IPO GMP Live: Quality Power Subscription Day 3, Hexaware Allotment Update – Check Price Band, GMP, Listing Dates & More

IPO GMP News: Latest Updates (February 18) Today is a very busy day for IPO investors. In the midst of the excitement around two SME IPOs, today’s focus will be on Quality Power and Hexaware. While Quality Power enters its final day of subscriptions today, bidders will also be checking the progress of Hexaware’s IPO allotment. Stay tuned for the latest IPO news today.

Quality Power Day 3 GMP Live: How to Apply for the Quality Power IPO with Zerodha

Zerodha customers can apply for the Quality Power IPO online using UPI as a payment gateway. To apply, they need to log in to Zerodha Console (back office) and submit the IPO application form.
Steps to apply for Quality Power IPO through Zerodha:
Visit the Zerodha website and log in to your Console.
Go to the Portfolio section and click on the IPOs link.
Locate the Quality Power IPO row and click the Bid button.
Enter your UPI ID, Quantity, and Price.
Submit the IPO application form.
Open your UPI App (net banking or BHIM) to approve the mandate.

Quality Power Day 3 GMP Live: Quality Power’s Key Strengths

The firm is a worldwide participant in the energy transition and power technology sectors, servicing a diverse variety of industries and well-positioned to benefit from the global move toward decarbonization and renewable energy adoption. It has an established track record of growth and solid financial success, and its client base is diverse, including worldwide organizations with long-term ties.

The firm has a diverse product portfolio in the energy transition equipment and power technologies sectors, both in India and globally, with strong trade barriers preserving its market position. It has also had a good track record of smart acquisitions, which have increased its order book and contributed to its development.

Furthermore, the organization has significant R&D skills, allowing it to provide future-ready products. The executive team has extensive domain knowledge, which enhances the company’s capacity to innovate and develop in the energy sector.

Quality Power Day 3 GMP Live: Learn about their product line and power products.

Reactors, line traps, transformers, instrument transformers, line tuners, capacitor banks with metal enclosures, and composite materials.
Power quality systems include static VAR compensators (SVCs), STATCOMs, harmonic filters, capacitor banks, and shunt reactors.
As of March 31, 2024, the firm employed 163 full-time employees and 372 contract workers.

Quality Power Day 3 GMP Live: Key Insights & Company Overview

Company Profile
Founded in 2001, Quality Power Electrical Equipments Limited is a leading provider of energy transition equipment and power technologies. The company specializes in high-voltage electrical solutions, serving the power generation, transmission, distribution, and automation sectors.

Quality Power manufactures critical high-voltage equipment for High Voltage Direct Current (HVDC) and Flexible AC Transmission Systems (FACTS) networks, enabling efficient renewable energy integration into power grids. With over two decades of industry expertise, its product portfolio includes reactors, transformers, converters, and grid interconnection solutions for global clients.

The company operates manufacturing facilities in Sangli, Maharashtra, and Aluva, Kerala. In 2011, it expanded its capabilities by acquiring a 51% stake in Endoks, a Turkey-based firm specializing in design, assembly, and project management.

As of March 31, 2024, Quality Power has a customer base of 210, including power utilities, industrial power consumers, and renewable energy firms.

Quality Power Day 3 GMP Live: What is the pricing range for Quality Power IPO?

The Quality Power IPO has a price range of Rs 401 to Rs 425 per share, with a minimum application lot size of 26 shares. Retail investors must spend at least Rs 10,426, but to avoid oversubscription concerns, bidding at the cutoff price of about Rs 11,050 is recommended. The minimum investment for small non-institutional investors (sNII) is 19 lots (494 shares), which amounts to Rs 2,09,950. Meanwhile, large non-institutional investors (bNII) must bid for at least 91 lots (2,366 shares) for Rs 10,05,550.

Quality Power Day 3 GMP Live: The last day of the Quality Power IPO begins.

The Quality Power IPO is a book-built issuance for Rs 858.70 crore. It includes a new issuance of 0.53 crore shares worth Rs 225.00 crore and an offer for sale of 1.49 crore shares worth Rs 633.70 crore. The bidding for the Quality Power IPO began on February 14, 2025 and will end on February 18, 2025. The allocation procedure is slated to conclude on Wednesday, February 19, 2025. The IPO is planned to debut on the BSE and NSE on Friday, February 21, 2025.

IPO GMP Live: Hello.
It’s an exciting day for IPO investors, plenty of activity. With the hype around two SME IPOs, all eyes are on Quality Power and Hexaware’s public offerings. Today is the penultimate day to subscribe to Quality Power, while investors await the allotment status of the Hexaware IPO. Stay tuned for the most recent information on IPO developments.

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IPO GMP Live: Quality Power Subscription Day 3, Hexaware Allotment Update – Check Price Band, GMP, Listing Dates & More