Quadrant Future Tek was incorporated on September 18, 2015. The company is engaged in developing new generation train control and signalling systems
| Bidding Dates |
|---|
| 07 Jan 2025 - 09 Jan 2025 |
| Subscription |
|---|
| 186.66x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹13,750 | 1 | 13 | 50 | 10.0 M | ₹275 - ₹290 | 70 % | ₹2750.0 M - ₹2900.0 M | RHP DOC |
Quadrant Future Tek IPO SUBSCRIPTION STATUS
09 Jan '25Quadrant Future Tek IPO overall subscription rate was 186.66 times the total available shares
Quadrant Future Tek IPO retail subscription rate was 246.94 times in the retail segment
Quadrant Future Tek IPO non-institutional investor subscription rate was 254.71 times in the non-institutional investor category
Quadrant Future Tek IPO Qualified Institutional Bidder subscription rate was 132.54 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 10% | 15% | 75% |
09 Jan 2025 (Day 3) | 246.94x | 254.71x | 132.54x |
08 Jan 2025 (Day 2) | 137.21x | 87.22x | 0.46x |
07 Jan 2025 (Day 1) | 54.84x | 21.51x | 0.05x |
Quadrant Future Tek FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| H1FY25 | -121.1 | 651.4 | -95.8 | -124.8 | 1.3% |
| FY24 | 147.1 | 1,517.6 | 184.86 | -30.3 | 24.2% |
| FY23 | 139.0 | 1,528.0 | 298.9 | 98.6 | 17.4% |
| FY22 | 19.4 | 1,042.6 | -45.9 | -363.7 | 9.1% |
Quadrant Future Tek IPO SUBSCRIPTION STATUS DETAILS
Quadrant Future Tek had 10.0 M shares on offer
Quadrant Future Tek IPO offer price was in the range ₹275 - ₹290
Quadrant Future Tek IPO minimum Investment was ₹13750
Quadrant Future Tek IPO issue size was ₹ 2750.0 M - ₹ 2900.0 M
Quadrant Future Tek had a minimum lot size of 50 Shares per application
Quadrant Future Tek NUMBER OF SHARES ON OFFER
Quadrant Future Tek IPO IMPORTANT DATES
| Issue Open Date | 07 Jan 2025 |
| Issue close Date | 09 Jan 2025 |
| Allotment Date | 10 Jan 2025 |
| Refund Date | 13 Jan 2025 |
| Demat Account Credit Date | 13 Jan 2025 |
| Listing Date | 14 Jan 2025 |
| Listing on Exchange(s) | NSE and BSE |
| Quadrant Future Tek Allotment Status | Exchange |
Quadrant Future Tek IPO subscription opened on 07 Jan 2025, and closed on 09 Jan 2025
IPO allotment for Quadrant Future Tek was finalized on Friday, 10 Jan 2025
IPO listing for Quadrant Future Tek was on NSE and BSE on Tuesday, 14 Jan 2025
Quadrant Future Tek IPO LISTING GAINS
| Issue Price (adjusted) | 290.0 |
| Listing Open Price | 370.0 |
| Listing Close Price | 444.0 |
| Listing Gain% | 27.6% |
| Current Gain% | 24.7% |
Quadrant Future Tek Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Quadrant Future Tek Ltd. | 361.5 | 1446 | -33.7 | 0.3 | 9.5 | -16.6 | -13.4 | 158.3 | 3.5 | -42.9 | -118.3 | -10.7 | -126.3 |
| Polycab India Ltd. | 9218 | 138893.7 | 48.5 | 1.7 | 4.5 | 22.2 | 13 | 29120 | 28.8 | 2672 | 32.3 | 190.1 | 29.2 |
| KEI Industries Ltd. | 5600 | 53536.3 | 53.7 | 1.6 | 4.3 | 13.8 | 10.2 | 11906.3 | 21.4 | 918.4 | 31.9 | 104.3 | 34.4 |
| R R Kabel Ltd. | 2759.5 | 31211.5 | 51.4 | 0.6 | 2.9 | 19.1 | 10.6 | 9778.8 | 27.5 | 492.2 | 58 | 53.7 | 80.3 |
| Finolex Cables Ltd. | 1024.6 | 15670.9 | 22 | 11.9 | 2.5 | 11.7 | 10.2 | 6486.6 | 17.6 | 713.7 | 1.8 | 46.7 | 1.8 |
| Universal Cables Ltd. | 1411.2 | 4896.2 | 24.4 | 0.3 | 1.5 | 8.9 | 3.8 | 3051 | 25.5 | 163.1 | 82.5 | 57.7 | 71.7 |
Quadrant Future Tek INFORMATION ON IPO ISSUE
About Quadrant Future Tek
Quadrant Future Tek was incorporated on September 18, 2015. The company is engaged in developing new generation train control and signalling systems
Object of the Issue
- Funding long-term working capital requirements of the company.
