Quadrant Future Tek Limited IPO

Mainboard

Cables - Electricals

Listed On: Jan 14, 2025 at ₹ 370.0(NSE)

₹ 14500 /50 Shares

Check Allotment

Price Summary

Last Closing

506.50 (74.66%)

52 Week High

744.00

52 Week Low

362.10

Last Update

11-Feb-2025 3:30 PM

Quadrant Future Tek IPO Details

07 Jan, 2025

Open Date

09 Jan, 2025

Close Date

10 Jan, 2025

Allotment Date

14 Jan, 2025

Listing Date

Issue Price

₹275-290 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Link Intime India Private Ltd

List Price

370.0(NSE)

Listing Date

2025-01-14

Market Lot

Retail : 50 Shares (₹14,500/-)
S-HNI : 700 Shares (₹2,03,000/-)
B-HNI : 3,450 Shares (₹10,00,500/-)

Lead Manager

Sundae Capital Advisors

Issue Size

1,00,00,000 shares(aggregating up to ₹290.00 Cr)

Retail Portion

10% (Number of Retail Applications: 20,000 Approx),
(Number of S-HNI Applications : 714 Approx),
(Number of B-HNI Applications : 1,429 Approx)

Subscription

185.53 times

IPO Docs

DRHP RHP ANCHOR

The IPO of Quadrant Future Tek is priced at ₹275-290 per equity share, which has a face value of ₹10 Per Equity Share each. The company shall list its equity shares on BSE, NSE. Link Intime India Private Ltd is the registrar of the issue.

Quadrant Future Tek IPO bid opening date is from Jan 7, 2025 and the bid closing date was Jan 9, 2025.
Quadrant Future Tek IPO allotment result will be available on Jan 10, 2025. The tentative listing date for Quadrant Future Tek is Jan 14, 2025.

The total issue size is 1,00,00,000 shares(aggregating up to ₹290.00 Cr).

As on	QIB	NII bNII sNII	Retail	Total
Shares Offered / Reserved	30,00,000	15,00,000 10,00,000 5,00,000	10,00,000	55,00,000
Day 1 - 07-01-25 05:00 PM	0.05 x	21.51 17.79 x 28.93 x	54.84 x	15.86 x
Day 2 - 08-01-25 05:00 PM	0.46 x	87.22 78.26 x 105.14 x	137.21 x	48.99 x
Day 3 - 09-01-25 05:00 PM	132.54 x	254.06 260.07 x 242.05 x	241.68 x	185.53 x

Total No. of Applications: 44,19,572 (Approx)

Retail Subscription on the basis of Applications: Retail:207.55x BHNI:53.79x SHNI:244.17x times

Quadrant Future Tek Valuations

EPS Pre IPO

₹4.90/-

EPS Post IPO

-₹6.05/-

P/E Pre IPO

59.13

P/E Post IPO

-47.91

ROE

33.41%

ROCE

26.12%

Debt/Equity

1.86

RoNW

33.41%

PAT Margin

9.68

Price to Book Value

19.73

Quadrant Future Tek Company Financials All values are in ₹ Cr.

	30-Sep-24	31-Mar-24	31-Mar-23	31-Mar-22
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 & Surplus	4.18	34.11	19.42	5.61
Total Borrowing	98.01	81.61	74.00	80.68

About The Company

A Quadrant Future Tek Limited established in the year 2015 next-generation Train Control and Signaling Systems provider to KAVACH by Indian Railways for high security along with reliability toward its esteemed passengers. Company also produces specialty cables for clients of all over world; advanced production facility comes in hand with Electron Beam Irradiation Centre for any work.

Specialty cables and hardware for the train control and signaling solution manufacturing, testing, and development are focused at the company's state-of-the-art facility in Basma, Mohali, Punjab. Quality and innovation with the presence of a well-defined system complying with ISO, IRIS, and TS standards, Quadrant Future Tek focuses on critical sectors such as Railways, Naval Defence, Renewable Energy, and Electric Vehicles.

