Quality Power Electrical Equipments IPO from February 14

The public issue of the quality power electrical equipment offering high voltage electrical equipment and solutions is going to open on 14 February. On 6 February, the company filed a red hering prospectus with the Registrar of Companies. Anchor investors in the IPO will be able to bid on 13 February. At the same time, the closing of the issue will be on 18 February. The details of how much the price band will be for bidding in the ipo has not been revealed yet.

After the public issue is closed, the allotment will be finalized on February 20. This will be followed by the listing of shares of quality power electrical equipment on BSE, NSE on 24 February. New equity shares worth Rs 225 crore will be issued in IPO. Also, there will be an offer for sale of 1.49 crore shares from promoter Chitra Pandian.

Quality is experts in provision of power products and solutions in power electrical equipment, power generation, transmission, distribution and automation sectors. Along with this, large scale also provides equipment and solutions prepared for emerging applications such as renewables. Promoters of the company are Thalwaderai Pandian, Chitra Pandian, Bharanidharan Pandian and Pandian Family Trust. Listed Competitors of Quality Power Electrical Equipment include companies like Transformers and Rectifyers (India), Hitachi Energy India and GE Vernova T&D India.

The company will use Rs 117 crore out of the money to be received by releasing new shares in its IPO, Mehru Electrical and Mechanical Engineers. 27.2 crore rupees will be spent to buy plant and machinery. The remaining money will be made for inorganic growth, other strategic initiatives and general corporate purposes.

Pantometry Capital Advisors Quality Power Electrical Equipments is the only book running lead manager for IPO. Link Inteime India, Registrar. 75 percent of the IPO is reserved for qualified institutional buyers, 10 percent for retail investors and 15 percent for non -institutional investors.

Quality Power Electrical Equipment was Rs 331.4 crore in FY 2024. It was Rs 273.55 crore in FY 2023. In FY 2024, net profit was recorded at Rs 55.47 crore, which was Rs 39.89 crore a year ago. The borrowing was Rs 38.28 crore, which was Rs 10.61 crore in FY 2023.

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