- Capital expenditure for the development of the electronic interlocking system.
- Prepayment or repayment of all or a portion of the outstanding working capital term loan availed by the company.
- General corporate purposes.
Quadrant Future Tek - PROMOTERS
| Name |
|---|
| Mohit Vohra |
| Amit Dhawan |
| Amrit Singh Randhawa |
| Rupinder Singh |
| Vishesh Abrol |
| Vivek Abrol |
| Aikjot Singh |
| Rajbir Singh Randhawa |
Quadrant Future Tek Book running lead manager
Sundae Capital Advisors Private Limited
quadrant.ipo@sundaecapital.com
Quadrant Future Tek Registrar to the issue
Link Intime India Private Limited
quadrant.ipo@linkintime.co.in
Quadrant Future Tek Strengths
Domain expertise in signaling & train controls
To create domain expertise in signaling and train controls, the company has a team of senior management personnel with experience in the field of railways, signaling, and knowledge of how a locomotive works and operates
Knowledge and application of global standards
The train control systems are designed and developed by the company in line with CENELEC standards to meet SIL-4 safety specifications
Exclusive memorandum of understanding
The company has entered into an exclusive memorandum of understanding with RailTel for delivering specific targeted opportunities related to KAVACH in Indian Railways and other countries' railways
Quadrant Future Tek Risks
Legal and regulatory proceedings
The company, its directors, and its promoters are party to certain legal and regulatory proceedings, including a criminal proceeding against one of the promoter directors. These legal and regulatory proceedings are pending at different levels of adjudication before various courts and regulatory authorities
Dependent on Indian Railways and Navy (Defence)
The company's present business operations and revenues, comprising specialty cables and the proposed business operations under train control products and solutions, are substantially dependent on Indian Railways and Naval (Defence) manufacturing units. Any adverse change in the policy of the Ministry of Railways may adversely affect the business and results of operations
Limited number of customers
The company is dependent on and derives a substantial portion of its revenue from a limited number of customers. Cancellation of orders by customers, or delays or reductions in their orders, could have a material adverse effect on its business, results of operations, and financial condition
IPO FAQs
The promoters of the company are Mohit Vohra, Amit Dhawan, Amrit Singh Randhawa, Rupinder Singh, Vishesh Abrol, Vivek Abrol, Aikjot Singh and Rajbir Singh Randhawa.
The category allocation of qualified institutional buyers is 75.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 10.0%.
The price band of the IPO is Rs 275.0 - 290.0.
The IPO application opens on Jan 07, 2025 and closes on Jan 09, 2025.
The minimum lot size for the IPO is 50. The maximum lot size for the IPO is 650.
For all category investors, the minimum application amount for this IPO is Rs. 13,750.0, the maximum value for this IPO is Rs 188,500.0.
This IPO will be allotted on Jan 10, 2025.
The refund will be credited to your account on Jan 13, 2025.
The allotted shares will be credited to your demat on Jan 13, 2025.
Quadrant Future Tek Ltd.’s shares listed on the stock exchanges on Jan 14, 2025.