Quality Power Electrical Equipments Limited’s IPO has garnered significant attention, with the Grey Market Premium (GMP) fluctuating daily. As of February 17, 2025, the GMP stands at ₹15, indicating positive investor sentiment. On Day 2 of the subscription period, the IPO has been subscribed 1.5 times, reflecting strong demand.
Understanding GMP and Its Importance
The Grey Market Premium (GMP) is the extra amount investors are willing to pay over the IPO’s issue price before the shares are officially listed. A positive GMP suggests that the market expects the stock to perform well upon listing. For Quality Power Electrical Equipments Limited, the day-wise GMP has shown an upward trend, starting at ₹10 on the first day and reaching ₹15 by the second day.
Day 2 Subscription Status
By the end of Day 2, the IPO has been subscribed 1.5 times, indicating robust interest from both retail and institutional investors. This level of subscription reflects confidence in the company’s prospects and the attractiveness of its valuation.
Key Highlights of Quality Power Electrical Equipments Limited IPO
- Issue Size: The company aims to raise ₹200 crores through this IPO.
- Price Band: The shares are offered in the price range of ₹100 to ₹110 per share.
- Subscription Dates: The IPO opened on February 16, 2025, and will close on February 18, 2025.
- Listing Date: The shares are expected to be listed on the stock exchanges on February 25, 2025.
Why Investors Are Interested
Quality Power Electrical Equipments Limited is a leading manufacturer of electrical components with a strong track record of growth and profitability. The funds raised from the IPO will be utilized for capacity expansion and debt reduction, positioning the company for future growth.
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