Quality Power Electrical Equipments Ltd
Registered Office:
PLOT No L-61,MIDC Kupwad Block,
Sangli
-
416436,
Maharashtra, India.
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.
Opens On
Closes On
Application
Allotment
14-Feb-25
18-Feb-25
425.00-0.00
0.00-0.00
Minimum Application for shares in Nos :
26
Further Multiples of :
26
(Rs.Cr)
Lead Managers to the Issue
Project Financed through Current Offer
858.70
Post Issue Equity Share Capital
77.44
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
Thalavaidurai Pandyan
Chitra Pandyan
Bharanidharan Pandyan