Quality Power Electrical Equipments Limited — Others, 15-05-2025: Monitoring Agency Report

Quality Power Electrical Equipments Limited has announced a Monitoring Agency Report on IPO proceeds utilization. The company completed a ₹117 crore acquisition of Mehru Electrical and Mechanical Engineers Pvt Ltd. However, capital expenditure and inorganic growth investments remain unutilized and deferred due to price renegotiations. Issue-related expenses stood at ₹20.07 crore, slightly above estimates. Unutilized funds of ₹88.5 crore are held in bank accounts. No adverse events or major deviations were reported, reflecting disciplined and compliant use of the IPO funds.