The Quadrant Future Tek IPO is scheduled to open for subscription on January 7, 2025, and will close on January 9, 2025. This book-built issue comprises a total of 290.00 crore shares, offered entirely as a fresh issue. The price band is set at ₹275 to ₹290 per share.
The minimum lot size for retail investors is 50 shares, requiring an investment of ₹14,500. For sNII, the minimum lot size is 14 lots (700 shares), amounting to ₹2,03,000, while for bNII, it is 69 lots (3,450 shares), totaling ₹10,00,500. The allotment of shares is expected to be finalized on January 10, 2025, with the IPO set to debut on the BSE and NSE on January 14, 2025.
The company reported a slight dip in revenue, with ₹151.82 crores in 2024 compared to ₹152.95 crores in 2023. However, its profit showed an improvement, reaching ₹14.71 crores in 2024, up from ₹13.90 crores in the previous year.
Overview of Contents
Quadrant Future Tek IPO Overview
| Particulars | Details |
|---|---|
| IPO Open Date | January 7, 2025 |
| IPO Close Date | January 9, 2025 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹275 to ₹290 per share |
| Issue Size | Approx ₹290 Crores |
| Fresh Issue | Approx ₹290 Crores |
| Issue Type | Book Built Issue |
| IPO Listing | BSE & NSE |
| Retail Quota | Not more than 10% |
| QIB (Qualified Institutional Buyers) Quota | Not more than 75% |
| NII (Non-Institutional Investors) Quota | Not more than 15% |
| Minimum Lot Size | 50 Shares |
| Expected Listing Date | January 14, 2025 |
| Registrar | Update soon |
| DRHP Draft Prospectus | Click here |
| RHP Draft Prospectus | Click here |
Quadrant Future Tek IPO Market Lot
The market lot details for Quadrant Future Tek IPO are currently unavailable. We will update this information as soon as it becomes available. Stay tuned for updates.
| 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 Dates
The IPO dates for Quadrant Future Tek are currently unavailable. We will update this section as soon as the official dates are announced. Stay tuned for further updates.
| IPO Open Date: | January 7, 2025 |
| IPO Close Date: | January 9, 2025 |
| Basis of Allotment: | January 10, 2025 |
| Refunds: | January 13, 2025 |
| Credit to Demat Account: | January 13, 2025 |
| IPO Listing Date: | January 14, 2025 |
About Quadrant Future Tek IPO
Quadrant Future Tek Limited, established in 2015, specializes in specialty cables and advanced train control systems, serving industries like railways, defense, aerospace, and electric vehicles. Known for its fire-resistant and lightweight cables, the company ensures safety in critical applications and contributes to India’s rail safety with its Kavach system, an advanced automatic train protection system. It also leads in developing a comprehensive train control system to enhance rail safety.
The company benefits from an exclusive Memorandum of Understanding with RailTel Corporation of India Limited, supporting long-term working capital, and its in-house expertise in railway signaling product development.
However, challenges include promoter disputes, reliance on a single facility in Mohali, Punjab, dependency on Indian Railways policies, and the need for substantial working capital. Additionally, the lack of long-term contracts due to reliance on purchase orders and tenders adds revenue uncertainty.
Quadrant Future Tek IPO Company Financial Report
Quadrant Future Tek Limited has demonstrated strong financial growth over the past few years, showcasing significant increases in revenue and profit.
