Quality Power Electrical Equipments IPO
Bookbuilding IPO | ₹859.00 Cr | Listing at BSE, NSE
IPO Open
Fri, Feb 14, 2025
IPO Close
Tue, Feb 18, 2025
Price Band
₹401.00 to ₹425.00
Market Cap (Pre-IPO)
₹3,291.38 Cr
IPO Details
| IPO Date | Feb 14, 2025 to Feb 18, 2025 |
| Listing Date | Tentative: Feb 24, 2025 |
| Face Value | ₹10.00 per share |
| Price Band | ₹401.00 to ₹425.00 |
| Lot Size | 26 Shares (Minimum: ₹11,050.00) |
| Sale Type | Offer For Sale + Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Issue Size | ₹859.00 Crores |
| Total Shares Offered | 20,204,600 shares |
| Fresh Issue | 5,294,100 shares |
| Offer For Sale | 14,910,500 shares |
Subscription Data
| Category | Times Subscribed |
|---|---|
| QIB | 1.03x |
| NII | 1.45x |
| RII | 1.82x |
| Total | 1.29x |
Quality Power Electrical Equipments IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | 1,51,53,450 (75.00%) |
| Retail Shares Offered | 20,20,460 (10.00%) |
| NII Shares Offered | 30,30,690 (15.00%) |
Quality Power Electrical Equipments IPO Lot Size
Investors can bid for a minimum of 26 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 26 | ₹11,050 |
| Retail (Max) | 18 | 468 | ₹198,900 |
| S-HNI (Min) | 19 | 494 | ₹209,950 |
| S-HNI (Max) | 90 | 2,340 | ₹994,500 |
| B-HNI (Min) | 91 | 2,366 | ₹1,005,550 |
Quality Power Electrical Equipments Financial Information (Restated Consolidated)
| Period Ended | 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 |
| EBITDA | 0.00 | 0.00 | 0.00 | 0.00 |
| 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 |
Amount in ₹ Cr
Key Performance Indicators
As of Sunday, March 31, 2024| KPI | Values |
|---|---|
| ROE (Return on Equity) | 29.15% |
| ROCE (Return on Capital Employed) | 19.20% |
| Debt/Equity | 0.20 |
| RoNW (Return on Net Worth) | 29.15% |
| PAT Margin (Profit After Tax Margin) | 16.74% |
| EBITDA Margin | 0.00% |
| Price to Book Value | 16.11 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 7.69 | 12.93 |
| P/E (x) | 55.28 | 32.86 |
| Promoter Holding | 100.00% | 73.91% |
Company Promoters
- Thalavaidurai Pandyan
- Chitra Pandyan
- Bharanidharan Pandyan and Pandyan Family Trust are the Promoters of the Company.
Company Overview
Incorporated in 2001, Quality Power Electrical Equipments Limited is engaged in the business of energy transition equipment and power technologies.
The company provides high-voltage electrical equipment and solutions for grid connectivity and energy transition, specializing in power products across generation, transmission, distribution, and automation sectors.
The company manufactures critical high-voltage equipment for High Voltage Direct Current (HVDC) and Flexible AC Transmission Systems (FACTS) networks, enabling energy transition from renewable sources to power grids.
With over 20 years of experience, the company offers reactors, transformers, converters, and grid interconnection solutions globally.
The company operates manufacturing facilities in Sangli, Maharashtra, and Aluva, Kerala. In 2011, it acquired 51% of Endoks, a Turkey-based subsidiary with design, assembly, and project management capabilities.
As of March 31, 2024, the company had 210 customers, including power utilities, power industries, and renewable energy entities.
Product Portfolio:
- Power Product: Reactors, Line Traps, Transformers, Instrument Transformers, Line Tuners ,Metal Enclosed Capacitor Bank, Composites.
- Power Quality Systems: Static VAR compensators, STATCOM's, Harmonic Filters, Capacitor Banks, Shunt Reactors.
As of March 31, 2024, the company has 163 full-time employees and 372 contractual workers.
Company Strengths
- Global energy transition and power technology player catering to diverse industry segments and poised to benefit out of global shift towards decarbonisation and adoption of renewable energy
- Demonstrated track record of growth and financial performance
- Diversified customer base of global businesses with long lasting relationships
- Comprehensive product portfolio in the energy transition equipment and power technologies sector in India and abroad with high trade barriers
- Demonstrated record of strategic acquisitions along with enhanced order book contributing to growth
- Research and development capabilities to offer future ready solutions
- Management team with domain experience
Use of Proceeds
| 1) | Payment of the purchase consideration for the acquisition of Mehru Electrical and Mechanical Engineers Private Limited | 117.00 |
| 2) | Funding capital expenditure requirements of our Company for purchase plant and machinery | 27.22 |
| 3) | Funding inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes | 61.18 |
Objectives
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Quality Power Electrical Equipments IPO Peer Comparison
Quality Power Electrical Equipments peer comparison with similar listed entities. (As on March 28, 2024)| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Quality Power Electrical Equipments Limited | 5.19 | 5.19 | 26.38 | - | 29.15 | - | Consolidated |
| Transformers And Rectifiers (india) Ltd. | 3.24 | 3.24 | 39.49 | 251.51 | 8.35 | 18.23 | Consolidated |
| Hitachi Energy India Limited | 38.64 | 38.64 | 320.86 | 308.63 | 12.04 | 36.32 | Consolidated |
| Ge T&d India Ltd | 7.07 | 7.07 | 48.54 | 241.90 | 14.57 | 32.69 | Consolidated |
Quick Info
| Sector | Capital Goods - Electric Equipment |
| Exchange | BSE, NSE |
| Market Cap (Pre-IPO) | ₹3,291.38 Cr |
| GMP | 0.00 |
Important Dates
| IPO Open | Feb 14, 2025 |
| IPO Close | Feb 18, 2025 |
| Allotment Date | Feb 19, 2025 |
| Credit to Demat | Feb 20, 2025 |
| Listing Date | Tentative: Feb 24, 2025 |
Lead Manager(s)
Pantomath Capital Advisors Pvt.Ltd.
Registrar
Description
- Quality Power Electrical IPO is a book build issue of ₹858.70 crores. The issue is a combination of fresh issue of 0.53 crore shares aggregating to ₹225.00 crores and offer for sale of 1.49 crore shares aggregating to ₹633.70 crores.
- Quality Power Electrical IPO bidding started from Feb 14, 2025 and ended on Feb 18, 2025. The allotment for Quality Power Electrical IPO was finalized on Feb 19, 2025. The shares got listed on BSE, NSE on Feb 24, 2025.
- Quality Power Electrical IPO price band is set at ₹425.00 per share . The lot size for an application is 26. The minimum amount of investment required by an retail is ₹11,050 (26 shares) (based on upper price). The lot size investment for sNII is 19 lots (494 shares), amounting to ₹2,09,950, and for bNII, it is 91 lots (2,366 shares), amounting to ₹10,05,550.