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Quality Power IPO
Price Band
₹401.0–425.0
Issue Size
₹858.7 Cr
Lot Size
26 shares
Min Investment
₹11,050
GMP
+₹5.0 (1.18%)
Issue Price
₹425.0
Subject to Sauda
₹100
Paid only if allotted
Quality Power IPO AI Summary
- Quality Power IPO is listed on BSE, NSE.
- Price band: ₹401.0–₹425.0 per share, lot size 26 shares (min. investment ₹11,050).
- Subscription window: 14 Feb–18 Feb 2025, listing on 24 Feb 2025.
- Current GMP is +₹5.0 (1.18%), an estimated listing price of ₹430 — unofficial and can change daily.
Quality Power Electrical Equipments Limited is set to offer its IPO with a focus on energy transition technologies. With a strong growth trajectory and a solid product portfolio, the company aims to leverage the global shift towards renewable energy. Investors should consider the company's financial performance and market positioning before participating.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Quality Power IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 18 Feb 2025 — not a current signal.
15 of 22 reviewers say Positive
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Quality Power IPO Grey Market Premium (GMP) Today
GMP
+₹5.0
GMP %
+1.18%
Est. Listing
₹430.0
Updated: 25 Jul 2026 14:30
About the Company
Incorporated in 2001, Quality Power Electrical Equipments Limited is engaged in the business of energy transition equipment and power technologies. The company provides high-voltage electrical equipment and solutions for grid connectivity and energy transition, specializing in power products across generation, transmission, distribution, and automation sectors. The company manufactures critical high-voltage equipment for High Voltage Direct Current (HVDC) and Flexible AC Transmission Systems (FACTS) networks, enabling energy transition from renewable sources to power grids. With over 20 years of experience, the company offers reactors, transformers, converters, and grid interconnection solutions globally. The company operates 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 had 210 customers, including power utilities, power industries, and renewable energy entities. Product Portfolio: Power Product: Reactors, Line Traps, Transformers, Instrument Transformers, Line Tuners ,Metal Enclosed Capacitor Bank, Composites. Power Quality Systems: Static VAR compensators, STATCOM's, Harmonic Filters, Capacitor Banks, Shunt Reactors. As of March 31, 2024, the company has 163 full-time employees and 372 contractual workers. Competative Strength: Global energy transition and power technology player catering to diverse industry segments and poised to benefit out of global shift towards decarbonisation and adoption of renewable energy Demonstrated track record of growth and financial performance Diversified customer base of global businesses with long lasting relationships Comprehensive product portfolio in the energy transition equipment and power technologies sector in India and abroad with high trade barriers Demonstrated record of strategic acquisitions along with enhanced order book contributing to growth Research and development capabilities to offer future ready solutions Management team with domain experience
Company Financials (₹ Cr)
As of 2024-09-30
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 399.64 | 358.88 | 312.24 | 252.86 |
| Total Income | 182.72 | 331.40 | 273.55 | 211.73 |
| Profit After Tax | 50.08 | 55.47 | 39.89 | 42.23 |
| NET Worth | 238.63 | 190.33 | 175.66 | 160.29 |
| Reserves and Surplus | 150.43 | 162.56 | 153.86 | 149.76 |
| Total Borrowing | 25.55 | 38.28 | 10.61 | 11.52 |
Key Ratios
EPS
₹7.69
NAV
₹26.38
ROE
29.15%
ROCE
19.20%
RoNW
29.15%
P/B Value
16.11
P/E Ratio
55.28
Market Cap
₹3291.38 Cr
PAT Margin
16.74%
Debt/Equity
0.20
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Ge T&d India Ltd | 48.54 | 14.57% | 241.9 | 7.07 | 7.07 |
| Hitachi Energy India Limited | 320.86 | 12.04% | 308.63 | 38.64 | 38.64 |
| Transformers And Rectifiers (india) Ltd. | 39.49 | 8.35% | 251.51 | 3.24 | 3.24 |
| Quality Power Electrical Equipments Limited This IPO | 26.38 | 29.15% | — | 5.19 | 5.19 |
Promoters
Thalavaidurai Pandyan, Chitra Pandyan, Bharanidharan Pandyan and Pandyan Family Trust
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Payment of the purchase consideration for the acquisition of Mehru Electrical and Mechanical Engineers Pvt.Ltd. 117.00 2 Funding capital expenditure requirements of Company for purchase plant and machinery 27.22 3 Funding inorganic growth through unidentified acquisitions and other strategic initiatives and General corporate purposes 61.18 4 Issue expenses 74.83 Total 280.22
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹211.73 Cr in the year ending 31 Mar 2022, increasing to ₹273.55 Cr by 31 Mar 2023, and further rising to ₹331.40 Cr by 31 Mar 2024. However, the most recent figure of ₹182.72 Cr as of 30 Sep 2024 is for a 9-month period, not a full year, so isn't directly comparable.
Profit Trend
Profit After Tax was ₹42.23 Cr in the year ending 31 Mar 2022, increasing to ₹39.89 Cr by 31 Mar 2023. It then rose to ₹55.47 Cr by 31 Mar 2024. The latest figure of ₹50.08 Cr as of 30 Sep 2024 is also for a 9-month period, not a full year, so isn't directly comparable.
Valuation
At the issue price of ₹425, Quality Power has an implied P/E ratio of 55.28 based on its EPS of ₹7.69. This is lower than its peers, which have P/E ratios ranging from approximately 241.9 to 308.63.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the potential premium at which an IPO might list compared to its issue price. A positive GMP suggests that investors expect the stock to perform well on its listing day.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy and risk tolerance. It's important to consider the company's growth prospects and market conditions.
Who May Want to Wait
Investors who prefer stable returns and are risk-averse may want to avoid IPOs like this, as they can be subject to significant price fluctuations and market uncertainties.
IPO Timeline, Explained
The IPO opens for subscription on February 14, 2025, and closes on February 18, 2025. Allotment of shares is expected on February 19, 2025, with shares listed on the stock exchange on February 24, 2025.
Listing Gains — The Risk
Listing gains can be unpredictable and depend on market conditions at the time of listing. While some IPOs may experience significant gains, others may not perform as expected, leading to potential losses for investors.
This evaluation is generated from Quality Power's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Quality Power IPO GMP today?
Quality Power IPO GMP today is +₹5.0 (1.18%), indicating an estimated listing price of ₹430. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Quality Power IPO?
The price band of Quality Power IPO is ₹401.0–₹425.0 per share.
When does Quality Power IPO open and close?
Quality Power IPO opens on 14 February 2025 and closes on 18 February 2025.
When does Quality Power IPO list on the stock exchange?
Quality Power IPO listed on 24 February 2025 at ₹430.0.
What is the lot size for Quality Power IPO?
The lot size for Quality Power IPO is 26 shares, requiring a minimum investment of ₹11,050.
What is the price band for the IPO?
The price band for the IPO is ₹401 to ₹425.
What is the minimum investment required?
The minimum investment required is ₹11,050.
What is the lot size for this IPO?
The lot size for this IPO is 26 shares.
When does the IPO open and close?
The IPO opens on February 14, 2025, and closes on February 18, 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected premium of the stock on its listing day.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
14 Feb 2025
Close
18 Feb 2025
Allotment
19 Feb 2025
Listing
24 Feb 2025
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