Quality Power IPO Details
The key details of Quality Power Electrical Equipments’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.
| IPO Size | ₹858.70 Cr |
| Price Range | ₹401 - ₹425 |
| Retail Quota | 10% |
| QIB Quota | 75% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | NSE and BSE |
| Minimum Quantity | 26 |
| Investment (cut-off price) | ₹11,050 |
| Pre IPO Promotor Holding | 100.00% |
| Post IPO Promotor Holding | 73.91% |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Quality Power IPO Timelines
The IPO process for Quality Power Electrical Equipments includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.
14/02/2025
Start Date18/02/2025
End Date20/02/2025
Refund Initiation20/02/2025
Credit of Shares to Demat Ac24/02/2025
Listing DateQuality Power IPO Lot Size
The Quality Power Electrical Equipments IPO has a fixed lot size of 26 shares, at an upper price band of ₹425 per share, requiring ₹11,050 per lot for retail investors. Retail investors can apply for a maximum of 468 shares worth ₹198,900. For Small HNI (S-HNI), the minimum application starts at 494 shares (₹209,950) up to 2,340 shares (₹994,500), while Big HNI (B-HNI) requires a minimum of 2,366 shares amounting to ₹1,005,550.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 26 | ₹11,050 |
| Retail Maximum | 18 | 468 | ₹1,98,900 |
| S-HNI Minimum | 19 | 494 | ₹2,09,950 |
| S-HNI Maximum | 90 | 2340 | ₹9,94,500 |
| B-HNI Minimum | 91 | 2366 | ₹10,05,550 |
Quality Power IPO Subscription Status
The subscription status for Quality Power Electrical Equipments IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 1.03x | 1.45x | 1.82x | -- | 1.29x |
IPO Performance on Listing Day
On the listing day (February 24, 2025), Quality Power Electrical Equipments made a modest debut on the stock exchange. The stock opened at ₹430, registering a small premium of 1.2% over its issue price of ₹425. During the trading session, after briefly touching a high of ₹430.75, the stock faced significant selling pressure, declining to ₹382.50. The shares concluded their first trading day at ₹387.90, posting a loss of 8.7% from the issue price, indicating a weak market response to this electrical equipment manufacturer.
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹430.00 | ₹387.90 | ₹430.75 | ₹382.50 |
Quality Power IPO Company Financials
Quality Power Electrical Equipments reports robust performance in FY2024 with Total Income of ₹331.4 crores, managing expenses at ₹268.41 crores, and achieving a strong PAT (Profit After Tax) of ₹55.47 crores, demonstrating significant growth potential ahead of its public offering.
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2022 | ₹211.73 | ₹162.86 | ₹42.23 |
| FY 2023 | ₹273.55 | ₹226.10 | ₹39.89 |
| FY 2024 | ₹331.4 | ₹268.41 | ₹55.47 |
| FY 2025 (6 M) | ₹182.72 | ₹127.64 | ₹50.08 |
About Company
Founded in 2001, Quality Power Electrical Equipments Limited specializes in providing high-voltage electrical equipment and solutions for grid connectivity and energy transition, focusing on products for the generation, transmission, distribution, and automation sectors. The company plays a key role in the energy transition by manufacturing critical equipment for High Voltage Direct Current (HVDC) and Flexible AC Transmission Systems (FACTS), enabling the integration of renewable energy sources into power grids. With over 20 years of experience, Quality Power offers a range of products, including reactors, transformers, converters, and grid interconnection solutions to clients worldwide.
The company operates manufacturing facilities in Sangli, Maharashtra, and Aluva, Kerala, and also owns a majority stake (51%) in Endoks, a Turkey-based subsidiary involved in design, assembly, and project management. As of March 31, 2024, Quality Power had 210 customers, including power utilities, power industries, and renewable energy companies. Its product portfolio includes power products like transformers and reactors, as well as power quality systems such as static VAR compensators and harmonic filters. The company employs 163 full-time staff and 372 contractual workers.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2001 | Electricals | Thalavaidurai Pandyan |
Know Before Investing
Quality Power IPO Strengths
- Quality Power is poised to capitalize on the global shift towards decarbonization and renewable energy. Their cater to diverse industry segments with power technology solutions.
