Quality Power Electrical Equipments Limited is a company specializing in energy transition equipment and power technologies. It focuses on providing high-voltage electrical equipment and solutions for grid connectivity and energy transition, catering to the generation, transmission, distribution, and automation sectors. The company plays a crucial role in manufacturing high-voltage equipment for High Voltage Direct Current (HVDC) and Flexible AC Transmission Systems (FACTS), facilitating the integration of renewable energy sources into power grids. As of March 31, 2024, Quality Power served 210 customers, including power utilities, power industries, and renewable energy entities.
The Quality Power IPO is set to open on February 14, 2025, and will close on February 18, 2025. The price band for the IPO is ₹401 to ₹425 per share, with the allocation divided as follows: 10% for retail investors, 75% for Qualified Institutional Buyers (QIBs), and 15% for High Net-Worth Individuals (HNIs). The shares are expected to be listed on both the BSE and NSE on February 21, 2025, with the allotment date scheduled for February 19, 2025.
In terms of financial performance, the company reported a revenue of ₹331.4 crores in 2024, up from ₹273.55 crores in 2023. Its profit also increased significantly, reaching ₹55.47 crores in 2024 compared to ₹39.89 crores in 2023. This growth highlights the company’s strong performance and expanding market presence in the energy transition and power technology sectors.
