QUALITY POWER ELECTRICAL EQUIPMENTS LIMITED

Price Band

₹ 404 - ₹ 425

Bid Lot

26 Shares

QUALITY POWER ELECTRICAL EQUIPMENTS LIMITED

14-Feb-2025 - 18-Feb-2025

Price Band

₹ 404 - ₹ 425

Minimum Investment

₹ 11050.00

Bid Lot

26 Shares

Shares

20,204,600

IPO Details

Fresh Issue of Equity Shares aggregating upto Rs. 225 Cr and Offer for Sale of up to 1,49,10,500 Equity Shares

QIB
75%

(15,153,450 Shares)RS.644.02 CR

HNI 1
5%

(1,010,230 Shares)RS.42.93 CR @ 2045 FORM 1X

HNI 2
10%

(2,020,460 Shares)RS.85.87 CR @ 4090 FORM 1X

Retail
10%

(2,020,460 Shares)RS.85.87 CR @ 77710 FORM 1X

BRLMs: Pantomath Capital Advisors

Timeline

  • 14

    Feb-2025

    Open Date

  • 18

    Feb-2025

    Close Date

  • 19

    Feb-2025

    Basis of Allotment Date

  • 20

    Feb-2025

    Initiation of Refunds

  • 20

    Feb-2025

    Credit of Shares to Demat A/C

  • 21

    Feb-2025

    IPO Listing Date

Subscription as on 18-Feb-2025 17:20

Category

Book Size

Subscription

QIB

1.03x
6,061,380

(₹257.61 Cr.)

6,234,956

(₹264.99 Cr.)

HNI (<10 LAKH)

0.79x
1,010,230

(₹42.93 Cr.)

795,678

(₹33.82 Cr.)

HNI2 (>10 LAKH)

1.78x
2,020,460

(₹85.87 Cr.)

3,598,608

(₹152.94 Cr.)

RETAIL

1.82x
2,020,460

(₹85.87 Cr.)

3,674,502

(₹156.17 Cr.)

Total

1.29x
11,112,530
14,303,744

Category

Book Size

Subscription

QIB

1.03x
6,061,380

(₹257.61 Cr.)

6,234,956

(₹264.99 Cr.)

HNI (<10 LAKH)

0.79x
1,010,230

(₹42.93 Cr.)

795,678

(₹33.82 Cr.)

HNI2 (>10 LAKH)

1.78x
2,020,460

(₹85.87 Cr.)

3,598,608

(₹152.94 Cr.)

RETAIL

1.82x
2,020,460

(₹85.87 Cr.)

3,674,502

(₹156.17 Cr.)

Total

1.29x
11,112,530
14,303,744

*Excluding Anchor

Total No. of Application Approx : ~117986 (1.52 Appwise)

HNI Cost

About Company

  • Quality Power Electrical Equipments Ltd (“QPEEL”) was originally incorporated on 20th September 2001. QPEEL is a technology-driven company specializing in the provision of power products and solutions across power generation, transmission, distribution, and automation sectors. Additionally, they offer equipment and solutions tailored for emerging applications such as large-scale renewables. They provide high voltage electrical equipment and solutions for electrical grid connectivity and energy transition and serving global clients in critical energy transition equipment and power technologies.

  • QPEEL is 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 2 decades of experience in the energy transition space, they provide an extensive range of products crucial for effective power transmission and advanced power automation. Their offerings include reactors, transformers, line traps, instrument transformers, capacitor banks, converters, harmonic filters, and reactive power compensation systems. Additionally, their grid interconnection solutions feature technologies such as STATCOM and static var compensator systems (“SVC”). Their domestic and global footprint allows them to cater to both Indian and global customer bases.

  • The customers they cater to run their operations across multiple key areas, including

  • Power transmission, providing effective transfer of electricity,

  • Power distribution, ensuring the delivery of electricity to end users,

  • Power automation, integrating advanced technologies for efficient power management

  • The company also specialize in grid interconnection equipment, which addresses infrastructure and devices needed to connect multiple power grids.

  • QPEEL has a total of 7 operating facilities which are located in India at Sangli, Maharashtra, and Aluva, Kerala and in Turkey at Ankara.

  • As of September 30, 2024, they had 143 customers. Their end customers include power utilities, power industries, and renewable energy entities. They derive the majority of their revenue from the International Operations.

Strengths

Competitive Strength

  • 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 growth;

  • Research and development capabilities to offer future ready solutions;

  • Management team with domain experience.

Business Strategies

  • Focus on growth through organic and inorganic acquisitions;

  • Continue to focus on the research and development and engineering capabilities to develop innovative systems and solutions, as well as improve the manufacturing efficiencies;

  • Expand the operating facilities and increase operating capacity;

  • Harness industry growth in the energy transition sector and grow the operations.

Company Promoters

Company Financials

Quality Power Electrical Equipments Limited Financial Information (Restated Consolidated)

Period Ended 30 Sep 2024 31 Mar 2024 31 Mar 2023 31 Mar 2022
Assets 399.64 358.88 312.24 252.86
Revenue 182.72 331.4 273.55 211.73
Profit After Tax 50.08 55.47 39.89 42.23
Net Worth 238.63 190.33 175.66 160.29
Reserves and Surplus 150.43 162.56 153.86 149.76
Total Borrowing 25.55 38.28 10.61 11.52
Amount in ? Crore

Objects of the Issue

The Net Proceeds of the Fresh Issue are proposed to be utilized in the following manner:

  1. Payment of the purchase consideration for the acquisition of Mehru Electrical and Mechanical Engineers Private Limited
  2. Funding capital expenditure requirements of the Company for purchase plant and machinery
  3. Funding inorganic growth through unidentified acquisitions and other strategic initiatives
  4. General Corporate Purposes.

How to Apply

Apply for IPO in few simple steps.

  • Step 1

    Once you create your account, Login to Easy Investing.

  • Step 2

    Under IPO Section, you will be able to see a list of Ongoing IPOs, where you can click on apply button.

  • Step 3

    Add quantity of shares to apply – Maximum 3 bids are allowed (For retail category – max amount Rs.2,00,000/-).

  • Step 4

    Enter your UPI ID and you will receive mandate on your UPI App.

  • Step 5

    Once you accept the mandate, Application is submitted successful.

  • Applying for an IPO is easier than ever with Easy Investing, in just a few clicks your application is processed. You can bid for any IPO through Easy Investing, the bidding process is simple and hassle free. Every company has a lot size decided & you can buy in multiples of the decided lot.
  • If lot size is 15, then you have to bid for multiples of 15 share like 30,45,60 and so on.
  • The maximum subscription amount for retail investors is 2 lakh.
  • Any bid can be at a desired price or cut off price given by the company.

  • Enter the number of shares you wish to buy, as per the lot size.
  • You can apply at the cut off price set by the company or bid for a desired amount within the price band.
  • Maximum three bids will be accepted.
  • You then need to enter the UPI ID on Easy Investing’s IPO application form.

  • You will immediately get a fund blocked request on your UPI for the submitted IPO application.
  • The funds will be blocked in your bank account until allotment when it is debited.
  • The limit for IPO application is Rs 2 lakh per transaction on UPI.
  • On allotment of the shares, the money will be automatically debited.
  • If the share aren’t allotted the blocked funds will reflect back into your account.

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