Quality Power Electrical Equipment Limited specializes in energy transition equipment and power technologies for high-voltage electric solutions for GRID Connectivity. The company has started its Initial Public Offering or IPO on 14th February. Which is 78% subscribed already.
IPO Subscription Status
As per the report, Non-Institutional Investors have subscribed 1.02 times, Retail individual investors subscribed 89% and Qualified Institutional Buyers subscribed 62%. The price band was set at Rs 401 to Rs 425 per share with a lot of 26 Shares. All allotment should be finalized within 19th Feb and BSE, NSE listing will be done on 21st Feb.
Quality Power Share Price in Today’s Market
As mentioned previously the price band is set between Rs 401 and Rs 425. Total market capitalization of the company is around Rs 3300 at the upper end.
Company Financials
Between FY22 and FY24 the company achieved a 28.3% revenue CAGR. In 2024 80.7% of the revenue came from exports. This indicates high capital efficiency with a ROE of 29.2% and a ROCE of 19.2%.
Recent News about Quality Power Share
As of 13th February, the company Quality Power has raised Rs 386.41 Crore from 21 institutional investors. The IPO funds will be used to acquire Mehru Electrical and Mechanical Engineers, Capital Expenditure for plant and machineries.
Grey Market Premium or GMP
The current GMP for Quality Power Share is Rs 5, which means the listing price is now Rs 430 per share. This clearly indicates 1.18% premium over upper band. Do keep in mind GMP can be changed.
Quality Power has a diversified global customer base of 210+ global clients, including Fortune 500 companies. They are famous for their long-term relationships focusing on technology, scale of operations, reliability, and quality in energy projects.
