Quality Power Electrical Equipments came to market through an IPO that opened on 14 February 2025 and closed on 18 February 2025, and the shares listed on 24 February 2025 on BSE, NSE. The price band was ₹401 to ₹425 per share and one lot was 26 shares, so the minimum application was ₹11,050. The issue size was ₹858.7 crore. It combined a fresh issue of new shares with an offer for sale by existing shareholders.
Link Intime India Private Ltd was the registrar to the issue, and Pantomath Capital Advisors Pvt Ltd was the lead manager.
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Incorporated in 2001, Quality Power Electrical Equipments Limited is into the business of energy transition equipment and power technologies. The company is high-voltage electrical equipment and solutions for grid connectivity and energy transition. They specialize in the power products sectors in generation, transmission, distribution, and automation. It makes critical high-voltage equipment for High Voltage Direct Current (HVDC) and Flexible AC Transmission Systems (FACTS) networks, which are used to transform energy from renewable sources into power grids.
With more than 20 years of experience, the company provides reactors, transformers, converters, and grid interconnection solutions worldwide. The company has 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 has 210 customers, including power utilities, power industries, and renewable energy entities. As of March 31,2024, the company has 163 full-time employees and 372 contractual workers.
As described in the offer document.
| Metric | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 |
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Quality Power IPO: Firm mobilises over Rs 386 crore via anchor book. Marquee institutional investors including LIC Mutual Fund, Bank of India Mutual Fund, Maybank Securities, Ashish Kacholia-owned Bengal Finance & Investments, India Inflection Opportunity Fund, Kotak Iconic Fund, Mint Focussed Growth Fund, Bharat Value Fund, SBI General Insurance Company, Steptrade Revolution Fund, Benani Capital Scheme, Universal Sompo General Insurance Company, and IMAP India Capital Investment Trust invested in the company via anchor book.
Thalavaidurai Pandyan, Chitra Pandyan, Bharanidharan Pandyan, Pandyan Family Trust. Promoter holding 100% before the issue and 73.91% after.
Work out the listing gain for this IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Quality Power Electrical Equipments IPO was a ₹858.7 crore book-built issue, comprising a fresh issue of ₹225 crore and an offer for sale of ₹633.7 crore. It was priced at ₹401–₹425 per share with a lot size of 26 shares (₹11,050). The IPO was open from February 14 to February 18, 2025. Shares listed on BSE and NSE on February 24, 2025 at ₹430, a 1.2% premium to the issue price of ₹425.
Link Intime India Private Ltd is the registrar. Pantomath Capital Advisors Pvt Ltd is the book running lead manager.
The price band of Quality Power Electrical Equipments IPO is ₹401 to ₹425 per share.
The lot size of Quality Power Electrical Equipments IPO is 26 shares.
The minimum investment for Quality Power Electrical Equipments IPO is approximately ₹11,050 based on the upper price band.
The allotment date of Quality Power Electrical Equipments IPO is Feb 19, 2025.
Quality Power Electrical Equipments IPO listed on Feb 24, 2025. It was issued at ₹430.0(NSE) and is currently around ₹1410.00 as on 30-Oct-2026 3:30 PM, which is approximately 231.8% versus issue price. The 52-week high is ₹1,681.00.
You can check Quality Power Electrical Equipments IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Quality Power Electrical Equipments IPO allotment status on Rupix for quick and easy access.
₹401 to ₹425 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 26 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹11,050.
₹11,050, for one lot of 26 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 14 February 2025 and closed on 18 February 2025.
The basis of allotment was published on 19 February 2025 by Link Intime India Private Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 24 February 2025 on BSE, NSE.
The issue size was ₹858.7 crore. The fresh issue was 52,94,118 shares (aggregating up to ₹225 crore). The offer for sale was 1,49,10,500 shares (aggregating up to ₹633.7 crore).