Quadrant Future Tek IPO
Open MainLineCurrent GMP
₹120 (+41.38%)
Price Band
₹ 275 – 290
Lot Size
50
Issue Size
₹290 Cr
Minimum Investment
₹14500 (50 Shares)
Listing Date
14 January 2025
Subscription
186.64x
About the Company
Quadrant Future Tek Limited is a research-driven company specializing in developing advanced Train Control and Signalling Systems under the Indian Railways' KAVACH project. The company focuses on enhancing railway safety and reliability, offering a Train Collision Avoidance System (TCAS) to prevent accidents. Additionally, Quadrant manufactures specialty cables for industrial applications, including the rail, naval (defense), automotive, solar, and electric vehicle sectors. These cables are designed for high performance, fire safety, and weight reduction, and are produced using Electron Beam Irradiation to enhance mechanical and thermal properties.
Key Divisions:
- Specialty Cables Division: Quadrant produces high-performance cables using in-house developed low smoke fire-resistant polymers treated with Electron Beam irradiation. These cables are used in rail vehicles, naval ships, electric vehicles, and renewable energy installations. The company boasts significant capabilities in manufacturing cables for the defense sector, railways, and solar installations, with certifications like NQA and ROHS.
- Train Control & Signalling Division: The company plays a vital role in the Indian Railways modernization efforts through the development of KAVACH, an indigenously developed Train Collision Avoidance System. KAVACH is set to enhance safety and operational efficiency on Indian Railways, making it the world's most economical automatic train collision protection system. The company also focuses on Electronic Interlocking Systems, and has participated in multiple tenders for the supply and installation of KAVACH equipment across railway stations and locomotives.
Technology and Innovation: Quadrant is known for its innovation-driven approach, focusing on embedded systems, specialized cable technology, and safety systems for railways. It has a dedicated research and development center for cable manufacturing and train control systems, ensuring high-quality production that meets international standards. The company's technology solutions adhere to SIL-4 safety standards and are supported by its in-house design and development teams in Bengaluru and Hyderabad.
Strategic Partnerships: Quadrant has formed strategic collaborations, such as with RailTel Corporation of India, to promote the KAVACH system both domestically and internationally. This partnership strengthens its position in the global railway sector.
Facilities and Manufacturing: The company's manufacturing facilities are located in Mohali, Punjab, with dedicated infrastructure for both the production of specialty cables and train control systems. It is accredited by various regulatory bodies, including RDSO and DGQA, and holds certifications for producing cables for rail and naval applications.
Promoters
- Mohit Vohra, Amit Dhawan
- Amrit Singh Randhawa
- Rupinder Singh
- Vishesh Abrol
- Vivek Abrol
- Aikjot Singh
- Rajbir Singh Randhawa
Promoters Holding
Holding Pre Issue
93.33%
Holding Post Issue
70.00%
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
- Funding long-term working capital requirements of the Company;
- Capital expenditure for the development of Electronic Interlocking System;
- Prepayment or repayment of all or a portion of outstanding working capital term loan availed by the Company; and
- General corporate purposes.
