Quality Power IPO GMP Today: Market observers report that shares of Quality Power Electrical Equipments Limited are trading at a ₹4 premium in the grey market today.
Subscription Status: As of day one of the bidding, the Quality Power IPO has been subscribed 0.62 times. The IPO, which opened on February 14, 2025, and will close at 5:00 PM on February 18, 2025, offers a price band of ₹401 to ₹425 per share. The energy company aims to raise ₹858.70 crore, with ₹225 crore expected from fresh equity issuance and ₹633.70 crore coming from the offer-for-sale (OFS). The public offering will be listed on both BSE and NSE. The subscription response has been lukewarm, with the IPO subscribed 0.62 times as of the first day.
Shares of Quality Power are also currently available at a premium in the grey market, priced at ₹4 higher than the issue price.
Quality Power IPO GMP Today
As mentioned earlier, today’s Quality Power IPO GMP stands at ₹4, which is ₹16 lower than the previous day’s GMP of ₹20. The dip is attributed to a weak subscription response and negative market sentiment. The ongoing sell-off in the Indian stock market has impacted investor enthusiasm, causing the GMP to decline.
Subscription Breakdown
On day one, the IPO had the following subscription status:
- Retail segment: Subscribed 0.57 times
- Non-Institutional Investors (NII) segment: Subscribed 0.82 times
- Qualified Institutional Buyers (QIB) segment: Subscribed 0.54 times
Should You Apply?
Choice Broking has recommended a "Subscribe" rating for the IPO, citing the company’s strong position in the energy transition sector, with over two decades of experience and a wide product portfolio. The IPO’s valuation is attractive, with a price-to-sales multiple of 5.9x, which is lower than the peer average. The company is poised to benefit from the increasing demand for energy transition equipment, potentially leading to profitable business growth.
Reliance Securities also recommends subscribing to the IPO for the long term, praising Quality Power’s strong market position as an Indian producer of high-voltage power products. The company has a broad, diversified customer base of over 210 global clients, including several Fortune 500 companies, and is well-positioned for growth through strategic acquisitions, geographical expansion, and leadership in the energy transmission sector.
Conclusion
Based on the strong growth prospects and attractive valuation, both Choice Broking and Reliance Securities have recommended subscribing to the Quality Power IPO, especially for long-term investors. However, investors should carefully assess the market conditions and consult with experts before making any investment decisions.
Disclaimer: The views and recommendations above are from individual analysts or broking companies and not Mint. We advise investors to consult certified experts before making any investment decisions
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