IPO

IPO Synopsis

Quality Power Electrical Equipments Ltd
Initial public offering of 20,204,600* equity shares of face value of Rs. 10/- each ("Equity Shares") of Quality Power Electrical Equipments Limited ("the Company" or the "Issuer") for cash at a price of Rs. 425.00* per equity share (including a premium of Rs. 415.00 per equity share) ("Offer Price") aggregating to Rs. 858.70* crores ("Offer") the offer comprises of a fresh issue of 5,294,100 equity shares aggregating to Rs. 225.00 crores (the "Oresh Issue") and an offer for sale of 14,910,500 equity shares aggregating to Rs. 633.70* crores by Chitra Pandyan (the "Promoter Selling Shareholder") (the "Offer for Sale") the offer will constitute 26.09 % of the post-offer paid-up equity share capital. The face value of the equity share is Rs. 10/- each and the offer price is 42.50 times the face value of the equity shares * Subject to finalization of the basis of allotmen.
Issue
Opens On Closes On
14-Feb-25 18-Feb-25
Money Payable On
Application Allotment
425.00 0.00
Minimum Application for shares in Nos : 26 Further Multiples of : 26
Cr Lead Managers to the Issue
Project Cost (.Cr) 205.39 Pantomath Capital Advisors Pvt Ltd
Project Financed through Current Offer (.Cr) 858.70  
Post Issue Equity Share Capital (.Cr) 77.44
Issue Price () 425.00
Projects
Payment of the purchase consideration for the acquisition of Mehru Electrical and Mechanical Engineers Pvt Ltd
Funding capital exp requirements of the company for purchase plant and machinery
General corporate purposes
Promoted By
Thalavaidurai Pandyan
Chitra Pandyan
Bharanidharan Pandyan
Listing At
BSE
NSE
Registrar to the Issue
MUFG Intime India Pvt Ltd