Quality Power IPO, Feb. 11 -- The initial public offering (IPO) of critical high voltage equipment manufacturer Quality Power Electrical Equipments Ltd is set to hit Dalal Street this week. The mainboard IPO comes amid weakness in the secondary market, with the benchmark indices, Sensex and Nifty 50, having declined significantly from their peaks.

The Indian stock market is witnessing heavy selling pressure from foreign portfolio investors (FPI) amid global geopolitical uncertainties and concerns over domestic economic growth.

Quality Power IPO will open for public subscription on Friday, February 14, and will close on Tuesday, February 18. The company plans to raise Rs.858.70 crore from the primary market.

Quality Power IPO is a book-...