Quality Power Electrical Equipments Limited IPO (Quality Power IPO) Detail
Quality Power IPO is a book built issue of Rs 858.70 crores. The issue is a combination of fresh issue of 0.53 crore shares aggregating to Rs 225.00 crores and offer for sale of 1.49 crore shares aggregating to Rs 633.70 crores.
Quality Power IPO bidding started from February 14, 2025 and ended on February 18, 2025. The allotment for Quality Power IPO was finalized on Wednesday, February 19, 2025. The shares got listed on BSE, NSE on February 24, 2025.
Quality Power IPO price band is set at ₹425 per share. The minimum lot size for an application is 26. The minimum amount of investment required by retail investors is ₹10,426. But it is suggested to the investor to bid at the cutoff price to avoid the oversubscription senerio, which is about to ₹11,050. The minimum lot size investment for sNII is 19 lots (494 shares), amounting to ₹2,09,950, and for bNII, it is 91 lots (2,366 shares), amounting to ₹10,05,550.
Pantomath Capital Advisors Pvt Ltd is the book-running lead manager of the Quality Power IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Quality Power IPO RHP for detailed information.
Quality Power Electrical Equipments Limited Stock Quote & Charts
- Open: ₹377.50
- High – Low: ₹384.30 – ₹346.05
- Previous Close: ₹377.60
- Total Traded Value: 13,50,266.00
- 52 Weeks High: ₹430.75 (Feb 24, 2025)
- 52 Weeks Low: ₹370.50 (Feb 27, 2025)
- Updated On: Mar 03, 2025 4:00 PM
Quality Power IPO Details
| IPO Date | February 14, 2025 to February 18, 2025 |
| Listing Date | February 24, 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹425 per share |
| Lot Size | 26 Shares |
| Total Issue Size | 2,02,04,618 shares (aggregating up to ₹858.70 Cr) |
| Fresh Issue | 52,94,118 shares (aggregating up to ₹225.00 Cr) |
| Offer for Sale | 1,49,10,500 shares of ₹10 (aggregating up to ₹633.70 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 7,21,50,000 shares |
| Share Holding Post Issue | 7,74,44,118 shares |
Quality Power IPO Reservation
Quality Power IPO offers 2,02,04,600 shares. 60,61,380 (30%) to QIB, 30,30,690 (15%) to NII, 20,20,460 (10%) to RII and 90,92,070 (45%) to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 90,92,070 (45%) | NA |
| QIB Shares Offered | 60,61,380 (30%) | NA |
| NII (HNI) Shares Offered | 30,30,690 (15%) | |
| bNII > ₹10L | 20,20,460 (10%) | 4,090 |
| sNII < ₹10L | 10,10,230 (5%) | 2,045 |
| Retail Shares Offered | 20,20,460 (10%) | 77,710 |
| Total Shares Offered | 2,02,04,600 (100%) |
Quality Power IPO Anchor Investors Details
Quality Power IPO raises Rs 386.41 crore from anchor investors. Quality Power IPO Anchor bid date is February 13, 2025. Quality Power IPO Anchor Investors list
| Bid Date | February 13, 2025 |
| Shares Offered | 90,92,070 |
| Anchor Portion Size (In Cr.) | 386.41 |
| Anchor lock-in period end date for 50% shares (30 Days) | March 21, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | May 20, 2025 |
Quality Power IPO Timeline (Tentative Schedule)
Quality Power IPO opens on February 14, 2025, and closes on February 18, 2025.
| IPO Open Date | Fri, Feb 14, 2025 |
| IPO Close Date | Tue, Feb 18, 2025 |
| Tentative Allotment | Wed, Feb 19, 2025 |
| Initiation of Refunds | Thu, Feb 20, 2025 |
| Credit of Shares to Demat | Thu, Feb 20, 2025 |
| Tentative Listing Date | Mon, Feb 24, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 18, 2025 |
Quality Power IPO Lot Size
Investors can bid for a minimum of 26 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 26 | ₹11,050 |
| Retail (Max) | 18 | 468 | ₹1,98,900 |
| S-HNI (Min) | 19 | 494 | ₹2,09,950 |
| S-HNI (Max) | 90 | 2,340 | ₹9,94,500 |
| B-HNI (Min) | 91 | 2,366 | ₹10,05,550 |
| Lot Size Calculator | |||
Quality Power IPO Promoter Holding
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 73.91% |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
About Quality Power Electrical Equipments Limited
Incorporated in 2001, Quality Power Electrical Equipments Limited is engaged in the business of energy transition equipment and power technologies.
The company provides high-voltage electrical equipment and solutions for grid connectivity and energy transition, specializing in power products across generation, transmission, distribution, and automation sectors.
