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Quality Power IPO Day 3 Highlights: Issue booked 1.29x. Check GMP, key dates, review, subscription status

The article from LiveMint discusses the ongoing IPO of Quality Power Electricals Limited, which is on its third day of subscription. As of the latest update, the IPO has been subscribed 83% overall, with retail investors showing significant interest by subscribing 1.37 times, while the Non-Institutional Investors (NII) category was subscribed at 33%. The IPO, which opened on January 23, 2024, and will close on January 25, 2024, aims to raise funds for working capital, general corporate purposes, and issue expenses. The price band for the shares is set between ₹128 to ₹135. The company, involved in the manufacturing of electrical equipment, has seen a grey market premium (GMP) indicating a listing price of around ₹150, suggesting a potential listing gain. The IPO has received positive reviews from analysts, citing the company's strong financial performance and growth potential in the electrical equipment sector.

Read the Full Mint Article at:
[ https://www.livemint.com/market/ipo/quality-power-ipo-day-3-live-updates-issue-booked-83-so-far-check-quality-power-electrical-ipo-gmp-trends-review-11739847786416.html ]