Quality Power IPO
Quality Power IPO is a combination of fresh issue and Offer for Sale. Company’s 858.7 crore IPO will start on Friday, 14 2025. Company engages in the business of energy transition equipment and power technologies. Size of Quality Power IPO is 858.70 crore and this is a combination of fresh issue of 0.53 crore equity shares amounting to 225 crore offer for sale of 1.49 crore equity shares amounting to 633.7 crore.
More Details about Quality Power Equipment Limited
Company Incorporated in 2001. Quality Power company operates in the business of energy transition technology and electrical solutions. Company provides high voltage electrical equipment for grid connectivity and energy transitions. Company is specialized in power products across generation, transmission, distribution and automation sectors. Company has experience of more than 20 years and offers reactors, transformers, converters and grid interconnection solutions globally. Company has manufacturing facility in Sangli, Maharashtra and Alava, Kerala. Company has 51 percent stake in Turkey based subsidiary Endoks.
Quality Power IPO Timeline
IPO of Quality Power opens on Friday, 14 February 2025 and closes on Tuesday, 18 February 2025. Allotment of this IPO will be finalized on Wednesday, 19 February 2025. Credit of shares/ initiation of refunds will start on next day on Thursday, 20 February 2025 and expected tentative date of listing is 21 February 2025 of this IPO.
Price-band and Lot size
Quality Power IPO price-band has been fixed between 401 to 425 per equity share. Face value of a equity share has fixed at Rs. 10. One lot of this IPO has 26 shares. A retail investor requires Rs. 11,050 to apply for one lot in this IPO and in multiples there of. If anyone wants to apply in the category of small HNI, minimum requirement is 19 lot(494 shares) amounting to Rs. 2,09,950 and in this category a investor can apply for maximum 90 lot(2,340 shares) amounting to Rs. 9,94,500 and in the category of big HNI the minimum requirement is 91 lots(2,366 shares) amounting to Rs. 10,05,550.
Reservation in Quality Power IPO
Not less than 75 percent of the net offer is reserved for Qualified Institutional Buyers, Not less than 10 percent of the net offer is reserved for Retailers and quota for HNI is 15 percent in this Quality Power IPO.
Promoter of Quality Power Company
Thalavaidurai Pandyan, Chitra Pandyan, Bharanidharan Pandyan and Pandyan Family trust are the promoters of this company and before this IPO promoters owns 99.99 percent stake in this company.
Objectives of This IPO
Company will not receive any proceeds from Offer for Sale, total proceeds from fresh issue will use for company’s purposes. Net proceeds of the total fresh issue is recommended to be utilized for the payment of the purchase consideration for the acquisition of Mehru Electrical and Mechanical Engineering Private Limited, funding capital expenditure requirements of the company for purchase plant and machinery, funding inorganic growth through unidentified acquisitions and other strategic initiatives and last for general corporate purposes.
Company’s Financials
In the Financial year of 2022 company’s revenue stood at 211.73 crore and profit after tax stood at 42.23 crore. Company’s revenue grew to 273.55 crore in financial year 2023 and PAT of company declined marginally from 42.23 crore to 39.89 crore but the end of FY 2024 company’s revenue and PAT both increased, Revenue of the company in FY 2024 stood 331.4 crore and profit after tax grew from 40 crore to 55.47 crore. Quality Power’s financial is showing a steady growth in the company.
Lead Manager and Registrar
Pantomath Capital Advisors Pvt. Ltd. is the book running lead manger of this Quality Power’s IPO and registrar of this IPO is Link Intime Private Limited. Allotment of this issue will be published on the website of registrar.
GMP of Quality Power IPO
According to investorgain current GMP of Quality Power IPO is more than 10 percent and this will continue to the listing then it is expected that listing gain of this IPO will be more than 1 thousand per lot.
Listed Peer Competitors of Quality Power
Transformers & Rectifiers(India) Limited, Hitachi Energy India Ltd, GE T&D India Ltd are the Peer competitors of Quality Power.
Disclaimer:
Here we are giving the information only about the company’s performance. You should take advice from your financial adviser before investing.
