What Does Quality Power Do?
Quality Power Electrical Equipment Limited operates in the power and electrical equipment sector. The company specializes in high-voltage electrical equipment, power grid connectivity solutions, and energy transition projects. Established in 2001, it supports infrastructure development in energy transmission and distribution.
Quick Information Table
| Category | Details |
|---|---|
| IPO Opening Date | 14th February 2025 |
| IPO Closing Date | 18th February 2025 |
| Price Band | ₹401 to ₹4,425 per share (Face Value: ₹10) |
| Lot Size | 1 Lot = 26 Shares |
| Minimum Investment | Retail: ~₹1,000,000 (1 Lot) / NII: ~₹45,000,000 (1 Lot) |
| Issue Size | ₹8,858 Crore (Fresh Issue: 5.3 Lakh Shares + OFS: 1.4 Lakh Shares) |
| Listing Date | Expected 21st February 2025 |
| Registrar | Link Intime India Pvt. Ltd. |
| Lead Manager | Pento Math Capital Advisors Pvt. Ltd. |
| GMP (Current) | ₹10 per share (Grey Market Premium) |
IPO Details Explained
Price Band & Investment Limits
- Price Band: ₹401 to ₹4,425 per share.
- Face Value: ₹10 per share.
- Retail Investors:
- 1 Lot = 26 Shares → Minimum Investment: ~₹1,000,000 (₹4,425 × 26 = ~₹115,050; discrepancies suggest premium pricing).
- NII/HNI Investors: ~₹45,000,000 per lot.
Reservation of Shares
- Retail Investors: 10%
- NIIs (Non-Institutional Investors): 45%
Financial Performance: Key Metrics
Revenue Growth
- FY 2022: ₹2,211 Crore.
- FY 2024: ₹3,331 Crore (~50% growth in 2 years).
Profit After Tax (PAT)
- FY 2022: ₹25 Lakh.
- FY 2024: ₹34 Lakh (~36% growth).
Market Cap
Over ₹3,000 Crore (Pre-IPO valuation).
Strengths of Quality Power
- Sector Expertise: 23+ years in high-voltage electrical solutions.
- Government Projects: Ties to power grid and energy transition initiatives.
- Revenue Momentum: 50% revenue growth in 2 years.
Risks to Consider
- Low Profit Growth: PAT increased only 36% despite higher revenue.
- High Price Band: Premium pricing (₹4,425 per share) may limit retail participation.
- Calculation Errors: Discrepancy in minimum investment (₹1,000,000 vs. ₹115,050). Verify via RHP.
GMP Status (Grey Market Premium)
As of now, the GMP is ₹10 per share. This suggests moderate grey market demand.
How to Apply for the IPO
- ASBA Method: Use net banking or mobile banking apps.
- Broker Platforms: Apply via Zerodha, Upstox, or Groww.
- Cut-Off Price Option: Select this to pay the final IPO price.
Final Review: Should You Invest?
Quality Power’s ties to energy infrastructure make it relevant for long-term investors. However, slow profit growth and high pricing require caution.
FAQs
1. What is the Quality Power IPO listing date?
Expected on 21st February 2025.
2. What is the lot size?
1 Lot = 26 Shares.
3. What is the current GMP?
₹10 per share (as of latest data).
Disclaimer: This article is for informational purposes only. Not investment advice. Consult a financial advisor before investing.
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