Quadrant Future Tek to launch Rs 290-crore IPO on January 7
Quadrant Future Tek IPO is scheduled to open for public subscription on Tuesday, January 7, 2025. It presents an exciting investment opportunity for investors. The Rs 290-crore IPO has a significant role in the development plans of the company. Here is everything you need to know about the Quadrant Future Tek IPO and its aims along with financial details.
Future Tek IPO Size and Price Band Quadrant
The IPO will wholly comprise a fresh issue of 1,00,00,000 shares aggregating up to ₹ 290.00 Cr. Though it has not notified the price band and lot size, the house has promised these details will be finalized after talking to the BRLM. The IPO would open for subscription from January 7, 2025, through January 9, 2025. There would be bidding by anchor investors on January 6, 2025.
Quadrant Future Tek IPO Allotment and Listing Dates
- Basis of Allotment Finalisation: January 10, 2025
- Credit of Shares to Demat Accounts: January 13, 2025
- Tentative Listing Date: January 14, 2025
The allotment for the Quadrant Future Tek IPO is expected to arrive by Friday, 10th January 2025. Quadrant Future Tek IPO would list both at BSE, and NSE with a tentative listing date scheduled as Tuesday, January 14, 2025.
The price band of IPO for Future Tek is placed between ₹275 to ₹290 per share. The minimum lot size is 50 and the amount in the case of a retail investor, should be at least ₹14,500. The minimum lot size investment under sNII is 14 lots i.e., 700 shares. Here, investment becomes ₹2,03,000 and bNII investment of 69 lots i.e., 3,450 shares of ₹10,00,500.
Purpose of Quadrant Future Tek IPO
As per the Red Herring Prospectus (RHP), the proceeds of the issue are proposed to be utilized for:
- Long-term working capital requirements.
- Capital expenditure on developing an electronic interlocking system.
- Repayment or prepayment of outstanding working capital term loans.
- General corporate purposes.
The goals of the company show that the company is emphasizing efficiency in operation and technological improvement.
Quadrant Future Tek Financial Performance
The company managed a modest increase in revenue of 0.68% year-on-year with Rs 151.75 crore during FY24 versus Rs 150.80 crore during FY23. Concomitantly, expenses dropped 2.31% during the period at Rs 133.01 crore to Rs 129.93 crore FY24 compared with FY23 as cost control is improving.
About Quadrant Future Tek
Quadrant Future Tek is a research-oriented company that leads the innovation process for Train Control and Signalling Systems as part of the KAVACH project of the Indian Railways. These state-of-the-art systems provide maximum safety and reliability for rail passengers.
The company is also leading in the manufacturing of specialty cables used in Railways rolling stock and the Naval Defence industry by utilizing its high-end Electron Beam Irradiation Centre.
An excellent investment opportunity the Quadrant Future Tek IPO holds, for the ones with a keen eye for companies behind innovations in railway and defense technological frontiers, while Quadrant Future Tek with an emphasis on innovation, cost optimization, and strategic growth holds promising value in return for the stakeholders.
All those investors who are looking to participate in this promising IPO should keep themselves updated about the price band and lot size. Mark your dates for January 7, 2025, to January 9, 2025 subscription period.
FAQs About Quadrant Future Tek IPO
1. What is the Quadrant Future Tek IPO?
The Quadrant Future Tek IPO is a book-built initial public offering (IPO) of Rs 290 crore comprising a fresh issue of 1,00,00,000 equity shares.
2. When will the Quadrant Future Tek IPO open for subscription?
The IPO will open for public subscription on Tuesday, January 7, 2025, and close on Thursday, January 9, 2025.
3. What is the Quadrant Future Tek IPO price band?
The price band for the IPO is ₹275-₹290 per share. The company decides with the book-running lead manager (BRLM).
4. What is the lot size for Quadrant Future Tek IPO?
The minimum lot size is 50 and the amount in the case of a retail investor, should be at least ₹14,500. The minimum lot size investment under sNII is 14 lots i.e., 700 shares. Here, investment becomes ₹2,03,000 and bNII investment of 69 lots i.e., 3,450 shares of ₹10,00,500.
5. What is the tentative listing date for Quadrant Future Tek IPO?
The tentative listing date is Tuesday, January 14, 2025, on the BSE and NSE.
6. Who are the lead managers and registrars for the Quadrant Future Tek IPO?
- Book-running Lead Manager: Sundae Capital Advisors
- Registrar: Link Intime India Private Ltd
7. What are the objectives of the Quadrant Future Tek IPO?
The company aims to use the proceeds for:
- Funding long-term working capital requirements.
- Capital expenditure for developing electronic interlocking systems.
- Repayment/prepayment of outstanding working capital term loans.
- General corporate purposes.
8. What is the financial performance of Quadrant Future Tek?
- Revenue from Operations (FY24): Rs 151.75 crore (0.68% increase from FY23).
- Expenses (FY24): Rs 129.93 crore (2.31% decrease from FY23).
9. What industries does Quadrant Future Tek operate in?
Quadrant Future Tek focuses on:
- Developing next-generation Train Control and Signalling Systems under the KAVACH project for Indian Railways.
- Manufacturing specialty cables for Railways rolling stock and Naval (Defense) industries.
10. When will the Quadrant Future Tek IPO allotment be finalized?
The basis of the allotment will be finalized on Friday, January 10, 2025.
11. When will I receive the shares in my demat account?
The shares will be credited to the successful allottees' demat accounts by Monday, January 13, 2025.
12. How can I apply for the Quadrant Future Tek IPO?
You can apply through your broker's IPO application platform or via ASBA (Application Supported by Blocked Amount) through your bank.
13. Why should I invest in Quadrant Future Tek IPO?
The company’s focus on innovation in railway safety systems and specialty cable manufacturing, coupled with its solid financial performance, makes it an attractive investment option.
14. What are the risks of investing in the Quadrant Future Tek IPO?
Potential risks include market volatility, industry competition, and regulatory changes that may impact the company's operations.
15. How can I stay updated on Quadrant Future Tek IPO details?
You can follow updates on the company's Red Herring Prospectus (RHP) or visit trusted financial news platforms and IPO-tracking websites.
