Quality Power Electrical Equipments Ltd. was incorporated on September 20, 2001. The company provides high-voltage electrical equipment and solutions for grid connectivity and energy transition. Driven by technology, it specializes in power products across generation, transmission, distribution, and automation, including tailored solutions for large-scale renewables.
| Bidding Dates |
|---|
| 14 Feb 2025 - 18 Feb 2025 |
| Subscription |
|---|
| 1.29x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹10,426 | 1 | 18 | 26 | 20.2 M | ₹401 - ₹425 | 73.91 % | ₹8102.1 M - ₹8587.0 M | RHP DOC |
Quality Power Electrical IPO SUBSCRIPTION STATUS
18 Feb '25Quality Power Electrical IPO overall subscription rate was 1.29 times the total available shares
Quality Power Electrical IPO retail subscription rate was 1.83 times in the retail segment
Quality Power Electrical IPO non-institutional investor subscription rate was 1.45 times in the non-institutional investor category
Quality Power Electrical IPO Qualified Institutional Bidder subscription rate was 1.03 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 10% | 15% | 75% |
18 Feb 2025 (Day 3) | 1.83x | 1.45x | 1.03x |
17 Feb 2025 (Day 2) | 1.07x | 1.1x | 0.62x |
14 Feb 2025 (Day 1) | 0.57x | 0.82x | 0.54x |
Quality Power Electrical FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| H1FY25 | 500.8 | 1,557.4 | 164.4 | 131.4 | 20.2% |
| FY24 | 554.7 | 3,006.0 | 515.2 | 212.3 | 12.7% |
| FY23 | 398.9 | 2,532.5 | 443.1 | 374.5 | 12.8% |
| FY22 | 422.3 | 1,826.4 | 85.4 | 56.1 | 12.8% |
Quality Power Electrical IPO SUBSCRIPTION STATUS DETAILS
Quality Power Electrical had 20.2 M shares on offer
Quality Power Electrical IPO offer price was in the range ₹401 - ₹425
Quality Power Electrical IPO minimum Investment was ₹10426
Quality Power Electrical IPO issue size was ₹ 8102.1 M - ₹ 8587.0 M
Quality Power Electrical had a minimum lot size of 26 Shares per application
Quality Power Electrical NUMBER OF SHARES ON OFFER
Quality Power Electrical IPO IMPORTANT DATES
| Issue Open Date | 14 Feb 2025 |
| Issue close Date | 18 Feb 2025 |
| Allotment Date | 19 Feb 2025 |
| Refund Date | 20 Feb 2025 |
| Demat Account Credit Date | 20 Feb 2025 |
| Listing Date | 24 Feb 2025 |
| Listing on Exchange(s) | NSE and BSE |
| Quality Power Electrical Allotment Status | Exchange |
Quality Power Electrical IPO subscription opened on 14 Feb 2025, and closed on 18 Feb 2025
IPO allotment for Quality Power Electrical was finalized on Wednesday, 19 Feb 2025
IPO listing for Quality Power Electrical was on NSE and BSE on Monday, 24 Feb 2025
Quality Power Electrical IPO LISTING GAINS
| Issue Price (adjusted) | 425.0 |
| Listing Open Price | 430.0 |
| Listing Close Price | 387.9 |
| Listing Gain% | 1.2% |
| Current Gain% | 164.5% |
Quality Power Electrical Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Quality Power Electrical Equipments Ltd. | 1124.1 | 8705.5 | 71.7 | 0.9 | 9.2 | 22.4 | 10.9 | 1007 | 156.7 | 121.3 | 83.4 | 15.7 | 83.4 |
| ABB India Ltd. | 7600 | 161050.4 | 53.9 | 11.8 | 21.3 | 12.2 | 13555.1 | 8.1 | 1668.3 | -10.9 | 141 | ||
| Hitachi Energy India Ltd. | 32600 | 145306 | 126.3 | 1 | 15.9 | 19.1 | 8.2 | 8387.6 | 30.2 | 987.8 | 157.3 | 258.1 | 127.7 |
| Bharat Heavy Electricals Ltd. | 405.2 | 141093.2 | 58 | 0.1 | 3.9 | 6.1 | 2.1 | 34589.8 | 20.1 | 1600.3 | 199.7 | 7 | 739.4 |
| Siemens Ltd. | 3940.1 | 140315 | 90.2 | -2.2 | 7.8 | 19.9 | 12.9 | 25598.6 | 10.5 | 2751.6 | 1.3 | 43.7 | -40.3 |
| CG Power and Industrial Solutions Ltd. | 879 | 138482.1 | 110.8 | 4.5 | 10.8 | 15.1 | 9.5 | 12662.2 | 25.7 | 1206.3 | 23.8 | 7.9 | 24.7 |
Quality Power Electrical INFORMATION ON IPO ISSUE
About Quality Power Electrical
Quality Power Electrical Equipments Ltd. was incorporated on September 20, 2001. The company provides high-voltage electrical equipment and solutions for grid connectivity and energy transition. Driven by technology, it specializes in power products across generation, transmission, distribution, and automation, including tailored solutions for large-scale renewables.
Object of the Issue
- Funding the company’s capital expenditures.
- Pursuing inorganic growth initiatives through acquisitions.
- Payment of the purchase consideration for the acquisition of Mehru Electrical and Mechanical Engineers.
Quality Power Electrical - PROMOTERS
| Name |
|---|
| Thalavaidurai Pandyan |
| Chitra Pandyan |
| Bharanidharan Pandyan |
Quality Power Electrical Book Running Lead Managers
Pantomath Capital Advisors Private Limited
qualitypower.ipo@pantomathgroup.com
Quality Power Electrical Registrar to the Offer
Link Intime India Private Limited
qualitypower.ipo@linkintime.co.in
Quality Power Electrical Strengths
Diversified customer base
They serve key regions including Asia, the Middle East, North America, South America, Australia, and Europe. Their end customers include power utilities, renewable energy companies, and industries such as automotive, oil and gas, cement, chemicals, and steel, all prioritizing technology, reliability, and quality in energy projects
Comprehensive product portfolio
The company started manufacturing reactors and transformers and now offers a range of high-voltage electrical equipment for grid connectivity and energy transition, including capacitor banks, harmonic filters, and SVC systems, specializing in power generation, transmission, distribution, and automation
Quality Power Electrical Risks
Concentrated internationally
The company generates over 64% of its revenue from overseas and plans to expand into new regions, exposing it to potential liabilities that could negatively impact the business
Dependent on market performance
The company depends on the performance of the HVDC and FACTS markets, which are influenced by various external social, economic, and regulatory factors. Adverse trends in these markets could materially affect their business and financial condition
IPO FAQs
This IPO consists of an offer for sale of up to Rs 633.7 crore, of 14,910,500 shares. It also consists of a fresh issue of Rs 225.0 crore.
The promoters of the company are Thalavaidurai Pandyan, Chitra Pandyan and Bharanidharan Pandyan.
The category allocation of qualified institutional buyers is 75.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 10.0%.
The price band of the IPO is Rs 401.0 - 425.0.
The IPO application opens on Feb 14, 2025 and closes on Feb 18, 2025.
The minimum lot size for the IPO is 26. The maximum lot size for the IPO is 468.
For all category investors, the minimum application amount for this IPO is Rs. 10,426.0, the maximum value for this IPO is Rs 198,900.0.
This IPO will be allotted on Feb 19, 2025.
The refund will be credited to your account on Feb 20, 2025.
The allotted shares will be credited to your demat on Feb 20, 2025.
Quality Power Electrical Equipments Ltd.’s shares listed on the stock exchanges on Feb 24, 2025.