The Quality Power IPO is a book-built issue worth ₹858.70 crore. It consists of a fresh issue of 0.53 crore shares valued at ₹225.00 crore and an offer for sale of 1.49 crore shares, amounting to ₹633.70 crore.
The IPO opens for subscription on February 14, 2025, and closes on February 18, 2025. The allotment is expected to be finalized by Wednesday, February 19, 2025. The listing of the Quality Power IPO on BSE and NSE is scheduled for Friday, February 21, 2025.
The price band for the IPO is set between ₹401 and ₹425 per share. The minimum lot size is 26 shares, with a required investment of ₹10,426 for retail investors. However, it is recommended that investors bid at the cutoff price to avoid the oversubscription scenario, which is expected to be around ₹11,050. For sNII investors, the minimum lot size is 19 lots (494 shares), totaling ₹2,09,950, while for bNII investors, the minimum is 91 lots (2,366 shares), totaling ₹10,05,550.
Pantomath Capital Advisors Pvt Ltd is the book-running lead manager for the Quality Power IPO, and Link Intime India Private Ltd serves as the registrar.
For further details, refer to the Quality Power IPO RHP.
Quality Power IPO Details
| IPO Date | February 14, 2025 to February 18, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹401 to ₹425 per share |
| Lot Size | 26 Shares |
| Total Issue Size | 2,02,04,618 shares (aggregating up to ₹858.70 Cr) |
| Fresh Issue | 52,94,118 shares (aggregating up to ₹225.00 Cr) |
| Offer for Sale | 1,49,10,500 shares of ₹10 (aggregating up to ₹633.70 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 7,21,50,000 shares |
| Share Holding Post Issue | 7,74,44,118 shares |
Quality Power IPO Timeline
The Quality Power IPO will open on February 14, 2025, and close on February 18, 2025.
| IPO Open Date | Fri, Feb 14, 2025 |
| IPO Close Date | Tue, Feb 18, 2025 |
| Tentative Allotment | Wed, Feb 19, 2025 |
| Initiation of Refunds | Thu, Feb 20, 2025 |
| Credit of Shares to Demat | Thu, Feb 20, 2025 |
| Tentative Listing Date | Fri, Feb 21, 2025 |
Quality Power IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not less than 75% of the Net Offer |
| Retail Shares Offered | Not less than 10% of the Net Offer |
| NII (HNI) Shares Offered | Not less than 15% of the Net Offer |
Quality Power IPO Lot Size
Investors can bid for a minimum of 26 shares, with additional bids allowed in multiples of 26. The table below outlines the minimum and maximum investments for retail investors and HNIs, based on the number of shares and the corresponding amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 26 | ₹11,050 |
| Retail (Max) | 18 | 468 | ₹1,98,900 |
| S-HNI (Min) | 19 | 494 | ₹2,09,950 |
| S-HNI (Max) | 90 | 2,340 | ₹9,94,500 |
| B-HNI (Min) | 91 | 2,366 | ₹10,05,550 |
About Quality Power Electrical Equipments Limited
Founded in 2001, Quality Power Electrical Equipments Limited specializes in energy transition equipment and power technologies.
The company provides high-voltage electrical equipment and solutions for grid connectivity and energy transition, focusing on power products across the generation, transmission, distribution, and automation sectors.
Quality Power manufactures essential high-voltage equipment for High Voltage Direct Current (HVDC) and Flexible AC Transmission Systems (FACTS), facilitating the integration of renewable energy into power grids.
With more than 20 years of industry experience, the company offers a range of products, including reactors, transformers, converters, and grid interconnection solutions, serving clients worldwide.
Quality Power operates manufacturing facilities in Sangli, Maharashtra, and Aluva, Kerala. In 2011, it acquired a 51% stake in Endoks, a Turkey-based subsidiary with design, assembly, and project management expertise.
As of March 31, 2024, the company served 210 customers, including power utilities, power industries, and renewable energy organizations.
Product Portfolio:
- Power Products: Reactors, Line Traps, Transformers, Instrument Transformers, Line Tuners, Metal Enclosed Capacitor Banks, Composites.
- Power Quality Systems: Static VAR Compensators, STATCOMs, Harmonic Filters, Capacitor Banks, Shunt Reactors.
As of March 31, 2024, the company employs 163 full-time staff and 372 contractual workers.
Competitive Strengths:
- A global player in the energy transition and power technology sectors, positioned to capitalize on the worldwide shift toward decarbonization and the adoption of renewable energy.
- Proven track record of growth and strong financial performance.
- A diversified customer base consisting of global businesses with long-term relationships.
- A comprehensive product portfolio in the energy transition equipment and power technologies space, both domestically and internationally, with high entry barriers.
- A solid history of strategic acquisitions that have contributed to an enhanced order book and ongoing growth.
- Robust research and development capabilities to offer future-ready solutions.
- A skilled management team with significant domain expertise.
Quality Power IPO – Frequently Asked Questions (FAQ)
What is the issue size of the Quality Power IPO?
The Quality Power IPO is a book-built issue with a total size of ₹858.70 crore. This includes a fresh issue of 0.53 crore shares amounting to ₹225.00 crore and an offer for sale of 1.49 crore shares valued at ₹633.70 crore.
When will the Quality Power IPO open and close?
The Quality Power IPO will open for subscription on February 14, 2025 and close on February 18, 2025
What is the price band for the Quality Power IPO?
The price band for the Quality Power IPO has been set at ₹401 to ₹425 per share.
What is the minimum lot size for retail investors in the Quality Power IPO?
Retail investors can apply for a minimum of 26 shares (1 lot) in the Quality Power IPO. The minimum investment amount for retail investors is ₹10,426.
How can I apply for the Quality Power IPO?
Investors can apply for the Quality Power IPO through their Demat account via the online platforms of various brokers, or they can use the ASBA (Application Supported by Blocked Amount) facility through their bank.
What is the expected date of allotment for the Quality Power IPO?
The allotment for the Quality Power IPO is expected to be finalized on February 19, 2025
What is the tentative listing date of the Quality Power IPO?
The listing of the Quality Power IPO on the BSE and NSE is expected on February 21, 2025
What is the minimum investment for HNIs and SNII in the Quality Power IPO?
- For sNII (Small & Non-Institutional Investors) in the *Quality Power IPO: The minimum investment is *19 lots (494 shares), totaling ₹2,09,950.
- For bNII (Big Non-Institutional Investors) in the *Quality Power IPO: The minimum investment is *91 lots (2,366 shares), totaling ₹10,05,550.
Who are the lead managers and registrar for the Quality Power IPO?
- Book-Running Lead Manager for the Quality Power IPO: Pantomath Capital Advisors Pvt Ltd.
- Registrar for the Quality Power IPO: Link Intime India Private Ltd.
