High quality Energy Electrical Equipments IPO from February 14, new shares of ₹ 225 crore can be – INA NEWS

High quality Energy Electrical Equipments IPO: The general public situation of the standard energy electrical tools providing excessive voltage electrical tools and options goes to open on 14 February. On 6 February, the corporate filed a crimson hering prospectus with the Registrar of Firms. Anchor buyers within the IPO will be capable to bid on 13 February. On the similar time, the closing of the problem can be on 18 February. The main points of how a lot the worth band can be for bidding within the IPO has not been revealed but.

After the general public situation is closed, the allotment can be finalized on February 20. This can be adopted by the itemizing of shares of high quality energy electrical tools on BSE, NSE on 24 February. New fairness shares value Rs 225 crore can be issued in IPO. Additionally, there can be a suggestion on the market of 1.49 crore shares from promoter Chitra Pandian.

High quality is consultants in provision of energy merchandise and options in energy electrical tools, energy technology, transmission, distribution and automation sectors. Together with this, giant scale additionally supplies tools and options ready for rising purposes comparable to renewables. Promoters of the corporate are Thalwaderai Pandian, Chitra Pandian, Bharanidharan Pandian and Pandian Household Belief. Listed Rivals of High quality Energy Electrical Gear embody corporations like Transformers and Rectifyers (India), Hitachi Vitality India and GE Vernova T&D India.

Learn how to use IPO cash

The corporate will use Rs 117 crore out of the cash to be obtained by releasing new shares in its IPO, Mehru Electrical and Mechanical Engineers. 27.2 crore rupees can be spent to purchase plant and equipment. The remaining cash can be made for inorganic progress, different strategic initiatives and common company functions.

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Pantometry Capital Advisors High quality Energy Electrical Equipments is the one e-book working lead supervisor for IPO. Hyperlink Inteime India, Registrar. 75 % of the IPO is reserved for certified institutional consumers, 10 % for retail buyers and 15 % for non -institutional buyers.

Monetary standing of High quality Energy Electrical Equipments

High quality Energy Electrical Gear was Rs 331.4 crore in FY 2024. It was Rs 273.55 crore in FY 2023. In FY 2024, internet revenue was recorded at Rs 55.47 crore, which was Rs 39.89 crore a yr in the past. The borrowing was Rs 38.28 crore, which was Rs 10.61 crore in FY 2023.

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