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Quality Power Electrical Equipments Limited IPO
Quality Power Electrical Equipments Ltd
₹10,426 /26 sharesMinimum Investment
Quality Power Electrical Equipments Limited IPO Listing Details
| Listed On | Issue Price | Listing Price | Listing Gains |
|---|---|---|---|
| BSE | ₹425.00 | ₹430.00 | ₹5.00 (1.18%) |
Quality Power Electrical Equipments Limited IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 14 Feb ‘25 - 18 Feb ‘25 | ₹10,426 | 26 | ₹401 - ₹425 |
| Issue Size | IPO Doc |
|---|---|
| 858.70Cr | RHP PDF |
Subscription rate
As of 18 Feb'25, 04:00 PM
| Qualified Institutional Buyers | 0.83x |
| Non-Institutional Investor | 1.26x |
| Retail Individual Investor | 1.53x |
| Total | 1.08x |
About Quality Power Electrical Equipments Limited
Founded in
2001
Managing director
Mr. Thalavaidurai Pandyan
Parent organisation
Quality Power Electrical Equipments Ltd
Quality Power Electrical Equipments Ltd IPO
https://www.youtube.com/watch?v=Ms8uELKBgNk
Strengths & Financials of Quality Power Electrical Equipments Limited
Strengths
Risks
The company is ISO 9001:2015 certified for quality management systems, ISO 14001:2015 certified for environmental management systems and ISO 45001:2015 certified for occupational health and safety management systems.
The company’s Test & Research Lab in Sangli is ISO 17025:2017 (international standard for testing and calibration laboratories) accredited by the National Accreditation Board for Testing and Calibration Laboratories (NABL).
The company claims that its product portfolio supports decarbonisation, sustainability, and green energy initiatives. Technologies like HVDC and STATCOM play an important role in integrating renewable energy into the power grid.
As of September 30, 2024, the company had 143 customers, including power utilities, renewable energy firms, and industries such as automotive, oil and gas, cement, chemicals, rail traction, steel, and metals. Several customers are major business conglomerates listed in the Fortune 500.
The company also states that it has a strong track record of acquisitions. Key acquisitions include Endoks (Turkey); S&S Transformers, Aluva, Kerala; Electrical Power Equipment Company, Bengaluru and key machinery and testing equipment from Toshiba Transmission & Distribution Systems (India) Pvt. Ltd., Rudraram, Telangana (2022).
The company has seen a consistent increase in revenue from operations over the years. Revenue from operations increased from Rs 182.64 crore in FY22 to Rs 252.25 crore in FY23 to Rs 300.60 crore in FY24.
A major portion of the company's revenue arises out of international markets. These markets contributed Rs 118 crore (75.77%) for the six months ending September 30, 2024, and Rs 242.51 crore (80.68%), Rs 194.83 crore (76.93%), and Rs 135.65 crore (74.27%) to the revenue from operations in FY24, FY23, and FY22, respectively. Any adverse regulatory or economic changes in these international markets could negatively impact the company’s business performance and finances.
The company relies on the High-Voltage Direct Current (HVDC) and Flexible Alternating Current Transmission Systems (FACTS) markets. Such markets are influenced by various social, economic, and regulatory factors. Any downturn in these markets could adversely affect the company’s finances and operations.
The company depends on its top 10 customers for a substantial share of its revenue. These clients contributed Rs 86.21 crore (55.36%) as of September 30, 2024, and Rs 174.87 crore (58.17%), Rs 141.04 crore (55.69%), and Rs 96.17 crore (52.66%) to the revenue from operations in FY24, FY23, and FY22, respectively. Any loss of any of these customers or a decline in their purchases could adversely impact the company’s financial performance.
The company is particularly dependent on its promoters and directors — Thalavaidurai Pandyan, Chitra Pandyan, and Bharanidharan Pandyan. The inability to retain or replace them could negatively impact the business operations.
As of September 30, 2024, the company had contingent liabilities amounting to Rs 110.04 crore. If these liabilities materialise, they could affect the company’s financial stability.
The company, along with its promoters, directors, and subsidiaries, is involved in certain legal proceedings. Any adverse judgments in any of these cases could be detrimental to the company’s business prospects.
As of December 31, 2024, the company’s borrowings amounted to Rs 9.49 crore. Any inability to repay or service these loans could adversely affect the company’s financial position.
Quality Power Electrical Equipments Limited Financials
*All values are in Rs. Cr
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Application Details of Quality Power Electrical Equipments Limited IPO
| Apply as | Price band | Apply upto |
|---|---|---|
| Regular | ₹401 - 425 | ₹2 Lakh |
| High Networth Individual | ₹401 - 425 | ₹2 - 5 Lakh |
For Quality Power Electrical Equipments Limited IPO, eligible investors can apply as Regular.