Mumbai, Feb. 19 -- The initial public offer (IPO) of Quality Power Electrical Equipments received 1,43,31,330 bids for shares as against 1,11,12,530 shares. The issue was subscribed 1.29 times.

The Retail Individual Investors (RIIs) category was subscribed 1.83 times. The Non-Institutional Investors (NIIs) category was subscribed 1.45 times. The Qualified Institutional Buyers (QIBs) category was subscribed 1.03 times.

The issue opened for bidding on 14 February 2025 and it closed on 18 February 2025. The price band of the IPO was fixed between Rs 401 to 425 per share. An investor can bid for a minimum of 26 equity shares and in multiples thereof.

The issue comprised both an offer for sale (OFS) and a fresh issue of equity shares. The O...