Key Quantitative Figures
- Amount raised through IPO: ₹858.696 Crore
- Date of fund raising (allotment): 20th February 2025
- Quarter covered: June 30, 2026
Fund Utilization Status
The company confirms there was no deviation or variation in the utilization of proceeds from the Initial Public Offer for the quarter ended June 30, 2026.
Monitoring and Oversight
- Monitoring agency: Brickwork Ratings India Private Limited
- Audit Committee reviewed and approved the statement of deviation/variation
- The statement is enclosed as 'Annexure A' and available on company website www.qualitypower.com
Objects of Fund Raising and Utilization Details
The table in Annexure A provides detailed breakdown of fund utilization against objects mentioned in the prospectus:
| Object | Amount Utilized (₹ Crore) | Deviation/Variation | Comments |
| Payment of consideration for acquisition of Mehru Electrical and Mechanical Engineers Private Limited | 117.00 | Nil | No deviation |
| Capital Expenditure | 27.22 | Nil | No deviation |
| Issue-related Expenses | 19.61 | Nil | Utilization verified through bank statements and CA certificate |
| Funding inorganic growth through unidentified acquisitions and other strategic initiatives | 61.18 | Nil | No deviation |
| Total | 225.01 | No | No overall deviation |
Audit Committee Comments
The Audit Committee has noted that there was no deviation/variation in the utilization of funds raised through the Initial Public Offer.