High-voltage electrical equipment firm Quality Power is set to launch its IPO on February 14, 2025. Quality Power’s IPO launch aims to expand its business by purchasing a portion of Mehru Electrical and Mechanical Engineers Private Limited. With this IPO, the company expects to raise ₹858.70 crore from the market.
IPO Dates: Anchor Book, Allotment, and More
Having a comprehensive idea about the IPO dates is essential when applying for it. Here is a detailed table of the important dates of Quality Power IPO:
| Event | Date |
|---|---|
| Opening Date of IPO | February 14, 2025 (Friday) |
| IPO Closing On | February 18, 2025 (Tuesday) |
| Cut-off Time for UPI Mandate Confirmation | 5 pm on February 18, 2025 (Tuesday) |
| Basis of Allotment (BoA) Date | February 19, 2025 (Wednesday) |
| Initiation of Refund | February 20, 2025 (Thursday) |
| Demat Transfer | February 20, 2025 (Thursday) |
| Listing Date | February 21, 2025 (Friday) |
IPO Details
Knowing the face value, issue price band, and other details of an IPO is important before buying the shares. Here is a complete table that lists every detail of the Quality Power IPO:
| Face Value | ₹10 per share |
|---|---|
| Issue Price Band | ₹401 to ₹425 per share |
| Fresh Issue | 52,94,118 shares (aggregating up to ₹225.00 Crores) |
| Offer for Sale Size | 1,49,10,500 shares of ₹10 (aggregating up to ₹633.70 Crores) |
| Total Issue Size | 2,02,04,618 shares (aggregating up to ₹858.70 Crores) |
| Issue Type | Book Built Issue IPO |
| Listing At | Bombay Stock Exchange (BSE), National Stock Exchange (NSE) |
Lot Size of Quality Power IPO Allotment
The lot size is an essential component of IPO details, denoting the minimum number of shares that an investor can buy. Look at the below table that highlights the lot size of the IPO allotment of Quality Power:
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 26 | ₹11,050 |
| Retail (Max) | 18 | 458 | ₹1,98,900 |
| B-HNI (Min) | 91 | 2,366 | ₹10,05,550 |
| S-HNI (Min) | 19 | 494 | ₹2,09,950 |
| S-HNI (Max) | 90 | 2,340 | ₹9,94,500 |
Company Overview
Quality Power Electrical Equipments Limited offers high-voltage electrical equipment solutions for grid connectivity electricity. Established in 2001, it specialises in offering products related to power supply in the transmission, distribution, and automation industries.
Additionally, they also offer solutions for large-scale renewables. As of March 2024, Quality Power employs around 372 contractual and 163 full-time employees. Below are the products that Quality Power Electrical Equipments Limited manufactures:
- Capacitor Banks
- Reactors
- PLCC Components
- Transformers
- Edison Composites
- Instrument Transformers
Quality Power Financials
You need to be mindful of the company’s financials before buying the Quality Power IPO. Check the below table to evaluate the financial performance of Quality Power:
| Period Ended | September 30, 2024 (Crores) | March 31, 2024 (Crores) | March 31, 2023 (Crores) | March 31, 2022 (Crores) |
|---|---|---|---|---|
| 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 |
| Reserves | ₹150.43 | ₹162.56 | ₹153.86 | ₹149.76 |
| Net Worth | ₹238.63 | ₹190.33 | ₹175.66 | ₹160.29 |
| Total Borrowings | ₹25.55 | ₹38.28 | ₹10.61 | ₹11.52 |
Analysis of Quality Power’s Competitive Strength in the Industry
Quality Power is a key player in the energy transition and power technology sector in India, offering a diverse range of products in the industry. It has a good track record of growth and financial performance with a comprehensive product portfolio and an experienced management team. In the electrical equipment industry, Quality Power offers its products to diverse customers, including new and long-lasting loyal customers.
Final Thoughts
Before applying for the Quality Power IPO, investors must go through the aforementioned details. When applying for it, keep in mind that the IPO allotment will be finalised on February 19 and company shares will be listed on both the BSE and NSE.
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