| Company | Quality Power Electrical -Equipments Ltd.. |
| Company Type | Non-SME |
| Sector | Capital Goods- Electrical Equipment |
| Promoter Holding- Pre IPO | 100% |
| Promoter Holding – Post IPO | 73.91% |
| Dilution (%) | 26.09% |
| Fresh Issue | 52,94,118 Shares- INR-225 Cr. |
| OFS | 1,49,10,500 Shares – INR-633.70Cr. |
| Offer Size | INR 858.70 Cr. |
| Price Band | INR 401-425 per share |
| Cost for one lot | INR 11,050 |
| No. of Share Post-IPO | 7,74,44,118 Shares |
| Market Cap | INR 3291 Cr. |
| FY22 Profit | INR 42 Cr. |
| FY23 Profit | INR 40 Cr. |
| FY24 Profit | INR. 55.5 Cr. |
| H1FY25 Profit | INR 50 Cr. |
| P/E | 42x |
| Last Year Sales Growth | 11% |
| Opening Date | 14-Feb-2025 |
| Closing Date | 18-Feb-2025 |
| Listing Date | 21-Feb-2025 |
Question 1 : What is the Overview of the Company?
Business Focus:
Quality Power Electrical equipments Ltd. specializes in high-voltage energy transmission solutions, ensuring seamless integration of renewable energy into power grids.
Key Product Segments:
- Power Products – Reactors, transformers, and line traps for efficient high-voltage transmission.
- Power Quality Systems – Static VAR compensators (SVCs), STATCOMs, harmonic filters, and capacitor banks for grid stability.
Product Portfolio
Category Wise Revenue Bifurcation:
Geography wise Revenue Breakup
(Manufacturing Units (Sangli, Maharastra and Aluva, Kerala):
Question 2 : Who are the promoters of the company ?
Quality Power Electrical equipments Ltd. is promoted by the Pandyan family, specifically:
- Thalavaidurai Pandyan: Founder and key promoter of the company.
- Chitra Pandyan: Co-promoter and significant shareholder. As part of the Offer for Sale (OFS) in the company’s IPO, she is divesting a portion of her shares.
- Bharanidharan Pandyan: Co-promoter and member of the founding family.
- Pandyan Family Trust: A trust representing the family’s collective interests in the company.
Question 3 : How Company performed in the past ?
| Particluar (INR Cr.) | FY22 | FY23 | FY24 | H1FY25 |
| Total Revenue | 212 | 274 | 331 | 183 |
| Net Profit | 42 | 40 | 55.5 | 50 |
Question 4: How much money is the company raising and why ?
In the IPO, the company is offering 2.02 Cr. shares, priced at INR 400-425 Per share, aggregating to Total of INR 858.70 Cr. with a lot size of 26 shares. For the purpose of:
Payment of the purchase consideration for the acquisitions of Mehru Electrical and Mechanical Engineers Private Limited – INR 117 cr.
Funding capital expenditure requirements for purchases of machinery – INR 27.2 cr
Offer for Sale – INR 633.70 Cr.
General Corporate Purpose
Question 5: Valuation of the company and comparison with other companies
| Particular | Market Cap (In Cr.) | P/E |
| Quality Power Electrical Equipment limited | 32911 | 42x |
| Transformer & Rectifiers (India) Limited | 12879 | 80x |
| Hitachi Energy (India) Limited | 49,782 | 159x |
| GE Vernova T&D India Limited | 41,256 | 84x |
DISCLAIMER: This document is created for educational and informational purposes only and should not be construed as a Buy/Sell recommendation, investment advice or a research report. Although the document accurately reflects the personal views of the authors,t there may be manual human errors in the document. The authors may also have equity shares in the companies mentioned in this report. Investors are advised to consult his/her investment advisor and undertake further due diligence before making any investment decision in the companies mentioned. Authors are not liable for any financial gains or losses due to investments made as per the information written in this document
