Quality Power Electrical Equipments IPO
Quality Power Electrical Equipments IPO — date, price band, lot size & details 2025
Quality Power Electrical Equipments listed on 24 Feb 2025 at ₹430, 1.2% above the ₹425 issue price.
Quality Power Electrical Equipments makes high-voltage equipment for grid connectivity and energy transition. It had 210 customers on 31 March 2024, including power utilities and renewable energy entities.
Stock price
Quality Power Electrical Equipments is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 10 November.
- Open 14 Feb 2025
- Close 18 Feb 2025
- Allotment 19 Feb 2025
- Refund/credit 20 Feb 2025
- Listing 24 Feb 2025
Issue summary
The terms of the offer, as filed.
| IPO Dates | 14 to 18 Feb, 2025 |
|---|---|
| Price Band | ₹401 – ₹425 |
| Face Value | ₹10 |
| Lot Size | 26 Shares |
| Issue Size | ₹858.7 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 11,050 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 26 shares at the ₹425 cut-off. Drag to size your application.
| 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 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Total income rose from Rs 211.73 crore in FY2022 to Rs 331.40 crore in FY2024.
- 02Profit after tax was Rs 50.08 crore in the six months to 30 September 2024, against Rs 55.47 crore in all of FY2024.
- 03The PAT margin was 16.74% and return on equity was 29.15%.
- 04Total borrowing of Rs 25.55 crore on 30 September 2024 was small against net worth of Rs 238.63 crore.
- 05Rs 117.00 crore of the fresh issue was set aside for acquiring Mehru Electrical, which adds to the product range.
Risks · 7
- 01Rs 633.70 crore of the Rs 858.7 crore issue was offer for sale and did not reach the company.
- 02The latest financials cover only the six months to 30 September 2024, with total income of Rs 182.72 crore.
- 03Profit after tax fell from Rs 42.23 crore in FY2022 to Rs 39.89 crore in FY2023 before recovering.
- 04The P/E was 32.86 at the upper band of Rs 425, based on post-issue EPS of Rs 12.93.
- 05Rs 61.18 crore of the proceeds was for unidentified acquisitions, so that use was not fixed at the time of the issue.
- 06Return on capital employed was 19.20%, below the return on equity of 29.15%.
- 07Issue expenses were Rs 74.83 crore, and promoter holding fell from 100% before the issue to 73.91% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Quality Power Electrical Equipments offer document.
| Metric | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 399.64 | 358.88 | 312.24 | 252.86 |
| Total Income | 182.72 | 331.40 | 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 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Quality Power Electrical Equipments RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Quality Power Electrical Equipments IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Pre-Issue | Post-Issue |
|---|---|---|
| EPS (₹) | ₹7.69 | ₹12.93 |
| P/E Ratio (x) | 55.28 | 32.86 |
| Market Cap at Offer Price (₹ Cr) | ₹2,767.75 | ₹1,646.09 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹425 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹280.23 Cr of the issue is earmarked to named objects.
Quality Power Electrical Equipments IPO Anchor Investors
30 anchor investors across 21 fund houses committed ₹386.41 Cr a day before the issue opened.
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
The range includes reactors, line traps, transformers, instrument transformers and converters. Plants are at Sangli in Maharashtra and Aluva in Kerala.
In 2011 the company acquired 51% of Endoks, a Turkey-based subsidiary with design, assembly and project management capabilities. It had 210 customers on 31 March 2024.
The IPO was Rs 858.7 crore. Rs 225.00 crore was fresh issue and Rs 633.70 crore was offer for sale. Rs 117.00 crore was planned for buying Mehru Electrical.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Quality Power Electrical Equipments IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Pantomath Capital Advisors Pvt Ltd
12 issues handledBest listing: Highway Infrastructure (+64.3%). Weakest: Glottis (-34.9%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Quality Power Electrical Equipments?
The current Grey Market Premium is ₹0.
What is the Quality Power Electrical Equipments IPO price band?
₹401 to ₹425, on a face value of ₹10.
When is the allotment?
The basis of allotment is 19 February 2025, with listing on 24 February 2025.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
