Quality Power Electrical GMP : Quality Power Electrical IPO GMP is Open on 14 February 2025 and Close on 18 February 2025. Quality Power Electrical IPO to Raise 2,02,04,618 shares (Approx ₹858.70 Cr) via IPO. The Fresh issue of 52,94,118 shares (Approx ₹ 225. Cr) and The Offer For Sale is ₹1,49,10,500 shares (Approx ₹633.70 Cr).
Our Business
Our Company was originally incorporated as “Quality Power Electrical Equipments Private Limited” September 20, 2001. We are an Indian player serving global clients in critical energy transition equipment and power technologies.
We provide high voltage electrical equipment and solutions for electrical grid connectivity and energy transition.
We are a technology-driven company specializing in the provision of power products and solutions across power generation, transmission, distribution, and automation sectors. Additionally, we offer equipment and solutions tailored for emerging applications such as large-scale renewables.
- Electric-Utilities
- Power Plants
- Industries
- Smart Grids
- Renewable Energy
- Distribution System Mobility
- Facts & Hvdc
Quality Power Electrical IPO Date & Price Band Details
| IPO Open Date | 14 Feb 2025 |
| IPO Close Date | 18 Feb 2025 |
| IPO Size | 2,02,04,618shares (Approx ₹858.70 Cr) |
| Fresh Issue | 52,94,118 shares (Approx ₹225 Cr) |
| Offer for Sale | 1,49,10,500 shares (Approx ₹633.70 Cr) |
| Lot Size | 26 Shares |
| IPO Face Value | ₹10 Per Equity Share" |
| IPO Price Band | ₹401 to 425 Per Every Share |
| IPO Listing On | NSE & BSE |
| IPO Retail Quota | 35% |
| IPO QIB Quota | 50% |
| IPO NII Quota | 15% |
| DRHP Draft | Click Here |
| Anchor Investor | Click Here |
Quality Power Electrical IPO Market Lot Details
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 26 | ₹11,050 |
| Retail Maximum | 18 | 468 | ₹1,98,900 |
| S-HNI Minimum | 19 | 494 | ₹2,09,950 |
| B-HNI Minimum | 91 | 2,366 | ₹10,05,550 |
Our Company Promoters
- Thalavaidurai Pandyan
- Chitra Pandyan
- Bharanidharan Pandyan
- Pandyan Family Trust
OBJECTS OF THE OFFER
1. Payment of the purchase consideration for the acquisition of Mehru Electrical and Mechanical Engineers Private Limited.
2. Funding capital expenditure requirements of our Company for purchase plant and machinery.
3. Funding inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes.
Quality Power Electricals IPO Allotment & Listings (Details)
| IPO Open Date | 14 Feb 2025 |
| IPO Close Date | 18 Feb 2025 |
| Basis of Allotment | 19 Feb 2025 |
| Refunds | 20 Feb 2025 |
| Credit to Demat Account | 20 Feb 2025 |
| IPO Listing Date | 21 Feb 2025 |
Quality Power Electrical Financial Reports
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2024 | ₹331.4 | ₹268.41 | ₹42.23 |
| 2023 | ₹273.55 | ₹226.10 | ₹39.89 |
| 2022 | ₹211.73 | ₹162.86 | ₹42.23 |
Qualitative Factors
- 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.
- 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.
Comparison of accounting ratios with listed industry peers
| Company Name | Face Value | EPS | P/E Ratio | RONW | Total Revenue (₹ in million) | NAV Per Share |
| Quality Power Electrical Equipments Limited | 10.00 | 5.19 | 81.88 | 29.15 | 3,005.97 | 26.38 |
| Peer Group | ||||||
| Transformers & Rectifiers (India) Limited | 1.00 | 3.24 | 219.58 | 8.35 | 12,946.76 | 39.49 |
| Hitachi Energy India Ltd | 2.00 | 38.64 | 300.81 | 12.04 | 52,374.90 | 320.86 |
| GE T&D India Limited | 2.00 | 7.07 | 222.02 | 14.57 | 31,679.10 | 48.54 |
Company Address :- Registered and Corporate Office: Plot No. L-61, M.I.D.C Kupwad Block, Sangli – 416 436 Maharashtra, India
Telephone + 91 233 264 5432; Website: www.qualitypower.com
BOOK RUNNING LEAD MANAGER REGISTRAR TO THE ISSUE
Pantomath Capital Advisors Private Limited
Pantomath Nucleus House,
Saki Vihar Road, Andheri East,
Mumbai – 400 072
Maharashtra, India
Telephone: 1800 889 8711
E-mail: qualitypower.ipo@pantomathgroup.com
Investor Grievance E-mail: investors@pantomathgroup.com
Website: www.panthomathgroup.com
REGISTRAR TO THE ISSUE
Link Intime India Private Limited
C 101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai – 400 083, Maharashtra, India
Telephone: +91 810 811 4949
E-mail: qualitypower.ipo@linkintime.co.in
Investor Grievance Email: qualitypower.ipo@linkintime.co.in
Website: www.linkintime.co.in
Our Product portfolio Power Products :-
Type Reactors
Air Core Reactors: Air core reactors serve as vital components within power systems, efficiently regulating electrical
parameters such as voltage and current.
