About Quadrant Future Tek Limited
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 speciality 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 speciality 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 speciality cables.
The company manufactures, tests, and develops speciality 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 centre and corporate function.
Competitive Strength:
- 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.
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.
Quadrant Future Tek IPO opens for subscription on January 7, 2025 and closes on January 9, 2025. The allotment for the Quadrant Future Tek IPO is expected to be finalized on Friday, January 10, 2025. Quadrant Future Tek IPO will list on BSE, NSE with tentative listing date fixed as Tuesday, January 14, 2025.
Quadrant Future Tek IPO price band is set at ₹275 to ₹290 per share. The minimum lot size for an application is 50. The minimum amount of investment required by retail investors is ₹14,500. The minimum lot size investment for sNII is 14 lots (700 shares), amounting to ₹2,03,000, and for bNII, it is 69 lots (3,450 shares), amounting to ₹10,00,500.
Quadrant Future Tek IPO Details
| IPO Date | January 7, 2025 to January 9, 2025 |
| Listing Date | [.] |
| 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 Timeline (Tentative Schedule)
Quadrant Future Tek IPO opens on January 7, 2025, and closes on January 9, 2025.
| 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
Investors can bid for a minimum of 50 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| 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 |
| Lot Size Calculator | |||
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 IPO Anchor Investors Details
Quadrant Future Tek IPO raises Rs 130.50 crore from anchor investors. Quadrant Future Tek IPO Anchor bid date is January 6, 2025.
| 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 |
Quadrant Future Tek IPO Promoter Holding
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.
| Share Holding Pre Issue | 93.33% |
| Share Holding Post Issue | 70% |
Company Financials
Quadrant Future Tek Limited Financial Information (Restated)
Quadrant Future Tek Limited’s revenue decreased by -1% and profit after tax (PAT) rose by 6% between the financial year ending with March 31, 2024 and March 31, 2023.
| 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 | ||||||||||||||||||||||||||||||||||||||||
Objects of the Issue (Quadrant Future Tek IPO Objectives)
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
- Funding long-term working capital requirements of the Company;
- Capital expenditure for the development of Electronic Interlocking System;
- Prepayment or repayment of all or a portion of outstanding working capital term loan availed by the Company; and
- General corporate purposes.
