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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 ₹425.00 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 Date | February 14, 2025 to February 18, 2025 |
| Listing Date | February 24, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹401 to ₹425 per share |
| Issue Price Final | ₹425 per share |
| Lot Size | 26 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 2,02,04,600 shares (aggregating up to ₹858.70 Cr) |
| Fresh Issue | 52,94,100 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 | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 7,21,50,000 shares |
| Share Holding Post Issue | 7,74,44,100 shares |
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 | Maximum 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%) |
Quality Power Electrical IPO raises ₹386.41 crore from anchor investors. Quality Power Electrical IPO Anchor bid date is February 13, 2025. Quality Power Electrical 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 Electrical 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 Tue, Feb 18, 2025 |
Investors can bid for a minimum of 26 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 | 331.4 | 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 | ||||
The market capitalization of Quality Power Electrical IPO is ₹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 Net Proceeds of the Fresh Issue are proposed to be utilized in the following manner:
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.
[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...
| 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 |
| Listing Date | February 24, 2025 |
| BSE Script Code | 544367 |
| NSE Symbol | QPOWER |
| ISIN | INE0SII01026 |
| Final Issue Price | ₹425 per share |
| NSE Listing Group | EQ (Rolling) |
| BSE Listing Group | B |
Quality Power Electrical Equipments Ltd.
Plot No. L-61,
M.I.D.C, Kupwad Block,
Sangli – 416 436
Sangli, Maharashtra
Phone: + 91 233 264 543
Email: investorgrievance@qualitypower.co.in
Website: http://www.qualitypower.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: qualitypower.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
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 ₹858.70 Crores. The issue is priced at ₹425 per share. The minimum order quantity is 26.
The IPO opens on February 14, 2025, and closes on February 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 February 14, 2025 and closes on February 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 Thursday, February 20, 2025. Check the Quality Power Electrical IPO allotment status.
The Quality Power Electrical IPO listing date is on Monday, February 24, 2025.
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