Quality Power IPO
Open MainLineCurrent GMP
₹5 (+1.18%)
Price Band
₹ 401 – 425
Lot Size
26
Issue Size
₹858.7 Cr
Minimum Investment
₹11050 (26 Shares)
Listing Date
24 February 2025
Subscription
1.29x
About the Company
Quality Power Electrical Equipments Limited (QPEEL) is an Indian company specializing in high voltage electrical equipment and power solutions for the energy transition sector. The company serves both domestic and global clients, including Fortune 500 companies. Their expertise lies in providing critical equipment for power generation, transmission, distribution, and automation, especially in large-scale renewable energy applications.
QPEEL offers a wide range of products essential for effective power transmission and advanced power automation, such as reactors, transformers, capacitor banks, converters, and grid interconnection solutions like STATCOM and SVC. Notably, they are a key manufacturer of HVDC and FACTS systems, vital for the integration of renewable energy into the power grid and enhancing grid stability.
The company’s manufacturing facilities in India, located in Sangli (Maharashtra) and Aluva (Kerala), are certified with ISO standards and adhere to global quality requirements. QPEEL’s Test & Research Lab in Sangli is NABL-accredited, ensuring compliance with both Indian and international standards for systems up to 765kV. Their global reach also includes a 51% stake in Endoks Enerji, a Turkish subsidiary.
With over two decades of experience, QPEEL’s technologies play a pivotal role in advancing decarbonization efforts, supporting sustainability, and driving green energy initiatives. Their solutions focus on optimizing energy transfer, maintaining network reliability, and contributing to the broader goal of energy transition from fossil fuels to renewable sources.
Promoters
- Thalavaidurai Pandyan
- Chitra Pandyan
- Bharanidharan Pandyan
- Pandyan Family Trust
Promoters Holding
Holding Pre Issue
99.99%
Holding Post Issue
73.91%
Objects of the Issue
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.
Address / Contact Info
Quality Power Electrical Equipments Limited
Plot No. L-61, M.I.D.C Kupwad Block,
Sangli – 416 436 Maharashtra
Phone: + 91 233 264 543
Email: investorgrievance@qualitypower.co.in
Website: http://www.qualitypower.com/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Friday, 14 February 2025
IPO Close Date
Tuesday, 18 February 2025
Basis of Allotment
Wednesday, 19 February 2025
Initiation of Refunds
Thursday, 20 February 2025
Credit of Shares to Demat
Thursday, 20 February 2025
Listing Date
Monday, 24 February 2025 — NSE & BSE
Important Dates
Open Date
14 February 2025
Close Date
18 February 2025
Basis Of Allotment
19 February 2025
Listing Date
24 February 2025
Financial Performance (₹ in Crores)
| Particular | 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 |
| Reserve & Surplus | 150.43 | 162.56 | 153.86 | 149.76 |
| Total Borrowings | 25.55 | 38.28 | 10.61 | 11.52 |
EPS Pre
7.69%
EPS Post
12.93%
P/E Pre
55.28
P/E (Post Issue)
32.86x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of Mar 31, 2024. |
|---|---|
| ROE % | 29.15 |
| ROCE % | 19.2 |
| Debt / Equity | 0.2 |
| RoNW % | 29.15 |
| PbW | 0 |
| Pat Margin % | 16.74 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Anchor Investors | 9092070 | 45 | 0 |
| Qualified Institutions | 6061380 | 30 | 0 |
| Non-Institutional | 3030690 | 15 | 0 |
| BNII | 2020460 | 10 | 0 |
| SNII | 1010230 | 5 | 0 |
| Retail Investors | 2020460 | 10 | 0 |
| Total | 20204600 | 100 | 0 |
Subscription Status ( Tue, 18 Feb 25 01:18 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 6061380 | 6234956 | 1.03x |
| Non-Institutional | 3030690 | 4395794 | 1.45x |
| BNII | 2020460 | 3598608 | 1.78x |
| SNII | 1010230 | 797186 | 0.79x |
| Retail Investors | 2020460 | 3700476 | 1.83x |
| Total | 11112530 | 14331226 | 1.29x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 26 | 11,050.00 |
| Retail (Max) | 18 | 468 | 198,900.00 |
| S-HNI (Min) | 19 | 494 | 209,950.00 |
| S-HNI (Max) | 90 | 2,340 | 994,500.00 |
| B-HNI (Min) | 91 | 2,366 | 1,005,550.00 |
Registrar
MUFG Intime India Private Limited ((Link Intime)
91-22-4918 6270
ipo.helpdesk@in.mpms.mufg.com
https://in.mpms.mufg.com/home.html
Book Running Lead Managers
- Pantomath Capital Advisors Pvt Ltd
RHP Document
DRHP Document
Anchor Investors
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Quality Power IPO is a Book-building IPO worth ₹858.7 crores. The price band is ₹401 to 425 per share. The IPO opens on Fri, Feb 14, 2025 and closes on Tue, Feb 18, 2025. It will be listed on BSE and NSE. MUFG Intime India Private Limited ((Link Intime) is the registrar.
The Quality Power IPO opens on Fri, Feb 14, 2025 and closes on Tue, Feb 18, 2025
Quality Power IPO Price Band is ₹401 to 425.
Quality Power IPO lot size is 26, and the minimum amount required for application is ₹11050.
The minimum investment for Quality Power IPO is approximately ₹11050 based on the upper price band.
To apply for the Quality Power IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Tue, Feb 18, 2025. After submission, funds are blocked until the basis of allotment of Quality Power IPO is finalised.
Quality Power IPO issue size is ₹858.7 crores.
Quality Power IPO allotment date is Sat, Jun 27, 2026.
The registrar for Quality Power IPO is MUFG Intime India Private Limited ((Link Intime). Investors can go to MUFG Intime India Private Limited ((Link Intime) website for IPO allotment status, refund processing, and other queries related to Quality Power IPO through their official website or helpline.
The Quality Power IPO GMP (Grey Market Premium) is ₹5 as of Mon, Feb 24, 2025. Based on the upper price band of ₹425 per share, the estimated Quality Power IPO listing price is ₹430, indicating a potential listing gain of approximately 31% over the issue price.