Quadrant Future Tek IPO Details
The Quadrant Future Tek IPO is a book build issue with a total issue size of ₹290 cr, comprising of fresh issue of 10000000 equity shares. Quadrant Future Tek IPO opened for subscription on Jan 07, 2025 and closed on Jan 09, 2025. Quadrant Future Tek IPO is set price band at ₹275 to ₹290 per share, with a lot size of 50 shares. Minimum investment for Retail investors was ₹14,500.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Jan 10, 2025, and listed on both the NSE and BSE on Jan 14, 2025.
MUFG Intime India Private Limited has been appointed as the registrar. Sundae Capital Advisors are the Book Running Lead Manager for the issue.
Before investing in the Quadrant Future Tek IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 275 – 290
- Lot Size
- 50
- Issue Size
- ₹290 Cr
- Minimum Investment
- ₹14500 (50 Shares)
- Listing Date
- 14 January 2025
Current GMP
₹120 (+41.38%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About Quadrant Future Tek Limited
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.
Quadrant Future Tek IPO 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%
Quadrant Future Tek IPO Objective
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
Book Running Lead Managers
- Sundae Capital Advisors
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 with a total issue size of ₹290 crore. The Quadrant Future Tek IPO price band is ₹275 to 290 per share. The Quadrant Future Tek IPO subscription opens on Tue, Jan 7, 2025, and closes on Thu, Jan 9, 2025. The Quadrant Future Tek IPO will be listed on the BSE,NSE. MUFG Intime India Private Limited is the registrar for the Quadrant Future Tek IPO.
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 per share.
Quadrant Future Tek IPO lot size is 50 shares, Retail investors need a minimum investment of ₹14500 based on the upper price band
The minimum investment for Quadrant Future Tek IPO is ₹14500, based on one lot of 50 shares at the upper price band of ₹290 per share.
Investors can apply for the Quadrant Future Tek IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Thu, Jan 9, 2025. The application amount remains blocked until the Quadrant Future Tek IPO allotment is finalized.
Quadrant Future Tek IPO issue size is ₹290 crores.
Quadrant Future Tek IPO allotment date is Wed, Jul 1, 2026.
The registrar for Quadrant Future Tek IPO is MUFG Intime India Private Limited. Investors can go to MUFG Intime India Private Limited website to check Quadrant Future Tek IPO allotment status, refund processing, and other IPO-related information.
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 0% over the issue price.