Quality Power Electrical Equipments IPO Price: ₹401 to ₹425 per share
IPO Dates: 14 February 2025 – 18 February 2025
Company Overview
Incorporated in 2001, Quality Power Electrical Equipments Limited is a key player in the energy transition equipment and power technology sector. The company specializes in manufacturing high-voltage electrical equipment and solutions that enable grid connectivity and energy transition. With a strong foothold in power generation, transmission, distribution, and automation, it provides advanced power products essential for modernizing electrical networks.
Product Portfolio
Quality Power offers a diverse range of power products and quality systems designed to enhance energy efficiency and grid stability.
- Power Products: Reactors, transformers, line traps, instrument transformers, line tuners, metal-enclosed capacitor banks, and composite solutions.
- Power Quality Systems: Static VAR compensators (SVCs), STATCOMs, harmonic filters, capacitor banks, and shunt reactors. These solutions play a crucial role in integrating renewable energy sources into power grids and ensuring reliable power transmission.
Manufacturing & Global Presence
The company operates two advanced manufacturing facilities located in Sangli, Maharashtra, and Aluva, Kerala. In 2011, it expanded its global footprint by acquiring a 51% stake in Endoks, a Turkey-based subsidiary with expertise in design, assembly, and project management.
The manufacturing operations adhere to stringent international quality standards, and its Test & Research Lab in Sangli is accredited with ISO 17025:2017 by the National Accreditation Board for Testing and Calibration Laboratories (NABL). Additionally, its facilities hold ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications, ensuring compliance with quality management, environmental, and occupational health standards. The company has also been recognized as a ‘One Star Export House’ by the Directorate General of Foreign Trade, reflecting its commitment to global trade.
Technological Expertise in Energy Transition
Quality Power is among the few global manufacturers specializing in high-voltage equipment for High Voltage Direct Current (HVDC) and Flexible AC Transmission Systems (FACTS). These technologies are critical for energy transition, allowing efficient transmission of renewable energy from remote locations to urban centers. HVDC enables long-distance power transfer with minimal energy loss, while FACTS devices, such as STATCOMs, ensure grid stability by managing voltage fluctuations and reactive power compensation.
Competitive Strengths
The company’s strong market position is driven by several competitive advantages:
- Global Energy Transition Player: A well-established name in power technology, catering to diverse industry segments worldwide.
- Proven Growth and Financial Performance: Demonstrated track record of financial stability and business expansion.
- Diversified Customer Base: Serving power utilities, industries, and renewable energy entities across multiple regions.
- Comprehensive Product Portfolio: Offering end-to-end solutions for energy transition and power automation.
- Strategic Acquisitions & R&D Capabilities: Investments in advanced research and acquisitions, including Endoks, have strengthened the company’s global presence and technological edge.
- Experienced Leadership: A management team with deep domain expertise in power technologies and energy transition solutions.
Workforce & Customer Base
As of March 31, 2024, the company employed 163 full-time professionals and 372 contractual workers. It has established long-term relationships with 210 customers, including major power utilities and renewable energy companies worldwide.
Contribution to Sustainability and Green Energy
Quality Power’s solutions align with global decarbonization efforts and sustainability initiatives. Its products facilitate seamless energy transition, improve grid resilience, and support the integration of renewable energy into the power infrastructure. By offering cutting-edge technology-driven solutions, the company continues to play a pivotal role in the modernization and efficiency enhancement of electrical networks worldwide.
Bidding Starts In
Quality Power Electrical Equipments IPO Specifics:
| IPO Date | February 14, 2025 to February 18, 2025 |
| Listing Date | Friday, February 21, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹401 to ₹425 per share |
| Lot Size | 26 Shares |
| Total Issue Size | 2,02,04,618 shares (aggregating up to ₹858.70 Cr) |
| Fresh Issue | 52,94,118 shares (aggregating up to ₹225.00 Cr) |
| Offer For Sale | 1,49,10,500 shares (aggregating up to ₹633.70 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 7,21,50,000 shares |
| Share Holding Post Issue | 7,74,44,118 shares |
Quality Power Electrical Equipments IPO Timetable (Important Dates)
| IPO Open Date | Friday, February 14, 2025 |
| IPO Close Date | Tuesday, February 18, 2025 |
| Basis of Allotment | Wednesday, February 19, 2025 |
| Initiation of Refunds | Thursday, February 20, 2025 |
| Credit of Shares to Demat | Thursday, February 20, 2025 |
| Listing Date | Friday, February 21, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 18, 2025 |
Quality Power Electrical Equipments IPO Lot Size
Bidders have the opportunity to bid for a minimum of 26 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.
| 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 Equipments IPO Reservation
| QIB Shares Offered | Not more than 75% of the Net offer |
| Retail Shares Offered | Not less than 10% of the Offer |
| NII (HNI) Shares Offered | Not less than 15% of the Offer |
Quality Power Electrical Equipments Limited IPO Financial Information
| Period Ended | 31 Mar 2022 | 31 Mar 2023 | 31 Mar 2024 | 30 Sep 2024 |
|---|---|---|---|---|
| Assets | 252.86 | 312.24 | 358.88 | 399.64 |
| Revenue | 211.73 | 273.55 | 331.4 | 182.72 |
| Profit After Tax | 42.23 | 39.89 | 55.47 | 50.08 |
| Net Worth | 160.29 | 175.66 | 190.33 | 238.63 |
| Reserves and Surplus | 149.76 | 153.86 | 162.56 | 150.43 |
| Total Borrowing | 11.52 | 10.61 | 38.28 | 25.55 |
Key Performance Indicator – Quality Power Electrical Equipments IPO
| KPI | Values |
|---|---|
| Market Cap | ₹ 3,291.38 Cr |
| EPS | ₹7.69 |
| P/E (x) | 55.28 |
| ROE | 29.15% |
| ROCE | 19.20% |
| Debt/Equity | 0.20 |
| RoNW | 29.15% |
| PAT Margin | 16.74 |
Objects of the Issue:
The net proceeds from the fresh issue are planned to be utilized for the following purposes:
- Payment towards the acquisition of Mehru Electrical and Mechanical Engineers Private Limited.
- Funding capital expenditure for the purchase of plant and machinery.
- Supporting inorganic growth through future acquisitions and strategic initiatives.
- General corporate purposes.
The company will not receive any proceeds from the Offer for Sale, and these funds will not be included in the net proceeds.
Prospectus Links:
Prospectus: Official documents that provide detailed information about the IPO and the company.
