Quality Power Electrical Equipments IPO: Date, Price, GMP, & Details

Quality Power Electrical Equipment is launching its initial public offering (IPO) to raise ₹858.7 crore. The upcoming IPO opens to the public on February 14, 2025, and closes on February 18, 2025. Anchor investors can subscribe on February 13, 2025. The IPO consists of a fresh issue of shares worth ₹225 crore and an offer for sale (OFS) of 1.50 crore shares, which is valued at ₹633.7 crore at the upper price band.

Quality Power Electrical Equipments IPO

The price band for the IPO is fixed at ₹401 to ₹425 per share. Investors can bid for a minimum of 26 equity shares and in multiples of 26 thereafter. The minimum investment required is ₹11,050. The company intends to list its shares on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). The expected listing date is February 21, 2025.

Also read: Ajax Engineering Limited IPO: IPO Date, Price, GMP, & Details

Quality Power Electrical Equipments IPO Details

Quality Power 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 of ₹10(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

For more information, refer to the Quality Power IPO RHP.

Quality Power Electrical Equipments Financials

Period Ended	30 Sep 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets (in ₹ cr.)	399.64	358.88	312.24	252.86
Revenue (in ₹ cr.)	182.72	331.4	273.55	211.73
Profit After Tax (in ₹ cr.)	50.08	55.47	39.89	42.23
Net Worth (in ₹ cr.)	238.63	190.33	175.66	160.29
Reserves and Surplus (in ₹ cr.)	150.43	162.56	153.86	149.76
Total Borrowing (in ₹ cr.)	25.55	38.28	10.61	11.52

Quality Power IPO GMP

The Grey Market Premium (GMP) for the Quality Power IPO has shown an upward trend recently. On February 8, the GMP was ₹35, but by February 10, it had surged to ₹115, indicating increased investor interest and positive sentiment in the grey market. However, potential investors should be aware that GMP is dynamic and can change rapidly, so it’s essential to consider other factors before making investment decisions.

Quality Power IPO Objectives

Quality Power Electrical Equipment plans to utilise the funds raised through its IPO for several key objectives.

A significant portion of the proceeds is earmarked for the acquisition of Mehru Electrical and Mechanical Engineers Pvt Ltd, enhancing the company’s capabilities and market presence.
Additionally, the funds will be used to meet capital expenditure requirements, specifically for purchasing plant and machinery to bolster production capacity and technological advancement.
A portion of the proceeds will also be allocated for general corporate purposes, providing flexibility for strategic initiatives and operational needs.

About Quality Power Electrical Equipment Limited

Quality Power Electrical Equipment is an Indian company that serves global clients with critical energy transition equipment and power technologies. It specialises in high-voltage electrical equipment and solutions for grid connectivity and energy transition.

The company provides products across power generation, transmission, distribution, and automation sectors, with solutions tailored for large-scale renewables and emerging applications. The company has two manufacturing operations in India, located in Sangli, Maharashtra, and Aluva, Kerala.

In terms of financials, the company reported a net profit of ₹55.47 crore in FY24 with revenues of nearly ₹301 crore. In FY23, the net profit and revenue were ₹39.89 crore and ₹253.25 crore, respectively. The company generates a majority of its revenue from international operations, with approximately 76% and 73% in FY24 and FY23, respectively.

Company Strengths

Indian company serving global clients.
Focuses on high-voltage electrical equipment and energy transition and grid connection solutions.
Technology-driven firm.