Quality Power Share price made its debut in the stock market on 24th February 2025. Quality Power Electrical Equipment Ltd was in the news because of the IPO launch. And after the launch, it seems to be trading at a 2% premium.
Quality Power Share Price in Today’s Market
As mentioned previously the shares launched in the stock market today and it opened at Rs 432.05 on BSE. This is 1.66% premium over the IPO price. On the other hand, the stock opened at Rs 430 per share on NSE, which is a 1.18% premium. Because the IPO price was Rs 425 per share.
Company Financials
The Quality Power IPO was priced between Rs 401 and Rs 425. The total issue size was Rs 858.70 Crore. Out of which Rs 225 Crore was fresh and Rs 633.70 crore was for sale. The fund will be utilized for strategic acquisitions and capital expenditure. The current Market capitalization of the company stands around Rs 3578 Crore.
Recent News about the Company
Quality Power Share Prices have been in the spotlight for the past few days. The company is a significant name in high-voltage electrical equipment and power technologies. The recent IPO launched received a moderate response from the investors as the total subscription was 1.29 times, which was mainly by retail and non-institutional investors.
Recommendation on Buy or Sell
Those who participated in IPO and have been allotted shares are advised to HOLD for longer as the company could provide good returns in the long term. On the other hand in short-term volatility is predicted in the market so those who are not willing to hold for a long time should avoid these shares.
