Quality Power Electrical Equipment Limited IPO Allotment Status, Subscription Update, management details, Promoters Details and Current Quality Power IPO GMP:
About Quality Power Electrical Equipments:
Quality Power Electrical Equipments is a leading Indian entity making remarkable advancements in the global shift towards sustainable energy, focusing particularly on key power technologies. Our expertise lies in high-voltage electrical equipment and solutions that enhance electrical grid connectivity and support energy transitions effectively. With a strong focus on innovation, we provide cutting-edge power products and solutions across multiple sectors, including power generation, transmission, distribution, and automation, prioritizing large-scale renewable energy initiatives.
Our modern manufacturing facilities are built on stringent quality standards that fulfill the expectations of our global clientele, which includes several Fortune 500 companies. Our Testing & Research Lab in Sangli is accredited with ISO 17025:2017 by the National Accreditation Board for Testing and Calibration Laboratories (NABL), ensuring compliance with both Indian and international standards for systems up to 765kV.
Quality Power Electrical Equipment Limited IPO Allotment Status
Board of Director’s :
Thalavaidurai Pandyan – Chairman and Managing Director. As a founding promoter of Quality Power, he holds a diploma in electrical engineering and possesses 39 years of extensive industry experience. His professional background includes notable positions at Hind Rectifiers Limited and PS Electricals (P) Limited.
Bharanidharan Pandyan is the full-time director and joint managing manager. He has more than 22 years of experience as a promoter and graduated from S.P. Jain Institute of Management with a masters degree in family-managed business.
Chitra Pandyan Whole-time Director and promoter. She has contributed 22 years of service to the company and has completed her matriculation.
Mahesh Vitthal Saralaya is an 18-year veteran director who works full-time. He has experience from Shakti Capacitors Private Limited and a bachelor’s degree in electrical engineering.
An independent director with 38 years of expertise and an electrical engineering degree is Shailesh Kumar Mishra. At the Solar Energy Corporation of India and the Power Grid Corporation of India, he had occupied important roles.
Quality Power Electrical Equipment Limited IPO Allotment Status
Promoters: The Promoters of our Company include Thalavaidurai Pandyan, Chitra Pandyan, Bharanidharan Pandyan, and the Pandyan Family Trust. As of the date of this Red Herring Prospectus, they collectively own 72,149,960 Equity Shares, which accounts for an impressive 99.99% of the total issued, subscribed, and paid-up equity share capital of our Company.
Pournima Suresh Kulkarni An Independent Director with 17 years of experience, Pournima holds a degree in commerce and is a qualified chartered accountant. She has previously worked with various co-operative banks.
Rajendra Sheshadri Iyer With over 24 years of experience, Rajendra serves as an Independent Director. He possesses an engineering degree and has held positions at prominent companies such as ABB, GE Corporate UK, and Gridpro Ventures Private Limited.
Sadayandi Ramesh brings over 40 years of experience in the textiles industry as an Independent Director. He is also known as the promoter of Pothys Textiles.
Quality Power Electrical Equipment Limited IPO Allotment Status
Competitive Strength:
Quality Power is a leading player in the global energy transition and power technology sector, well-positioned to thrive amid the worldwide shift towards decarbonization and the adoption of renewable energy sources. The company boasts a solid history of growth and impressive financial performance. With a diversified customer base that includes global enterprises with enduring partnerships, Quality Power has established a substantial reputation in the industry.
Their extensive product portfolio covers essential equipment for energy transition and power technologies, both in India and abroad, navigating high trade barriers effectively. Quality Power’s strategic acquisition track record enhances their order book, further contributing to consistent growth. Supported by robust research and development capabilities, the company is committed to providing innovative, future-ready solutions. Moreover, the management team is rich in domain expertise, ensuring effective leadership and direction.
Quality Power Electrical Equipment Limited IPO Details:
The Quality Power IPO is a book-built issue valued at ₹858.70 crores, comprising a fresh issue of 0.53 crore shares totaling ₹225.00 crores and an offer for sale of 1.49 crore shares valued at ₹633.70 crores.
Bidding for the Quality Power IPO opened on February 14, 2025, and will close on February 18, 2025. Allotment results are expected by Wednesday, February 19, 2025, with the shares set to be listed on BSE and NSE on the tentative date of Friday, February 21, 2025.
The price band for the Quality Power IPO is set between ₹401 and ₹425 per share, with a minimum application lot size of 26 shares. Retail investors will need to invest a minimum of ₹10,426. To mitigate the risk of oversubscription, it is advisable for investors to bid at the cutoff price, which is approximately ₹11,050. For small and medium institutional investors (sNII), the minimum lot size investment is 19 lots (494 shares), totaling ₹2,09,950, while for big institutional investors (bNII), it is 91 lots (2,366 shares), amounting to ₹10,05,550.
Quality Power IPO Subscription Update:
Quality Power Electrical Equipment Limited IPO Allotment Status: As of Day 1, the Quality Power IPO has recorded a subscription rate of 0.62 times, based on data from the NSE. In the retail category, the subscription stands at 0.58 times, while Non-Institutional Investors (NII) have shown a more robust interest at 0.83 times. Within the NII segment, bids exceeding ₹10 lakh (bNII) have reached 0.14 times, contrasted with bids below ₹10 lakh (sNII) at a promising 1.15 times. Qualified Institutional Buyers (QIB) have subscribed at 0.54 times.
Quality Power Electrical Equipment Limited IPO Allotment Status: Day 2 of the bidding process, the overall subscription has climbed to 0.79 times. The retail segment has seen a significant uptake at 0.92 times, while the NII portion has been filled at 1.04 times. However, the QIB segment has experienced lower interest, currently standing at 0.62 times.
Current Quality Power IPO GMP:
Today, the Grey Market Premium (GMP) for the Quality Power IPO is ₹4, down ₹16 from last Friday’s GMP of ₹20. Market analysts believe this decline reflects the sluggish subscription activity coupled with negative market sentiments on Dalal Street. The Indian stock market has faced a continuous sell-off for the past eight sessions, impacting investor confidence and further contributing to the subdued response in the primary market, which has resulted in today’s dip in GMP.
Quality Power Electrical Equipment Limited IPO Allotment Status
Quality Power IPO: Should You Apply?
Choice Broking has given the upcoming IPO a ‘subscribe’ recommendation. They note, “At the upper end of the price range, QPEEL is targeting an EV/S multiple of 5.9x, which is below the average of its peers. With over 20 years of experience in the energy transition sector and a diverse array of products and solutions, the company is set to take advantage of the growing demand for energy transition technology, which is likely to drive profitable growth. Therefore, we advise a ‘SUBSCRIBE’ rating for this offering.”
Reliance Securities has also labeled the public issue as a ‘buy’. They state, “QPEEL stands out as an Indian manufacturer of high-voltage power products and power quality systems, boasting a diverse global clientele that includes over 210 clients, many of whom are Fortune 500 companies. The company is committed to fostering long-term relationships, emphasizing technology, operational scale, reliability, and quality in its energy projects. With a seasoned leadership team and a skilled workforce, QPEEL is well-positioned to seize growth opportunities, pursue strategic acquisitions, and drive market expansion. This will enhance its project execution capabilities and enable significant growth through its product offerings, paving the way for geographical expansion and solidifying its leadership in the energy transmission sector in the years ahead. For these reasons, we recommend a ‘SUBSCRIBE’ for this issue with a long-term perspective.”
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Official website of Quality power : https://qualitypower.com/
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