India News Get -businessQuality Power Electrical Equipments IPO; Prix band, criticism, updating of allocation details
Quality Power Electrical Equipments Limited Public Offer of Limited, that is to say that the IPO opened its doors today. Investors can make auctions for this issue by February 18. On February 21, the company’s shares will be listed in Bombay Stock Exchange (BSE) and on the National Stock Exchange (NSE).
Thanks to this problem, the company wishes to increase the total of 858.70 crores. For this, current investors of quality power electrical equipment sell 1.49,10,500 shares offers for 633.70 ₹ thanks to the offer for sale. At the same time, the company will issue 52 94 118 NEW starts from 225 sterling books for the IPO.
How much money can you spend minimum and maximum?
Quality power electrical equipment has set the price strip of the IPO from 401 to 425 ₹. Retail investors can make auction for a minimum for many 26 shares. If you request 1 batch of the higher price strip of the IPO ₹ 425, you must invest 11,050 ₹.
At the same time, retail investors can request a maximum of 18 lots, or 468 shares. For this, investors will have to invest 1,98,900 ₹ according to the higher price strip.
10% of the problem reserved for retail investors
The company has reserved 75% of the IPO for qualified institutional buyers (QIB). Apart from this, a share of 10% is reserved for non -institutional investors (NII).
The quality of Electric Electrical Quality Limited took place in 2001
Quality Power Electrical Equipment Limited was created in 2001, which has expertise in the supply of electrical products and solution in the electricity, transmission, distribution and automation production sectors. At the same time, a large scale also provides equipment and a solution prepared for applications such as applications.
The promoters of the company are Thalwadeerai Pandian, Chitra Pandian, Bharanidharan Pandian and Pandian Family Trust. The competitors listed by quality power electrical equipment include companies like Transformers and Rectifiquyers (India), Hitachi Energy India and Ge Vernova T&D India.
What is the IPO?
When a company publishes its actions for the ordinary people for the first time, it is called the initial public offer, that is to say the IPO. The company needs money to increase business. In such a situation, instead of contracting loans on the market, the company collects funds by selling actions to the public or by issuing a new action. For this, the company brings the IPO.