• According to SEBI’s new rule, all company’s IPO must make their stock market debut within three working days (T+3) after bidding for the issue ends. Regarding the Quality Power IPO, bidding ended on February 18, and the listing should have been on February 21.

• However, February 19 was a bank holiday, which postponed the share settlement cycle to February 20. As a result, the Quality Power IPO listing has been scheduled to February 24 (Monday).

Quality Power's share listing has been shifted to February 24 (Monday). The mainboard IPO was supposed to make its market debut on Friday, February 21.

Quality Power IPO is a combination of a fresh issue and an offer for sale. The fresh issue is of ₹225 crore, and an offer for sale of ₹633.70 crore. The company proposes to utilise the net proceeds of the issue in the following manner:

• New acquisition: The company will use ₹117.00 crores to acquire Mehru Electrical and Mechanical Engineers Private Limited.
• Funding capex: The company will use ₹27.23 crores to fund their capital expenditure requirements for purchasing plant and machinery.
• General corporate purposes: Part of the net IPO proceeds will be used for general corporate purposes and other strategic initiatives.

Quality Power IPO received a total subscription of 1.29 times. The power equipment supplier's IPO received bids for more than 1.43 crore shares against 1.11 crore shares on offer.

The Non-Institutional Investors (NIIs) subscribed to their category 1.45 times with bids for over 43.94 lakh shares against the allocation of 30.3 lakh shares. The retail quota was booked 1.82 times. The retail investors applied for 36.74 lakh shares compared to 20.2 lakh shares set aside for them. The Qualified Institutional Buyers placed bids for 62.34 lakh shares against their reserved portion of 60.61 lakh shares.

Quality Power Electrical Equipments raised ₹858.7 crore from the primary market through this public issue.

Quality Power IPO Listing Live Updates: Power equipment supplier Quality Power will list its shares on the secondary market on Friday, February 21, 2025, at 10 a.m.