current GMP
Quality Power Electrical Equipments Ltd. (QPEEL) concluded its Initial Public Offering (IPO) on February 18, 2025, with a subscription rate of 1.29 times, indicating strong investor interest. citeturn0search0
Current GMP IPO Details:
- Price Band: The IPO was priced between ₹401 and ₹425 per share.
- Issue Size: The company aimed to raise approximately ₹858.70 crore, comprising a fresh issue of ₹225 crore and an offer for sale (OFS) of 1.49 crore shares. citeturn0search2
current GMP Subscription Status:
- Retail Investors: The retail portion was subscribed 1.82 times, with bids for 36.74 lakh shares against the 20.2 lakh shares allocated.
- Non-Institutional Investors (NIIs): This category saw a subscription of 1.45 times, with 43.94 lakh shares bid for against the 30.3 lakh shares on offer.
- Qualified Institutional Buyers (QIBs): The QIB segment was subscribed 1.03 times, with 62.34 lakh shares bid for against the 60.61 lakh shares reserved. citeturn0search5
current GMP Grey Market Premium (GMP):
On the final day of subscription, the GMP stood at ₹0, indicating that the shares were trading at par with the upper end of the IPO price band of ₹425. citeturn0search2
Company Overview:
Established in 2001, Quality Power Electrical Equipments Ltd. specializes in high-voltage electrical equipment and solutions for grid connectivity and energy transitions. The company offers products and services across power generation, transmission, distribution, and automation, including applications in renewable energy. With manufacturing facilities in Sangli, Quality Power Electrical Equipments Ltd. (QPEEL) concluded its Initial Public Offering (IPO) on February 18, 2025, with a subscription rate of 1.29 times, indicating strong investor interest.
current GMP IPO Details:
- Price Band: The IPO was priced between ₹401 and ₹425 per share.
- Issue Size: The company aimed to raise approximately ₹858.70 crore, comprising a fresh issue of ₹225 crore and an offer for sale (OFS) of 1.49 crore shares. m.economictimes.com
current GMP Subscription Status:
- Retail Investors: The retail portion was subscribed 1.82 times, with bids for 36.74 lakh shares against the 20.2 lakh shares allocated.
- Non-Institutional Investors (NIIs): This category saw a subscription of 1.45 times, with 43.94 lakh shares bid for against the 30.3 lakh shares on offer.
- Qualified Institutional Buyers (QIBs): The QIB segment was subscribed 1.03 times, with 62.34 lakh shares bid for against the 60.61 lakh shares reserved. upstox.com
current GMP Grey Market Premium (GMP):
On the final day of subscription, the GMP stood at ₹0, indicating that the shares were trading at par with the upper end of the IPO price band of ₹425.
current GMP Company Overview:
Established in 2001, Quality Power Electrical Equipments Ltd. specializes in high-voltage electrical equipment and solutions for grid connectivity and energy transitions. The company offers products and services across power generation, transmission, distribution, and automation, including applications in renewable energy. With manufacturing facilities in Sangli, Maharashtra, and Aluva, Kerala, QPEEL caters to a diverse global clientele, including Fortune 500 companies.
current GMP Investment Considerations:
Analysts have mixed views on the IPO. Some highlight the company’s strong financial growth, with revenue and profit increasing by 28% and 15% over the last two years, driven by a focus on exports and increased demand. However, concerns exist regarding the high valuation, with the company being priced at a P/E ratio of 81x based on FY24 earnings, significantly lower than the listed peer average of 276x.
current GMP Key Risks:
- Supply Chain Disruptions: The company’s just-in-time procurement process for raw materials makes it susceptible to delays or shortages, which could impact operations.
- Capital Intensity: The capital goods sector requires substantial working capital, posing challenges in managing liquidity and financing. livemint.com
Conclusion:
The Quality Power IPO’s full subscription on the final day reflects robust investor interest, particularly from retail investors. While the company’s strong market position and financial growth are positive indicators, potential investors should carefully consider the high valuation and associated risks before making investment decisions.
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ReasonMaharashtra, and Aluva, Kerala, QPEEL caters to a diverse global clientele, including Fortune 500 companies. citeturn0search9
Investment Considerations:
Analysts have mixed views on the IPO. Some highlight the company’s strong financial growth, with revenue and profit increasing by 28% and 15% over the last two years, driven by a focus on exports and increased demand. However, concerns exist regarding the high valuation, with the company being priced at a P/E ratio of 81x based on FY24 earnings, significantly lower than the listed peer average of 276x. citeturn0search0
Key Risks:
- Supply Chain Disruptions: The company’s just-in-time procurement process for raw materials makes it susceptible to delays or shortages, which could impact operations.
- Capital Intensity: The capital goods sector requires substantial working capital, posing challenges in managing liquidity and financing. citeturn0search0
Conclusion:
The Quality Power IPO’s full subscription on the final day reflects robust investor interest, particularly from retail investors. While the company’s strong market position and financial growth are positive indicators, potential investors should carefully consider the high valuation and associated risks before making investment decisions.