The company manufactures critical high-voltage equipment for High Voltage Direct Current (HVDC) and Flexible AC Transmission Systems (FACTS) networks, enabling energy transition from renewable sources to power grids.
With over 20 years of experience, the company offers reactors, transformers, converters, and grid interconnection solutions globally.
The company operates 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 had 210 customers, including power utilities, power industries, and renewable energy entities.
Product Portfolio:
- Power Product: Reactors, Line Traps, Transformers, Instrument Transformers, Line Tuners ,Metal Enclosed Capacitor Bank, Composites.
- Power Quality Systems: Static VAR compensators, STATCOM’s, Harmonic Filters, Capacitor Banks, Shunt Reactors.
As of March 31, 2024, the company has 163 full-time employees and 372 contractual workers.
Competative Strength:
- Global energy transition and power technology player catering to diverse industry segments and poised to benefit out of global shift towards decarbonisation and adoption of renewable energy
- Demonstrated track record of growth and financial performance
- Diversified customer base of global businesses with long lasting relationships
- Comprehensive product portfolio in the energy transition equipment and power technologies sector in India and abroad with high trade barriers
- Demonstrated record of strategic acquisitions along with enhanced order book contributing to growth
- Research and development capabilities to offer future ready solutions
- Management team with domain experience
Company Financials
Quality Power Electrical Equipments Limited Financial Information (Restated Consolidated)
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 399.64 | 358.88 | 312.24 | 252.86 |
| Revenue | 182.72 | 331.4 | 273.55 | 211.73 |
| Profit After Tax | 50.08 | 55.47 | 39.89 | 42.23 |
| Net Worth | 238.63 | 190.33 | 175.66 | 160.29 |
| Reserves and Surplus | 150.43 | 162.56 | 153.86 | 149.76 |
| Total Borrowing | 25.55 | 38.28 | 10.61 | 11.52 |
| Amount in ₹ Crore | ||||
Key Performance Indicator (KPI)
The market capitalization of Quality Power IPO is Rs 3291.38 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 29.15% |
| ROCE | 19.20% |
| Debt/Equity | 0.20 |
| RoNW | 29.15% |
| PAT Margin | 16.74 |
| Price to Book Value | 16.11 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 7.69 | 12.93 |
| P/E (x) | 55.28 | 32.86 |
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2024 that is available in RHP.
Objects of the Issue (Quality Power IPO Objectives)
The Net Proceeds of the Fresh Issue are proposed to be utilized in the following manner:
- 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 IPO Review (Apply)
[Dilip Davda] QPEEL is an emerging Indian player in critical energy transition equipment and power technologies. It marked 75+% average global revenue in its top lines for the reported periods. Based on its recent financial performance, the issue appears reasonably priced. The company aims to be the Indian global player in the segment with its niche play. Investors may grab this opportunity for medium to long term. Read detail review…
Quality Power IPO Subscription Status (Bidding Detail)
The Quality Power IPO is subscribed 1.29 times on February 18, 2025 5:55:49 PM (Day 3). The public issue subscribed 1.82 times in the retail category, 1.03 times in the QIB category, and 1.45 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 1.03 | 60,61,380 | 62,34,956 |
| NII | 1.45 | 30,30,690 | 43,94,260 |
| bNII (bids above ₹10L) | 1.78 | 20,20,460 | 35,98,608 |
| sNII (bids below ₹10L) | 0.79 | 10,10,230 | 7,95,652 |
| Retail | 1.82 | 20,20,460 | 36,74,762 |
| Total | 1.29 | 1,11,12,530 | 1,43,03,978 |
Total Application : 1,20,178
| PerForma Consolidated (In Millions) | ||
| Period Ended | 30 Sep 2024 | 31 March 2024 |
| Assets | 6,389.47 | 5,931.40 |
| Revenue | 2,947.03 | 5,506.99 |
| Profit After Tax | 537.88 | 656.96 |
Quality Power IPO Prospectus
Quality Power IPO Listing Details
| Listing Date | February 24, 2025 |
| BSE Script Code | 544367 |
| NSE Symbol | QPOWER |
| ISIN | INE0SII01026 |
| Final Issue Price | ₹425 per share |
Listing Day Trading Information
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹425.00 | ₹425.00 |
| Open | ₹432.05 | ₹430.00 |
| Low | ₹382.05 | ₹382.50 |
| High | ₹432.05 | ₹430.75 |
| Last Trade | ₹387.05 | ₹387.90 |
Check IPO Performance…
Quality Power Electrical Equipments Limited Contact Details
Quality Power Electrical Equipments Limited
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/
Quality Power IPO Registrar
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
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