Quadrant Future Tek IPO is set to open for subscription on January 7, 2025, and will close on January 9, 2025. The IPO is a Book Built Issue, aiming to raise approximately ₹290 crores, consisting of a fresh issue of ₹290 crores and an offer for sale of equity shares with a face value of ₹10 each.
The price band for the IPO is fixed at ₹275 to ₹290 per share. The allocation ratio for different investor categories is as follows:
- Retail Investors (RII): 10%
- Qualified Institutional Buyers (QIB): 75%
- High Net-worth Individuals (HNI): 15%
The IPO allotment date is scheduled for January 10, 2025, with the company expected to list on both the BSE and NSE on January 14, 2025.
Financial Performance
Quadrant Future Tek reported a revenue of ₹151.82 crores in FY 2024, slightly down from ₹152.95 crores in FY 2023. The company’s net profit improved to ₹14.71 crores in FY 2024, compared to ₹13.90 crores in FY 2023.
About Quadrant Future Tek Limited IPO
Quadrant Future Tek Limited is a technology and innovation-driven company focused on two key areas:
- Advanced Train Control and Signaling Systems: The company is a significant player in the Indian Railways’ KAVACH project, developing cutting-edge systems to enhance train safety and reliability.
- Specialty Cable Manufacturing: Quadrant Future Tek manufactures specialized cables for various industrial applications, including railways, defense, and renewable energy. These cables are designed with features like fire resistance and lightweight properties, making them suitable for demanding environments.
Key Features:
- Research-Oriented: The company emphasizes research and development to stay at the forefront of technological advancements in its chosen fields.
- Focus on Safety and Innovation: Their work on train control and signaling systems directly contributes to improving passenger safety on Indian railways.
- State-of-the-Art Facilities: Quadrant Future Tek operates modern production and research facilities, enabling them to deliver high-quality products and solutions.
Quadrant Future Tek Limited IPO Details
| Type | 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 Quota: | Not more than 75% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Quadrant Future Tek Limited IPO Market Lot
The minimum market lot for the Quadrant Future Tek IPO is 50 shares, requiring an application amount of ₹14,500. Retail investors can apply for a maximum of 13 lots, totaling 650 shares with an investment amount of ₹1,88,500.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 50 | ₹14,500 |
| Retail Maximum | 13 | 650 | ₹1,88,500 |
| S-HNI Minimum | 14 | 700 | ₹2,03,000 |
| B-HNI Minimum | 69 | 3,450 | ₹10,00,500 |
Quadrant Future Tek Limited IPO Dates
The Quadrant Future Tek IPO will open for subscription on January 7, 2025, and close on January 9, 2025. The allotment of shares is expected to be finalized on January 10, 2025, with the company’s IPO set to list on the stock exchanges on January 14, 2025.
| Category | Dates |
|---|---|
| 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 |
Promoters of Quadrant Future Tek Limited IPO
The promoters of Quadrant Future Tek are a distinguished group of industry professionals, including Mohit Vohra, Amit Dhawan, Amrit Singh Randhawa, Rupinder Singh, Vishesh Abrol, Vivek Abrol, Aikjot Singh, and Rajbir Singh Randhawa.
Quadrant Future Tek Limited IPO Company Financial Report
The company reported a revenue of ₹151.82 crores in 2024, compared to ₹152.95 crores in 2023, reflecting a marginal decline. However, net profit increased from ₹13.90 crores in 2023 to ₹14.71 crores in 2024, demonstrating an improvement in profitability.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
|---|---|---|---|---|
| 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 |
| 2024 | ₹151.82 | ₹129.94 | ₹14.71 | ₹142.82 |
| September 2024 | ₹65.14 | ₹77.63 | ₹12.12 | ₹149.66 |
Quadrant Future Tek Limited IPO Valuation – FY2024
| KPI | Values |
|---|---|
| ROE: | 33.41% |
| ROCE: | 26.12% |
| EBITDA Margin: | 24.15% |
| PAT Margin: | 9.68% |
| Debt to equity ratio: | 1.86 |
| Earning Per Share (EPS): | ₹4.90 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 33.41% |
| Net Asset Value (NAV): | ₹14.70 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Kernex Micro Systems Limited | (16.61) | NA | (24.16%) | 63.61 | 19.60 Cr. |
| HBL Power Systems Limited | 10.07 | 61.59 | 22.87% | 44.03 | 22,333.55 Cr. |
| Apar Industries Limited | 212.10 | 49.11 | 20.80% | 965.01 | 16,152.98 Cr. |
| Polycab India Limited | 118.93 | 64.85 | 21.90% | 544.95 | 18,039.44 Cr. |
Objects of the Issue
- Financing long-term working capital requirements to support business growth and operations.
- Capital expenditure for the development of an advanced Electronic Interlocking System, enhancing technological capabilities.
- Prepayment or repayment of a portion of the outstanding working capital term loan, reducing financial liabilities.
- General corporate purposes, contributing to overall business improvement and strategic initiatives.
Quadrant Future Tek Limited IPO Registrar
Link Intime India Private Limited
Phone: +91 81 0811 4949
E-mail: quadrant.ipo@linkintime.co.in
Website: https://www.linkintime.co.in/Initial_Offer/public-issues.html
IPO Lead Managers aka Merchant Bankers
- Sundae Capital Advisors Private Limited
Company Address
Quadrant Future Tek Limited
Village Basma Tehsil Banur,
Distt Mohali – 140 417,
Punjab, India
Phone: +91 1762 245 509;
Email: cs_qftl@quadrantfuturetek.com;
Website: www.quadrantfuturetek.com
FAQs on Quadrant Future Tek Limited
The price band for the Quadrant Future Tek IPO was ₹275 to ₹290 per share.
The company aimed to raise ₹290 crores through the IPO.
The IPO opened for subscription on January 7, 2025, and closed on January 9, 2025.
The allotment date for the Quadrant Future Tek IPO was January 10, 2025.
The shares of Quadrant Future Tek are expected to list on the BSE and NSE on January 14, 2025.
Disclaimer: This information is for general knowledge and informational purposes only and does not constitute investment advice.