The company’s revenue rose from ₹104.29 crores in 2022 to ₹152.95 crores in 2023, marking a substantial year-over-year growth. Similarly, its profit surged from ₹1.94 crores in 2022 to ₹13.90 crores in 2023, reflecting improved operational efficiency and profitability. Below is a detailed overview of the company’s financial performance over recent years
| Period Ended | Revenue (₹ Crores) | Expense (₹ Crores) | Profit After Tax (₹ Crores) | Assets (₹ Crores) |
|---|---|---|---|---|
| 2021 | ₹72.89 | ₹67.03 | ₹4.81 | ₹58.69 |
| 2022 | ₹104.29 | ₹101.34 | ₹1.94 | ₹112.77 |
| 2023 | ₹152.95 | ₹133.01 | ₹13.90 | ₹118.82 |
| December 2023 | ₹100.41 | ₹79.75 | ₹14.42 | ₹132.87 |
Quadrant Future Tek IPO Valuation – FY2023
| KPI | Values |
|---|---|
| ROE: | 61.76% |
| ROCE: | 27.19% |
| EBITDA Margin: | 17.37% |
| PAT Margin: | 9.10% |
| Debt to equity ratio: | 2.52 |
| Earning Per Share (EPS): | ₹4.61 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 46.96% |
| Net Asset Value (NAV): | ₹9.81 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Kernex Micro Systems Limited | (8.83) | NA | NA | NA | 10.69 Cr. |
| HBL Power Systems Limited | 10.07 | 49.30 | 21.52% | 44.03 | 2,233.36 Cr. |
| Apar Industries Limited | 212.10 | 37.28 | 21.29% | 965.05 | 16,152.98 Cr. |
| Polycab India Limited | 118.93 | 56.69 | 22.02% | 545.76 | 18,039.44 Cr. |
Quadrant Future Tek 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 |
Quadrant Future Tek IPOÂ Promoter Holding
The promoters, including Mohit Vohra, Amit Dhawan, Amrit Singh Randhawa, Rupinder Singh, Vishesh Abrol, Vivek Abrol, Aikjot Singh, and Rajbir Singh Randhawa, hold a significant portion of the company’s shares before the IPO. Post-issue, their collective shareholding will reduce to 70%.
| Shareholding | Pre-Issue | Post-Issue |
|---|---|---|
| Promoters | 93.33% | 70% |
Quadrant Future Tek IPOÂ Anchor Investors Details
| Bid Date | January 6, 2025 |
|---|---|
| Shares Offered | 45,00,000 |
| Anchor Portion Size (In Cr.) | 130.50 |
| Anchor lock-in period end date for 50% shares (30 Days) | February 9, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | April 10, 2025 |
Objects of the Issue
Funding Long-term Working Capital Requirements: A significant portion of the funds will be directed toward meeting the company’s long-term working capital needs, ensuring smooth operations and business growth.
Capital Expenditure for Development of the Electronic Interlocking System: The company plans to invest in the development of advanced electronic interlocking systems, which are crucial for enhancing railway safety and operational efficiency.
Prepayment or Repayment of Outstanding Working Capital Term Loans: A part of the proceeds will be used to prepay or repay a portion of the existing working capital term loans, reducing the company’s debt burden and improving financial stability.
General Corporate Purposes: The remaining funds will be allocated for general corporate purposes, supporting day-to-day operations, business expansion, and other strategic initiatives.
Quadrant Future Tek IPO Registrar
Link Intime India Private Limited
Phone: +91 81 0811 4949
E-mail:Â quadrant.ipo@linkintime.co.in
Website: https://www.linkintime.co.in/Initial_Offer/public-issues.html
Company Address
Quadrant Future Tek Limited
Village Basma Tehsil Banur,
Distt Mohali – 140 417,
Punjab, India
Phone: +91 1762 245 509;
Email:Â cs_qftl@quadrantfuturetek.com;
Website: www.quadrantfuturetek.com
Quadrant Future Tek IPO FAQs
What is the Quadrant Future Tek IPO?
The Quadrant Future Tek IPO is an initial public offering by Quadrant Future Tek Limited, a company specializing in specialty cables and advanced train control systems, to raise funds for its business expansion and operations.
When will the Quadrant Future Tek IPO open and close?
The IPO is to open on January 7, 2025, and close on 9th January 2025
What is the price band of the Quadrant Future Tek IPO?
The price band for the Quadrant Future Tek IPO is yet to be disclosed. Stay tuned for updates.
What is the face value of Quadrant Future Tek IPO shares?
The face value of each equity share is ₹10.
What is the issue size of the Quadrant Future Tek IPO?
The total issue size is approximately ₹275 crores, which includes a fresh issue of shares.
What is the refund and allotment date for the IPO?
Refund on Monday, January 13, 2025, and Allotment Date is Friday, January 10, 2025