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Quality Power IPO: Unlisted shares of Quality Power Electrical Equipments Limited are currently trading in zero GMP till 5:00 pm on February 17, suggesting negative listing on 21 February, tentative listing date.
Quality Power IPO.
Quality Power IPO: The initial public offering of Quality Power Electrical Equipments Limited, which was opened for public membership on Friday, has so far received a subdored investor interest. On the second day of bidding on Monday till 5:00 pm, IPO of 858.70-crores of rupees received a bids of 0.83 times for 92,29,168 shares, against 1,11,12,530 shares on the proposal.
So far, the retail category has been subscribed by 1.07 times membership, while NII has received 1.1 times membership. The QIB category got 0.62 times membership.
The three -day IPO will close on Tuesday, February 18. The price of IPO has been fixed from Rs 401 to Rs 425.
Quality Power IPO GMP
According to market supervisors, unrestaded shares of Quality Power Electrical Equipments Limited are currently trading in zero GMP till 5:00 pm on February 17, suggesting negative listing on 21 February, tentative listing date.
In the morning, the stocks were trading in the gray market for Rs 430, which was only 1.18 percent premium at the upper IPO price of Rs 425.
GMP is based on market sentiments and changes. The ‘gray market premium’ indicates the readiness to investors to pay more than the problem price.
Quality Power IPO Major Dates
The quality power IPO is open to public membership between 14 February to 18 February. Its allocation will be finalized on February 19, while its listing will be on both BSE and NSE on 21 February.
Quality power IPO price and very size
Its value has been fixed at Rs 425 to Rs 425 per share. For retail investors, the minimum size for an application is 26. Therefore, the minimum amount of investment required by retail investors is Rs 10,426.
The minimum lot of lot size investment for small NIIs is 19 lots (494 shares), which is Rs 2,09,950; And for Big NII, it is 91 lots (2,366 shares), which is Rs 10,05,550.
Hexware Technologies IPO Kota
The company has reserved half of the issue for qualified institutional buyers, 35 percent for retail investors and remaining 15 percent for non-institutional investors.
Hexware Technologies IPO: More details
At the upper-end of the price band, the company costs more than Rs 43,000 crore.
The initial share-selling company of the Mumbai headquarters is a full proposal of Rs 8,750 crore by Promoter CA Magnum Holdings.
Currently, CA Magnum Holdings has a 95.03 percent stake in the IT company.
Since the entire issue is OFS, all income from the IPO will go directly to the shareholder selling instead of the company.
Next to the IPO, Hexware Technologies Limited. 2,598 crores from anchor investors.
Hexware Technologies at its core is a global digital and technology service company with Artificial Intelligence (AI) and a diverse category of customers including 31 of Fortune 500 organizations. It serves customers in America, Europe and Asia-Pacific (including India and Middle East).
For the nine months ending September 2024, the net profit of the company was Rs 853.3 crore and revenue was Rs 8,820 crore.
Kotak Mahindra Capital Company Limited, Citigroup Global Markets India Private Limited, JP Morgan India Private Limited, HSBC Securities and Capital Markets (India) Private Limited and IIFL Securities Limited are responsible for the book-ringing lead manager responsible for the management of the company.
