Quality Power Electrical Equipments Limited IPO
Quality Power Electrical Equipments Limited's IPO, a book-built issue of ₹858.70 crore, comprises a fresh issue of ₹225 crore and an offer for sale of ₹633.70 crore, with a price band of ₹4 ...
Read moreIPO Timeline
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14 Feb 2025Bidding Starts
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18 Feb 2025Bidding Ends
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19 Feb 2025Allotment Finalization
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20 Feb 2025Refund Date
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20 Feb 2025Demat Date
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24 Feb 2025Listing Date
About Quality Power Electrical Equipments Limited IPO
Quality Power Electrical Equipments Limited incorporated in 2001, is an Indian company serving global clients with critical energy transition equipment and power technologies and specialises in hig ...
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, it offers products like reactors, transformers, converters, and grid interconnection solutions globally. It has manufacturing facilities in Sangli, Maharashtra, and Aluva, Kerala. In 2011, it acquired 51% of Endoks, a Turkey-based subsidiary.
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The Objective of the Issue
- For the purchase consideration for Mehru Electrical and Mechanical Engineers Private Limited.
- Financing the company's capital expenditure needs to acquire equipment and plants.
- Financing inorganic expansion through strategic initiatives and unnamed acquisitions
Promoters:
The promoters of the company are
Thalavaidurai Pandyan, Chitra Pandyan, Bharanidharan Pandyan, and Pandyan Family Trust.
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