Quality Power Electrical Equipments Limited IPO

Mainboard

Heavy Electrical Equipment

Listed On: Feb 24, 2025 at ₹ 430.0(NSE)

₹ 11050 /26 Shares

Check Allotment

14 Feb, 2025

Open Date

18 Feb, 2025

Close Date

19 Feb, 2025

Allotment Date

24 Feb, 2025

Listing Date

Price Summary

Last Closing

955.10 (124.73%)

52 Week High

1,082.00

52 Week Low

267.80

Last Update

16-Oct-2025 3:30 PM

Quality Power Electrical Equipments IPO Issue Details

Issue Price ₹401-425 per equity share
Face Value ₹10 Per Equity Share
Total Issue Size 2,02,04,618 shares(aggregating up to ₹858.7 crore)
Fresh Share 52,94,118 shares(aggregating up to ₹225 crore)
Offer For Sale 1,49,10,500 shares(aggregating up to ₹633.7 crore)
Listing at BSE, NSE
List Price 430.0(NSE)
Listing Date 2025-02-24
Lead Manager Pantomath Capital Advisors Pvt Ltd
Registrar Link Intime India Private Ltd

Market Lot Size

Investors can bid for a minimum of 26 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors 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
SHNI(min)	19	494	₹2,09,950
SHNI(max)	90	2,340	₹9,94,500
BHNI(min)	91	2,366	₹10,05,550

Quality Power Electrical Equipments IPO Reservation

Quality Power Electrical Equipments IPO offers total 2,02,04,600 shares. Out of which 60,61,380 (30%) allocated to QIB, 30,30,690 (15%) allocated to NII,20,20,460 (10%) allocated to RII, NA (NA%) allocated to employees and 90,92,070 (45%) allocated to Anchor investors.

Investor Category	Shares Offered	Maximum Allottees
Anchor Investor Shares Offered	90,92,070 (45%)
QIB Shares Offered	60,61,380 (30%)
NII (HNI) Shares Offered	30,30,690 (15%)
bNII < ₹10L	20,20,460 (10%)
sNII < ₹10L	10,10,230 (5%)
Retail Shares Offered	20,20,460 (10%)
Total Shares Offered	2,02,04,600 (100%)

Quality Power Electrical Equipments IPO Documents

DRHP

RHP

ANCHOR

Quality Power Electrical Equipments IPO Details

Quality Power Electrical Equipments IPO is a book-built issue of ₹858.7 crores, The total issue size is ₹858.7 crores. The IPO of Quality Power Electrical Equipments is priced at ₹401-425 per equity share, which has a face value of ₹10 Per Equity Share each, IPO bidding starts from Feb 14, 2025 and ends on Feb 18, 2025. The allotment for Quality Power Electrical Equipments IPO will be finalized on Feb 19, 2025. Quality Power Electrical Equipments IPO will be listed on BSE, NSE, with a tentative listing date fixed as Feb 24, 2025. The company shall list its equity shares on the BSE, NSE. Link Intime India Private Ltd is the registrar of the issue.

Retail investors can bid for a minimum of 26 shares, extendable to 11,050. S-HNIs will be able to bid for 494 shares at ₹2,09,950, while B-HNIs can also apply for a bid of 2,366 shares at ₹10,05,550. The book-running lead manager for the IPO is/are Pantomath Capital Advisors Pvt Ltd.

The total issue ₹858.7 crore, comprising a fresh issue of 52,94,118 shares ₹225 crore and having Offer for Sale (OFS) of 1,49,10,500 shares to mop up ₹633.7 crore.

The Quality Power Electrical Equipments IPO sets its price band at 401-425 for each share. A single application for Quality Power Electrical Equipments Limited IPO must contain at least 26 shares. Sentiment investors need to invest a minimum of 26 through their retail account. For investors to prevent oversubscription issues, they should submit bids at the cutoff price, which estimates about ₹11,050 In order to participate in the sNII, investors must purchase at least 19 lots of 494 shares for ₹2,09,950, while the bNII requires 91 lots of 2,366 shares for an investment of ₹10,05,550.

As on	QIB	NII bNII sNII	Retail	Total
Shares Offered / Reserved	60,61,380	30,30,690 20,20,460 10,10,230	20,20,460	1,11,12,530
Day 1 14-02-25 05:00 PM	0.54 x	0.82 1.16 x 0.15 x	0.57 x	0.62 x
Day 2 17-02-25 05:00 PM	0.62 x	1.10 1.48 x 0.33 x	1.07 x	0.83 x
Day 3 18-02-25 05:00 PM	1.03 x	1.45 1.78 x 0.79 x	1.83 x	1.29 x

Total No of Applications

1,20,178

Subscription on the basis of Applications

Retail:1.29x BHNI:0.22x SHNI:0.71x

Quality Power Electrical Equipments Valuations

EPS Pre IPO ₹7.69/-

EPS Post IPO ₹12.93/-

P/E Pre IPO 55.28

P/E Post IPO 32.86

ROE 29.15%

ROCE 19.20%

Debt/Equity 0.20

RoNW 29.15%

PAT Margin 16.74

Price to Book Value 16.11

Quality Power Electrical Equipments Company Financials

In Crs.

