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.
The Company’s 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.
As of March 31, 2024, the company has 163 full-time employees and 372 contractual workers.
Quality Power Electrical Equipments IPO – Details
| IPO Opening Date | 14 February 2025 |
| IPO Closing Date | 18 February 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: [] Shares Worth ₹[] Crore Fresh Issue: [] Shares Worth ₹225.00 Crore Offer for Sale: 1,49,10,500 Shares Worth ₹[] Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹[] – ₹[] per share |
| Market Lot | – |
| Min Order | – |
| Listing At | BSE, NSE |
| Register | Link Intime India Private Ltd |
| QIB Shares Offered | 75% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 10% |
Quality Power Electrical Equipments IPO – Date Schedule
| IPO Open Date | 14 February 2025 |
| IPO Close Date | 18 February 2025 |
| Basis of Allotment | 20 February 2025 |
| Initiation of Refund | 20 February 2025 |
| Credit of Shares to Demat Account | 21 February 2025 |
| IPO Listing Date | 24 February 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 18, 2025 |
Quality Power Electrical Equipments IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | – | – | ₹ |
| Retail (Max) | – | – | ₹ |
| S-HNI (Min) | – | – | ₹ |
| S-HNI (Max) | – | – | ₹ |
| B-HNI (Min) | – | – | ₹ |
Competitive Strengths
- 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.
Company Promoters
- Thalavaidurai Pandyan
- Chitra Pandyan
- Bharanidharan Pandyan
- Pandyan Family Trust
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 211.73 | 162.85 | 42.22 | 11.51 |
| 31 March 2022 | 273.55 | 226.09 | 39.89 | 10.60 |
| 31 March 2023 | 331.40 | 268.41 | 55.47 | 38.27 |
| 30 September 2024 | 182.71 | 127.63 | 50.07 | 25.55 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 29.15% |
| ROCE | 19.20% |
| Debt/Equity | 0.20 |
| RoNW | 29.15% |
| PAT Margin | 16.74 |
| Pre IPO | Post IPO | |
| EPS (Rs) | – | |
| P/E (x) | – |
Object Of The Issue
- 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.
Quality Power Electrical Equipments IPO Peer Comparison
| S. No. | Face Value | Company Name | PE |
| 1 | 1 | Transformers & Rectifiers (India) Limited | 251.51 |
| 2 | 2 | Hitachi Energy India Ltd | 308.63 |
| 3 | 2 | GE Vernova T&D India Limited | 241.90 |
Quality Power Electrical Equipments IPO Promoter Holding
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding | – |
Quality Power Electrical Equipments IPO Prospectus
Company Contact Information
| Quality Power Electrical Equipments Limited Plot No. L-61, M.I.D.C, Kupwad Block, Sangli – 416 436 Phone: + 91 233 264 543 Email: investorgrievance@qualitypower.co.in Website: http://www.qualitypower.com/ |
Quality Power Electrical Equipments IPO Registrar
| Link Intime India Private 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 Equipments IPO Lead Manager(s)
| 1. Pantomath Capital Advisors Private Limited |
Quality Power Electrical Equipments IPO FAQs
| What is Quality Power Electrical Equipments IPO? Quality Power Electrical Equipments IPO is a main-board IPO. The issue is priced at ₹[] to ₹[] per equity share. The IPO is to be listed on BSE & NSE. |
| When Quality Power Electrical Equipments IPO will open? The IPO is to open on 14 February 2025 for QIB, NII, and Retail Investors. |
| What is Quality Power Electrical Equipments IPO Investors Portion? The investors’ portion for QIB – 75%, NII – 15%, and Retail – 10%. |
| How to Apply the Quality Power Electrical Equipments IPO? You can apply Quality Power Electrical Equipments IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Quality Power Electrical Equipments IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Quality Power Electrical Equipments IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Quality Power Electrical Equipments IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Quality Power Electrical Equipments IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Quality Power Electrical Equipments IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Quality Power Electrical Equipments IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Quality Power Electrical Equipments IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Quality Power Electrical Equipments IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Quality Power Electrical Equipments IPO Size? Quality Power Electrical Equipments IPO size is ₹[] Crore. |
| What is the Quality Power Electrical Equipments IPO Price Band? Quality Power Electrical Equipments IPO Price Band is ₹[] to ₹[]. |
| What is Quality Power Electrical Equipments IPO Minimum and Maximum Lot Size for Retail? The minimum bid is [] Shares with ₹[] amount while the maximum bid is [] Shares with ₹[]. |
| What is the Quality Power Electrical Equipments IPO Allotment Date? Quality Power Electrical Equipments IPO allotment date is 20 February 2025. |
| What is the Quality Power Electrical Equipments IPO Listing Date? Quality Power Electrical Equipments IPO listing date is 24 February 2025. The IPO is to be listed on BSE and NSE. |
