Quality Power IPO Opens: Key Details, GMP, and Should You Invest?
The much-anticipated Quality Power IPO has officially launched in the Indian primary market and will remain open for subscription until 5:00 PM on February 18, 2025. The energy company has set a price band of ₹401 to ₹425 per share, with a goal of raising ₹858.70 crore through a combination of fresh shares and an Offer for Sale (OFS).
Quality Power IPO – Quick Facts
✔ GMP (Grey Market Premium): Shares are currently trading at a premium of ₹27 in the grey market.
✔ IPO Subscription Period: Opens today and closes on February 18, 2025.
✔ Price Band: ₹401 - ₹425 per share.
✔ Issue Size: ₹858.70 crore, with ₹225 crore from fresh shares and ₹633.70 crore via OFS.
✔ Lot Size: Minimum investment requires one lot of 26 shares, amounting to ₹11,050 at the upper price band.
✔ Allotment Date: Tentatively set for February 19, 2025.
✔ Registrar: Link Intime India Private Limited.
✔ Lead Manager: Pantomath Capital Advisors.
With a market capitalization of ₹3,291.38 crore, Quality Power’s IPO has attracted significant investor interest. Should you apply? Investors should consider the company's growth potential, financials, and market trends before making a decision.