In Cr.

	31-Mar-24	31-Mar-23	31-Mar-22
Assets	358.88	312.24	252.86
Revenue	331.4	273.55	211.73
Profit After Tax	55.47	39.89	42.23
Net Worth	190.33	175.66	160.29
Total Borrowing	38.28	10.61	11.52

About Quality Power Electrical Equipments Company

Incorporated in 2001, Quality Power Electrical Equipments Limited is into the business of energy transition equipment and power technologies.

The company is high-voltage electrical equipment and solutions for grid connectivity and energy transition. They specialize in the power products sectors in generation, transmission, distribution, and automation.

It makes critical high-voltage equipment for High Voltage Direct Current (HVDC) and Flexible AC Transmission Systems (FACTS) networks, which are used to transform energy from renewable sources into power grids.

With more than 20 years of experience, the company provides reactors, transformers, converters, and grid interconnection solutions worldwide.

The company has 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 has 210 customers, including power utilities, power industries, and renewable energy entities.

As of March 31,2024, the company has 163 full-time employees and 372 contractual workers.

Quality Power Electrical Equipments - Promoter(s)

Thalavaidurai Pandyan

Chitra Pandyan

Bharanidharan Pandyan

Pandyan Family Trust

Pre Issue Share Holding : 100%

Post Issue Share Holding : 73.91%

Quality Power Electrical Equipments IPO - Issue Objectives

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.

Quality Power Electrical Equipments IPO - Anchor Investors

Quality Power IPO: Firm mobilises over Rs 386 crore via anchor book.

Marquee institutional investors including LIC Mutual Fund, Bank of India Mutual Fund, Maybank Securities, Ashish Kacholia-owned Bengal Finance & Investments, India Inflection Opportunity Fund, Kotak Iconic Fund, Mint Focussed Growth Fund, Bharat Value Fund, SBI General Insurance Company, Steptrade Revolution Fund, Benani Capital Scheme, Universal Sompo General Insurance Company, and IMAP India Capital Investment Trust invested in the company via anchor book.

Quality Power Electrical Equipments IPO - Peers Comparison

Company Name	EPS (Basic)	EPS (Diluted)	NAV (per share) (Rs)	P/E (x)	RoNW (%)	P/BV Ratio	Financial statements
Quality Power Electrical Equipments Limited	5.19	5.19	26.38	N/A	29.15	N/A	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	241.9	14.57	32.69	Consolidated

Notes:

The financial information of the Company is based on the Restated Consolidated Financial Information for the year ended March 31, 2024.
P/E Ratio for the peer group has been computed based on the closing market price of equity shares on March 28, 2024, divided by the Basic EPS.
Return on Net Worth (RoNW) is computed as net profit after tax divided by closing net worth.
NAV per share is computed as the closing net worth divided by the closing outstanding number of equity shares.

Contact Details

Quality Power Electrical Equipments

Plot No. L-61,, M.I.D.C, Kupwad Block, Sangli – 416 436

+ 91 233 264 543

investorgrievance@qualitypower.co.in

http://www.qualitypower.com/

Registrar Contact Details

Link Intime India Private Ltd

+91-22-4918 6270

qualitypower.ipo@linkintime.co.in

https://linkintime.co.in/initial_offer/public-issues.html

Quality Power Electrical Equipments IPO - FAQs

Ans. Quality Power Electrical Equipments Limited IPO is a Mainboard IPO. The issue is priced at ₹401-425 per equity share. The minimum order quantity is 26 Shares. The IPO opens on Feb 14, 2025, and closes on Feb 18, 2025. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The Quality Power Electrical Equipments Limited IPO opens on Feb 14, 2025 and closes on Feb 18, 2025.

Ans. You can track the real-time subscription numbers using the links below:

Ans. The size of Quality Power Electrical Equipments Limited IPO is Total ₹858.70 Cr : #Fresh Issue : 52,94,118 shares(aggregating up to ₹225.00 Cr) + #OFS : 1,49,10,500 shares of ₹10(aggregating up to ₹633.70 Cr).

Ans. The Quality Power Electrical Equipments Limited IPO price band is set between ₹401-425 per equity share.

Ans. To apply for Quality Power Electrical Equipments Limited IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Quality Power Electrical Equipments Limited IPO in the List of IPOs
- Press Apply Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Quality Power Electrical Equipments Limited IPO is Feb 19, 2025.

Ans. The Quality Power Electrical Equipments Limited IPO will be listed on Feb 24, 2025.

Ans. Follow the steps to check the Quality Power Electrical Equipments Limited IPO allotment status online.