Quality Power IPO Details
The Quality Power IPO is a book build issue with a total issue size of ₹858.7 cr, comprising of fresh issue of 5294118 equity shares., and a offer for sale of 14910500 equity shares. Quality Power IPO opened for subscription on Feb 14, 2025 and closed on Feb 18, 2025. Quality Power IPO is set price band at ₹401 to ₹425 per share, with a lot size of 26 shares. Minimum investment for Retail investors was ₹11,050.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Feb 19, 2025, and listed on both the NSE and BSE on Feb 24, 2025.
MUFG Intime India Private Limited has been appointed as the registrar. Pantomath Capital Advisors Pvt Ltd are the Book Running Lead Manager for the issue.
Before investing in the Quality Power IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 401 – 425
- Lot Size
- 26
- Issue Size
- ₹858.7 Cr
- Minimum Investment
- ₹11050 (26 Shares)
- Listing Date
- 24 February 2025
Current GMP
₹5 (+1.18%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About Quality Power Electrical Equipments Limited
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.
Quality Power IPO Promoters
- Thalavaidurai Pandyan
- Chitra Pandyan
- Bharanidharan Pandyan
- Pandyan Family Trust
Promoters Holding
Holding Pre Issue
99.99%
Holding Post Issue
73.91%
Quality Power IPO Objective
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
Book Running Lead Managers
- Pantomath Capital Advisors Pvt Ltd
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 with a total issue size of ₹858.7 crore. The Quality Power IPO price band is ₹401 to 425 per share. The Quality Power IPO subscription opens on Fri, Feb 14, 2025, and closes on Tue, Feb 18, 2025. The Quality Power IPO will be listed on the BSE,NSE. MUFG Intime India Private Limited is the registrar for the Quality Power IPO.
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 per share.
Quality Power IPO lot size is 26 shares, Retail investors need a minimum investment of ₹11050 based on the upper price band
The minimum investment for Quality Power IPO is ₹11050, based on one lot of 26 shares at the upper price band of ₹425 per share.
Investors can apply for the Quality Power IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Tue, Feb 18, 2025. The application amount remains blocked until the Quality Power IPO allotment is finalized.
Quality Power IPO issue size is ₹858.7 crores.
Quality Power IPO allotment date is Wed, Jul 1, 2026.
The registrar for Quality Power IPO is MUFG Intime India Private Limited. Investors can go to MUFG Intime India Private Limited website to check Quality Power IPO allotment status, refund processing, and other IPO-related information.
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 0% over the issue price.