High quality Energy Share Value & IPO Itemizing Reside Updates: Itemizing date in focus, LIC MF picked 18.82 lakh shares

High quality Energy Electrical Equipments IPO itemizing at this time, High quality Energy share worth at this time reside information & updates February 21, 2025: Test right here for all of the updates on itemizing, subscription standing, IPO allotment standing, GMP, worth band and different particulars for High quality Energy Electrical Equipments IPO.

When High quality Energy Electrical Equipments IPO opened?

High quality Energy Electrical Tools’ IPO opened on February 14 and concluded on February 18.

What was the IPO worth?

The ₹859-crore IPO opened with a worth band of ₹401-425 per share for the IPO

Subscription and Allotment:

High quality Energy IPO acquired a subscription of 1.29 occasions on the final day. The class for retail particular person buyers (RIIs) garnered 1.83 occasions subscription whereas the quota for non-institutional buyers bought subscribed 1.45 occasions. The portion for certified institutional patrons (QIBs) fetched 1.03 occasions subscription.

Use of funds:

Proceeds from the contemporary challenge can be utilised for the acquisition of Mehru Electrical and Mechanical Engineers, funding capital expenditure necessities for buying plant and equipment.

In addition to, the corporate will use the funds for inorganic progress via unidentified acquisitions and different strategic initiatives and common company functions.

Concerning the firm:

High quality Energy Electrical Equipments is a number one supplier of high-voltage electrical gear and options for electrical grid connectivity and vitality transition.