The Quality Power Electrical Equipments Limited (QPEEL) Initial Public Offering (IPO) has garnered significant attention from investors, marking a pivotal moment for the company and its stakeholders.
This article delves into the allotment process, methods to check your allotment status, listing details, and other pertinent information to guide investors through this crucial phase.
Quality Power IPO Overview
Launched between February 14 and February 18, 2025, the Quality Power IPO aimed to raise approximately ₹858.70 crore. The offering comprised a fresh issue of 52.94 lakh equity shares, amounting to ₹225 crore, and an offer-for-sale (OFS) of 1.49 crore shares, totaling ₹633.70 crore.
The price band was set between ₹401 and ₹425 per share, with a minimum bid lot of 26 shares. The IPO witnessed a subscription rate of 1.29 times, indicating a moderate response from the market. citeturn0search4
Allotment Status and How to Check
The allotment of shares was finalized on February 20, 2025. Investors eager to know their allotment status can follow these steps:
- Through the Registrar’s Website (Link Intime India Private Ltd):
- Visit the Portal: Navigate to Link Intime’s IPO allotment page.
- Select the IPO: From the dropdown menu, choose ‘Quality Power Electrical Equipments Limited’.
- Input Details: Provide your PAN, application number, or DP/client ID.
- Submit Information: Enter the captcha code and click ‘Search’ to view your allotment status.
- Through BSE (Bombay Stock Exchange):
- Access the Allotment Page: Go to the BSE allotment status page.
- Select ‘Equity’ as Issue Type: Choose ‘Quality Power Electrical Equipments Limited’ from the ‘Issue Name’ dropdown.
- Enter Details: Input your PAN number or application No.
- Verify and Submit: Complete the verification process and click ‘Search’ to view your status.
- Through NSE (National Stock Exchange):
- Visit the NSE Portal: Head to the NSE IPO allotment page.
- Select the IPO: Choose ‘Quality Power Electrical Equipments Limited’ from the list.
- Provide Details: Enter your application number or PAN.
- Submit Information: After verification, click ‘Search’ to view your allotment status.
For investors who did not receive an allotment, refunds have been initiated and should reflect in the respective bank accounts shortly. Those allotted shares will see the credits in their demat accounts.
Listing Details
The shares of Quality Power Electrical Equipments Limited are scheduled to be listed on both the BSE and NSE on February 24, 2025. This marks a significant milestone for the company as it transitions to a publicly traded entity.
Grey Market Premium (GMP) Insights
The Grey Market Premium (GMP) serves as an informal indicator of the stock’s potential listing performance. As of February 22, 2025, the GMP for Quality Power shares stood at ₹5, suggesting a modest premium over the issue price.
This implies that the shares might list at approximately ₹430, slightly above the upper price band of ₹425. citeturn0search3
Company Profile
Established in 2001, Quality Power Electrical Equipments Limited is a prominent player in the energy sector, specializing in high-voltage electrical equipment and solutions.
The company caters to a global clientele, focusing on power generation, transmission, distribution, and automation. With manufacturing facilities in Sangli, Maharashtra, and Aluva, Kerala, Quality Power has a robust export portfolio, with 80.7% of its revenue in FY24 derived from international markets.
The company boasts a revenue Compound Annual Growth Rate (CAGR) of 28.3% between FY22 and FY24, reflecting its strong market position. citeturn0search6
Financial Performance
Quality Power has demonstrated impressive financial metrics, achieving a Return on Equity (ROE) of 29.2% and a Return on Capital Employed (ROCE) of 19.2% in FY24. These figures underscore the company’s efficient capital utilization and profitability.
The funds raised from the IPO are earmarked for strategic acquisitions, capital expenditure, and other growth initiatives, positioning the company for sustained expansion in the evolving energy sector.
Investor Considerations
While the GMP offers a glimpse into market sentiment, it’s essential for investors to conduct thorough research and consider their financial objectives before making investment decisions.
Market trends are volatile and past results don’t guarantee current or future success. Financial experts should be consulted, and attention should be kept through official releases from the companies and good-quality financial news organizations.
Conclusion
The Quality Power IPO represents a significant opportunity for investors interested in the energy sector. With the allotment process concluded and the listing date imminent, staying informed and vigilant is crucial.
By understanding the allotment status, monitoring market trends, and evaluating the company’s financial health, investors can make informed decisions aligned with their investment strategies.