Quality Power IPO Allotment Status News: When, where and how to check Quality Power status - details here

The Swasth Foodtech India Ltd IPO is set to open for subscription on Thursday, February 20, and will close on Monday, February 24. The IPO price band has been set at Rs 94 per equity share, with a face value of Rs 10 each. Investors can place bids for a minimum of 1,200 equity shares and in multiples of 1,200 thereafter. Swasth Foodtech India Limited specialises in processing rice bran oil, which it supplies to oil manufacturers and packers. The company offers multiple grades of rice bran oil, known for being rich in Vitamin E and Oryzanol. This oil provides heart health benefits, has a high smoke point, and features a neutral taste, making it a versatile option for cooking.

• The Quality Power IPO saw a total subscription of 1.29 times. The issue was subscribed 1.83 times in the Retail Individual Investors (RIIs) category and 1.45 times in the Non-Institutional Investors category. Meanwhile, the Qualified Institutional Buyers (QIBs) segment recorded a subscription of 1.03 times.
• Pantomath Capital Advisors Pvt Ltd served as the book-running lead manager for the IPO, while Link Intime India Private Ltd acted as the registrar.

Quality Power IPO Allotment News: The price band for the Quality Power IPO was set between Rs 401 and Rs 425 per share. Through the book-built issue, the company raised a total of Rs 858.70 crore. This included a fresh issue of 52.94 lakh equity shares, valued at Rs 225 crore, along with an offer-for-sale (OFS) of 1.49 crore shares, amounting to Rs 633.70 crore.

• Step 1: Visit the IPO registrar's website using this link: Link Intime IPO Allotment.
• Step 2: Select ‘Quality Power Electrical Equipments Limited’ from the Select Company dropdown menu.
• Step 3: Choose an identification option: PAN, Application Number, DP ID, or Account Number.
• Step 4: Enter the required details based on the selected option.
• Step 5: Click on ‘Search’ to proceed.
• Step 6: Your Quality Power IPO allotment status will be displayed on the screen.

• Step 1: Visit the BSE website using this link: BSE Allotment Status.
• Step 2: Select ‘Equity’ under the Issue Type dropdown.
• Step 3: Choose ‘Quality Power Electrical Equipments Limited’ from the Issue Name dropdown.
• Step 4: Enter either your Application Number or PAN.
• Step 5: Tick the checkbox for ‘I am not a robot’ and click ‘Search’.
• Step 6: Your Quality Power IPO allotment status will be displayed on the screen.

The IPO of Quality Power Electrical Equipments Ltd received a subdued response from investors. With the bidding period concluded, focus has now shifted to the allotment process. The public issue remained open from February 14 to 18, and the allotment is likely to be finalized today, February 19. The company's shares are expected to list on the BSE and NSE on February 21.

• Hexaware Technologies Stock Price: Hexaware Technologies reported a revenue of Rs 8,820 crore for the nine months ending September 30, 2024, marking an increase from Rs 7,764.30 crore during the same period the previous year.
• The company's total expenses for this period rose to Rs 7,728 crore, compared to Rs 6,734 crore in the corresponding period last year.
• Profit attributable to the company's shareholders for the nine-month period stood at Rs 857.5 crore, up from Rs 804.8 crore in the same timeframe the previous year.

Hexaware Technologies Stock Price: The grey market operates unofficially and is highly speculative, making GMP volatile and unreliable. Prices can be manipulated by speculative trading, leading to misleading expectations about listing gains. Additionally, GMP does not reflect a company's fundamentals, long-term growth potential, or broader market conditions. Investors should conduct thorough research, analyze financials, and consider expert opinions before making investment decisions. Relying solely on GMP can lead to financial losses and poor investment choices.

Hexaware Technologies Stock Price: Listing ceremony to begin soon

Hexaware Technologies Stock Price: Kfin Technologies is serving as the registrar for the IPO, while the book-running lead managers for the offering include Kotak Mahindra Capital Company, Citigroup Global Markets India, J.P. Morgan India, HSBC Securities & Capital Markets, and IIFL Securities.

