Quality Power IPO: Energy Equipment Rocates of Langer Investors of 386 crore before major membership

Quality Power IPO: Quality Power Electrical Equipments Limited has gained 386 crores from 21 anchor investors before its IPO, which opens for public membership on Friday, 14 February 2025. The company informed the Boss on Thursday 13 February 2025, which includes Marki Investors. Of India.

Quality power, an energy transmission equipment and power technologies company, on Monday decides a price band 401 425 per share for this 859-Garrow Early Public Offer (IPO).

The initial share-selling will open for public membership on 14 February and end on 18 February. The bid for anchor investors will open for one day on 13 February, the company announced.

The evaluation of the company is almost judged 3,300 crores at the upper-end of the price band.

The initial public offering (IPO) includes a new issue of equity shares Sales for a proposal of 225 crore and 1.5 crore equity shares (O.S) 634 crores at the upper-end of the price band. It collects the size of the problem 859 crores.

As part of Oss, promoter Chitra Pandian will take off the company shares.

The Pandian family has a 100 percent stake in Maharashtra-based quality power.

Income from the latest issue will be used for the acquisition of Mehru Electrical and Mechanical Engineers Private Limited, which will be for the financing of capital expenditure requirements for purchasing plants and machinery.

In addition, the company will use funds for inorganic development through unknown acquisitions and other strategic initiatives and general corporate purposes.

The company has kept the size of 75 percent of the issue for qualified institutional buyers, 15 percent for non-institutional investors and the remaining 10 percent for retail investors.

Quality power is engaged in vital energy infection tools up to 765kV and power technologies and provides high-voltage electrical equipment and solution for electrical grid connectivity and energy infection.

The company specializes in the provision of power products and solutions in power generation, transmission, distribution and automation sectors.

According to a report of care ratings, the quality power is one of the some global manufacturers of the high-voltage direct current (HVDC) and the flexible AC transmission system network.

These devices and networks create important components for energy infections from renewable sources to traditional power grids.

The company had revenue from operations for the financial year ended on March 31, 2024 300 crores and its advantage was erected 55.5 crores.

Pantomath Capital Advisors Private Limited is the only book running lead manager and Link is the Registrar of Intime India IPO.

The company’s shares are expected to be listed on BSE and NSE on 24 February.