Quality Power Electrical Equipments Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Quality Power Electrical Equipments Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
IPO Snapshot
Key metrics and details at a glance.
Price Band
₹425
Per ShareLot Size
26 Shares
Minimum Investment
₹11,050
Issue Size
₹858.7 Cr
Face Value
₹10
Per ShareIPO Type
Book Building
Retail Quota
10%
QIB Quota
75%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Quality Power Electrical Equipments Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
99.99%
Promoter Holding (Post-Issue)
73.91%
Issue Type
Book Building
ISIN
INE0SII01026
About the Company
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.
Industry Overview
The energy transition equipment and power technologies market is poised for significant growth in the coming decades. As governments and businesses around the world intensify their efforts to decarbonize the energy sector, the market for energy transition equipment will continue to expand, driven by technological advancements, supportive policies, and increasing public awareness of the need for climate action.
Company History
Quality Power Electrical Equipments Limited was originally incorporated as "Quality Power Electrical Equipments Private Limited", a private limited company under the provisions of the Companies Act, 1956, pursuant to a certificate of incorporation dated September 20, 2001, issued by the Registrar of Companies, Maharashtra at Pune ("RoC"). The name of the Company was subsequently changed to "Quality Power Electrical Equipments Limited" upon the conversion of the Company from a private to a public limited company, pursuant to a board resolution dated February 15, 2024, and its shareholders' resolution dated March 23, 2024, and a fresh certificate of incorporation was issued on June 14, 2024, by the RoC.
Products & Services
- The Company is an Indian player serving global clients in critical energy transition equipment and power technologies.
Growth Strategy
- Focus on growth through organic and inorganic acquisitions.
- Continue to focus on our research and development and engineering capabilities to develop innovative systems and solutions, as well as improve our manufacturing efficiencies.
- Expand our operating facilities and increase our operating capacity.
- Harness industry growth in the energy transition sector and grow our operations.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY23 to FY25.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offering of 20,204,600* equity shares of face value of Rs. 10/- each ("Equity Shares") of Quality Power Electrical Equipments Limited ("the Company" or the "Issuer") for cash at a price of Rs. 425.00* per equity share (including a premium of Rs. 415.00 per equity share) ("Offer Price") aggregating to Rs. 858.70* crores ("Offer") the offer comprises of a fresh issue of 5,294,100 equity shares aggregating to Rs. 225.00 crores (the "Oresh Issue") and an offer for sale of 14,910,500 equity shares aggregating to Rs. 633.70* crores by Chitra Pandyan (the "Promoter Selling Shareholder") (the "Offer for Sale") the offer will constitute 26.09 % of the post-offer paid-up equity share capital. The face value of the equity share is Rs. 10/- each and the offer price is 42.50 times the face value of the equity shares * Subject to finalization of the basis of allotmen.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- 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.
- 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.