Quality Power Electrical Equipments Limited IPO (Quality Power IPO) is a book built issue, featuring a fresh Rs 225.00 crore issue and an offer for sale of 1.49 crore shares.
Quality Power IPO Details
Quality Power Electrical Equipments Limited IPO will open for subscription on February 14, 2025, close on February 18, 2025, and the allotment is expected to be finalized on Wednesday, February 19, 2025.
Quality Power IPO opens for subscription on February 14, 2025 and closes on February 18, 2025. The allotment for the Quality Power IPO is expected to be finalized on Wednesday, February 19, 2025. Quality Power IPO will be list on BSE, NSE with a tentative listing date fixed as Friday, February 21, 2025.
The minimum amount of investment required by retail investors is ₹10,426.
Pantomath Capital Advisors Pvt Ltd is the book running lead manager for the Quality Power Electrical Equipments Limited IPO, while Link Intime India Private Ltd serves as the registrar.
Refer to Quality Power IPO RHP for detailed information.
This will be the third IPO in the mainboard segment opening in February, after Ajax Engineering, and Hexaware Technologies.
| IPO Details | Information |
|---|---|
| IPO Open Date | 14 February 2025 |
| IPO Close Date | 18 February 2025 |
| Issue Price | ₹401 to ₹425 per share |
| Fresh Issue | ₹225 crore |
| Offer for Sale (OFS) | 1,49,10,500 shares |
| Total Issue Size | 2,02,04,618 shares |
| Minimum Bid (Lot Size) | 26 shares |
| Face Value | ₹10 per share |
| Retail Allocation | 10% |
| Listing On | NSE, BSE |
Quality Power IPO Reservation
IPO Share Allocation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not less than 75% of the Net Offer |
| Retail Shares Offered | Not less than 10% of the Net Offer |
| NII (HNI) Shares Offered | Not less than 15% of the Net Offer |
Quality Power IPO Date
Quality Power IPO opens on February 14, 2025, and closes on February 18, 2025.
- IPO Open Date: Friday, February 14, 2025
- IPO Close Date: Tuesday, February 18, 2025
- Basis of Allotment: Wednesday, February 19, 2025
- Initiation of Refunds: Thursday, February 20, 2025
- Credit of Shares to Demat: Thursday, February 20, 2025
- Listing Date: Friday, February 21, 2025
Quality Power IPO Lot Size
| Application Category | 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 |
OBJECTS OF THE OFFER (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 our Company for purchase plant and machinery; and
- Funding inorganic growth through unidentified acquisitions and other strategic initiatives and
- general corporate purposes.
Quality Power Electrical Equipment limited Financial Highlights
Quality Power Electrical Financials (₹ Crore)
| 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 | 331.40 | 273.55 | 211.73 |
| Profit After Tax (PAT) | 50.08 | 55.47 | 39.89 | 42.23 |
| Net Worth | 238.63 | 190.33 | 175.66 | 160.29 |
| Reserves & Surplus | 150.43 | 162.56 | 153.86 | 149.76 |
| Total Borrowing | 25.55 | 38.28 | 10.61 | 11.52 |
Key Performance Indicators
(₹ in million except per share data or unless otherwise stated)
| Particulars | Fiscal 2024 | Fiscal 2023 | Fiscal 2022 |
|---|---|---|---|
| Revenue from Operations(1) | 3,005.97 | 2,532.50 | 1,826.38 |
| EBITDA(2) | 381.09 | 323.44 | 233.01 |
| EBITDA Margin (%)(3) | 12.68 | 12.77 | 12.76 |
| PAT(4) | 554.74 | 398.92 | 422.27 |
| PAT Margin (%)(5) | 16.74 | 14.58 | 19.94 |
| Net Worth(6) | 1,903.25 | 1,756.57 | 1,602.93 |
| ROE (%)(7) | 29.15 | 22.71 | 26.34 |
| ROCE (%)(8) | 19.20 | 22.32 | 20.58 |
| Debt – Equity Ratio(9) | 0.20 | 0.06 | 0.07 |
| Net Cash from/ (used in) Operating Activities(10) | 515.16 | 443.05 | 85.35 |
| Net Cash from Operating Activities/ EBITDA (%)(11) | 135.18 | 136.98 | 36.63 |
| No. of Operating Facilities (12) | 7 | 7 | 7 |
| International Markets (No. of Countries) (13) | 100 | 92 | 90 |
| Revenue from International Markets (%)(14) | 80.68 | 76.93 | 74.27 |
| No. of Customers(15) | 210 | 227 | 266 |
| Revenue CAGR (%)(16) | 28.29 | N.A. | N.A. |
About Quality Power Electrical Equipments Limited
Quality Power Electrical Equipment, founded in 2001, is one of the well-known companies in India involved in the business of offering energy transition equipment and power technologies to their global clients.
Quality Power Electrical Equipment is known to provide high-voltage electrical equipment and solutions for grid connectivity and energy transitions, as well as committed to providing power generation, transmission, distribution, and automation, including renewable energy applications.
Among other companies, Quality Power Electrical Equipments is one of the few companies that provide critical high voltage equipment for High Voltage Direct Current and Flexible AC Transmission Systems to their global customers. To satisfy their Fortune 500 companies and other conglomerate clients, they make sure that their operational facilities meet the high requirements.
Sangli, Maharashtra, and Aluva, Kerala are two locations where their manufacturing facilities are situated.
As of March 31, 2024, the company comprises 163 full-time employees and 372 employees on a contract base.
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.
Competitive 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
Quality Power Electrical Equipments Limited IPO Promoter Holding
Thalavaidurai Pandyan, Chitra Pandyan, Bharanidharan Pandyan and Pandyan Family Trust are the Promoters of the Company.
| Particulars | Percentage |
|---|---|
| Share Holding Pre-Issue | 99.99% |
| Share Holding Post-Issue | Coming Soon |
Quality Power IPO Peer Group Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (₹) | P/E (x) | RoNW (%) | P/BV Ratio | Financial Statements |
|---|---|---|---|---|---|---|---|
| Quality Power Electrical Equipments Limited | 5.19 | 5.19 | 26.38 | – | 29.15 | – | Consolidated |
| Transformers And Rectifiers (India) Ltd. | 3.24 | 3.24 | 39.49 | 251.51 | 8.35 | 18.23 | Consolidated |
| Hitachi Energy India Limited | 38.64 | 38.64 | 320.86 | 308.63 | 12.04 | 36.32 | Consolidated |
| GE T&D India Ltd | 7.07 | 7.07 | 48.54 | 241.90 | 14.57 | 32.69 | Consolidated |
Quality Power Electrical IPO Allotment Status
Quality Power Electrical IPO allotment status will be available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.
Quality Power Electrical Contact Details
QUALITY POWER ELECTRICAL EQUIPMENTS LIMITED
Plot No. L-61, M.I.D.C Kupwad Block,
Sangli – 416 436 Maharashtra, India
Phone: +91 233 264 5432
Email: investorgrievance@qualitypower.co.in
Website: www.qualitypower.com
Quality Power Electrical Offer Lead Manager
PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED
Pantomath Nucleus House, Saki Vihar Road,
Andheri East, Mumbai – 400 072 Maharashtra, India
Phone: 18008898711
Email: qualitypower.ipo@pantomathgroup.com
Website: www.pantomathgroup.com
