Quality Power IPO Allotment Status

Summary

Quality Power Electrical Equipments Limited, established in 2001, has grown into a significant player in the energy transition equipment and power technologies sector. Operating advanced manufacturing facilities in Sangli and Aluva, along with a strategic 51% stake in Turkey-based Endoks, the company specializes in high-voltage electrical equipment for HVDC and FACTS networks. Their extensive experience of over 20 years has helped them build relationships with 210 customers across power utilities, industries, and renewable energy sectors, supported by a workforce of 163 full-time employees and 372 contractual workers as of March 2024.

Quality Power IPO comes with a total issue size of ₹858.70 crore, comprising a fresh issue of ₹225.00 crore and an offer for sale of ₹633.70 crore. The IPO opened on February 14, 2025, and closed on February 18, 2025. The allotment date for the Quality Power IPO is expected to be finalized on Wednesday, February 19, 2025.

Steps to Check Quality Power IPO Allotment Status on Registrar Site

• Visit Link Intime India Private Ltd website
• Select "Quality Power IPO" from the dropdown menu on the allotment status page
• Enter your PAN ID, Demat Account Number, or Application Number in the designated field
• Complete the captcha verification process and click on the "Submit" button to view your allotment status

Steps to Check Quality Power IPO Allotment Status on BSE/NSE

• Navigate to the BSE/NSE IPO Allotment Status Page
• Choose "Quality Power IPO" from the list of active IPOs in the dropdown menu
• Input your Application Number and PAN ID in the required fields
• Verify the captcha and click "Search" to check your allotment status

Quality Power IPO Subscription Status 

Quality Power IPO received moderate investor interest, being subscribed 1.29 times overall. Here is a category-wise breakdown of the subscription as of 5:55:49 PM on February 18, 2025:

Retail Category: 1.82 times
Qualified Institutional Buyers (QIB): 1.03 times
Non-Institutional Investors (NII): 1.45 times

As of 5:55:49 PM

Utilization of IPO Proceeds 

The funds raised through the IPO will be utilized as follows:

• Strategic Acquisition: Payment for acquiring Mehru Electrical and Mechanical Engineers Private Limited
• Capital Expenditure: Purchase of plant and machinery
• Growth Initiatives: Funding inorganic growth through unidentified acquisitions
• General Corporate Purposes: Supporting various business initiatives

Quality Power IPO - Listing Details 

The shares are scheduled to list on February 21, 2025, on BSE and NSE. The subscription rate of 1.29 times indicates cautious investor interest in Quality Power's business model and growth prospects. The company has shown strong financial performance with revenue of ₹182.72 crore and profit after tax of ₹50.08 crore for the period ended September 30, 2024. Their comprehensive product portfolio, global presence with 75% average global revenue, and strategic focus on the growing renewable energy sector position them well as an emerging player in the energy transition equipment market.