Hexaware Technologies Stock Price: Hexaware Technologies shares will participate in the Special Pre-Open Session (SPOS) on Wednesday, February 19, 2025, with trading set to commence at 10:00 AM.

Hexaware Technologies Stock Price: “Trading Members of the Exchange are hereby informed that effective from Wednesday, February 19, 2025, the equity shares of Hexaware Technologies Limited shall be listed and admitted to dealings on the Exchange in the list of ‘B’ Group of Securities,” a notice on the BSE said.

• Hexaware Technologies Stock Price: In the SME segment, Voler Car, PS Raj Steels, and Maxvolt Energy Industries are set to debut on the NSE Emerge today. According to market observers, their IPO shares were trading at a modest premium of 2-5 percent in the grey market.
• Voler Car’s IPO, which closed on February 14, saw a strong subscription of 12.38 times, while PS Raj Steels and Maxvolt Energy Industries were subscribed 9.2 times and 3.07 times, respectively.
• Voler Car, a provider of employee transportation services, raised Rs 27 crore through its IPO. PS Raj Steels, specializing in stainless steel pipes and tubes, secured Rs 28.28 crore, while Maxvolt Energy Industries, a lithium-ion battery manufacturer, garnered Rs 54 crore.

Hexaware Technologies Stock Price: "Hexaware Technologies' IPO received a tepid response, mainly because it was a complete offer-for-sale (OFS), with promoters and existing investors divesting shares at high valuations," said Anshul Jain, Head of Research at Lakshmishree Investments. He noted that the weak demand is evident from the low grey market premium, signaling the possibility of a lackluster debut and potential downside after listing.

• Hexaware Technologies Stock Price: In the grey market—an unofficial platform for trading IPO shares before listing—Hexaware Technologies, backed by US private equity giant Carlyle, is failing to attract any premium, according to market observers. Investors often rely on grey market premiums to gauge the potential listing price.
• Experts suggest that the lack of enthusiasm from grey market investors could be attributed to several factors, including the IPO being entirely an offer-for-sale with no fresh issue component, persistent weakness in the IT sector since mid-December 2024, and overall subdued market sentiment.
• Since hitting a record high in mid-December 2024, the Nifty IT index has dropped by 12 percent, while the benchmark Nifty 50 has declined 13.5 percent from its peak at the end of September 2024.

Hexaware Technologies Stock Price: Hexaware Technologies' IPO saw an overall subscription of 2.66 times. Within this, the retail investor segment was subscribed 11%, while the Non-Institutional Investors (NII) category reached 20%. Meanwhile, the Qualified Institutional Buyers (QIBs) segment saw a higher subscription rate of 9.09 times.

Hexaware Technologies Stock Price: The price band for Hexaware Technologies' IPO was set at Rs 708 per share. At the upper limit, the company secured Rs 8,750 crore through its mainboard IPO, which was exclusively an offer for sale of 12.36 crore equity shares.

Hexaware Technologies Stock Price: Hexaware Technologies' IPO is valued at a price-to-earnings (P/E) ratio of 43.1x at the upper price band, based on CY23 earnings—positioning it lower than its industry peers. Given this, Abishek Pandya of Stoxbox advises investors who have been allotted shares to retain their holdings with a medium to long-term outlook.

"Investor interest in Hexaware Technologies Limited has been relatively subdued, with its IPO receiving a subscription of 2.66 times. The stock is anticipated to have a lackluster debut today. According to Abhishek Pandya, Research Analyst at StoxBox, the grey market premium (GMP) for Hexaware Technologies has vanished entirely, reflecting weak demand for the offering and broader market concerns."

Good morning and welcome to Moneycontrol.com. Hexaware Technologies is making its way back to Dalal Street with India's largest IT public offering today. The company's shares are set to be listed at 10:00 AM. Although the current grey market premium indicates a subdued debut, experts believe the IT firm's stock holds strong potential for long-term gains. So, what’s the best move for investors today? Stay tuned as we provide real-time updates on Hexaware Technologies' listing, future outlook, and market sentiment.