The Quality Power IPO is scheduled to open for subscription on February 14, 2025, and will close on February 18, 2025. This book-built issue comprises a fresh issue of ₹225 crore and an offer for sale (OFS) of 1.49 crore equity shares. The IPO allotment is expected to be finalized on February 19, 2025, with the listing anticipated on February 21, 2025, on both BSE and NSE.
Quality Power IPO price band is set at ₹401 to ₹425 per share. Investor quotas are allocated as 10% for retail investors, 75% for Qualified Institutional Buyers (QIBs), and 15% for Non-Institutional Investors (HNIs).
Financially, the company has demonstrated robust growth, reporting ₹331.4 crore in revenue for 2024, an increase from ₹273.55 crore in 2023, alongside a profit surge to ₹55.47 crore in 2024 from ₹39.89 crore in 2023. Given its financial trajectory, the IPO presents a compelling investment opportunity for long-term investors.
Overview of Contents
Quality Power IPO Overview
| Particulars | Details |
|---|---|
| IPO Opening Date | February 14, 2025 |
| IPO Closing Date | February 18, 2025 |
| Issue Type | Book Built Issue |
| Face Value per Share | ₹10 |
| Price Band | ₹401 to ₹425 |
| Total Issue Size | Approx ₹858.70 Crores |
| Fresh Issue Size | Approx ₹225 Crores |
| Offer for Sale (OFS) | Approx 1,49,10,500 Equity Shares |
| Stock Exchange Listing | BSE & NSE |
| Pre-Issue Shareholding | 7,21,50,000 shares |
| Retail Investor Quota | Up to 10% |
| QIB Investor Quota | Up to 75% |
| NII (HNI) Quota | Up to 15% |
| DRHP | Click here |
| RHP | Click here |
Quality Power IPO Lot Size
| 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 |
| B-HNI Minimum | 91 | 2,366 | ₹10,05,550 |
Quality Power IPO Dates
| Event | Date |
|---|---|
| IPO Opens | 14th February 2025 |
| IPO Closes | 18th February 2025 |
| Allotment Finalization | 19th February 2025 |
| Refund Initiation | 20th February 2025 |
| Shares Credited to Demat | 20th February 2025 |
| Listing on Stock Exchanges | 21st February 2025 |
Quality Power IPO Promoter Holding
The company’s promoters include Thalavaidurai Pandyan, Chitra Pandyan, Bharanidharan Pandyan, and the Pandyan Family Trust. Before the IPO, the promoters hold a nearly complete stake in the company, which will dilute post-issue as shares are offered to the public.
| Category | Shareholding |
|---|---|
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 73.91% |
Quality Power IPO Reservation Details
| Investor Category | Reservation Quota |
|---|---|
| Qualified Institutional Buyers (QIBs) | At least 75% of the net offer |
| Non-Institutional Investors (HNIs/NIIs) | At least 15% of the net offer |
| Retail Individual Investors (RIIs) | At least 10% of the net offer |
About Quality Power IPO
Incorporated in 2001, Quality Power Electrical Equipments Limited specializes in energy transition equipment and power technologies, providing high-voltage electrical solutions for power generation, transmission, distribution, and automation.
The company manufactures critical high-voltage equipment for HVDC and FACTS networks, enabling the integration of renewable energy into power grids. With over 20 years of experience, it serves 210 global customers, including power utilities and renewable energy firms.
Operating from manufacturing units in Maharashtra and Kerala, the company also holds a 51% stake in Endoks, Turkey. Its diverse product portfolio includes reactors, transformers, converters, and power quality systems, making it a key player in the global energy transition market.
Quality Power IPO Financial Performance
| Financial Metrics | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Total Assets (₹ Cr) | 399.64 | 358.88 | 312.24 | 252.86 |
| Total Revenue (₹ Cr) | 182.72 | 331.40 | 273.55 | 211.73 |
| Profit After Tax (₹ Cr) | ✅ 50.08 | ✅ 55.47 | ✅ 39.89 | ✅ 42.23 |
| Net Worth (₹ Cr) | 238.63 | 190.33 | 175.66 | 160.29 |
| Reserves & Surplus (₹ Cr) | 150.43 | 162.56 | 153.86 | 149.76 |
| Total Borrowing (₹ Cr) | 25.55 | 38.28 | 10.61 | 11.52 |
Quality Power IPO – Key Valuation Metrics (FY 2024)
| Metric | Value |
|---|---|
| Return on Net Worth (RoNW) | 29.15% |
| Return on Capital Employed (ROCE) | 19.20% |
| Earnings Per Share (EPS) – Basic | ₹5.19 |
| Price-to-Earnings (P/E) Ratio | N/A |
| EBITDA Margin | 12.68% |
| Profit After Tax (PAT) Margin | 16.74% |
| Debt-to-Equity Ratio | 0.20 |
| Net Asset Value (NAV) per Share | ₹26.38 |
Peer Group Comparison
| Company | Revenue (₹ Cr.) | EPS (₹) | P/E Ratio | Return on Net Worth (RoNW %) | Net Asset Value (₹) |
|---|---|---|---|---|---|
| Transformers & Rectifiers (India) Ltd | 1,294.68 | 3.24 | 251.51 | 8.35% | 39.49 |
| GE T&D India Ltd | 3,167.91 | 7.07 | 241.90 | 14.57% | 48.54 |
| Hitachi Energy India Ltd | 5,237.49 | 38.64 | 308.63 | 12.04% | 320.86 |
Objects of the Issue ✅
- Acquisition of Mehru Electrical and Mechanical Engineers Pvt. Ltd.
- Investment in plant & machinery for expansion 🚀
- Funding future acquisitions & strategic initiatives
- General corporate purposes
Quality Power IPO Review
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IPO Lead Managers aka Merchant Bankers
- Pantomath Capital Advisors Pvt Ltd
Quality Power 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
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: http://www.qualitypower.com/
Quality Power IPO FAQs
What is the Quality Power IPO open and close date?
The IPO opens on February 14, 2025, and closes on February 18, 2025.
What is the issue size of Quality Power IPO?
The IPO comprises a fresh issue of ₹225 crores and an offer for sale of 1.49 crore shares.
When will the allotment be finalized?
The allotment is expected on February 19, 2025.
On which exchanges will Quality Power IPO be listed?
The IPO will be listed on BSE and NSE on February 21, 2025.
What is the face value and price band of the IPO?
The face value is ₹10 per share, and price band is set at ₹401 to ₹425 per share
Should investors apply for the IPO?
Based on strong financials and growth potential, long-term investors may consider applying.