News Details

( As on 10/02/2025 12:09)

Quality Power Electr announces launch of initial public offering

Quality Power Electrical Equipments Ltd. has announced public offering of 20204618 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 415.00 per share. The gross proceeds of the issue are expected to be Rs 85,869.63 lakhs.

The company's initial public offer (IPO) will open on 14 February 2025 and is expected to close on 18 February 2025, subject to customary closing conditions. The price band of the issue has been fixed at Rs 401.00-425.00 per share.

The IPO includes a fresh Issue of 20204618 Equity Shares of the Company at an price of Rs 425.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 26 shares with bids in multiples of 26.

Quality Power Electrical Equipments Ltd. anticipates using the proceeds of the issue for .

Pantomath Capital Advisors Pvt. Ltd. as lead manager & MUFG Intime India Pvt. Ltd. is the registrar, to the issue.