Quadrant Future Tek Limited IPO (Quadrant Future Tek IPO) Detail
Quadrant Future Tek IPO is a book built issue of Rs 290.00 crores. The issue is entirely a fresh issue of 1.00 crore shares.
Quadrant Future Tek IPO bidding started from January 7, 2025 and ended on January 9, 2025. The allotment for Quadrant Future Tek IPO was finalized on Friday, January 10, 2025. The shares got listed on BSE, NSE on January 14, 2025.
Quadrant Future Tek IPO price band is set at ₹290 per share. The minimum lot size for an application is 50. The minimum amount of investment required by retail investors is ₹13,750. But it is suggested to the investor to bid at the cutoff price to avoid the oversubscription senerio, which is about to ₹14,500. The minimum lot size investment for sNII is 14 lots (700 shares), amounting to ₹2,03,000, and for bNII, it is 69 lots (3,450 shares), amounting to ₹10,00,500.
Sundae Capital Advisors is the book-running lead manager of the Quadrant Future Tek IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Quadrant Future Tek IPO RHP for detailed information.
Quadrant Future Tek Limited Stock Quote & Charts
- Open: ₹497.00
- High – Low: ₹506.45 – ₹478.20
- Previous Close: ₹496.70
- Total Traded Value: 19,46,918.00
- 52 Weeks High: ₹744.00 (Feb 06, 2025)
- 52 Weeks Low: ₹362.10 (Jan 14, 2025)
- Updated On: Mar 13, 2025 4:00 PM
Quadrant Future Tek IPO Details
| IPO Date | January 7, 2025 to January 9, 2025 |
| Listing Date | January 14, 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹290 per share |
| Lot Size | 50 Shares |
| Total Issue Size | 1,00,00,000 shares (aggregating up to ₹290.00 Cr) |
| Fresh Issue | 1,00,00,000 shares (aggregating up to ₹290.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 3,00,00,000 shares |
| Share Holding Post Issue | 4,00,00,000 shares |
Quadrant Future Tek IPO Reservation
Quadrant Future Tek IPO offers 1,00,00,000 shares. 30,00,000 (30%) to QIB, 15,00,000 (15%) to NII, 10,00,000 (10%) to RII and 45,00,000 (45%) to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 45,00,000 (45%) | NA |
| QIB Shares Offered | 30,00,000 (30%) | NA |
| NII (HNI) Shares Offered | 15,00,000 (15%) | |
| bNII > ₹10L | 10,00,000 (10%) | 1,428 |
| sNII < ₹10L | 5,00,000 (5%) | 714 |
| Retail Shares Offered | 10,00,000 (10%) | 20,000 |
| Total Shares Offered | 1,00,00,000 (100%) |
Quadrant Future Tek IPO Anchor Investors Details
Quadrant Future Tek IPO raises Rs 130.50 crore from anchor investors. Quadrant Future Tek IPO Anchor bid date is January 6, 2025. Quadrant Future Tek IPO Anchor Investors list
| Bid Date | January 6, 2025 |
| Shares Offered | 45,00,000 |
| Anchor Portion Size (In Cr.) | 130.50 |
| Anchor lock-in period end date for 50% shares (30 Days) | February 8, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | April 9, 2025 |
Quadrant Future Tek IPO Timeline (Tentative Schedule)
Quadrant Future Tek IPO opens on January 7, 2025, and closes on January 9, 2025.
| IPO Open Date | Tue, Jan 7, 2025 |
| IPO Close Date | Thu, Jan 9, 2025 |
| Tentative Allotment | Fri, Jan 10, 2025 |
| Initiation of Refunds | Mon, Jan 13, 2025 |
| Credit of Shares to Demat | Mon, Jan 13, 2025 |
| Tentative Listing Date | Tue, Jan 14, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 9, 2025 |
Quadrant Future Tek IPO Lot Size
Investors can bid for a minimum of 50 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| 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 |
| B-HNI (Min) | 69 | 3,450 | ₹10,00,500 |
| Lot Size Calculator | |||
Quadrant Future Tek IPO Promoter Holding
| Share Holding Pre Issue | 93.33% |
| Share Holding Post Issue | 70% |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
About Quadrant Future Tek Limited
Quadrant Future Tek Limited, incorporated in September 2015, develops next-generation Train Control and Signaling Systems for the Indian Railways’ KAVACH project, enhancing safety and reliability for passengers. The company also has a speciality cable manufacturing facility with an Electron Beam Irradiation Centre.
