February 21, 2025
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Quality Power IPO GMP, Details, Guidance, Subscription Status, allotment @ Chanakyanipothi.com
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Table of Contents
- GMP
- Reviews
- Subscription
- Allotment
What is the latest news relating to Quality Power IPO?
The IPO document has received Sebi nod, and it is anticipated to enter the market next week
What is the latest GMP of Quality Power IPO?
Rs. ?
Quality Power Electrical IPO Subscriptions
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| QIB | B HNI X | S HNI X | NII X | RII X | Total X |
| 1.03 | 1.78 | 0.79 | 1.45 | 1.82 | 1.29 |
| Applications: 1,20178 / (?x) Amount wise Bids recd. Rs. ? Crore |
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What are the promoters of Quality Power IPO?
The promoters of the Company are THALAVAIDURAI PANDYAN, CHITRA PANDYAN, BHARANIDHARAN PANDYAN AND PANDYAN FAMILY TRUST
What are the Objects of Quality Power IPO?
The Offer consists of fresh issue of capital and an Offer for Sale by the Selling Shareholders.
The Net Proceeds of the Fresh Issue are proposed to be utilized in the following manner:
1. Payment of the purchase consideration for the acquisition of Mehru Electrical and Mechanical Engineers Private Limited;
2. Funding capital expenditure requirements of our Company for purchase plant and machinery; and
3. Funding inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes
What is the business of Quality Power?
Quality Power Equipment is an Indian player serving global clients in critical energy transition equipment and power technologies. It provides high voltage electrical equipment and solutions for electrical grid connectivity and energy transition. It is a technology-driven company specializing in the provision of power products and solutions across power generation, transmission, distribution, and automation sectors. Additionally, it offers equipment and solutions tailored for emerging applications such as large-scale renewables. Its manufacturing facilities adhere to the quality standards required by its global conglomerate clientele, including those listed on the Fortune 500.
It is among the few global manufacturers of critical high voltage equipment for High Voltage Direct Current (“HVDC”) and Flexible AC Transmission Systems (“FACTS”) networks. These equipment and networks form key components for energy transition from renewable sources to traditional power grids. With over two decades of experience in the energy transition space, it provides an extensive range of products crucial for effective power transmission and advanced power automation.
Its offerings include reactors, transformers, line traps, instrument transformers, capacitor banks, converters, harmonic filters, and reactive power compensation systems. Additionally, its grid interconnection solutions feature technologies such as STATCOM and static var compensator systems (“SVC”). Its domestic and global footprint allows it to cater to both Indian and global customer bases.
Its operating facilities adhere to the quality standards required by its global conglomerate clientele, including those listed on the Fortune 500. Additionally, its test laboratory facility in Sangli holds ISO 17025:2017 accreditation from the National Accreditation Board for Testing and Calibration Laboratories, certifying it as an independent test laboratory that complies with both Indian and international standards for systems up to 765kV.
For more information, click www.qualitypower.com
Quality Power IPO GMP, Particulars & Guidance
| Quality Power IPO Details | |
| IPO opens ? | 14 February 2025 |
| IPO closes on | 18 February 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 20204618 Shares / Rs 858.70 Crore |
| * Fresh Issue | 5294118 Shares / Rs 225 Crore |
| * Offer for Sale | 14910500 Shares / Rs 633.70 Crore |
| Face Value per share: | Rs. 10 |
| Price Band | Rs. 401-425 |
| Retail Discount | Rs 0 per share |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 26 Shares |
| Listing will at | BSE, NSE |
| Shares offered | Shares | Rs. in Crore |
| QIB (75 %) | 15153463 | 644.03 |
| NII (15 %) | 3030693 | 128.80 |
| RII (10 %) | 2020462 | 85.87 |
| Employees | – | – |
| Total Shares | 20204618 | 858.70 |
| Retail portion will be oversubscribed by | ? Forms. | |
| How to apply in Quality Power IPO? | Amount Rs. |
|
| Min Retail Application | 26 Shares | 11050 |
| Max Retail Application | 468 shares | 198900 |
| Small HNI (Min) application | 494 Shares | 209950 |
| Small HNI (Max) application | 2340 Shares | 994500 |
| Big HNI Application | 2366 Shares | 1005550 |
