IPO Details
Bidding Dates
14 Feb 25 - 18 Feb 25
Price Range ₹
401 - 425
Total Equity
₹ 472.28Cr
Lot Size
26
Exchange Status
BSE,NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
1.83×
Qualified Institutional Buyers
1.03×
Employees
0.00×
Retail Investors
1.83×
Total subscription Rate
1.29×
IPO Timeline
Offer start
14 Feb 2025
Offer end
18 Feb 2025
Allotment
19 Feb 2025
Refund initiation
20 Feb 2025
Demat transfer
20 Feb 2025
Listing
24 Feb 2025
Offer start
14 Feb 2025
Offer end
18 Feb 2025
Allotment
19 Feb 2025
Refund initiation
20 Feb 2025
Demat transfer
20 Feb 2025
Listing
24 Feb 2025
About Company
Quality Power Electrical Equipments Limited was incorporated in 2001 and is engaged in the business of energy transition equipment and power technologies. The company provides high-voltage electrical solutions for grid connectivity, focusing on power generation, transmission, distribution, and automation sectors. With over two decades of experience, the company manufactures critical high-voltage equipment for High Voltage Direct Current (HVDC) and Flexible AC Transmission Systems (FACTS), enabling the integration of renewable energy into power grids. The company operates manufacturing facilities in Sangli, Maharashtra, and Aluva, Kerala. In 2011, it acquired a 51% stake in Endoks, a Turkey-based subsidiary with expertise in design, assembly, and project management. As of March 31, 2024, Quality Power Electrical Equipments Limited serves 210 customers, including power utilities, power industries, and renewable energy companies. Product portfolio: - Power products: Reactors, line traps, transformers, instrument transformers, line tuners, metal enclosed capacitor banks, and composite equipment. - Power quality systems: Static VAR compensators (SVCs), STATCOMs, harmonic filters, capacitor banks, and shunt reactors. The company had 163 full-time employees and 372 contractual workers as of March 31, 2024.
Year Founded
20-09-2001
Promotor Details
Thalavaidurai Pandyan
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 99.99 | 73.91 |
| Share Capital | 72149960 | 57239460 |
Offer to Public
1,11,12,530.00 Cr
Project Details
- Funding capital expenditure requirements of our Company for purchase plant and machinery - 272.17cr
- Payment of the purchase consideration for the acquisition of Mehru Electrical and Mechanical - 1170cr
Objectives
- Payment of the purchase consideration for the acquisition of Mehru Electrical and Mechanical Engineers Private Limited
- Funding capital expenditure requirements of our Company for purchase plant and machinery
- andFunding inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes.
Highlights
- The company serves various customer categories, including public sector undertakings, maintaining strong client relationships.
- A significant portion of revenue comes from successfully fulfilling government tenders, demonstrating financial stability and operational efficiency.
- The company specializes in tailored transformer designs that minimize losses and improve overall efficiency.
- It implements rigorous quality control measures, including supplier material inspections and detailed stage-wise checks.
- The company operates a 17,876-square-foot manufacturing unit in Thirumazhisai, Thiruvallur, Chennai, Tamil Nadu, ensuring efficient production capacity.
Challenges
- Establishing manufacturing operations is complex and can take over 12 months, leading to potential cost overruns and financial strain.
- The absence of long-term agreements with suppliers increases the risk of raw material shortages, which could disrupt business operations.
- Persistent negative cash flows from operating, investing, and financing activities may hinder the company’s growth and financial stability.
- Dependence on revenue from Tamil Nadu makes the company vulnerable to regional economic fluctuations and market conditions.
- A significant portion of revenue comes from the top ten customers, meaning the loss of any key client could negatively impact profitability.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2023 | 3,103.60 | 1.50 | 398.92 | 398.92 | 5.529 |
| 2024 | 3,581.34 | 721.50 | 398.92 | 398.92 | 5.529 |
| 2022 | 2,507.82 | 1.50 | 398.92 | 398.92 | 5.529 |