Key Strengths:
1.⁠ ⁠The company has expertise in the development of Automatic Train Protection Systems. Quadrant Future Tek has an exclusive MoU with RailTel for KAVACH project opportunities.
2.⁠ ⁠Advanced in-house design and manufacturing capabilities.
3.⁠ ⁠Specialty cables and rail signaling solutions using the latest technology.
4.⁠ ⁠Focus on innovation, cost-effectiveness, and strict quality standards.

With a dedicated workforce of 295 employees as of October 2024, Quadrant Future Tek Limited is continuously moving forward with progress in railway signaling technology and specialty cable manufacturing, propelling India's infrastructure developments.

Quadrant Future Tek - Strength and Weakness

Strength

Innovates train protection systems like KAVACH for India's railways.

Specialises in E-beam cables for railways and naval ships.

Strong partnerships drive global railway system growth.

Exclusive MoU with RailTel aids international market expansion.

Weakness

Single manufacturing facility dependency risks severe production disruptions.

Internal disputes among promoters risk future operational disruptions.

Quadrant Future Tek - Peers Comparison

	P/B Ratio	P/E Ratio	RoNW	Net Worth
Quadrant Future	25.5	N/A	33.4%	152
Kernex Microsystems	19.8	N/A	(-28.0%)	87
HBL Engineering	12.6	50.0	27.7%	2,250
Apar Industries	10.7	51.8	26.8%	17,119
Polycab India	12.6	60.5	23.2%	20,129

Quadrant Future Tek - Promoter(s)

Pre Issue Share Holding: 93.33%

Post Issue Share Holding: 70.00%

Company Promoter(s)

Mohit Vohra
Amit Dhawan
Amrit Singh Randhawa
Rupinder Singh
Vishesh Abrol
Vivek Abrol
Aikjot Singh
Rajbir Singh Randhawa

Quadrant Future Tek IPO - Issue Objectives

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
General corporate purposes.

Quadrant Future Tek IPO - Anchor Investors

Quadrant Future Tek IPO: Firm mobilises Rs 130.5 crore via anchor book.

Bengal Finance and Investment and Shine Star Build Cap are the largest institutional investors in the anchor book, buying 6.2 lakh equity shares for Rs 17.98 crore, and 6.08 lakh shares for Rs 17.63 crore, respectively.

Whiteoak Capital picked up 5.25 lakh shares through its four schemes for Rs 15.2 crore, while Kotak Manufacture in India Fund purchased 4.75 lakh shares for Rs 13.77 crore.

Apart from these investors, LIC Mutual Fund, Bank of India Mutual Fund, Citigroup, Ashoka Whiteoak ICAV, Shubhkam Ventures, Capri Global Capital, PGIM India, Sundaram Alternative Opportunities Fund, The Argan Fund, Niveshaay Hedgehogs Fund, and Vijit Growth Fund also made investment in Quadrant Future Tek IPO via anchor book.

Other Details

Company Contact Details

Quadrant Future Tek

Village Basma Tehsil, Banur,Dist Mohali - 140417

Phone: +91 172 402 0228

Email: cs_qftl@quadrantfuturetek.com

Website: https://www.quadrantfuturetek.com/

Registrar Contact Details

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

Quadrant Future Tek IPO - FAQs

Ans. Quadrant Future Tek Limited IPO is a Mainboard IPO. The issue is priced at ₹275-290 per equity share. The minimum order quantity is 50 Shares. The IPO opens on Jan 7, 2025, and closes on Jan 9, 2025. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The Quadrant Future Tek Limited IPO opens on Jan 7, 2025 and closes on Jan 9, 2025.

Ans. The size of Quadrant Future Tek Limited IPO is 1,00,00,000 shares(aggregating up to ₹290.00 Cr).

Ans. The IPO price band is set between ₹275-290 per equity share.

Ans. To apply for Quadrant Future Tek Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Quadrant Future Tek Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Quadrant Future Tek Limited IPO is Jan 10, 2025.

Ans. The Quadrant Future Tek Limited IPO will be listed on Jan 14, 2025.

Ans. Follow the steps to check the allotment status for Quadrant Future Tek Limited IPO here.