1.Company Information
Quality Power Electrical Equipments Limited is an Indian company that serves global clients in the energy transition and power technology sectors. The company provides high voltage electrical equipment and solutions for electrical grid connectivity and energy transition. It is a technology-driven company that specialises in power products and solutions for power generation, transmission, distribution, and automation. Additionally, Quality Power Electrical Equipments Limited offers equipment and solutions for emerging applications such as large-scale renewable energy and data centres. Originally incorporated as a private limited company named "Quality Power Electrical Equipments Private Limited" on September 20, 2001, the company transitioned to a public limited company and changed its name to "Quality Power Electrical Equipments Limited". The registered and corporate office is located in Sangli, Maharashtra.
Key aspects of the company include:
Primary Business: Serving global clients with critical energy transition equipment and power technologies.
Solutions: Providing high voltage electrical equipment and solutions for electrical grid connectivity and energy transition.
Expertise: Specialising in power products and solutions across power generation, transmission, distribution and automation sectors.
Manufacturing: The company is proposing to set up a new facility for manufacturing high voltage electrical equipment in Sangli, Maharashtra
Promoters: The promoters of the company are Thalavaidurai Pandyan, Chitra Pandyan, Bharanidharan Pandyan, and Pandyan Family Trust.
2. Strengths
1) Serving global clients in critical energy transition equipment and power technologies.
2) Technology-driven company specializing in power products and solutions across power generation, transmission, distribution and automation sectors.
3) Demonstrated record of strategic acquisitions along with enhanced order book contributing to sustainable growth.
4) Research and development capabilities to offer future ready solutions.
5) Management team with domain experience.
3. Objects of the Issue
The Net Proceeds of the Fresh Issue are proposed to be utilized in the following manner:
1) Payment of the purchase consideration for the acquisition of Mehru Electrical and Mechanical Engineers Private Limited
2) Funding capital expenditure requirements of the Company for purchase plant and machinery
3) Funding inorganic growth through unidentified acquisitions and other strategic initiatives
4) General Corporate Purposes.
The Company will not receive any proceeds from the Offer for Sale and the proceeds received from the Offer for Sale will not form part of the Net Proceeds.
4.Quality Power Electrical Equipments Limited IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: qualitypower.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html