Quadrant Future Tek IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Tue, 07 Jan 2025
Close Date
Thu, 09 Jan 2025
Price Band
₹ 275 – 290
Lot Size
50
Issue Size
₹ 290.00 Cr
Minimum Investment
₹ 14,500 (50 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Quadrant Future Tek IPO has successfully completed its IPO process and is now listed on the NSE and BSE. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹290.00 Crore, comprising a fresh issue of 100.00 Lakh equity shares aggregating to ₹290.00 Crore.
The Quadrant Future Tek IPO remained open for subscription from January 07, 2025, to January 09, 2025. The basis of allotment was finalized on January 10, 2025, and the company's shares were listed on the NSE and BSE on January 14, 2025.
The company had fixed the price band at ₹275 to ₹290 per share, with a lot size of 50 shares. Retail investors were required to make a minimum investment of ₹14,500 (based on the upper price band) to apply for one lot.
MUFG Intime India Private Limited served as the registrar to the issue. Sundae Capital Advisors acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Quadrant Future Tek Limited is now a publicly listed company on the NSE and BSE. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Quadrant Future Tek IPO Timeline (Tentative)
- IPO Open Date
- Tue, 07 Jan 25
- IPO Close Date
- Thu, 09 Jan 25
- Basis of Allotment
- Fri, 10 Jan 25
- Initiation of Refunds
- Mon, 13 Jan 25
- Credit of Shares to Demat
- Mon, 13 Jan 25
- Listing Date
- Tue, 14 Jan 25 — NSE & BSE
Open Date
07 January 2025
Close Date
09 January 2025
Basis Of Allotment
10 January 2025
Listing Date
14 January 2025
IPO Subscription
Check Live Subscription →The Quadrant Future Tek IPO has received bids for 1,08,25,28,200 shares against 57,99,999 shares offered, resulting in an overall subscription of 186.64x. the NII category is subscribed 254.7x, Retail Investors 246.86x, and QIBs 132.54x. Within the NII category, BNII is subscribed 260.07x, while SNII is subscribed 243.97x.
QIB
132.54x
NII
254.7x
BNII
260.07x
SNII
243.97x
RII
246.86x
Total
186.64x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 10,00,000 shares, representing 10% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 30,00,000 shares (30%), while Non-Institutional Investors (NIIs) receive 15,00,000 shares (15%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Anchor Investors | 4,500,000 | 45% |
| Qualified Institutions | 3,000,000 | 30% |
| Non-Institutional | 1,500,000 | 15% |
| BNII | 1,000,000 | 10% |
| SNII | 500,000 | 5% |
| Retail Investors | 1,000,000 | 10% |
| Total | 10,000,000 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Quadrant Future Tek Limited KPI Information
| Particular | KPI as of Mar 31, 2024. |
|---|---|
| ROE % | 33.41 |
| ROCE % | 26.12 |
| Debt / Equity | 1.86 |
| RoNW % | 33.41 |
| Pat Margin % | 9.68 |
Peers Comparison
No Peer Comparision Available
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.
Quadrant Future Tek Limited Address / Contact Details
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
Quadrant Future Tek IPO Lot Size
The Quadrant Future Tek IPO has a lot size of 50 shares. Retail investors require a minimum investment of ₹14,500 by applying for 1 lot (50 shares). The maximum application allowed for the retail category is 13 lots (650 shares), requiring an investment of ₹1,88,500.
| 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 |
Issue Reservation
- Anchor Investors — 45%
- QIB — 30%
- NII — 15%
- RII — 10%
Book Running Lead Managers
- Sundae Capital Advisors
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Quadrant Future Tek 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.
When will the Quadrant Future Tek IPO open for subscription?
The Quadrant Future Tek IPO opens on Tue, Jan 7, 2025 and closes on Thu, Jan 9, 2025
What is Quadrant Future Tek IPO Price Band?
Quadrant Future Tek IPO Price Band is ₹275 to 290 per share.
What is Quadrant Future Tek IPO Lot Size?
Quadrant Future Tek IPO lot size is 50 shares, Retail investors need a minimum investment of ₹14500 based on the upper price band
What is the minimum investment for Quadrant Future Tek IPO?
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.
How to apply for Quadrant Future Tek IPO?
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.
What is Quadrant Future Tek IPO Issue Size?
Quadrant Future Tek IPO issue size is ₹290 crores.
What is the Quadrant Future Tek IPO Allotment Date?
Quadrant Future Tek IPO allotment date is Fri, Jan 10, 2025.
Who is the Quadrant Future Tek IPO Registrar?
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.
What is the Quadrant Future Tek IPO GMP?
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 41.38% over the issue price.
Who is the Quadrant Future Tek IPO Lead Manager?
The book-running lead managers (BRLMs) for the Quadrant Future Tek IPO are Sundae Capital Advisors. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Quadrant Future Tek IPO Red Herring Prospectus (RHP).