Today's Quality Power IPO GMP: Market watchers claim that the company's shares are currently trading on the gray market for ₹4 more than they were previously.
Quality Power IPO: On February 14, 2025, the bidding for Quality Power Electrical Equipments Limited's initial public offering (IPO) began, and it will continue until 5:00 PM on February 18, 2025. Investors have only one day to apply for the public offering because the Quality Power IPO bidding closes at 5:00 PM today. A Quality Power IPO price range of ₹401 to ₹425 per equity share has been announced by the energy company. The offering of new shares is estimated to generate ₹225 crore of the ₹858.70 crore raised by the book build deal.An offer-for-sale (OFS) process is reserved for the remaining ₹633.70 crore. It is suggested that the public offer be listed on the BSE and NSE. On the first day of bidding, there was little interest in the book construction offer. The public offering had received 0.62 subscriptions, based on Quality Power's IPO subscription status. In the meantime, the energy company's shares are currently trading at a premium on the gray market. Stock market watchers claim that shares of Quality Power Electrical Equipments Limited are currently trading on the gray market at a premium of ₹4.
Today's Quality Power IPO GMP
As previously stated, the Quality Power IPO GMP (Grey Market Premium) for today is ₹4, which is ₹16 less than the GMP for the Quality Power IPO over the weekend, which was ₹20. According to market watchers, the poor quality power IPO subscription status and unfavorable attitude on Dalal Street are to blame for today's decline in the Quality Power IPO GMP. However, following Monday's relief surge in the secondary market, they anticipated a slight recovery in sentiment in the grey market.
Status of Quality Power IPO subscriptions
By 10:48 AM on the third day of bidding, the retail segment had been filled 1.27 times, the NII section had been booked 1.15 times, the QIB segment had been subscribed 0.62 times, and the public issue had been subscribed 0.88 times.
Should I apply for the Quality Power IPO?
A'subscribe' tag is added to the book construction problem by Choice Broking: "QPEEL is requesting an EV/S multiple of 5.9x at the upper price band, which is below the peer average. The company is well-positioned to profit from the growing demand for energy transition equipment, which would help generate lucrative business growth, given its extensive product and solution offerings and more than two decades of experience in the energy transition industry. We therefore give the problem a "SUBSCRIBE" rating.
As previously stated, the Quality Power IPO GMP (Grey Market Premium) for today is ₹4, which is ₹16 less than the GMP for the Quality Power IPO over the weekend, which was ₹20. According to market watchers, the poor quality power IPO subscription status and unfavorable attitude on Dalal Street are to blame for today's decline in the Quality Power IPO GMP. However, following Monday's relief surge in the secondary market, they anticipated a slight recovery in sentiment in the grey market.
Status of Quality Power IPO subscriptions
By 10:48 AM on the third day of bidding, the retail segment had been filled 1.27 times, the NII section had been booked 1.15 times, the QIB segment had been subscribed 0.62 times, and the public issue had been subscribed 0.88 times.
Should I apply for the Quality Power IPO?
A'subscribe' tag is added to the book construction problem by Choice Broking: "QPEEL is requesting an EV/S multiple of 5.9x at the upper price band, which is below the peer average. The company is well-positioned to profit from the growing demand for energy transition equipment, which would help generate lucrative business growth, given its extensive product and solution offerings and more than two decades of experience in the energy transition industry. We therefore give the problem a "SUBSCRIBE" rating.
"QPEEL is strategically positioned as an Indian producer of high-voltage power products and power quality systems with a diversified global customer base of 210+ global clients including Fortune 500 companies fostering long term relationships focusing on technology, scale of operations, reliability, and quality in energy projects," Reliance Securities said in its "buy" rating for the public issue. Because of its experienced team and highly skilled workforce, QPEEL is able to take advantage of growth opportunities, buy businesses at strategic prices, expand its market, and execute projects efficiently. This allows the company to scale stronger growth through its product offerings, expand geographically, and establish leadership in the energy transmission sector in the years to come. Therefore, we advise that you SUBSCRIBE to the issue.
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