Tue Feb 18 11:52:48 UTC 2025: ## Quality Power Electrical Equipments IPO Oversubscribed on Day 3

**Mumbai, February 18, 2024** – The initial public offering (IPO) of Quality Power Electrical Equipments Ltd. (QPEEL), a company specializing in energy transmission equipment and technologies, continues to attract investor interest. By the close of trading on day three, the IPO was oversubscribed, exceeding the target by a margin that fluctuated throughout the day, with final figures showing oversubscription.

The ₹859 crore IPO, which opened on February 14th and closed on February 18th, comprises a fresh issue of ₹225 crore and an offer-for-sale (OFS) of ₹634 crore. The company priced its shares between ₹401 and ₹425. Strong participation from Non-Institutional Investors (NIIs) and Retail Individual Investors (RIIs) drove the oversubscription, while Qualified Institutional Buyers (QIBs) showed more moderate interest. Early reports indicated varying degrees of oversubscription, with final figures settling at just over 1.15x

QPEEL had already secured over ₹386 crore from anchor investors prior to the IPO launch. The proceeds from the fresh issue will fund the acquisition of Mehru Electrical and Mechanical Engineers and capital expenditure.

Analysts have offered mixed reviews, with some highlighting QPEEL’s strong revenue growth (₹182.72 crore total income and ₹50.08 crore net profit in H1 FY25), its focus on global markets (80.7% of revenue), and its relatively low P/E ratio compared to listed peers. Others expressed concern over valuation, citing a high P/E ratio at the upper price band and the current weak market environment. Despite these concerns, several analysts recommend a “subscribe” rating for long-term investors.

The company operates three manufacturing facilities: two in India and one in Turkey. QPEEL serves power utilities, power industries, and renewable energy entities, positioning itself to benefit from the growing global demand for energy transition equipment.

**Disclaimer:** This news article summarizes publicly available information. Investors should conduct their own thorough research and consult with financial advisors before making investment decisions.

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