This 2025 listed stock surges 15% to hit record high; shares up over 105% from listing day

The stock ended at ₹803 on the NSE, up 12.19%.

The acquisition is being executed via a complete buyout from a German multinational. The current promoters for several years have contributed to elevating the company’s technical capabilities and global reach.

This transaction brings together two of India’s fastest-growing high-voltage equipment players—Quality Power, a specialist in high-voltage power products and power quality solutions, and Yash Highvoltage, a global supplier of condenser-graded bushings—to collaborate on scaling a trusted domestic brand with an international footprint, the company said in its press release.

“Sukrut Electric is a legacy brand synonymous with trust, precision, and long-term relationships across the global transformer industry,” said Bharanidharan Pandyan, Joint Managing Director of Quality Power.

Pandyan added, "Their deep integration with hundreds of transformer OEMs worldwide gives us an exceptional platform to serve the evolving demands of energy infrastructure. As grid modernisation and the energy transition drive unprecedented demand for high-performance transformer components, this acquisition positions us to deliver critical technologies at scale, deepen our global presence, and play a meaningful role in enabling the next generation of resilient and efficient power systems.”

Quality Power listing details

Shares of Quality Power Electrical Equipments Ltd on February 24, 2025, listed with a premium of nearly 2% against the issue price of ₹425.

The stock made its market debut at ₹432.05, registering a marginal gain of 1.65% from the issue price on the BSE. Later, it dropped 6.58% to ₹397.

On the NSE, shares of the firm listed at ₹430, a premium of 1.17%.

The initial public offering (IPO) of Quality Power Electrical Equipments Ltd got subscribed 1.29 times on the last day of bidding.

The initial share sale had a price range of ₹401-₹425 per share.

The IPO had a fresh issue of equity shares aggregating up to ₹225 crore and an Offer For Sale (OFS) of 1.5 crore shares valued at ₹634 crore at the upper end of the price band. This took the total issue size to ₹859 crore.

The company had said that the proceeds from the fresh issue will be utilised for the acquisition of Mehru Electrical and Mechanical Engineers and funding capital expenditure requirements for purchasing plant and machinery.

Besides, the company will use the funds for inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes, it said.

Quality Power share price performance

Shares of the company have witnessed a stellar run on the bourses. Data show that the stock price has increased over 10% in the past five sessions, over 54% in the past 30 days, and 107% since the scrip's listing date, i.e., February 24, 2025. (The stock ended at ₹387.90.)