Quality Power Electrical Equipments Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹401 - ₹425
- Lot size
- 26 shares
- Issue amount
- ₹858.7 cr
- Total subscription
- 1.29×
- Opens
- 14 Feb 2025
- Closes
- 18 Feb 2025
- Allotment
- 21 Feb 2025
- Listing
- 24 Feb 2025
Offer at a glance
Issue overview
- Issue size
- 2,02,04,618 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹10,426
- Fresh issue
- ₹225 cr
- Offer for sale
- ₹633.7 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹11,050
- Issue type
- Bookbuilding IPO
- Shares before issue
- 7,21,50,000
- Shares after issue
- 7,74,44,118
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 26 | ₹11,050 |
| sHNI | 19 | 494 | ₹2,09,950 |
| bHNI | 91 | 2,366 | ₹10,05,550 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| RETAIL | 77,710 | 1,42,331 |
| HNIs(10L +) | 4,090 | 7,285 |
| HNIs (2-10L) | 2,045 | 1,614 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 257.61 | 264.99 |
| RETAIL | 85.87 | 157.28 |
| HNIs 2+ | 42.93 | 33.88 |
| HNIs 10+ | 85.87 | 152.94 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Sep-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 4.56 | 5.19 | 2.86 |
| ROE | 20.99 | 29.15 | 22.71 |
| ROCE | 15.84 | 19.2 | 22.32 |
| RONW | 20.99 | 29.15 | 22.71 |
| PRE IPO(PE) | 0 | 55.28 | 0 |
| POST IPO(PE) | 32.86 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Incorporated in 2001, Quality Power Electrical Equipments Limited specializes in high-voltage electrical equipment and power technologies, offering a wide range of products for generation, transmission, distribution, and automation, including reactors, transformers, converters, line traps, and instrument transformers. The company also delivers Power Quality Systems such as Static VAR compensators, STATCOMs, harmonic filters, and capacitor banks. With manufacturing facilities in Sangli, Maharashtra, and Aluva, Kerala, along with a 51% stake in Turkey-based Endoks acquired in 2011, it serves over 210 customers globally across utilities, industries, and renewable energy sectors. Backed by more than two decades of expertise, the company supports energy transition and grid connectivity, employing 163 full-time staff and 372 contractual workers as of March 31, 2024.
Strengths
- Leading the Energy Transition – A global leader in power technologies, helping the world move towards cleaner energy with high-voltage solutions like HVDC and FACTS.
- Strong Growth & Performance – Over 20 years of steady expansion, a solid product lineup, and smart acquisitions like Endoks to strengthen our global presence.
- Trusted by Customers Worldwide – Partnering with 210 clients, including power utilities, industries, and renewable energy companies, building long-term, reliable relationships.
Risk factors
- Heavy Reliance on Global Markets – More than 64% of the company's revenue comes from international markets, making it vulnerable to geopolitical, economic, and regulatory changes that could affect growth and profits.
- Market Dependence on HVDC & FACTS – The company’s success depends on the demand for HVDC and FACTS, which can be influenced by social, economic, and regulatory factors outside its control.
- Operational & Facility Risks – Any disruptions, shutdowns, or issues at manufacturing sites could impact production, finances, and overall business operations.
Promoters
Thalavaidurai Pandyan
Chitra Pandyan
Bharanidharan Pandyan
Pandyan Family Trust
Registrar & documents
Lead manager
Pantomath Capital Advisor Private Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Plot No. L-61, M.I.D.C, Kupwad Block, Sangli – 416 436
+ 91 233 264 543
[email protected]Company website ↗Understanding QPOWER IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.