- With a diversified base of global business clients, Quality Power fosters long-lasting relationships, ensuring a stable demand for its products.
- Quality Power offers a wide range of products in energy transition equipment and power technologies, both in India and abroad. High trade barriers further strengthen their market position.
- The company’s history of strategic acquisitions enhances its order book and contributes to sustainable growth.
- Quality Power is among the few global manufacturers of essential high-voltage equipment for HVDC and FACTS networks. This expertise enables the integration of renewable energy sources into traditional power grids.
- Quality Power Electrical Equipments is a leading Indian company specializing in critical energy transition equipment and power technologies.
- The company’s expertise spans power generation, transmission, distribution, and automation, with a focus on large-scale renewable applications.
Quality Power IPO Risks
- The company is exposed to potential risks related to compliance and internal controls, which could lead to operational errors.
- Improper storage, processing, and handling of raw materials could damage inventories and adversely affect business operations.
- The financing agreement with Axis Bank contains covenants that limit the company’s operational flexibility. Non-compliance could lead to lenders accelerating repayment schedules and enforcing security interests.
- Pro-forma financial information may not accurately reflect future operations, financial position, and cash flows.
- The company has certain contingent liabilities and commitments which, if they materialize, may adversely affect its financials.
- Significant differences exist between Ind AS and other accounting principles, which may materially affect investors’ assessments.
- Failure to obtain, maintain, or renew statutory and regulatory licenses and permits could adversely affect the company’s business and financial condition.
- Certain historical corporate and secretarial records are untraceable and regulatory proceedings or actions could be initiated against it in the future which may impact its financial condition.
Swot Analysis for Quality Power IPO
Strengths
Energy transmission leader, Global presence, Solutions for grid connectivity
Weaknesses
High overseas revenue dependence, HVDC market dependent, Facility disruption risk
Opportunities
R&D focus, Capacity expansion, Industry growth
Threats
Intense competition, Economic factors, Regulatory changes, Supply chain risks
Company Details
Quality Power Electrical Equipments Limited
Plot No. L-61, M.I.D.C, Kupwad Block, Sangli – 416 436
Phone: + 91 233 264 543
Email: [email protected]
Website: http://www.qualitypower.com/
IPO Registar Details
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
FAQs
The key objectives of Quality Power IPO are:
- Payment of the purchase consideration for the acquisition of Mehru Electrical and Mechanical Engineers Private Limited;
- Funding capital expenditure requirements of Company’s for purchase plant and machinery
- Funding inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes.
Pantomath Capital Advisors Private Limited is the book-running lead managers for the Quality Power IPO.
Quality Power IPO has growth potential driven by the increasing demand for energy and infrastructure development. The company’s ability to secure projects, manage operational efficiency, and capitalize on the growing energy sector will determine its long-term success and scalability.
The issue price for the Quality Power IPO is set between ₹401 and ₹425 per share.
To invest in one lot of Quality Power IPO, you need ₹10,426 at the lower price band (₹401 per share) or ₹11,050 at the upper price band (₹425 per share) for a lot size of 26 shares.
Quality Power IPO shares are scheduled to be listed on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on February 24, 2025.
Refund/unblocking of funds for Quality Power IPO will begin on February 20, 2025. ASBA/UPI blocks will be removed within 1 working day.
You can sell shares your Quality Power IPO shares on listing day (February 24, 2025) after they are credited to your demat account. If you want to sell in the pre-open market, the timing for that session is from 9:00 AM to 9:15 AM. Otherwise, you can sell after 10:00 AM during regular trading hours.