Quality Power IPO: GMP, Subscription Status and Other Details. Here’s Everything You Need to Know

The initial public offering (IPO) of Quality Power Electrical Equipments Limited opened on February 14 and will remain open for subscription till 5:00 pm of February 18. The price band has been fixed between the range of ₹401 to ₹425 apiece. The company is planning to raise ₹858.70 crore, of which ₹255 is a fresh issue. The remaining ₹633.70 crore is an offer-for-sale (OFS).

Quality Power IPO GMP today

The grey market premium (GMP) of Quality Power IPO came at ₹4, which is ₹16 less than February 14’s GMP of ₹20. The dip in the Quality Power IPO can be attributed to poor subscription status and negative sentiments in the Dalal Street. The Indian stock market witnessed heightened selloffs for eight consecutive sessions.

Quality Power IPO Subscription Status

The issue has been subscribed by 0.62 times. While the retail segment booked the issue by 0.57 times, NIIs and QIB subscribed by 0.82 times and 0.54 times respectively. In January 2025, FIIs sold Indian equities to the tune of ₹87,374 crore, and so far in February, they have sold shares worth ₹24,888 crore.

What did the brokerages say?

While issuing a ‘subscribe’ tag on the issue, Choice Broking said, “At the upper price band, QPEEL is demanding an EV/S multiple of 5.9x, which is at a discount to peer average. Considering its over two decades of experience in the energy transition sector and wide range of products & solutions, the company is well positioned to benefit from the rising demand for energy transition equipment, which would assist in generating profitable business growth. Thus, we assign a "SUBSCRIBE" rating for the issue.”

Reliance Securities assigned a 'buy' tag to the public issue stating, “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. QPEEL has a seasoned team which brings extensive industry experience and a skilled workforce, enabling the company to capitalize on growth opportunities, acquire companies at strategic pricing driving growth, market expansion and effective project execution to scale stronger growth through its product offerings, unlock geographical expansion and solidifying leadership in the energy transmission sector in the coming years. Hence, we recommend a SUBSCRIBE to the issue for the long term.”