Quality Power Electrical Equipments Limited IPO

Mainboard Allotment Out

Offer Date: Feb 14, 2025 - Feb 18, 2025

₹ 11050 /26 Shares

Check Allotment

Quality Power Electrical Equipments IPO Live Subscription Details

Date

18 Feb 2025,05:00:00 PM

QIBs

1.03

NII

Bids above ₹10L: 1.78x
Bids below ₹10L: 0.79x
NII Total: 1.45

Retail

1.83x

Total

1.29 times

Quality Power Electrical Equipments IPO Details

14 Feb, 2025

Open Date

18 Feb, 2025

Close Date

19 Feb, 2025

Allotment Date

24 Feb, 2025

Listing Date

Issue Price

₹401-425 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Link Intime India Private Ltd

Market 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 Ltd

Issue 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 times

IPO Docs

DRHP RHP ANCHOR

The IPO of Quality Power Electrical Equipments is priced at ₹401-425 per equity share, which has a face value of ₹10 Per Equity Share each. The company shall list its equity shares on BSE, NSE. Link Intime India Private Ltd is the registrar of the issue.

Quality Power Electrical Equipments IPO bid opening date is from Feb 14, 2025 and the bid closing date was Feb 18, 2025.
Quality Power Electrical Equipments IPO allotment result will be available on Feb 19, 2025. The tentative listing date for Quality Power Electrical Equipments is Feb 24, 2025.

The total issue size is 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).

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

Total No. of Applications: 1,20,178 (Approx)

Quality Power Electrical Equipments Valuations

EPS Pre IPO

₹7.69/-

EPS Post IPO

₹12.93/-

P/E Pre IPO

55.28

P/E 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

Quality Power Electrical Equipments Company Financials All values are in ₹ Cr.

	31-Mar-24	31-Mar-23	31-Mar-22
Assets	358.88	312.24	252.86
Revenue	331.4	273.55	211.73
Profit After Tax	55.47	39.89	42.23
Net Worth	190.33	175.66	160.29
Total Borrowing	38.28	10.61	11.52

About The 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 - Promoter(s)

Pre Issue Share Holding: 100%

Post Issue Share Holding: 73.91%

Company Promoter(s)

Thalavaidurai Pandyan
Chitra Pandyan
Bharanidharan Pandyan
Pandyan Family Trust

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 IPO - Anchor Investors

Quality Power IPO: Firm mobilises over Rs 386 crore via anchor book.

Marquee institutional investors including LIC Mutual Fund, Bank of India Mutual Fund, Maybank Securities, Ashish Kacholia-owned Bengal Finance & Investments, India Inflection Opportunity Fund, Kotak Iconic Fund, Mint Focussed Growth Fund, Bharat Value Fund, SBI General Insurance Company, Steptrade Revolution Fund, Benani Capital Scheme, Universal Sompo General Insurance Company, and IMAP India Capital Investment Trust invested in the company via anchor book.

Other Details

Company Contact Details

Quality Power Electrical Equipments

Plot No. L-61,, M.I.D.C, Kupwad Block, Sangli – 416 436

Phone: + 91 233 264 543

Email: investorgrievance@qualitypower.co.in

Website: http://www.qualitypower.com/

Registrar Contact Details

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

Quality Power Electrical Equipments IPO - FAQs

Ans. Quality Power Electrical Equipments Limited IPO is a Mainboard IPO. The issue is priced at ₹401-425 per equity share. The minimum order quantity is 26 Shares. The IPO opens on Feb 14, 2025, and closes on Feb 18, 2025. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The Quality Power Electrical Equipments Limited IPO opens on Feb 14, 2025 and closes on Feb 18, 2025.

Ans. The size of Quality Power Electrical Equipments Limited IPO is 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).

Ans. The IPO price band is set between ₹401-425 per equity share.

Ans. To apply for Quality Power Electrical Equipments Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Quality Power Electrical Equipments Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Quality Power Electrical Equipments Limited IPO is Feb 19, 2025.

Ans. The Quality Power Electrical Equipments Limited IPO will be listed on Feb 24, 2025.

Ans. Follow the steps to check the allotment status for Quality Power Electrical Equipments Limited IPO here.