QPOWER

** India's Quality Power Electrical Equipment QUAY.NS and DAM Capital Advisors DAMC.NS slide as much as 6.7% and 4.2%, respectively

** Lock-in period on 6% outstanding QUAY and DAMC shares expire, as per Nuvama

** QUAY down 23% vs 425 rupees IPO price (lists on Feb 24); DAMS down 22% vs 283 rupees after IPO price (lists on Dec 27)

** DAM Capital gets SEBI administrative warning on certain broking operations matters

** Lock-ins on 6 others expire, including Sanathan Textiles SNAT.NS, Northern ARC Capital NORR.NS, Samhi Hotels SAMH.NS

** SNAT down 3.2%, while NORR flat; other stocks up

** 72 lock-ins to expire from March 17 to May 30 but not all shares will be for sale as promoters hold sizeable stakes, Nuvama says

(Reporting by Vivek Kumar M)

(([email protected];))

** Shares of India's Quality Power Electrical Equipment QUAY.NS down 4.5% at 315 rupees

** Co over the weekend reported ~13% drop in Q3 gross profit, weighed by weaker demand for its equipment

** QUAY flagged variations of demand across businesses and delay in project execution in transmission sector

** Stock has lost 26% since listing on February 24

(Reporting by Sethuraman NR)

(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))

March 6 (Reuters) - Quality Power Electrical Equipments Ltd QUAY.NS:

• ACQUIRES MAJORITY STAKE IN MEHRU ELECTRICAL

• ACQUIRES 51% OF MEHRU FOR 1.20 BILLION RUPEES

Source text: ID:nBSE8Blm3C

Further company coverage: QUAY.NS

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** India's Quality Power Electrical Equipments QUAY.NS falls ~ 5% after making subdued debut

** QUAY shares opened at 430 rupees, a 1.2% premium to the IPO price, before giving up listing gains

** Power equipment maker's IPO consisted of fresh issue of shares worth 2.25 billion rupees ($25.96 million), offer for sale of up to 14.9 mln shares

** QUAY IPO was subscribed 1.3x

** Muted listing is justified in the current market scenario witnessing selling pressure in the broader market - Prashanth Tapse, analyst at Mehta Equities

** Benchmark Nifty 50 index .NSEI is down 1%, while small-cap .NIFSMCP100 is down 0.9% and mid-cap .NIFMDCP down 1.2%

($1 = 86.6850 Indian rupees)

(Reporting by Sethuraman NR in Bengaluru)

(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))