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Quality Power Electrical Equipments Rs. 858.7 crore IPO Opens on 14 February 2025 Price Band Set at Rs 401-425 per share

Posted By: Sachin Murdeshwar February 10, 2025

Quality Power IPO (L-R):
1. Mr Siddharth Bhamre, Head of Research, Pantomath Capital Advisors Private Limited
2. Mr Mahavir Lunawat, Founder,Pantomath Capital Advisors Private Limited
3. Mr Rajesh Jayaraman, Chief Financial Officer, Quality Power Electrical Equipments Limited
4. Mr Bharanidharan Pandyan, Joint Managing & Whole-time Director, Quality Power Electrical Equipments Limited
5. Mr Rajendra Iyer, Independent Director, Quality Power Electrical Equipments Limited
6. Ms Sarika Jadhav, Senior Vice President- Finance, Quality Power Electrical Equipments Limited

MUMBAI, 10 FEBRUARY, 2025 (GPN):  Quality Power Electrical Equipments IPO price band has been fixed in the range of Rs. 401 to Rs. 425 per equity share of the face value of Rs. 10. The subscription period for the Quality Power IPO is scheduled from Friday, February 14, to Tuesday, February 18. The allocation to anchor investors for the Quality Power Electrical Equipments IPO is scheduled to take place on Thursday, February 13.

The mainline IPO issue size is Rs. 858.70 Cr.The IPO consists of Rs. 225.00 Cr fresh issue and Rs. 633.70 Cr offer for sale. You can apply to the Quality Power Mainline IPO for a minimum lot of 26 shares amounting of Rs 11050.

Further, the IPO of the Sangli-based company will comprise both, a fresh issue and offer for sale (OFS), with the fresh issue size pegged at Rs 225 crore. The OFS component will comprise of 1.2 crore equity shares by promoter Chitra Pandyan.
In the IPO, Quality Power has reserved 75% of the shares in the public issue for qualified institutional buyers (QIB), 15% for non-institutional Institutional Investors (NII), and 10% of the offer is reserved for retail investors.
Tentatively, Quality Power IPO’s basis of allotment of shares will be finalised on Wednesday, February 19, and the company will initiate refunds on Thursday, February 20, while the shares will be credited to the demat account of allottees on the same day following refund. Quality Power share price is likely to be listed on BSE and NSE on Friday, February 21.
Quality Power Electrical Equipments operates in the domain of energy transition technology and electrical solutions. The firm offers high-voltage electrical devices and services aimed at enhancing grid connectivity and facilitating energy transition, with a focus on power solutions across the generation, transmission, distribution, and automation fields.
Quality Power Electrical is a leading Indian player in the field of critical energy transmission equipments. The company offers high voltage electrical equipments and solutions for electrical grid connectivity and energy transition. It is among the few global manufacturers of high voltae equipments for High Voltage Direct Current (“HVDC”) and Flexible AC Transmission Systems (“FACTS”) networks.
The products offerings include reactors, transformers, line traps, instrument transformers, capacitor banks, converters, harmonic filters, and reactive power compensation systems. It further provide grid interconnection solutions using STATCOM and Static var compensator systems. The firm specializes in power products and solutions across power generation, transmission, and distribution.
It has manufacturing units in Sangali, Maharashtra and Aluva, Kerala. Its operating facilities are accredited as ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 by TUV India Private Limited.
The business has acquired 51% stake in Endonks Enerji for global expansion.
The IPO Key  strengths are 1)Global energy transition and power technology player catering to various industries. 2)Comprehensive product portfolio in the energy transition equipment. 3) Robust track record of financial performance 4) Diversified customer base and long-standing relationship. 5) Strong Research & development (R&D) capabilities.

The Net Proceeds of the Fresh Issue are proposed to be utilized in the following manner:

  1. Payment of the purchase consideration for the acquisition of Mehru Electrical and Mechanical Engineers Private Limited
  2. Funding capital expenditure requirements of the Company for purchase plant and machinery
  3. Funding inorganic growth through unidentified acquisitions and other strategic initiatives
  4. General Corporate Purposes.
In terms of financials, As per Company’s Proforma Consolidated Financial Information, during Fiscal 2024 and the six-month period ended September 30, 2024, the Consolidated Revenue from Operations was Rs. 5,190.49 million and Rs. 2,672.24 million respectively. Consolidated Profit after tax for the same period was Rs. 656.96 million and Rs. 537.88 million respectively.

For the six-month period ended September 30, 2024, revenue from operations in Quality Power Group and acquired entity Mehru (Standalone) was Rs. 1,557.38 million  and Rs. 1,116.80 respectively and profit after tax for the same period was Rs. 500.78 million and Rs. 49.03 million respectively.

Incidentally, the company derives a majority of its revenue from its international operations – the share was nearly 76 percent and 73 percent in FY24 and FY23, respectively.

Pantomath Capital is the sole merchant banker managing the IPO of Quality Power Electrical Equipment.
RHP Link:  https://pantomath-web.s3.ap-south-1.amazonaws.com/1738934165984-QualityPowerElectricalEquipmentsLimited.pdf

About the Author

Sachin Murdeshwar
Sachin Murdeshwar is a Sr.Journalist and Columnist in several Mainline Newspapers and Portals.He is an ardent traveller and likes to explore destinations to the core.

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