Date: February 21, 2025
• IPO Opening Date: February 14, 2025

About Quality Power Electrical Equipments Limited 

Incorporated in 2001, Quality Power Electrical Equipments Limited is engaged in the business of energy transition equipment and power technologies. The company provides high-voltage electrical equipment and solutions for grid connectivity and energy transition, specializing in power products across generation, transmission, distribution, and automation sectors. With over 20 years of experience, the company operates manufacturing facilities in Sangli, Maharashtra, and Aluva, Kerala, and in 2011 acquired 51% of Endoks, a Turkey-based subsidiary with design, assembly, and project management capabilities. As of March 31, 2024, the company served 210 customers, including power utilities, power industries, and renewable energy entities, through its comprehensive product portfolio of Power Products (including Reactors, Line Traps, Transformers, Instrument Transformers) and Power Quality Systems (including Static VAR compensators, STATCOM's, Harmonic Filters). The company's success is driven by its research and development capabilities, diversified customer base with long-lasting relationships, and demonstrated track record of strategic acquisitions. With 163 full-time employees and 372 contractual workers, the company has established itself as a global energy transition and power technology player catering to diverse industry segments.