Quality Power Electrical Equipments IPO Upcoming
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Schedule of Quality Power Electrical Equipments
| Issue open date | 14 Feb 2025 |
| Issue close date | 18 Feb 2025 |
| UPI mandate deadline | 18 Feb 2025 (5 PM) |
| Allotment finalization | 19 Feb 2025 |
| Refund initiation | 20 Feb 2025 |
| Share credit | 20 Feb 2025 |
| Listing date | 21 Feb 2025 |
| Mandate end date | 05 Mar 2025 |
| Lock-in end date for anchor investors (50%) | 21 Mar 2025 |
| Lock-in end date for anchor investors (remaining) | 20 May 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Quality Power Electrical Equipments
Quality Power Electrical Equipments is a leading Indian company providing advanced electrical equipment and solutions essential for the global energy transition. Specialising in high-voltage technologies for power generation, transmission, distribution, and automation, they cater to the needs of global clients, including Fortune 500 companies. Their products like HVDC and FACTS systems are pivotal for integrating renewable energies into traditional grids, enhancing efficiency and grid stability. Accredited with international standards such as ISO 17025:2017, their facilities ensure top-quality manufacturing and testing. With over two decades of expertise, the broad portfolio supports the modernization of electrical infrastructures and promotes sustainable energy practices globally.
Financials of Quality Power Electrical Equipments
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹858.70 crores |
| Fresh Issue | ₹255 crores |
| Offer for Sale | ₹633.70 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Acquisition of Mehru Electrical and Mechanical Engineers | 117.00 (52%) |
| Capital Expenditure for Plant and Machinery | 27.22 (12.10%) |
| Inorganic Growth and Other Strategic Initiatives | 80.78 (35.90%) |
Strengths
- Established provider of high-voltage electrical equipment for global energy transition.
- Specializes in HVDC and FACTS systems essential for integrating renewable energy.
- Holds ISO 17025:2017 accreditation, ensuring high standards in testing and reliability.
- Broad product portfolio supports modern electrical infrastructures and grid stability.
- Strong manufacturing presence in India with expansion capabilities through acquisitions like Mehru Electrical.
Risks
- Dependent on the energy sector’s cyclicality and regulatory changes affecting project viability.
- High capital expenditure requirements could strain financial resources if not managed.
- International operations expose the company to geopolitical and exchange rate risks.
- Legal and regulatory challenges, especially in high-compliance industries like electrical equipment manufacturing.
Allotment Status for Quality Power Electrical Equipments
To check your allotment status – click here.