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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.
The bidding for IPO opened for subscription on January 7, 2025, and will close on January 9, 2025. The price band for the IPO is set at ₹275 to ₹290 per share and the minimum lot size for an application is 50 shares.
Company Summary
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 specialty 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 specialty 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 specialty cables.
The company manufactures, tests, and develops specialty 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 center, and corporate function.
Company Strengths
- 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
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 | ||||
Objectives of the issue
- Funding long-term working capital requirements of the Company.
- Capital expenditure for the development of an Electronic Interlocking System.
- Prepayment or repayment of all or a portion of outstanding working capital term
loan availed by the Company. - General corporate purposes.
Promoters of the company
The Promoters of the Company are Mohit Vohra, Amit Dhawan, Amrit Singh Randhawa, Rupinder Singh, Vishesh Abrol and Vivek Abrol, Aikjot Singh, and Rajbir Singh Randhawa.
IPO Financials
| IPO Date | January 7, 2025 to January 9, 2025 |
| Listing Date | Tuesday, January 14, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹275 to ₹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 |
Lot Allocation details
| 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 | 3400 | ₹9,86,000 |
| B-HNI (Min) | 69 | 3450 | ₹10,00,500 |
Allotment Schedule
| Basis of Allotment | Friday, January 10, 2025 |
| Initiation of Refunds | Monday, January 13, 2025 |
| The credit of Shares to Demat | Monday, January 13, 2025 |
| Listing Date | Tuesday, January 14, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 9, 2025 |
IPO Reservation
| 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 |
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