₹ 14500 / 50 shares
IPO Details
RHP/DRHPIssue Date
07 Jan - 9 Jan'25
Investment/lot
₹ 14500
Price Range
275 - 290
Lot Size
50
IPO Size
₹ 290.00 Cr
IPO Listing Details
Listing On
14 Jan'25
Issue Price
290
Listed Price
₹ 370
Retail Gain/Listing Gain
▲27.59%
IPO Timeline
About Quadrant Future Tek Limited IPO
Quadrant Future Tek Limited IPO is an IPO of ₹290 crores. It consists of a fresh issue of 1 crore shares. The IPO opens on Jan 07, 2025 and closes on Jan 09, 2025. The shares will be listed on Jan 14, 2025. The shares will be credited to the account on Jan 13, 2025 and the refunds will be initiated on Jan 13, 2025.
Objective of Quadrant Future Tek Limited IPO
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Fund long-term capital requirement of the company
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Capital expenditure for development of Electronic Interlocking System
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Prepayment or repayment of all or a portion of outstanding working capital term loan availed by the company
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General corporate purposes
Quadrant Future Tek IPO Valuation
| Detail | Information |
|---|---|
Upper Price Band (₹) | ₹290 |
Existing Shares to be Sold | 0 shares |
Fresh Issue | 1,00,00,000 shares aggregating up to ₹290 crores |
EPS (₹) | 4.90 (FY24) |
Quadrant Future Tek IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
Retail (Min) | 1 | 50 | ₹14,500 |
Retail (Max) | 13 | 650 | ₹1,88,500 |
S-HNI (Min) | 14 | 700 | ₹2,03,000 |
S-HNI (Max) | 68 | 3,400 | ₹9,86,000 |
Quadrant Future Tek IPO Share offer and Subscription Details
| Investor Category | Shares Offered |
|---|---|
QIB Shares Offered | Not less than 75% of the Net Issue |
Retail Shares Offered | Not more than 10% of the Net Issue |
NII (HNI) Shares Offered | Not more than 15% of the Net Issue |
Company Information
Quadrant is a research company that develops train control and signalling systems for KAVACH project of the Indian Railways that focuses on safety and reliability of rail passengers. They have a speciality cable manufacturing facility wherein an Electron Beam Irradiation Centre is located.
Strengths of Quadrant Future Tek IPO
Exclusive MoU with RailTel for deloping technologies for the KAVACH project of Indian Railways and for other countries’ railways projects.
In house design and product development capabilities powering their rail signalling products and solutions.
In house and unique technology to manufacture cables which meets the stringent requirements of various industries, for example: railways, naval defence, renewable energy and electric vehicle sectors.
Risks of Quadrant Future Tek IPO
The company is in a litigation involving one of their promoters. Such incidents may occur in the future as well and may affect the company adversely.
The company is dependent on a single manufacturing facility and they are subject to certain risks in their manufacturing process. Theses aspects can affect their business.
The markets the company operates in is sector specific. The preferences of the companies in these sectors changes constantly due to rapidly changing preferences, technologies and other related factors. These factors will affect their business.
All Financial Information about Quadrant Future Tek IPO
Particulars (in Rs. crores)
Particulars (in Rs. crores)
Comparison with peers
| (in crores) | Quadrant Future Tek | Apar Industries Limited | Polycab Industries |
|---|---|---|---|
Total Revenue | 151.823 | 16239.410 | 18260.319 |
EBITDA | 36.668 | 1608.140 | 2712.680 |
PAT | 14.692 | 825.110 | 1802.917 |
Anchor Investor bid date
The anchor investor bidding will take place on Jan 06, 2025.
