Quality Power Electrical Equipments is a leading Indian company providing advanced electrical equipment and solutions essential for the global energy transition. Specialising in high-voltage technologies for power generation, transmission, distribution, and automation, they cater to the needs of global clients, including Fortune 500 companies. Their products like HVDC and FACTS systems are pivotal for integrating renewable energies into traditional grids, enhancing efficiency and grid stability. Accredited with international standards such as ISO 17025:2017, their facilities ensure top-quality manufacturing and testing. With over two decades of expertise, the broad portfolio supports the modernization of electrical infrastructures and promotes sustainable energy practices globally.
Issue size
Funds Raised in the IPO
Amount
Overall
₹858.70 crores
Fresh Issue
₹225.00 crores
Offer for Sale
₹633.70 crores
Utilisation of proceeds
Purpose
INR crores (%)
Acquisition of Mehru Electrical and Mechanical Engineers
117.00 (52%)
Capital Expenditure for Plant and Machinery
27.22 (12.10%)
Inorganic Growth and Other Strategic Initiatives
80.78 (35.90%)
Financials
Financial Year Ended
March 2022
March 2023
March 2024
September 2024
Total Assets
252.86
312.24
358.88
399.64
Revenue
211.73
273.55
331.4
182.72
Profit After Tax
42.23
39.89
55.47
50.08
Strengths
Established provider of high-voltage electrical equipment for global energy transition.
Specializes in HVDC and FACTS systems essential for integrating renewable energy.
Holds ISO 17025:2017 accreditation, ensuring high standards in testing and reliability.
Broad product portfolio supports modern electrical infrastructures and grid stability.
Strong manufacturing presence in India with expansion capabilities through acquisitions like Mehru Electrical.
Risks
First public offering, with no prior market for the equity shares, introducing price volatility risks.
Dependent on the energy sector’s cyclicality and regulatory changes affecting project viability.
High capital expenditure requirements could strain financial resources if not managed.
International operations expose the company to geopolitical and exchange rate risks.
Legal and regulatory challenges, especially in high-compliance industries like electrical equipment manufacturing.
Allotment Status for Quality Power Electrical Equipments