Iron Core Reactors: Iron core reactors play crucial roles in reactive power compensation and harmonic filtering within electrical systems.
Oil Filled Reactors: Oil-filled reactors are specialized electrical devices used for reactive power compensation and voltage regulation in power transmission and distribution systems.
Line Traps : Line traps are passive electrical devices used in power transmission systems to control and mitigate the effects of highfrequency signals or noise on power lines.
Transformers
Earthing Transformers : Earthing transformers are specialized transformers used to establish a neutral point in a power system and provide a path to the ground for fault currents.
Special Application Transformers : Special application transformers are transformers designed for specific requirements or unique applications beyond standard voltage conversion.
Dry Type Transformers : Dry type transformers are transformers that use air or solid insulation instead of liquid insulation such as oil.
Instrument Transformers : Instrument transformers are devices used to measure electrical parameters such as voltage and current in power systems.
Line Tuners : Line tuners are devices used in power transmission systems to adjust the electrical impedance of transmission lines to match
the impedance of the connected loads.
Metal Enclosed Capacitor Bank : A metal-enclosed capacitor bank is a specialized electrical device used for power factor correction and voltage support in electrical distribution systems.
Composites : Composites are used in insulation components to provide superior electrical insulation and resistance to environmental factors,
ensuring safe and reliable operation.
Our Product portfolio Power Products Power Quality Systems
Static VAR compensators (SVC) :Static VAR Compensators (“SVCs”) are power electronic devices used in electrical power systems to regulate voltage and improve power factor.
STATCOM’s : Static synchronous compensator (“STATCOM”) are power electronic devices consisting of voltage-source converters that
generate or absorb reactive power as needed to stabilize the voltage of the power system.
Harmonic Filters : Harmonic filters are specialized devices used in electrical power systems to mitigate harmonic distortion caused by non-linear
loads.
Capacitor Banks : Capacitor banks are electrical devices designed to improve power factor and voltage stability in electrical power systems.
Shunt Reactors : Shunt reactors are vital components used in electrical power systems to stabilize voltage levels and compensate for capacitive
reactive power.
Our manufacturing facilities adhere to the quality standards required by our global conglomerate clientele, including those listed
on the Fortune 500.
We are among the few global manufacturers of critical high voltage equipment for High Voltage Direct Current (“HVDC”) and Flexible AC Transmission Systems (“FACTS”) networks.
These equipment and networks form key components for energy transition from renewable sources to traditional power grids.
With over two decades of experience in the energy transition space, we provide an extensive range of products crucial for effective power transmission and advanced power automation.
Our offerings include reactors, transformers, line traps, instrument transformers, capacitor banks, converters, harmonic filters, and reactive power compensation systems.
Additionally, our grid interconnection solutions feature technologies such as STATCOM and static var compensator systems (“SVC”).
Our domestic and global footprint allows us to cater to both Indian and global customer bases.
Our operating facilities adhere to the quality standards required by our global conglomerate clientele, including those listed on the Fortune 500.
our test laboratory facility in Sangli holds ISO 17025:2017 accreditation from the National Accreditation Board for Testing and Calibration Laboratories, certifying it as an independent test laboratory that complies with both Indian and international standards for systems up to 765kV.
HVDC technology is transforming the landscape of energy transition equipment and power technologies by enabling efficient,
long-distance power transfer with markedly reduced energy losses.
This advancement is crucial for integrating renewable energy sources from remote locations, such as offshore wind farms and solar plants in remote regions, into urban areas.
FACTS devices, including Static Synchronous Compensators (“STATCOM”), are pivotal in ensuring grid stability and reliability.
They manage fluctuations from variable renewable energy sources through dynamic voltage regulation and reactive power compensation.
The adoption of HVDC and STATCOM technologies is vital for the green energy transition, as they facilitate the efficient and stable integration of renewables into the power grid .
Our portfolio of high voltage products and solutions is critical for advancing and modernizing electrical networks.
Our technologies are designed to enhance grid reliability and performance by providing critical support for power grid management and overall network stability. Engineered to meet the demanding requirements of contemporary electrical infrastructure, these products ensure optimal efficiency and resilience.
Our high voltage solutions help to maintain and improve network performance, offering advanced capabilities to address the complexities of modern energy systems and assist operators in effectively managing power quality and operational reliability.
Our manufacturing operations in India are spread across two locations, including Sangli, Maharashtra, and Aluva, Kerala.
we had 210 customers. Our end customers include power utilities, power industries, and renewable energy entities.
With supplies across 100 countries, we cater to various industries like automobiles, oil and gas industries, cement, chemical, renewables, traction & locomotives, steel & metal industries, power utilities in different markets spanning across 6 continents, thereby enabling us to be a global player.
Our product portfolio contributes to advancing decarbonization efforts, sustainability, and green energy initiatives. The adoption of HVDC and STATCOM technologies is vital for the green energy transition, as they facilitate the efficient and stable integration of renewables into the power grid.
The key regions we cater to include Asia, Middle East, North America, South America, Australia and Europe.
Our current product portfolio is divided into two categories, being, (i) power products and (ii) power quality equipments.