IPO Registrar and Book Running Lead Managers
Sundae Capital Advisors Private Limited
Registrar for the IPO is Link Intime India Private Limited
Business Model
The company earns its revenue from three major sources:
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Manufacture of train control and signalling systems for the KAVACH project of Indian Railways
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Manufacture of specialty cables which is used in railway rolling stock and naval (Defense) industry
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Production of Solar and EV Cables
Company Growth Trajectory
Total revenue has increased from ₹104.291 crores in FY22 to ₹151.823 crores in FY24, a 45% increase. At the same time, the PAT increased from ₹1.894 crores in FY22 to ₹14.883 crores in FY24.
Company Market Position
Quadrant Future Tek has established itself as one of the key players in the specialty cables and train signal manufacturing industry. The manufacture of specialty cables and signalling systems for the KAVACH project of Indian railways has boosted the company’s profile in the industry.
Quadrant Future Tek Profit & Loss
| Parameter | FY22 | FY23 | FY24 |
|---|---|---|---|
Total Income (₹ million) | 104.92 | 152.945 | 151.823 |
Profit Before Tax (₹ million) | 29.49 | 199.32 | 218.85 |
Net Profit (₹ million) | 19.43 | 139.04 | 147.13 |
EBITDA (₹ million) | 9.508 | 26.549 | 36.668 |
EPS (₹) | 0.63 | 4.61 | 4.90 |
Cash Flow statement:
| Parameter | FY24 | FY23 | FY22 |
|---|---|---|---|
Net Profit before tax | 218.93 | 198.36 | 28.78 |
Cash generated from operating activities | 184.86 | 298.92 | (45.92) |
Cash generated from investing activities | (214.28) | (200.17) | (317.82) |
Cash generated from financing activities | 31.23 | (95.94) | 363.87 |
Cash and cash equivalent at the end of the year | 7.14 | 5.33 | 2.52 |
How To Check Allotment Status of Quadrant Future Tek IPO?
You can check the allotment status of shares either on the website of the Bombay Stock Exchange (BSE) or on the website of the registrar Link Intime India Private Limited. To check the status on the BSE website:
- Visit the BSE website
- Click on “Investor Services” and choose “Application Status Check”
- Choose the issue type — Equity or Debt (Equity in this case)
- Select the Issue Name from the drop-down. The issue name is the company’s name, which is Quadrant Future Tek Limited
- Enter your application number or PAN number
- Check the box which says “I’m not a Robot” and click on “Search” to know the allotment status
Follow these steps to know the allotment status on the registrar’s website:
- Visit the Link Intime India Private Limited website
- Choose “Public Issues” from the “Investor Services” drop-down
- Select Quadrant Future Tek from the drop-down
- Enter your PAN number or Application number
- Click on “Submit” to know the allotment status
How To Apply for Quadrant Future Tek Ltd IPO?
Here are the steps to apply for Quadrant Future Tek Ltd IPO:
Step 1: Log in to your Kotak Securities Demat account Log in to your Demat account to access IPO investments. Next, select the current IPO section.
Step 2: Specify IPO details Enter the number of lots and the price you wish to apply for.
Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.
Step 4: Mandate Notification Your UPI app will receive a mandate notification to block funds.
Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.
Quadrant Future Tek IPO FAQs
When is Quadrant Future Tek IPO listing date?
Quadrant Future Tek IPO will list on 2025-01-14.
What is the issue size of Quadrant Future Tek IPO?
290.00 is the issue size of Quadrant Future Tek IPO.
What is the minimum lot size required for Quadrant Future Tek IPO?
The minimum lot size is 50 shares and the investment required is ₹14500.
What is the price band of the Quadrant Future Tek IPO?
The price band of Quadrant Future Tek IPO is ₹275 to ₹290.
Where can I read more about Quadrant Future Tek business?
You can read more about Quadrant Future Tek and its IPO from the company’s red herring prospectus (RHP) here.
What is the Quadrant Future Tek IPO?
The Quadrant Future Tek IPO has an issue size of ₹290 crores. The IPO opens for subscription on 07/01/2025 and closes on 09/01/2025.
Who is the Registrar for Quadrant Future Tek IPO?
Link Intime India Private Limited is the registrar for this IPO.
