The recent Quality Power IPO opened its doors for subscriptions from February 14 to February 18, creating a buzz among investors. After a brief yet intense bidding period, the allotment of shares is set to be completed today, February 19. If you participated in this exciting opportunity, you can now check the status of your allotment online with ease.
How to Check Allotment Status
Investors eager to discover their allotment can utilize several platforms including BSE, NSE, and Link Intime, the official registrar. Here’s a straightforward guide to assist you in checking your allotment status.
Steps to Verify on BSE
- Navigate to the BSE IPO application check page.
- Select ‘Equity’ as the Issue Type.
- From the dropdown, opt for ‘Quality Power Electrical Equipments Limited’.
- Input your Application Number or PAN.
- Confirm you’re human by ticking ‘I am not a robot’ and hit Search.
Steps to Verify on NSE
- Head over to the NSE Application Status page.
- Choose ‘Equity and SME IPO bid details’.
- Select ‘Quality Power’ from the list.
- Enter your Application Number and PAN.
- Click Submit to view your allotment status.
Steps to Verify via Link Intime
- Go to the Link Intime IPO page.
- Select ‘Quality Power Electrical Equipments Limited’ from the dropdown menu.
- You can check using any of these: PAN, Application Number, DP ID, or Account Number.
- Fill in the necessary details and click Search.
Quality Power IPO: Grey Market Premium Insight
Currently, the grey market premium for the Quality Power IPO stands at Rs 0 per share. This indicates that the anticipated listing price will likely align with the IPO issue price of Rs 425 per share.
Quality Power IPO: Subscription and Listing Timeline
The Quality Power IPO was open for public subscription from February 14 to February 18. Following the allotment process, shares are expected to debut on the Indian stock exchanges on February 21. The price band for this IPO was set between Rs 401 and Rs 425, with a total fundraising goal reaching Rs 858.70 crore. This includes a fresh issue of 52.94 lakh shares raising Rs 225 crore, alongside an OFS of 1.49 crore shares valued at Rs 633.70 crore.
Quality Power IPO: Subscription Breakdown
On the final day of bidding, the IPO achieved an overall subscription rate of 1.29 times. Here’s how the different categories fared:
- Retail Portion: Subscribed 1.82 times
- Qualified Institutional Buyers (QIB): Subscribed 1.03 times
- Non-Institutional Investors (NII): Subscribed 1.45 times
Key Players Involved in the Quality Power IPO
The leading entity managing this significant issue is Pantomath Capital Advisors, while Link Intime serves as the registrar for this IPO.
If you’re among the investors who joined this venture, now is the time to check your allotment status and prepare for the upcoming stock listing!
