Bookbuilding IPO | ₹859 Cr | Listed at BSE, NSE | Fri, Feb 14, 2025 - Tue, Feb 18, 2025
Quality Power Electrical IPO is a book build issue of ₹858.70 crores. The issue is a combination of fresh issue of 0.53 crore shares aggregating to ₹225.00 crores and offer for sale of 1.49 crore shares aggregating to ₹633.70 crores.
Quality Power Electrical IPO bidding started from Feb 14, 2025 and ended on Feb 18, 2025. The allotment for Quality Power Electrical IPO was finalized on Feb 19, 2025. The shares got listed on BSE, NSE on Feb 24, 2025.
Quality Power Electrical IPO price band is set at ₹425 per share. The lot size for an application is 26. The minimum amount of investment required by an retail is ₹11,050 (26 shares) (based on upper price). The 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 and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Quality Power Electrical IPO RHP for detailed Information.
IPO Open
Fri, Feb 14, 2025
IPO Close
Tue, Feb 18, 2025
Issue Price
₹425 per share
Market Cap (Pre-IPO)
₹3,291.38 Cr
| IPO Date | 14 to 18 Feb, 2025 |
| Listed on | Mon, Feb 24, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹401 to ₹425 |
| Issue Price | ₹425 per share |
| Lot Size | 26 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 2,02,04,600 shares (agg. up to ₹859 Cr) |
| Fresh Issue | 52,94,100 shares (agg. up to ₹225 Cr) |
| Offer for Sale | 1,49,10,500 shares of ₹10 (agg. up to ₹634 Cr) |
| Share Holding Pre Issue | 7,21,50,000 shares |
| Share Holding Post Issue | 7,74,44,100 shares |
| BSE Script Code / NSE Symbol | 544367 / QPOWER |
| ISIN | INE0SII01026 |
Quality Power Electrical IPO offers total 2,02,04,600 shares. Out of which 1,51,53,450 (75.00%) allocated to QIB, 60,61,380 (30.00%) allocated to QIB (Ex- Anchor), 30,30,690 (15.00%) allocated to NII 20,20,460 (10.00%) allocated to RII and 90,92,070 (45.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | 1,51,53,450 (75.00%) | NA |
| − Anchor Investor Shares Offered | 90,92,070 (45.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 60,61,380 (30.00%) | NA |
| NII (HNI) Shares Offered | 30,30,690 (15.00%) | NA |
| − bNII > ₹10L | 20,20,460 (10.00%) | 4,090 |
| − sNII < ₹10L | 10,10,230 (5.00%) | 2,045 |
| Retail Shares Offered | 20,20,460 (10.00%) | 77,710 |
| Total Shares Offered | 2,02,04,600 (100.00%) |
Investors can bid for a minimum of 26 shares and in multiples thereof.
| 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 |
Quality Power Electrical IPO raises ₹386.41 crore from anchor investors. Quality Power Electrical IPO Anchor bid date is February 13, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Thu, Feb 13, 2025 |
| Shares Offered | 90,92,070 |
| Anchor Portion (₹ Cr.) | 386.41 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Mar 21, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, May 20, 2025 |
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:
As of March 31, 2024, the company has 163 full-time employees and 372 contractual workers.
Competative Strength:
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 399.64 | 358.88 | 312.24 | 252.86 |
| Total Income | 182.72 | 331.40 | 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 | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment of the purchase consideration for the acquisition of Mehru Electrical and Mechanical Engineers Private Limited | 117.00 |
| 2 | Funding capital expenditure requirements of our Company for purchase plant and machinery | 27.22 |
| 3 | Funding inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes | 61.18 |
| KPI | Mar 31, 2024 |
|---|---|
| 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 (₹) | 7.69 | 12.93 |
| P/E (x) | 55.28 | 32.86 |
| Promoter Holding | 100% | 73.91% |
| Market Cap | ₹3,291.38 Cr. |
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 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fixed fees payable to Book Running Lead Manager | 3.00 |
| 2 | Underwriting /Selling Commission to the Book Running Lead Manager | 42.94 |
| 3 | Commission/processing fee for SCSBs, Sponsor Bank(s) and fees payable to sponsor bank(s) for bids made by RIBs, Bankers to the Offer(s), Brokerage and Syndicate Fees, bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | 19.25 |
| 4 | Fees payable to Registrar to the Offer | 0.03 |
| 5 | Listing fees, SEBI filing fees, upload fees, BSE and NSE processing fees, book building software fees and other regulatory expenses | 2.82 |
| 6 | Printing and distribution of stationery | 0.21 |
| 7 | Advertising and marketing expenses | 3.25 |
| 8 | Fees payable to legal counsel | 2.15 |
| 9 | Fees payable to other advisors to the Offer, including but not limited to Statutory Auditors, industry service provider and Chartered Engineer | 0.78 |
| 10 | Miscellaneous | 0.39 |
| 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 |
Lead Manager Reports
Quality Power Electrical IPO is a main-board IPO of 2,02,04,600 equity shares of the face value of ₹10 aggregating up to ₹859 Crores. The issue is priced at ₹425 per share. The minimum order quantity is 26.
The IPO opens on Fri, Feb 14, 2025, and closes on Tue, Feb 18, 2025.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Quality Power Electrical IPO using UPI as a payment gateway. Zerodha customers can apply in Quality Power Electrical IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Quality Power Electrical IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Quality Power Electrical IPO opens on Fri, Feb 14, 2025 and closes on Tue, Feb 18, 2025.
Quality Power Electrical IPO lot size is 26, and the minimum amount required for application is ₹11,050.
You can apply in Quality Power Electrical IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Quality Power Electrical IPO will be done on Wednesday, February 19, 2025, and the allotted shares will be credited to your demat account by Thu, Feb 20, 2025. Check the Quality Power Electrical IPO allotment status.
The Quality Power Electrical IPO listing date is on Mon, Feb 24, 2025.
