Quadrant Future Tek IPO Price: ₹275 to ₹290 per share
IPO Dates: 7 January 2025 – 9 January 2025
Company Overview
Quadrant Future Tek Limited, established in September 2015, specializes in the development of next-generation Train Control and Signaling Systems for the Indian Railways’ KAVACH project. The company’s innovative solutions enhance passenger safety and operational reliability. Additionally, it operates a specialty cable manufacturing facility equipped with an Electron Beam Irradiation Centre, further diversifying its technological capabilities.
Manufacturing and Facilities
The company’s advanced manufacturing, testing, and development facility is located in Village Basma, Tehsil Banur, District Mohali, Punjab. This state-of-the-art unit focuses on producing specialty cables and hardware for the Train Control and Signaling Division. The facility adheres to strict quality management standards, including ISO, IRIS, and TS certifications, ensuring the production of reliable and high-quality specialty cables.
Workforce and Expertise
As of October 31, 2024, Quadrant Future Tek Limited employs 295 professionals across its manufacturing unit, Railway Signaling & Embedded System Design center, and corporate offices. The workforce is integral to the company’s technological innovation and operational excellence.
Competitive Strengths
- Pioneering Technological Advancements: The company is a leader in developing Automatic Train Protection Systems, showcasing its commitment to innovation and safety in rail transport.
- Strategic Partnerships: Quadrant Future Tek has entered into an exclusive Memorandum of Understanding with RailTel, enabling the pursuit of KAVACH-related opportunities within Indian Railways and international railway systems.
- In-House Design and Development: The company powers its Rail Signaling Products & Solutions with robust in-house design and product development capabilities, maintaining a competitive edge in the market.
- Advanced Cable Manufacturing Technology: The company employs cutting-edge cable manufacturing technologies to meet the stringent requirements of sectors like Railways, Naval Defense, Renewable Energy, and Electric Vehicles.
- Modern Manufacturing Facilities: Equipped with advanced technology, Quadrant Future Tek produces various power and control cables. These facilities prioritize innovation and cost competitiveness, ensuring sustainable growth and market leadership.
Bidding Starts In
Quadrant Future Tek IPO Specifics:
| 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 |
| Share holding pre issue | 3,00,00,000 shares |
| Share holding post issue | 4,00,00,000 shares |
Quadrant Future Tek IPO Timetable (Important Dates)
| IPO Open Date | Tuesday, January 7, 2025 |
| IPO Close Date | Thursday, January 9, 2025 |
| Basis of Allotment | Friday, January 10, 2025 |
| Initiation of Refunds | Monday, January 13, 2025 |
| 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 |
Quadrant Future Tek IPO Lot Size
Bidders have the opportunity to bid for a minimum of 50 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.
| 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 |
Quadrant Future Tek IPO Reservation
| QIB Shares Offered | Not more than 75% of the Net offer |
| Retail Shares Offered | Not less than 10% of the Offer |
| NII (HNI) Shares Offered | Not less than 15% of the Offer |
Quadrant Future Tek Limited IPO Financial Information
Quadrant Future Tek Limited experienced a marginal revenue decline of 1% between the financial years ending March 31, 2024, and March 31, 2023. However, the company achieved a 6% increase in its profit after tax (PAT) during the same period.
| Period Ended | 31 Mar 2022 | 31 Mar 2023 | 31 Mar 2024 | 30 Sep 2024 |
|---|---|---|---|---|
| Assets | 112.77 | 118.82 | 142.82 | 149.66 |
| Revenue | 104.29 | 152.95 | 151.82 | 65.14 |
| Profit After Tax | 1.94 | 13.9 | 14.71 | -12.11 |
| Net Worth | 15.61 | 29.42 | 44.11 | 34.18 |
| Reserves and Surplus | 5.61 | 19.42 | 34.11 | 4.18 |
| Total Borrowing | 80.68 | 74 | 81.61 | 98.01 |
Key Performance Indicator – Quadrant Future Tek IPO
| KPI | Values |
|---|---|
| MArket Cap | ₹1160 Cr |
| EPS | ₹4.90 |
| P/E (x) | 59.13 |
| ROE | 33.41% |
| ROCE | 26.12% |
| Debt / Equity | 1.86 |
| RoNW | Market Cap |
Objects of the Issue:
The company intends to allocate the net proceeds from the issue for the following purposes:
- Supporting long-term working capital requirements.
- Investing in capital expenditure for developing an Electronic Interlocking System.
- Prepaying or repaying a portion or all of its existing working capital term loans.
- Addressing general corporate needs.
Prospectus Links:
Prospectus: Official documents that provide detailed information about the IPO and the company.
