Quality Power Electrical Equipments IPO
Quality Power Electrical Equipments Limited (QPOWER) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 24 February 2025.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +0.9% (likely range -2% to +8%), day's high +5.2%, chance of a gain 51%. Actual: +1.2% at the open, +1.4% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 60,61,380 | 62,34,956 | 1.03x | |
| NII (HNI) total | 30,30,690 | 43,95,768 | 1.45x | |
| Big NII (above ₹10 lakh) | 20,20,460 | 35,98,608 | 1.78x | |
| Small NII (₹2-10 lakh) | 10,10,230 | 7,97,160 | 0.79x | |
| Retail | 20,20,460 | 37,00,606 | 1.83x | |
| Total | 1,11,12,530 | 1,43,31,330 | 1.29x |
Bids on NSE and BSE together, as published by NSE, as of 18 Feb 2025, 07:00 PM. Shares offered exclude the anchor portion. 23% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Quality Power Electrical Equipments's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Infibeam IncorporationMar 2016 | 0.86x | 2.23x | 1.31x | 1.11x | ₹1,148 Cr | +4.9% | +8.1% |
| Prudent Corporate Advisory ServicesMay 2022 | 1.26x | 0.99x | 1.29x | 1.22x | ₹539 Cr | +3.2% | +3.2% |
| S J S EnterprisesNov 2021 | 1.42x | 2.32x | 1.38x | 1.59x | ₹817 Cr | 0.0% | +1.7% |
| Suraksha DiagnosticDec 2024 | 1.74x | 1.41x | 0.95x | 1.27x | ₹846 Cr | -0.7% | +1.8% |
| CMS Info SystemsDec 2021 | 1.98x | 1.45x | 2.15x | 1.95x | ₹1,159 Cr | +1.9% | +20.2% |
| Rail Vikas NigamApr 2019 | 1.36x | 0.80x | 2.93x | 1.83x | ₹842 Cr | 0.0% | +4.2% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Pantomath Capital Advisors | 19 | +20.0% | 79% |
Offer documents (NSE)
Frequently asked
What is the Quality Power Electrical Equipments IPO price band and lot size? ₹401–425 per share, with a lot of 26 shares, so the smallest retail bid is ₹11,050.
How many times has it been subscribed? 1.29x overall: QIB 1.03x, NII 1.45x, retail 1.83x.
How did it list? It opened at ₹430, +1.2% against the issue price of ₹425, and closed its first day -8.7%.
