The Quadrant Future Tek IPO is being offered as a book-built issue amounting to Rs 290.00 crores. The issue consists entirely of a fresh issue of 1.00 crore shares.
The subscription for the Quadrant Future Tek IPO is scheduled to be opened on January 7, 2025, and will close on January 9, 2025. The allotment is expected to be finalized on Friday, January 10, 2025. The IPO is set to be listed on BSE and NSE, with a tentative listing date of Tuesday, January 14, 2025.
A price band of ₹275 to ₹290 per share has been set for the IPO. Applications are required to be made for a minimum lot size of 50 shares. A minimum investment of ₹14,500 is required from retail investors. For sNII, a minimum investment of 14 lots (700 shares) amounting to ₹2,03,000 is specified, while for bNII, the requirement is 69 lots (3,450 shares), amounting to ₹10,00,500.
Get the Quadrant Future Tek IPO RHP for detailed information.
| IPO Date | January 7, 2025 to January 9, 2025 |
| Listing Date | January 14, 2025 |
| Face Value | ₹ 10 / Share |
| Price Band | ₹ 275 to ₹ 290 / Share |
| Lot Size | 50 Shares |
| Total Issue Size | ₹290.00 Cr |
| Fresh Issue | ₹290.00 Cr |
| Offer for Sale | Book Built Issue IPO |
| Employee Discount | |
| Issue Type | |
| Listing At | BSE, NSE |
| Share holding pre issue | 3,00,00,000 |
| Share holding post issue | 4,00,00,000 |
| Market Maker portion |
Quadrant Future Tek Limited IPO opens on January 7, 2025, and closes on January 9, 2025.
| IPO Open Date | January 7, 2025 |
| IPO Close Date | January 9, 2025 |
| Basis of Allotment | January 10, 2025 |
| Initiation of Refunds | January 13, 2025 |
| Credit of Shares to Demat | January 13, 2025 |
| Listing Date | January 14, 2025 |
| Cut-off time for UPI mandate confirmation | January 9, 2025 |
Bids for the IPO are allowed for a minimum of 50 shares and in multiples thereof. The minimum and maximum investments by retail investors and HNIs, in terms of shares and amount, are depicted in the table below.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 50 | Rs.14,500 |
| Retail (Max) | 13 | 650 | Rs.188,500 |
| S-HNI (Min) | 14 | 700 | Rs.203,000 |
| S-HNI (Max) | 68 | 3,400 | Rs.986,000 |
| B-HNI (Min) | 69 | 3,450 | Rs.1,000,500 |
| HNI (Min) |
| Share Holding Pre Issue | 93.33% |
| Share Holding Post Issue | 70% |
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | |
|
| Market Maker Shares Offered | |
|
| Other Shares Offered | |
|
| QIB Shares Offered | Not less than 75% of the Net Issue |
|
| NII (HNI) Shares Offered | Not more than 15% of the Net Issue |
|
| bNII > ₹10L | |
|
| sNII < ₹10L | |
|
| Retail Shares Offered | Not more than 10% of the Net Issue |
|
| Employee Shares Offered | |
|
| Total Shares Offered | |
| Bid Date | |
| Shares Offered | |
| Anchor Portion Size (In Cr.) | |
| Anchor lock-in period end date for 50% shares (30 Days) | |
| Anchor lock-in period end date for remaining shares (90 Days) |
Quadrant Future Tek Limited, incorporated in September 2015, is engaged in the development of next-generation Train Control and Signaling Systems for the Indian Railways' KAVACH project, aimed at enhancing safety and reliability for passengers. A speciality cable manufacturing facility with an Electron Beam Irradiation Centre is also operated by the company.
A facility located in Village Basma, Tehsil Banur, District Mohali, is utilized for the manufacturing, testing, and development of speciality cables and hardware for the Train Control & Signaling Division.
The company is recognized as being technology-driven, with products adhering to ISO, IRIS, and TS standards, and strict Quality Management Systems are followed for speciality cables.
At the facility in Village Basma, Tehsil Banur, the manufacturing, testing, and development of speciality cables are undertaken.
As of October 31, 2024, 295 employees were reported to be working at the company’s manufacturing facility, Railway Signalling & Embedded System Design Centre, and corporate functions.
| KPI | Values |
|---|---|
| ROE | 33.41% |
| ROCE | 26.12% |
| Debt/Equity | 1.86 |
| RoNW | 33.41% |
| P/BV | |
| PAT Margin (%) | 9.68 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 4.90 | -6.05 |
| P/E (x) | 59.13 | -47.91 |
The Net Proceeds from the Issue are proposed to be utilized towards the following objectives:
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/ |
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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