| What is the timetable of the IPO? | |
| IPO opens on | 14 February2025 |
| IPO Closes on | 18 February 2025 |
| IPO Allotment on | 20 February 2025 |
| Unblocking of Asba | 21 February 2025 |
| Credit of Shares | 21 February 2025 |
| Listing of Shares | 24 February 2025 |
| Registered Office of the company | |
| Plot No. L-61, M.I.D.C Kupwad Block, Sangli – 416 436 Maharashtra, India |
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| Who are the Lead Managers of IPO? Pantomath Capital Advisors Pvt ltd |
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| Registrar to IPO | |
| Link Intime India Pvt Limited |
| Quality Power IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs. in Cr | Rs.in Cr | Rs. | % | |
| 2021-22 | 211.73 | 42.23 | 2.29 | 26.34 |
| 2022-23 | 273.55 | 39.89 | 2.86 | 22.71 |
| 2023-24 | 331.40 | 55.47 | 5.19 | 29.15 |
| Book Value of the Share on 31.03.2023 |
Rs. | 26.38 | ||
| BV after the FPO | Rs. | ? | ||
| Offer Price at Cap | Rs. | 425 | ||
| Quality Power IPO Ratio Analysis |
|
| Price /EPS | 81.89 |
| Price/Book Value Ratio | 16.11 |
| Price/BV after IPO | ? |
How Quality Power IPO compares with the Peers?
Peer Comparison.
| As on date of DRHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Cr | |||
| Quality Power | 10 | 301 | 81.89 |
| Transformer & Recti | 1 | 1295 | 219.58 |
| Hitachi Energy | 2 | 5237 | 300.81 |
| GE T&D | 2 | 3168 | 222.02 |
# This is only coverage of News related to Grey Market. We do not deal in grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Quality Power IPO Guidance by Paresh Gordhandas, CA & Research Analyst.
Quality Power Equipment: A Global Leader in Energy Transition Solutions
Quality Power Equipment is an Indian company that caters to global clients with critical energy transition technologies and power solutions. The company specializes in providing power products and solutions across the power generation, transmission, distribution, and automation sectors. Additionally, it offers tailored equipment and solutions for emerging sectors, such as large-scale renewable energy applications.
The company’s manufacturing facilities meet the stringent quality standards demanded by its global clientele, including Fortune 500 companies.
As one of the few global manufacturers of essential high-voltage equipment for High Voltage Direct Current (HVDC) and Flexible AC Transmission Systems (FACTS) networks, Quality Power Equipment plays a pivotal role in the energy transition from renewable sources to traditional power grids. The HVDC sector is expected to grow at a remarkable 80% rate over the coming years, vastly outpacing the normal 9% growth rate. According to CareEdge Research, the global HVDC and FACTS market is projected to expand at a compound annual growth rate (CAGR) of 75-80%, from USD 23,791 million to USD 249,744 million. In India, this market is expected to grow at a CAGR of 60-65%. HVDC technology is particularly suited for long-distance electricity transmission, including cross-border power trading, and is essential for connecting remote renewable energy sources, such as offshore wind farms, to the grid. As renewable energy generation continues to grow, effective integration into existing power grids is crucial, and HVDC equipment is key to this process.
In India, the HVDC equipment market is competitive, with five main players, with Quality Power Equipment being the most prominent. The company’s compound annual growth rate (CAGR) of 28.30% is the highest among its peers, driven by robust export sales.
Strong Financial Performance
In H1FY25, Quality Power Equipment posted the highest EBITDA margin in its peer group, at 20.16%, while its competitors recorded EBITDA margins ranging from 6.66% to 13.85%. In FY24 and H1FY25, the company also achieved the highest return on equity (ROE) among its peers, reflecting its strong financial momentum and consistent outperformance.
The company leads its peers in export sales, increasing its export share from 74.30% in FY22 to 80.70% in FY24.
Financial Strength and Growth Outlook
Quality Power Equipment has a robust balance sheet, with financial assets of Rs. 139.05 crore as of March 31, 2024, and no debt. Based on the strong performance in H1FY25, I anticipate an earnings per share (EPS) of Rs. 9-10 for the full year, with shares priced attractively at a PE multiple of 47/42.
While the secondary market may see some selling pressure, this IPO is expected to offer solid returns over the medium to long term, positioning Quality Power Equipment as a potential multibagger.
Conclusion: Must Apply for the IPO
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