Quality Power Electrical Equipments Ltd - IPO

Quality Power Electrical Equipments Ltd IPO Details

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.

Objective of issue

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.

Quality Power Electrical Equipments Ltd Contact Details

Quality Power Electrical Equipments Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - investorgrievance@qualitypower.co.in

Website - www.qualitypower.com