The company has a facility in Village Basma, Tehsil Banur, Distt Mohali, for manufacturing, testing, and developing speciality cables and hardware for the Train Control & Signalling Division.
The company is technology-driven, with products that meet ISO, IRIS, and TS standards and follow strict Quality Management Systems for speciality cables.
The company manufactures, tests, and develops speciality cables at its Village Basma, Tehsil Banur facility, District Mohali, Punjab.
As of October 31, 2024, the company had 295 employees at its manufacturing facility, Railway Signalling & Embedded System Design centre and corporate function.
Competitive Strength:
- The Company is engaged in the innovation and technological development of Automatic Train Protection Systems.
- Entered an exclusive Memorandum of Understanding with RailTel to pursue KAVACH opportunities in Indian Railways and other countries’ railways.
- In-house design and product development capabilities powering our Rail Signalling Products & Solutions.
- Advanced cable manufacturing technology that meets strict standards for Railways, Naval Defence, Renewable Energy, and Electric Vehicle sectors.
- Advanced manufacturing facilities with a diverse range of power and control cables with a focus on innovation and cost competitiveness.
Company Financials
Quadrant Future Tek Limited Financial Information (Restated)
Quadrant Future Tek Limited’s revenue decreased by -1% and profit after tax (PAT) rose by 6% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 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 |
| Reserves and Surplus | 4.18 | 34.11 | 19.42 | 5.61 |
| Total Borrowing | 98.01 | 81.61 | 74 | 80.68 |
| Amount in ₹ Crore | ||||
Key Performance Indicator (KPI)
The market capitalization of Quadrant Future Tek IPO is Rs 1160.00 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 33.41% |
| ROCE | 26.12% |
| Debt/Equity | 1.86 |
| RoNW | 33.41% |
| PAT Margin | 9.68 |
| Price to Book Value | 19.73 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 4.90 | -6.05 |
| P/E (x) | 59.13 | -47.91 |
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2024 that is available in RHP.
Objects of the Issue (Quadrant Future Tek IPO Objectives)
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 IPO Review (Avoid)
[Dilip Davda] The company is engaged in developing research based new generation train control and signaling systems under “Kavach”. After posting average performance for FY22, it marked almost static top lines for FY23 and FY24, with boosted profits. Surprisingly, it marked loss for H1-FY25 leading to a negative P/E for its IPO price. Based on FY24 earnings, the issue appears exorbitantly priced. There is no harm in skipping this pricey and “High Risk/Low Return” bet. Read detail review…
Quadrant Future Tek IPO Subscription Status (Bidding Detail)
The Quadrant Future Tek IPO is subscribed 195.96 times on January 9, 2025 6:19:08 PM (Day 3). The public issue subscribed 256.46 times in the retail category, 139.77 times in the QIB category, and 268.03 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 139.77 | 30,00,000 | 41,93,10,850 |
| NII | 268.03 | 15,00,000 | 40,20,38,350 |
| bNII (bids above ₹10L) | 274.25 | 10,00,000 | 27,42,52,100 |
| sNII (bids below ₹10L) | 255.57 | 5,00,000 | 12,77,86,250 |
| Retail | 256.46 | 10,00,000 | 25,64,57,450 |
| Total | 195.96 | 55,00,000 | 1,07,78,06,650 |
Total Application : 44,19,572
Quadrant Future Tek IPO Prospectus
Quadrant Future Tek IPO Listing Details
| Listing Date | January 14, 2025 |
| BSE Script Code | 544336 |
| NSE Symbol | QUADFUTURE |
| ISIN | INE0LRY01011 |
| Final Issue Price | ₹290 per share |
Listing Day Trading Information
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹290.00 | ₹290.00 |
| Open | ₹374.00 | ₹370.00 |
| Low | ₹367.00 | ₹362.10 |
| High | ₹448.75 | ₹444.00 |
| Last Trade | ₹448.75 | ₹444.00 |
Check IPO Performance…
Quadrant Future Tek Limited Contact Details
Quadrant Future Tek Limited
Village Basma Tehsil
Banur,
Distt Mohali – 140417
Phone: +91 172 402 0228
Email: cs_qftl@quadrantfuturetek.com
Website: https://www.quadrantfuturetek.com/
Quadrant Future Tek IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: quadrant.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
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