The Quality Power IPO is scheduled to open on February 14, 2025, and will close on February 18, 2025. This IPO is a Book Built Issue, with the company aiming to raise approximately ₹858.70 crores. The total offering includes a fresh issue of ₹225 crores and an offer for sale of up to 1,49,10,500 equity shares, each with a face value of ₹10.
The price band for the Quality Power IPO is set between ₹401 and ₹425 per share. The allocation is divided into 10% for retail investors, 75% for Qualified Institutional Buyers (QIB), and 15% for High Net-worth Individuals (HNI). The IPO will be listed on both the BSE and NSE on February 21, 2025, with the allotment date set for February 19, 2025.
In terms of financials, Quality Power reported a revenue of ₹331.4 crores for 2024, up from ₹273.55 crores in 2023. The company’s profit also grew to ₹55.47 crores in 2024, compared to ₹39.89 crores in 2023. Given these promising figures, investors are encouraged to consider applying for the IPO with a long-term investment perspective.
Quality Power IPO Details
- IPO Opening Date: February 14, 2025
- IPO Closing Date: February 18, 2025
- Face Value: ₹10 Per Equity Share
- Price Band: ₹401 to ₹425 Per Share
- Issue Size: Approximately ₹858.70 Crores
- Fresh Issue: Approximately ₹225 Crores
- Offer for Sale: Approximately 1,49,10,500 Equity Shares
- Issue Type: Book Built Issue
- Listing on: BSE & NSE
- Retail Investor Quota: Up to 10%
- QIB Quota: Up to 75%
- NII Quota: Up to 15%
- DRHP Draft Prospectus: [Click Here]
- RHP Draft Prospectus: [Click Here]
- IPO Note: [Click Here]
- Anchor Investors List: [Click Here]
Quality Power IPO Market Lot
The minimum market lot for the Quality Power IPO is 26 shares, requiring an application amount of ₹11,050. Retail investors can apply for up to 18 lots, totaling 468 shares, with a total application amount of ₹1,98,900.
| Application Type | 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 |
| B-HNI Minimum | 91 | 2,366 | ₹10,05,550 |
Quality Power IPO Dates
The Quality Power IPO will open on February 14, 2025, and close on February 18, 2025. The allotment of shares will be finalized on February 19, 2025, followed by the listing on February 21, 2025.
- IPO Opening Date: February 14, 2025
- IPO Closing Date: February 18, 2025
- Basis of Allotment: February 19, 2025
- Refunds: February 20, 2025
- Credit to Demat Account: February 20, 2025
- IPO Listing Date: February 21, 2025
Promoters of Quality Power IPO
The promoters of Quality Power are Thalavaidurai Pandyan, Chitra Pandyan, Bharanidharan Pandyan, and the Pandyan Family Trust.
About Quality Power IPO
Quality Power Electrical Equipment, established in 2001, is a leading provider of high-voltage electrical equipment and solutions, focusing on grid connectivity, energy transitions, and renewable energy applications. The company is committed to delivering advanced power generation, transmission, distribution, and automation solutions. Known for its expertise in energy transition technologies, Quality Power is one of the few companies globally offering critical high-voltage equipment for High Voltage Direct Current (HVDC) and Flexible AC Transmission Systems (FACTS). The company serves a wide range of international clients, including Fortune 500 companies and large conglomerates, ensuring that their manufacturing facilities in Sangli, Maharashtra, and Aluva, Kerala, meet stringent operational standards. As of March 31, 2024, Quality Power employs 163 full-time staff and 372 contract workers.
Quality Power IPO Financial Report
For the financial year 2024, Quality Power reported a revenue of ₹331.4 crores, up from ₹273.55 crores in 2023. The company’s profit also saw a significant increase, rising to ₹55.47 crores in 2024 from ₹39.89 crores in 2023.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
|---|---|---|---|---|
| 2022 | ₹211.73 | ₹162.86 | ₹42.23 | ₹252.86 |
| 2023 | ₹273.55 | ₹226.10 | ₹39.89 | ₹312.24 |
| 2024 | ₹331.4 | ₹268.41 | ₹55.47 | ₹358.88 |
| September 2024 | ₹182.72 | ₹127.64 | ₹50.08 | ₹399.64 |
Quality Power IPO Valuation – FY2024
The following are key financial metrics for Quality Power’s IPO:
| KPI | Values |
|---|---|
| ROE | 29.15% |
| ROCE | 19.20% |
| EBITDA Margin | 12.68% |
| PAT Margin | 16.74% |
| Debt to Equity Ratio | 0.20 |
| Earnings Per Share (EPS) | ₹5.19 (Basic) |
| Price/Earnings (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 29.15% |
| Net Asset Value (NAV) | ₹26.38 |
Peer Group Comparison
| Company | EPS | P/E Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Transformers & Rectifiers (India) Limited | 3.24 | 251.51 | 8.35 | 39.49 | ₹1,294.68 Cr. |
| Hitachi Energy India Ltd | 38.64 | 308.63 | 12.04 | 320.86 | ₹5,237.49 Cr. |
| GE T&D India Limited | 7.07 | 241.90 | 14.57 | 48.54 | ₹3,167.91 Cr. |
Objects of the Issue
- To pay for the purchase consideration related to the acquisition of Mehru Electrical and Mechanical Engineers Private Limited.
- To fund the capital expenditure requirements for purchasing plant and machinery.
- To support inorganic growth through strategic acquisitions and other initiatives.
- For general corporate purposes.
Quality Power IPO Review
- IPO Watch: May Apply
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Quality Power IPO Registrar
- Registrar: Link Intime India Private Ltd
- Phone: +91-22-4918 6270
- Email: qualitypower.ipo@linkintime.co.in
- Website: linkintime.co.in
IPO Lead Managers (Merchant Bankers)
- Lead Manager: Pantomath Capital Advisors Pvt Ltd
Company Address
- 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: qualitypower.com
Quality Power IPO FAQs
- What is Quality Power IPO?
Quality Power IPO is a Mainboard IPO. The company aims to raise ₹858.70 crores through the IPO. The issue is priced between ₹401 to ₹425 per equity share and will be listed on BSE & NSE. - When will Quality Power IPO open for subscription?
The IPO will open for subscription on February 14, 2025, for QIB, NII, and Retail Investors, and close on February 18, 2025. - What is the Quality Power IPO investor’s portion?
The portion for QIB is 75%, NII is 15%, and Retail is 10%.
How to Apply for the Quality Power IPO?
You can apply for the Quality Power IPO through ASBA online via your bank account. Alternatively, you can apply using UPI through your stock broker. You may also apply offline by filling out the application form provided by your stock broker.
1. What is the Quality Power IPO Issue Size?
The total issue size of the Quality Power IPO is ₹858.70 crores.
2. What is the Quality Power IPO Price Band?
The price band for the Quality Power IPO ranges from ₹401 to ₹425 per equity share.
3. What is the Quality Power IPO Lot Size?
The minimum bid for the Quality Power IPO is 26 shares, with an application amount of ₹11,050.
4. What is the Quality Power IPO Allotment Date?
The IPO allotment date for Quality Power is February 19, 2025.
5. What is the Quality Power IPO Listing Date?
The listing date for the Quality Power IPO is February 21, 2025.