Address / Contact Info
Quadrant Future Tek Limited
illage Basma Tehsil
Banur, Distt Mohali - 140417
Punjab, India
Phone: +91 172 402 0228
Email: cs_qftl@quadrantfuturetek.com
Website: https://www.quadrantfuturetek.com/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Tuesday, 07 January 2025
IPO Close Date
Thursday, 09 January 2025
Basis of Allotment
Friday, 10 January 2025
Initiation of Refunds
Monday, 13 January 2025
Credit of Shares to Demat
Monday, 13 January 2025
Listing Date
Tuesday, 14 January 2025 — NSE & BSE
Important Dates
Open Date
07 January 2025
Close Date
09 January 2025
Basis Of Allotment
10 January 2025
Listing Date
14 January 2025
Financial Performance (₹ in Crores)
| Particular | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 149.66 | 142.82 | 118.82 | 112.77 |
| Revenue | 65.14 | 151.82 | 152.95 | 104.29 |
| Profit After Tax | -12.11 | 14.71 | 13.9 | 1.94 |
| Net Worth | 34.18 | 44.11 | 29.42 | 15.61 |
| Reserve & Surplus | 4.18 | 34.11 | 19.42 | 5.61 |
| Total Borrowings | 98.01 | 81.61 | 74 | 80.68 |
EPS Pre
4.90%
EPS Post
-6.05%
P/E Pre
59.13
P/E (Post Issue)
-47.91x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of Mar 31, 2024. |
|---|---|
| ROE % | 33.41 |
| ROCE % | 26.12 |
| Debt / Equity | 1.86 |
| RoNW % | 33.41 |
| PbW | 0 |
| Pat Margin % | 9.68 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Anchor Investors | 4500000 | 45 | 0 |
| Qualified Institutions | 3000000 | 30 | 0 |
| Non-Institutional | 1500000 | 15 | 0 |
| BNII | 1000000 | 10 | 0 |
| SNII | 500000 | 5 | 0 |
| Retail Investors | 1000000 | 10 | 0 |
| Total | 10000000 | 100 | 0 |
Subscription Status ( Thu, 09 Jan 25 01:09 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 3163636 | 419310850 | 132.54x |
| Non-Institutional | 1581818 | 402889450 | 254.7x |
| BNII | 1054546 | 274252100 | 260.07x |
| SNII | 527272 | 128637350 | 243.97x |
| Retail Investors | 1054545 | 260327900 | 246.86x |
| Total | 5799999 | 1082528200 | 186.64x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 50 | 14,500.00 |
| Retail (Max) | 13 | 650 | 188,500.00 |
| S-HNI (Min) | 14 | 700 | 203,000.00 |
| S-HNI (Max) | 68 | 3,400 | 986,000.00 |
| B-HNI (Min) | 69 | 3,450 | 1,000,500.00 |
Registrar
MUFG Intime India Private Limited ((Link Intime)
91-22-4918 6270
ipo.helpdesk@in.mpms.mufg.com
https://in.mpms.mufg.com/home.html
Book Running Lead Managers
- Sundae Capital Advisors
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Quadrant Future Tek IPO is a Book-building IPO worth ₹290 crores. The price band is ₹275 to 290 per share. The IPO opens on Tue, Jan 7, 2025 and closes on Thu, Jan 9, 2025. It will be listed on BSE and NSE. MUFG Intime India Private Limited ((Link Intime) is the registrar.
The Quadrant Future Tek IPO opens on Tue, Jan 7, 2025 and closes on Thu, Jan 9, 2025
Quadrant Future Tek IPO Price Band is ₹275 to 290.
Quadrant Future Tek IPO lot size is 50, and the minimum amount required for application is ₹14500.
The minimum investment for Quadrant Future Tek IPO is approximately ₹14500 based on the upper price band.
To apply for the Quadrant Future Tek IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Thu, Jan 9, 2025. After submission, funds are blocked until the basis of allotment of Quadrant Future Tek IPO is finalised.
Quadrant Future Tek IPO issue size is ₹290 crores.
Quadrant Future Tek IPO allotment date is Sat, Jun 27, 2026.
The registrar for Quadrant Future Tek IPO is MUFG Intime India Private Limited ((Link Intime). Investors can go to MUFG Intime India Private Limited ((Link Intime) website for IPO allotment status, refund processing, and other queries related to Quadrant Future Tek IPO through their official website or helpline.
The Quadrant Future Tek IPO GMP (Grey Market Premium) is ₹120 as of Tue, Jan 14, 2025. Based on the upper price band of ₹290 per share, the estimated Quadrant Future Tek IPO listing price is ₹410, indicating a potential listing gain of approximately 31% over the issue price.