Quality Power IPO allotment: How to check status online on MUFG Intime India, NSE, BSE

Quality Power IPO allotment: The basis of allotment of Quality Power Electrical Equipments shares is expected to be finalised on Wednesday, February 19. The public offer was fully subscribed on the final day of bidding.

According to the consolidated data on the BSE website, the initial share sale received bids for 1,43,31,330 equity shares as against the 1,11,12,530 shares on offer, translating to a 1.29 subscription.

Retail individual investors (RIIs) led the demand as they applied for 37,00,606 shares as compared to 20,20,460 shares on offer, leading to a subscription of 1.83 times.

Non-institutional investors (NIIs) portion was booked 1.45 times as they submitted applications for 43,95,768 shares against 30,30,690 reserved for them.

Qualified institutional buyers (QIBs) bid for 62,34,956 shares compared to 60,61,380 shares set aside for them. Their quota was subscribed 1.03 times.

How to check Quality Power IPO allotment status online on NSE

• Visit NSE's IPO allotment status page: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Select 'Equity & SME IPO bid details'
• Choose Quality Power Electrical Equipments Ltd under the symbol 'QPOWER'
• Fill in the application number and PAN
• Click on submit

Steps to check Quality Power IPO allotment status online on BSE

• Go to BSE's bid finalisation portal: https://www.bseindia.com/investors/appli_check.aspx
• Keep 'Issue type' as 'Equity'
• Select 'Quality Power Electrical Equipments Limited' from IPO names
• Enter your PAN number or application no
• Complete 'I'm not a robot' verification
• Click on submit

How to check Quality Power IPO allotment status on MUFG Intime India website

• Visit the official portal of MUFG Intime India Pvt Ltd (earlier Link Intime India) to check the IPO allotment status: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
• From the company name dropdown, pick Quality Power Electrical Equipments Ltd
• Enter any of these: PAN number, DP ID, Application Number, or Account Number
• Click on submit

Quality Power IPO listing date and time

Shares of Quality Power will be listed on the National Stock Exchange (NSE) and the BSE on Friday, February 21, at 10 am.

The ₹858.70 crore initial public offer was a mix of a fresh issue worth ₹225 crore and an offer-for-sale of ₹634 crore. The price band was ₹401 to ₹425 per share.

The funds raised will be used for capital expenditures, such as purchasing machinery and plant, acquiring Mehru Electrical and Mechanical Engineers, general corporate purposes, and inorganic growth.

Quality Power Electrical Equipments Ltd is engaged in providing high-voltage electrical solutions.