Quality Power makes lacklustre D-Street debut; shares list at 1% premium

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Quality Power makes lacklustre D-Street debut; shares list at 1% premium - Business Standard

Quick Summary:

Quality Power shares listed at Rs 432.

The company provides high-voltage electrical equipment and solutions for grid connectivity and energy transition, specialising in power products across generation, transmission, distribution, and automation sectors.

Quality Power's IPO received a lackluster response from investors, with the offering being oversubscribed by 1.29 times by the end of the subscription period, riding on the back of the Retail Individual Investors (RIIs), who oversubscribed to 1.83 times the quota reserved for them, according to data available on the BSE.