Quality Power IPO subscribed overall 1.29 times on the last day, while A retail quota was subscribed 1.82 times, QIB subscribed 1.03 times, and NII quota subscribed 1.45 times respectively.
Details About Quality Power IPO
Quality Power got approval from SEBI for an IPO of ₹858.70 crores to raise funds and maintain financial stability. Quality Power IPO is considered a fresh issue of ₹225 crores and offer for sale up to 1,49,10,500 equity shares with a face value of ₹10 each.
Moreover, the Quality Power company has decided on a price band between ₹401 to ₹425 per share. In this IPO total of 26 shares were available in 1 lot size for the minimum Retail category and for the maximum retail category 468 shares in 18 lot size, while S-HNI (Min) total of 494 shares in 19 lot size, while for the B-HNI category shares were 2,366 in 91 lot size.
To invest in Quality Power IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum investment of ₹11,050 and maximum investment of ₹1,98,900.
- Small HNI (S-HNI): Minimum investment of ₹2,09,950.
- B-HNI:- a minimum investment of ₹10,05,550.
Quality Power IPO subscription duration
The Opening date of Quality Power’s IPO was February 14, 2025, and the closing date was February 18, 2025.
The Quality Power IPO allotment was finalized on February 19, 2025, and the IPO listing is on February 21, 2025.
Quality Power IPO Funds Deployment
The company plans to use the money raised from the new shares for the following purposes:
- Payment for the purchase price of acquiring Mehru Electrical and Mechanical Engineers Private Limited.
- Financing the company’s capital expenditure needs for acquiring plant and machinery.
- Supporting inorganic growth through potential acquisitions and other strategic initiatives.
- general corporate purposes.
About Quality Power IPO
Quality Power Electrical Equipment is recognized for offering high-voltage electrical equipment and solutions designed for grid connectivity and energy transitions. The company is dedicated to delivering power generation, transmission, distribution, and automation services, including applications for renewable energy.
Quality Power Electrical Equipment, founded in 2001, is one of the well-known companies in India involved in the business of offering energy transition equipment and power technologies to their global clients.
Quality Power is one of the select global manufacturers of essential high-voltage equipment for HVDC and FACTS networks. These equipment and networks are inevitable in the transition of energy from renewable sources to conventional power grids.
To satisfy their Fortune 500 companies and other conglomerate clients, they make sure that their operational facilities meet the high requirements.
Quality Power IPO Financial Background
The company reported revenue of ₹331.4 crores in 2024 against ₹273.55 crore in 2023. The company reported profit of ₹55.47 crores in 2024 against profit of ₹39.89 crores in 2023.
