Quality Power IPO
- IPO Date14 Feb, 2025 to 18 Feb, 2025
- Listing Date21 Feb, 2025
- Face Value₹10 per share
- Issue Price₹401 to ₹425 per share
- Lot Size26 Shares
- Minimum Investment₹11,050
- Listing AtBSE, NSE
- Total Issue Size2,02,04,618 Shares
(aggregating up to ₹858.70 Cr) - Fresh Issue52,94,118 Shares
(aggregating up to ₹225.00 Cr)
- Offer for Sale1,49,10,500 Shares
(aggregating up to ₹633.70 Cr) - Issue TypeBook Built Issue IPO
- Share holding pre issue7,21,50,000
- Shareholding post issue7,74,44,118
IPO Dates
Closing Date
18 Feb, 2025
Initiation of Refunds
20 Feb, 2025
Listing Date
21 Feb, 2025
14 Feb, 2025
Opening Date
19 Feb, 2025
Basis of Allotment
20 Feb, 2025
Credit of Shares
Quality Power Lot Size
Investors can bid for a minimum of 26 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| S-HNI (Max) | 90 | 2340 | ₹9,94,500 |
| Retail (Max) | 18 | 468 | ₹1,98,900 |
| Retail (Min) | 1 | 26 | ₹11,050 |
| B-HNI (Min) | 91 | 2366 | ₹10,05,550 |
| S-HNI (Min) | 19 | 494 | ₹2,09,950 |
Quality Power Promoter Holding
Thalavaidurai Pandyan, Chitra Pandyan, Bharanidharan Pandyan and Pandyan Family Trust are the Promoters of the Company.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 100% | 73.91% |
Quality Power COMPANY INFORMATION
Quality Power IPO is a book built issue of Rs 858.70 crores. The issue is a combination of fresh issue of 0.53 crore shares aggregating to Rs 225.00 crores and offer for sale of 1.49 crore shares aggregating to Rs 633.70 crores. Quality Power IPO opens for subscription on February 14, 2025 and closes on February 18, 2025. The allotment for the Quality Power IPO is expected to be finalized on Wednesday, February 19, 2025. Quality Power IPO will be list on BSE, NSE with a tentative listing date fixed as Friday, February 21, 2025. Quality Power IPO price band is set at ₹401 to ₹425 per share. The minimum lot size for an application is 26. The minimum amount of investment required by retail investors is ₹11,050. The minimum lot size investment for sNII is 19 lots (494 shares), amounting to ₹2,09,950, and for bNII, it is 91 lots (2,366 shares), amounting to ₹10,05,550. Pantomath Capital Advisors Pvt Ltd is the book running lead manager of the Quality Power IPO, while Link Intime India Private Ltd is the registrar for the issue.
Incorporated in 2001, 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.
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.
Competative Strength:
- 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
Quality Power Electrical Equipments IPO
IPO Overview and Key Highlights
Quality Power Electrical Equipments, a Maharashtra-based manufacturer of power and electrical equipment, is launching its Initial Public Offering (IPO). The IPO consists of a fresh issue of equity shares aggregating up to ₹2,250 million and an Offer for Sale (OFS) of 14,910,500 equity shares by promoter Chitra Pandyan. The funds raised will be utilized for business expansion, working capital, and general corporate purposes. The shares will be listed on both the NSE and BSE.
Key IPO Details
- Type of Issue • 100% Book Built Issue
- Total Issue Size • Fresh Issue of up to ₹2,250 million + OFS of 14,910,500 equity shares
- Face Value • ₹10 per share
- Price Band • To be determined
- Offer Opens • February 14, 2025
- Offer Closes • February 18, 2025
- Listing Exchange • NSE & BSE
- Offer Structure • QIBs, NIIs, and RIIs allocation as per SEBI regulations
Company Overview
Quality Power Electrical Equipments was originally incorporated as Quality Power Electrical Equipments Private Limited in 2001 and later converted into a public company in 2024. The company is engaged in the manufacturing and supply of electrical transformers, switchgear, and power distribution products.
- Promoters • Thalavaidurai Pandyan, Chitra Pandyan, Bharanidharan Pandyan, and Pandyan Family Trust
- Headquarters • Sangli, Maharashtra
- Corporate Identification Number (CIN) • U31102PN2001PLC016455
Financial Overview
Quality Power Electrical Equipments has exhibited strong financial performance, benefiting from growing demand for power equipment and infrastructure projects. The IPO proceeds will be used to expand production capacity, enhance R&D capabilities, and improve financial stability.
Key Strengths of Quality Power Electrical Equipments
- Established Industry Presence • Over two decades of experience in the power sector.
- Diverse Product Portfolio • Includes transformers, switchgear, and electrical components.
- Expansion Plans • Focus on domestic and international market growth.
- Experienced Management • Led by industry professionals with technical expertise.
IPO Pros and Cons
Pros
- Growing Power Sector • Increased demand for electrical equipment in India’s infrastructure boom.
- Government Incentives • Supportive policies for power sector growth.
- Proceeds Utilization • Funds allocated for capacity expansion and new product development.
Cons
- Market Dependency • Revenue tied to industrial and infrastructure development.
- Competitive Industry • Faces competition from domestic and global players.
- Raw Material Costs • Fluctuations in material prices may impact profitability.
Risk Factors
Potential investors should consider the following risks before investing:
- Sector Volatility • Business performance depends on power and infrastructure spending.
- Operational Challenges • Scaling production while maintaining quality and cost efficiency.
- Regulatory Compliance • Adherence to government regulations and industry standards.
Conclusion
The Quality Power Electrical Equipments IPO presents an opportunity to invest in a leading power equipment manufacturer with strong industry presence. However, since it includes a significant Offer for Sale, a portion of the raised capital will go to the selling shareholder rather than the company. Investors should evaluate factors like market dependency, competition, and regulatory risks before making a decision.
FAQs About Quality Power Ipo
Quality Power IPO will open on 14 Feb, 2025 and close on 18 Feb, 2025. Investors must apply within this period to participate.
The Quality Power IPO price band is set between ₹401.00 and ₹425.00 per share. The minimum lot size is 26, requiring an investment of at least ₹11050.00.
The Quality Power IPO shares are expected to be listed on 21 Feb, 2025, subject to regulatory approvals and final allotment.
You can track your Quality Power IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Quality Power IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.