Quality Power Electrical Equipments Ltd

Quality Power Electrical Equipments Ltd IPO

IPO Price Range: ₹401 - 425

Established in 2001, Quality Power is primarily engaged in the energy transition equipment and power technologies business. The company provides high-voltage electrical equipment and solutions for grid connectivity and energy transition.

Quality Power specializes in power products and solutions across power generation, transmission, distribution, and automation sectors. As of March 31, 2024, the company serves 210 customers across 100 countries and has 7 operating facilities.

Min Investment

₹11,050

IPO Size

₹858 Cr

IPO Status

Closed

Quantity in 1 Lot

26

Max Bid allowed

18

Listing Exchange

NSE

IPO Application Timeline of Quality Power Electrical Equipments Ltd

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Open Date14 Feb 2025
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Close Date18 Feb 2025
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Allotment Date20 Feb 2025
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Listing Date24 Feb 2025

IPO subscribed over

🚀 1.2897x

This IPO has been subscribed by 1.8316x in retail and 1.0286x in QIB.

Subscription Rate

Total Subscription1.2897x
Retail Individual Investors1.8316x
Qualified Institutional Buyers1.0286x
Non Institutional Investors1.4504x

Key Statistics

Bid Opening DateBid Opening Date14 Feb 2025
Bid Closing DateBid Closing Date18 Feb 2025
Allotment DateAllotment Date20 Feb 2025
Issue SizeIssue Size₹858.7Cr
Quantity in 1 lotQuantity in 1 lot26

Quality Power Electrical Equipments Ltd Brands, Products & Services

HVDC & FACTS

High Voltage Direct Current (HVDC) and Flexible AC Transmission Systems (FACTS) are both critical energy transition systems and methods for optimizing transmission performance.

Power Products

Quality Power specializes in high-voltage electrical equipment and solutions for grid connectivity and energy transition. The company focuses on manufacturing high-voltage products, particularly special transformers and reactors.

Power Quality

Quality Power focuses on power quality solutions, ensuring a reliable and stable electricity supply that meets the needs of connected equipment. The company uses passive, hybrid, and active systems to manage power quality issues and maintain efficient electrical network operations.

ProductEnergy Transition Equipment
Known ForHigh-Voltage Electrical Equipment, Solutions for Grid Connectivity and Energy Transition
Top ProductsReactors,Line Traps,Transformers

Quality Power Electrical Equipments Ltd Key Financials

*Value in ₹ crore
Details20232024
Total Revenue273.5331.4
Total Assets312.2358.9
Total Profit39.955.5

Objectives of Quality Power Electrical Equipments Ltd IPO

1
Acquisition Payment: Quality Power plans to use Rs 117 crore for the acquisition of Mehru Electrical and Mechanical Engineers Private Limited.
2
Business Expansion: The company will use Rs 27.22 crore out of the total IPO proceeds to buy machines and equipment to achieve more growth.
3
Future Growth & Strategy: The remaining sum of the total IPO proceeds will be used for funding potential acquisitions, other strategic initiatives, and general corporate purposes.

Shareholding Pattern

Promoters 100%
NameRoleStakeholding
Bharanidharan PandyanPromoter39.66%
Pandyan Family TrustPromoter26%
Chitra PandyanPromoter20.67%
Thalavaidurai PandyanPromoter13.67%

Listed Competitors of Quality Power Electrical Equipments Ltd

Transformers & Rectifiers India

Transformers & Rectifiers India

Transformers & Rectifiers (India) Ltd (TARIL) is a B2B company that specializes in manufacturing transformers and reactors. The company supplies its products to key sectors including power generation, transmission, distribution, and industrial applications, playing a vital role in ensuring efficient and reliable electricity supply.

Hitachi Energy India

Hitachi Energy India

Hitachi Energy is a global leader in power technologies, driving the energy transition with innovative and digital solutions across utilities, transportation, IT, industry, and Smart Life sectors. With a presence in over 90 countries, the company operates through four key business units, Grid Automation, Grid Integration, High Voltage Products, and Transformers.

GE Vernova T&D India

GE Vernova T&D India

GE Vernova T&D India Limited is the listed entity of GE Vernova’s Grid Solutions business in India and has been a key player in the country’s power transmission and distribution sector for over 100 years. It provides solutions to connect and transfer power efficiently from generation sources to the grid.

