Quality Power IPO fully subscribed on day 3; check allotment and listing date

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Quality Power Electrical Equipments Ltd. (QPEEL) has successfully concluded its Initial Public Offering (IPO), which was fully subscribed on the final day of bidding, February 18, 2025. The IPO 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. citeturn0search3

Quality Power IPO Subscription Details:

• Retail Investors: The retail portion was subscribed 1.45 times, indicating strong interest from individual investors. citeturn0search3
• Non-Institutional Investors (NII): This category saw a subscription of 1.23 times, reflecting a positive response from non-institutional entities. citeturn0search3
• Qualified Institutional Buyers (QIB): The QIB segment was subscribed 74%, suggesting a moderate level of interest from institutional investors. citeturn0search3

Quality Power IPO Price Band and Lot Size:

• Price Band: The IPO was priced between ₹401 and ₹425 per share. citeturn0search3
• Lot Size: Investors were required to apply for a minimum of 26 shares, amounting to ₹11,050 at the upper price band. citeturn0search3

Quality Power IPO Listing Date:

The shares of Quality Power Electrical Equipments Ltd. are scheduled to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on Friday, February 21, 2025. citeturn0search4

Quality Power IPO Allotment Date:

The basis of allotment for the IPO is expected to be finalized on Wednesday, February 19, 2025. Successful applicants will have the shares credited to their demat accounts by Thursday, February 20, 2025. citeturn0search4

Quality Power IPO About Quality Power Electrical Equipments Ltd.:

Established in 2001, Quality Power Electrical Equipments Ltd. operates in the energy transition and power technology sector. The company specializes in manufacturing high-voltage electrical equipment and providing solutions for power generation, transmission, distribution,Quality Power Electrical Equipments Ltd. (QPEEL) has successfully concluded its Initial Public Offering (IPO), which was fully subscribed on the final day of bidding, February 18, 2025. The IPO 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

Subscription Details:

• Retail Investors: The retail portion was subscribed 1.45 times, indicating strong interest from individual investors. m.economictimes.com
• Non-Institutional Investors (NII): This category saw a subscription of 1.23 times, reflecting a positive response from non-institutional entities. m.economictimes.com
• Qualified Institutional Buyers (QIB): The QIB segment was subscribed 74%, suggesting a moderate level of interest from institutional investors. m.economictimes.com

Price Band and Lot Size:

• Price Band: The IPO was priced between ₹401 and ₹425 per share. m.economictimes.com
• Lot Size: Investors were required to apply for a minimum of 26 shares, amounting to ₹11,050 at the upper price band. m.economictimes.com

Listing Date:

The shares of Quality Power Electrical Equipments Ltd. are scheduled to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on Friday, February 21, 2025.

business-standard.com

Allotment Date:

The basis of allotment for the IPO is expected to be finalized on Wednesday, February 19, 2025. Successful applicants will have the shares credited to their demat accounts by Thursday, February 20, 2025.

business-standard.com

Quality Power IPO About Quality Power Electrical Equipments Ltd.:

Established in 2001, Quality Power Electrical Equipments Ltd. operates in the energy transition and power technology sector. The company specializes in manufacturing high-voltage electrical equipment and providing solutions for power generation, transmission, distribution, and automation, including renewable energy applications. It is one of the few companies offering critical high-voltage equipment for High Voltage Direct Current (HVDC) and Flexible AC Transmission Systems (FACTS) to global customers.

zeebiz.com

Quality Power IPO Use of Proceeds:

The net proceeds from the IPO are intended for:

• Acquiring Mehru Electrical and Mechanical Engineers.
• Funding capital expenditures for plant and machinery.
• Supporting inorganic growth through acquisitions.
• Other strategic initiatives. m.economictimes.com

Quality Power IPO Investor Considerations:

While the IPO has garnered significant interest, potential investors should consider the following:

• Valuation: At the upper price band, the company is valued at a Price-to-Earnings (P/E) ratio of 81x based on FY24 earnings, which is lower than the peer average of 276x. livemint.com
• Financial Performance: For the first half of FY25, QPEEL reported a total income of ₹182.72 crore and a net profit of ₹50.08 crore. livemint.com
• Market Position: The company has a diversified global customer base with long-standing relationships and a comprehensive product portfolio in the energy transition equipment and power technologies sector. livemint.com

Investors are advised to conduct thorough due diligence and consult financial advisors before making investment decisions.

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ChatGPT can make mistakes. Check im and automation, including renewable energy applications. It is one of the few companies offering critical high-voltage equipment for High Voltage Direct Current (HVDC) and Flexible AC Transmission Systems (FACTS) to global customers. citeturn0search5

Quality Power IPO Use of Proceeds:

The net proceeds from the IPO are intended for:

• Acquiring Mehru Electrical and Mechanical Engineers.
• Funding capital expenditures for plant and machinery.
• Supporting inorganic growth through acquisitions.
• Other strategic initiatives. citeturn0search3

Quality Power IPO Investor Considerations:

While the IPO has garnered significant interest, potential investors should consider the following:

• Valuation: At the upper price band, the company is valued at a Price-to-Earnings (P/E) ratio of 81x based on FY24 earnings, which is lower than the peer average of 276x. citeturn0search0
• Financial Performance: For the first half of FY25, QPEEL reported a total income of ₹182.72 crore and a net profit of ₹50.08 crore. citeturn0search0
• Market Position: The company has a diversified global customer base with long-standing relationships and a comprehensive product portfolio in the energy transition equipment and power technologies sector. citeturn0search0

Investors are advised to conduct thorough due diligence and consult financial advisors before making investment decisions.