Quality Power Electrical Equipments Ltd. makes a strong debut on the bourses with scrip got listed at Rs 432.05 on the Bombay Stock Exchange, a 1.65 per cent premium to its issue price of Rs 425.00. On the National Stock Exchange, the stock was listed at Rs 430.00.
The company, which raised 2.02 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 202.05 lakhs shares.
The company, listed under B Group Securities post its IPO, opened for subscription from Feb 14 to Feb 18.
Following a strong opening, the scrip touched an intraday high of Rs [BSEHighPrice] and a low of Rs [NSEHighPrice], before closing the session [UpDown] by [ChangePer] per cent to its listing price at Rs [ClosingPriceBSE] on the BSE.
The company anticipates using the proceeds of the issue for .
Pantomath Capital Advisors Pvt. Ltd. as lead managers & MUFG Intime India Pvt. Ltd. is the registrar, to the issue.
Meanwhile, the broader benchmark BSE Sensex closed trade at 75,311.06, down 424.90 points, or 0.56 per cent.