Quality Power IPO - Day 3 Subscription at 0.89 Times

Quality Power's initial public offering (IPO) has shown steady progress in its final day of subscription. The ₹858.70 crore IPO has witnessed gradual improvement in demand, with subscription rates advancing from 0.62 times on day one, improving to 0.83 times on day two, and reaching 0.89 times by 11:04 AM on the final day, demonstrating measured investor participation across categories.

Quality Power IPO has already secured strong institutional backing through its anchor book of ₹386.41 crores, and this foundation has been complemented by growing interest across investor segments. The Non-Institutional Investors (NII) have shown particular strength with 1.16 times subscription, driven by robust bNII participation at 1.54 times, while the retail portion has achieved 1.30 times subscription.
 

The overall response has gathered meaningful momentum across categories, with total applications reaching 75,904. The QIB portion stands at 0.62 times, while the cumulative bid amount has reached ₹419.64 crores, reflecting strategic evaluation by investors of this energy transition equipment manufacturer's growth prospects and market position.

Subscription Status of Quality Power IPO:

Here are the subscription details for Quality Power IPO as of Day 3 (February 18, 2025, 11:04 AM):

Note:
 

• "Shares Offered" and "Total Amount" are calculated based on the upper price of the issue price range.
• The portions of anchor investors and market maker are not included in the total shares offered.

Quality Power IPO - Day 3 Subscription

Key Highlights:

• Overall subscription reaching 0.89 times showing steady progress
• NII segment leading with 1.16 times subscription, driven by strong bNII interest
• bNII portion showing robust demand at 1.54 times subscription
• Retail investors demonstrating growing confidence at 1.30 times
• QIB portion maintaining steady participation at 0.62 times
• Total applications reaching 75,904 indicating broad investor interest
• Cumulative bid amount reaching ₹419.64 crores across categories
• Strong anchor book providing stability with ₹386.41 crore investment
• Final day witnessing balanced participation across segments
• Market response indicating measured evaluation
• Subscription pattern reflecting strategic assessment
• Large issue size attracting institutional focus
• Total bids showing systematic investor approach
• Segment-wise subscription demonstrating varied interest levels

Quality Power IPO - Day 2 Subscription at 0.83 Times

Key Highlights:

• Overall subscription improving to 0.83 times showing consistent growth
• Retail investors crossing full subscription at 1.08 times
• NII segment achieving 1.10 times led by bNII at 1.48 times
• QIB portion improving to 0.62 times
• Day two maintaining steady momentum
• Market response indicating growing confidence
• Balanced participation across categories
• Strong institutional backing continuing
• Second day building on opening response
• Subscription trends showing positive progression
• Strategic investor evaluation evident
• Large-scale offering gathering momentum
• Institutional participation showing measured approach
• Day two establishing subscription pattern

Quality Power IPO - Day 1 Subscription at 0.62 Times

Key Highlights:

• Overall subscription opening at 0.62 times showing measured start
• bNII segment beginning strongly at 1.15 times
• NII portion showing early interest at 0.83 times
• QIB segment starting at 0.54 times
• Retail investors beginning at 0.58 times
• Opening day demonstrating balanced approach
• Initial momentum indicating strategic evaluation
• Strong anchor backing providing foundation
• First day establishing subscription baseline
• Market response reflecting careful assessment
• Early applications showing focused interest
• Day one setting steady foundation
• Initial response aligned with issue size
• Opening momentum building systematically

About Quality Power Electrical Equipments Limited

Quality Power Electrical Equipments Limited, established in 2001, has evolved into a leading provider of energy transition equipment and power technologies. With over two decades of expertise, the company specializes in manufacturing critical high-voltage equipment for HVDC and FACTS networks, playing a crucial role in enabling energy transition from renewable sources to power grids. Their comprehensive portfolio includes reactors, transformers, converters, and grid interconnection solutions, serving a diverse customer base of 210 clients including power utilities and renewable energy entities.

Their financial performance demonstrates robust growth with revenue increasing from ₹273.55 crores in FY2023 to ₹331.40 crores in FY2024, while profit after tax rose from ₹39.89 crores to ₹55.47 crores. For the six months ended September 30, 2024, the company reported revenue of ₹182.72 crores with an impressive PAT of ₹50.08 crores, showcasing strong operational efficiency and profitability in the energy transition sector.

Their competitive strengths include:

• Global leadership in energy transition and power technology serving diverse industry segments
• Strong positioning to benefit from global decarbonization trends
• Proven track record of consistent growth and financial performance
• Extensive customer relationships with global businesses
• Comprehensive product portfolio with high entry barriers
• Strategic acquisition capabilities enhancing order book
• Advanced R&D capabilities for future-ready solutions
• Experienced management team with deep domain expertise
• Manufacturing facilities in strategic locations
• Strong presence in international markets
   

Highlights of the Quality Power IPO:

• IPO type: Book Built Issue IPO
• IPO size: ₹858.70 crores
• Fresh Issue: ₹225.00 crores
• Offer for Sale: ₹633.70 crores
• Face value: ₹10 per share
• Price band: ₹401 to ₹425 per share
• Lot size: 26 shares
• Minimum investment for retail investors: ₹11,050
• Minimum investment for sNII: ₹2,09,950
• Minimum investment for bNII: ₹10,05,550
• Listing at: BSE, NSE
• IPO opens: February 14, 2025
• IPO closes: February 18, 2025
• Allotment date: February 19, 2025
• Refund initiation: February 20, 2025
• Credit of shares: February 20, 2025
• Listing date: February 21, 2025
• Lead Manager: Pantomath Capital Advisors Pvt Ltd
• Registrar: Link Intime India Private Ltd