Quality Power Electrical Equipments
Mainboard₹11,050 / 26 Shares
IPO Live Subscription Details (times)
Bids below ₹10L: 0.79x
NII Total: 1.45
IPO Details
Quality Power Electrical Equipments IPO is priced between ₹401-425 per equity share, with a face value of ₹10 per share. The company's equity shares will be listed on the Mainboard, and Link Intime India Private Ltd is managing the issue as the registrar.
The IPO bidding period opened on 14 Feb, 2025, and closed on 18 Feb, 2025. The allotment results will be announced on 19 Feb, 2025, with a tentative listing date set for 24 Feb, 2025.
The total issue comprises Total ₹858.70 Cr :#Fresh Issue : 52,94,118 shares, amounting to ₹225.00 Cr.
Quality Power Electrical Equipments IPO Highlights
| IPO Date | Listing Date | Face Value | Price Band | Lot Size | Fresh Issue | Offer for Sale | Listing At |
|---|---|---|---|---|---|---|---|
| Feb 14, 2025 - Feb 18, 2025 | 24 Feb, 2025 | ₹10 Per Equity Share | ₹401-425 per equity share | 26 Shares | 52,94,118 Shares | 1,49,10,500 shares of ₹10 | BSE, NSE |
Quality Power Electrical Equipments IPO Timeline
Issue Price
₹401-425 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE, NSERegistrar
Link Intime India Private LtdMarket Lot
Retail: 26 Shares (₹11,050/-)S-HNI: 494 Shares (₹2,09,950/-)
B-HNI: 2,366 Shares (₹10,05,550/-)
Lead Manager
Pantomath Capital Advisors Pvt LtdIssue Size
Total ₹858.70 Cr :#Fresh Issue : 52,94,118 shares(aggregating up to ₹225.00 Cr) +
#OFS : 1,49,10,500 shares of ₹10(aggregating up to ₹633.70 Cr)
Retail Portion
10% (Number of Retail Applications: 77,710 Approx),(Number of S-HNI Applications : 2,045 Approx),(Number of B-HNI Applications : 4,090 Approx)Subscription
1.29 timesQuality Power Electrical Equipments IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 24 | 358.88 | 331.4 | 55.47 | 190.33 | - | 38.28 |
| 31 Mar 23 | 312.24 | 273.55 | 39.89 | 175.66 | - | 10.61 |
| 31 Mar 22 | 252.86 | 211.73 | 42.23 | 160.29 | - | 11.52 |
All values are in ₹ Cr.
Quality Power Electrical Equipments IPO Valuations
EPS PRE IPO ₹7.69/- | EPS POST IPO ₹12.93/- | PE PRE IPO 55.28 | PE POST IPO 32.86 | ROE 29.15% |
ROCE 19.20% | DEBT EQUITY 0.20 | RONW 29.15% | PAT MARGIN 16.74 | PRICE TO BOOK VALUE 16.11 |
About Company
Incorporated in 2001, Quality Power Electrical Equipments Limited is into the business of energy transition equipment and power technologies.
The company is high-voltage electrical equipment and solutions for grid connectivity and energy transition. They specialize in the power products sectors in generation, transmission, distribution, and automation.
It makes critical high-voltage equipment for High Voltage Direct Current (HVDC) and Flexible AC Transmission Systems (FACTS) networks, which are used to transform energy from renewable sources into power grids.
With more than 20 years of experience, the company provides reactors, transformers, converters, and grid interconnection solutions worldwide.
The company has manufacturing facilities in Sangli, Maharashtra, and Aluva, Kerala. In 2011, it acquired 51% of Endoks, a Turkey-based subsidiary with design, assembly, and project management capabilities.
As of March 31,2024, the company has 210 customers, including power utilities, power industries, and renewable energy entities.
As of March 31,2024, the company has 163 full-time employees and 372 contractual workers.
Quality Power Electrical Equipments IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 60,61,380 | 30,30,690 20,20,460 10,10,230 | 20,20,460 | 1,11,12,530 |
| Day 1 - 14-02-25 05:00 PM | 0.54 x | 0.82 1.16 x 0.15 x | 0.57 x | 0.62 x |
| Day 2 - 17-02-25 05:00 PM | 0.62 x | 1.10 1.48 x 0.33 x | 1.07 x | 0.83 x |
| Day 3 - 18-02-25 05:00 PM | 1.03 x | 1.45 1.78 x 0.79 x | 1.83 x | 1.29 x |
Retail:1.29x
BHNI:0.22x
SHNI:0.71x times
Quality Power Electrical Equipments IPO - Issue Objectives
- Payment of the purchase consideration for the acquisition of Mehru Electrical and Mechanical Engineers Private Limited
- Funding capital expenditure requirements of the Company for purchase plant and machinery
- Funding inorganic growth through unidentified acquisitions and other strategic initiatives
- General Corporate Purposes.
- The Company will not receive any proceeds from the Offer for Sale and the proceeds received from the Offer for Sale will not form part of the Net Proceeds.
Quality Power Electrical Equipments
Plot No. L-61,, M.I.D.C, Kupwad Block, Sangli – 416 436Phone: + 91 233 264 543
Email: investorgrievance@qualitypower.co.in
Website: http://www.qualitypower.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: qualitypower.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html