Quality Power Electrical IPO 2025: Dates, Price & Key Insights
Quality Power Electrical Equipments Limited, a leading player in the energy transition and power technology sector, is launching its ₹858.70 crore Initial Public Offering (IPO) from 14th February to 18th February 2025. With a strong presence in high-voltage electrical equipment manufacturing and global power grid solutions, the company presents an interesting investment opportunity.
Here are 10 key things you should know before investing in the Quality Power Electrical Equipments Limited IPO.
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What makes Quality Power Electrical Equipment a good opportunity?
Quality Power Electrical Equipments Limited is engaged in manufacturing and supplying high-voltage electrical equipment and power solutions for grid connectivity and energy transition. The company specialises in High Voltage Direct Current (HVDC) and Flexible AC Transmission Systems (FACTS) networks, playing a crucial role in renewable energy integration into power grids.
With over two decades of experience, the company has built a strong client base of 210 customers, including power utilities and renewable energy companies. Its strategic acquisitions, such as the Endoks subsidiary in Turkey, have strengthened its global presence.
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What are the IPO dates, price band, and issue size?
Here are the key details of the IPO:
- IPO dates: February 14th – 18th, 2025
- Listing date: February 21st, 2025
- Price band: ₹401–₹425 per share
- Total issue size: ₹858.70 crore
- Face value: ₹10 per share
- Listing Exchange: BSE, NSE
- Lot Size: 26 Shares
- Promoters: Thalavaidurai Pandyan, Chitra Pandyan, Bharanidharan Pandyan, and Pandyan Family Trust
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What is the minimum investment for the IPO?
The minimum investment required to apply for the Quality Power Electrical Equipments IPO is ₹10,426, based on the lot size of 26 shares at the lower price band of ₹401 per share. To improve allotment chances, applying at the upper price band of ₹425 per share would require ₹11,050.
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What does the company do?
Founded in 2001, Quality Power Electrical Equipments Limited specialises in energy transition equipment and power technologies.
- Services: Provides high-voltage transformers, reactors, converters, and grid interconnection solutions.
- Operations: Manufacturing facilities in Sangli, Maharashtra, and Aluva, Kerala.
- Global Presence: Acquired a 51 percent stake in Turkey-based Endoks, strengthening its international footprint.
The company plays a crucial role in enabling renewable energy integration into power grids and ensuring stable electricity transmission.
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What is the objective of the IPO?
The primary objectives of the Quality Power Electrical Equipments IPO are:
- Acquisition of Mehru Electrical and Mechanical Engineers Private Limited
- Funding capital expenditure for the purchase of plant and machinery
- Supporting inorganic growth through strategic acquisitions
- General corporate purposes
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How much is reserved for retail and other investors?
The IPO allocation is as follows:
- Qualified Institutional Buyers (QIBs): Up to 75 percent
- Non-Institutional Investors (NIIs): At least 15 percent
- Retail Investors: At least 10 percent
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What are the key strengths and risks?
Strengths:
- Global energy transition and power technology company, benefiting from the shift towards decarbonization
- Strong financial performance with consistent revenue growth
- Diversified customer base with long-term relationships in global markets
- Comprehensive product portfolio with high trade barriers, ensuring competitive advantages
- Proven track record of strategic acquisitions and business expansion
- Robust research and development capabilities for future-ready solutions
Risks:
- Seventy-four percent of revenue comes from international markets, exposing the company to currency and geopolitical risks
- Dependence on HVDC and FACTS markets, which are influenced by external economic and regulatory factors
- Raw material shortages and price volatility may impact profitability
- Exposure to foreign exchange fluctuations may affect international sales and margins
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What is the financial performance of Quality Power Electrical Equipment?
The company has delivered strong financial growth over the years (₹ crore):
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 358.88 | 312.24 | 252.86 |
| Revenue | 331.4 | 273.55 | 211.73 |
| Profit After Tax | 55.47 | 39.89 | 42.23 |
With a steady increase in revenue and profitability, the company is positioned for sustainable growth.
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What is the allotment and listing timeline?
- Basis of allotment: February 19, 2025
- Refund initiation: February 20, 2025
- Shares credited to demat accounts: February 20, 2025
- Listing date: February 21, 2025
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Should you invest in Quality Power Electrical Equipments Limited IPO?
Quality Power Electrical Equipments Limited offers a strong investment opportunity with its presence in the booming energy transition sector, global expansion, and increasing demand for power technology solutions.
However, investors should carefully evaluate the risks, especially the company’s reliance on international markets and foreign exchange fluctuations.
If you believe in the long-term growth of renewable energy and power grid modernisation, this IPO could be worth considering.