Strengths and Risks of Quality Power Electrical Equipments Ltd IPO

Strengths

Strengths

  • 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 for the six-month period ended September 30, 2024 and the last three fiscals.

  • 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 sustainable growth.

  • Research and development capabilities to offer future ready solutions.

  • Management team with domain experience.


Risks

Risks

  • The company derives majority of its revenue from international markets, which contributed to more than 74.00% of its total revenue during the six-month period ended September 30, 2024 and in each of the last three Fiscals. The company plan to further expand into new geographical regions and may be exposed to significant liability and could lose some or all of its investment in such regions, as a result of which the company business, financial condition and results of operations could be adversely affected.

  • The company is dependent on the performance of the market for High-Voltage Direct Current (HVDC) and Flexible Alternating Current Transmission Systems (FACTS), which in turn is dependent on a range of social, economic and regulatory factors beyond its control. Any adverse trend in such markets could have a material adverse effect on its business, financial condition, results of operations and cash flows.

  • Any disruption, breakdown or shutdown of its operating facilities may have a material adverse effect on the company business, financial condition, results of operations and cash flows.

  • Any shortages, delay or disruption in the supply of the raw materials the company use in its operating process may have a material adverse effect on its business, financial condition, results of operations and cash flows. Further, the costs of the raw materials that the company use in its operating process are subject to volatility. Increases or fluctuations in raw material prices, may have a material adverse effect on its business, financial condition, results of operations and cash flows.

  • The Company regularly deals in foreign exchange. its inability to handle foreign currency fluctuation risks associated with the company export sales could negatively affect its sales to customers in foreign countries, as well as the company operations and representations in such countries, and its overall profitability.

  • The company does not have long-term agreements with any of its customers. In order to retain some of the company existing customers its may also be required to offer terms to such customers which the company may place restraints on its resources. The company inability to maintain its customer network in India and globally, and attract additional customers may have a material adverse effect on its results of operations and financial condition.

  • The company is dependent on its top 10 customers who contribute to more than 52.66% of the company total revenue from operations during the six-month period ended September 30, 2024 and in each of the last three Fiscals and the loss of any of these customers or a significant reduction in purchases by any of them could adversely affect its business, results of operations and financial condition.

  • Acquisitions, strategic alliances and investments could be difficult to integrate, disrupt its business and lower the company results of operations.

  • The company is subject to strict quality requirements and any product defect issues or failure by it or the company raw material suppliers or its customers to comply with quality standards may lead to the cancellation of existing and future orders, recalls or exposure to potential product liability claims.

  • Some of its operating facilities, and the company Registered Office are located on leasehold lands and rental basis. If the company is unable to renew existing leases or relocate its operations on commercially reasonable terms, there may be a material adverse effect on its business, financial condition and operations.

Promoters Holding

Investors Holdings %
Thalavaidurai Pandyan13.67%
Chitra Pandyan20.67%
Bharanidharan Pandyan39.66%
Pandyan Family Trust26%

Frequently Asked Questions of Quality Power Electrical Equipments Ltd IPO

  • What is the size of the Quality Power Electrical Equipments Ltd IPO?

    The size of the Quality Power Electrical Equipments Ltd IPO is ₹858.7Cr .

  • What is 'pre-apply' for Quality Power Electrical Equipments Ltd IPO?

    'Pre-apply' for Quality Power Electrical Equipments Ltd IPO indicates your interest in the IPO before it opens for subscription. This ensures quick application when the IPO goes live.

  • When will my Quality Power Electrical Equipments Ltd IPO order be placed?

    Your Quality Power Electrical Equipments Ltd IPO order will be placed on 14 Feb 2025.

  • What are the open and close dates of the Quality Power Electrical Equipments Ltd IPO?

    The open and close dates of the Quality Power Electrical Equipments Ltd IPO are 14 Feb 2025 to 18 Feb 2025.

  • What is the lot size and minimum order quantity of the Quality Power Electrical Equipments Ltd IPO?

    The lot size and minimum order quantity of the Quality Power Electrical Equipments Ltd IPO are 26 and 26 respectively.

  • What would be the listing gains on the Quality Power Electrical Equipments Ltd IPO?

    The potential listing gains on the Quality Power Electrical Equipments Ltd IPO will depend on various market factors and cannot be predicted with certainty.