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Quality Power Electrical, an energy equipment firm, made a modest stock market debut, raising Rs 858.70 crore.
Quality Power Electrical Equipments made a subdued debut on the stock exchanges, listing at Rs 432.05, a slight discount to its IPO price of Rs 425 per share.
The company raised Rs 858.70 crore from its IPO, which was only 1.29 times subscribed.
Despite the lukewarm reception, Quality Power, which provides high-voltage electrical equipment and energy transition solutions, sees potential in growing power infrastructure sectors.
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Quality Power Electrical, una empresa de equipos de energía, hizo un modesto debut en el mercado de valores, elevando Rs 858,70 crore.