Mumbai, Feb. 14 -- The initial public offer (IPO) of Quality Power Electrical Equipments received 69,24,658 bids for shares as against 1,11,12,530 shares on offer, according to stock exchange data at 17:00 IST on Friday (14 February 2025). The issue was subscribed 0.62 times.

The issue opened for bidding on 14 February 2025 and it will close 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 comprises both an offer for sale (OFS) and a fresh issue of equity shares. The OFS comprises sales of 14.91 crore equity shares by Chitra Pandyan, one of its promoters. The fresh issue comprises the issue of fresh equity s...