IPO Details

Bidding Dates

06 Jan '25 - 08 Jan '25

Minimum Investment

₹14,500/ 1 Lot (50 Shares)

Price Range

₹275 - ₹290

Maximum Investment

₹1,88,500/ 13 Lots (650 Shares)

Retail Discount

To be announced

Issue Size

₹290.00 crore

Investor category and sub category

Retail Institutional Buyers (RIBs)  |   Non-Institutional Investors (NIIs)  |   Qualified Institutional Buyers (QIBs)  |  

Quadrant Future Tek IPO Important Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Jan 6, 2025

IPO Closing Date

Jan 8, 2025

Basis of Allotment

Jan 9, 2025

Initiation of Refunds

Jan 12, 2025

IPO Listing Date

Jan 13, 2025

Quadrant Future Tek IPO Subscription Details

DateQIBNIIRetailTotal

Day 1Jan 6, 2025

 0.04 9.77 26.72 7.54

Day 2Jan 7, 2025

 0.48 92.08 145.42 51.82

Day 3Jan 8, 2025

 83.35 248.47 232.8 155.55

About Quadrant Future Tek IPO

Quadrant Future Tek IPO is set to raise ₹290 crore through a fresh issue of 1 crore shares. The IPO opened for subscription on January 7, 2025, and will close soon on January 9, 2025. The allotment is expected to be finalised on January 10, 2025, with the shares tentatively listed on the BSE and NSE on January 14, 2025.

The price band for the IPO is ₹275 to ₹290 per share. Retail investors can apply for a minimum lot size of 50 shares, requiring an investment of ₹14,500. Small Non-Institutional Investors (sNII) need a minimum of 14 lots (700 shares), amounting to ₹2,03,000, while large Non-Institutional Investors (bNII) must apply for 69 lots (3,450 shares), amounting to ₹10,00,500.

Sundae Capital Advisors is the book-running lead manager, ensuring smooth operations during the IPO. Link Intime India Private Ltd serves as the registrar for this offering, handling the allotment and other processes. This IPO offers a unique opportunity for investors to participate in a growing sector with potential for substantial returns.

Industry Outlook

  1. The Indian Railways is rapidly advancing with initiatives such as the conversion of 15,000 km to automatic signalling and the installation of "Kavach" on 37,000 km of tracks. With ₹557 crore allocated for Kavach in the Union Budget 2024-25, this push ensures improved railway safety and efficiency.
  2. The demand for specialty cables is driven by industrial applications like railways, defence, and urban power distribution. Medium-voltage specialty cables dominated the market with a 68% share in CY24EE, followed by low-voltage (28%).

Quadrant Future Tek IPO Objectives 

The company will use the proceeds of the issue for the following objects:

  • Funds will be used to support the company's long-term working capital needs, ensuring smooth operations.
  • Capital will be allocated for developing an advanced Electronic Interlocking System, enhancing operational efficiency and safety.
  • A portion of the proceeds will be utilized to prepay or repay existing working capital term loans, reducing the financial burden.
  • The remaining funds will be utilised for general corporate purposes.

About Quadrant Future Tek Limited 

Quadrant Future Tek Limited is a research-oriented company engaged in developing advanced train control and signalling systems that offer high safety and reliability levels to rail passengers. The company also manufactures specialised Electron Beam Irradiated (E-beam) cables suitable for various industrial applications including rail vehicles, naval vessels, electric vehicles, and renewable energy installations. These cables are favoured for their fire safety, lightweight, and long-term performance attributes.

Headquartered in India, Quadrant Future Tek operates a manufacturing facility in Basma, Mohali, and has Railway Signalling & Embedded System Design centres in Bengaluru, Karnataka, and Hyderabad, Telangana. The company’s manufacturing operations are comprehensive, extending to the production of solar cables and electric vehicle (EV) cables, highlighting its capacity for end-to-end infrastructure capabilities.

A significant part of the company’s business involves the speciality cables division, which produces cables that withstand high temperatures, enabling significant weight reduction in their applications. This division benefits from an in-house formulated polymer, treated with Electron Beam radiations to achieve enhanced mechanical and thermal properties.

The company is actively involved in the development of the Train Collision Avoidance System (KAVACH), which aims to be the world's most cost-effective solution of its kind. This system is designed to enhance the safety and operational efficiency of the Indian Railways through advanced technology that includes radio transmission and support for LTE (Long Term Evolution) technology.

The company's commitment to quality and innovation is further underlined by its adherence to international standards and certifications from bodies such as Nuclear Quality Assurance (NQA) Certification Limited and ROHS Certification Private Limited. 

How To Check the Allotment Status of the Quadrant Future Tek IPO?

Steps to check IPO allotment status on Angel One’s app:

  1. Log in to the Angel One app.
  2. Go to the IPO Section and then to IPO Orders.
  3. Select the individual IPO that you had applied for and check the allotment status.
  4. Angel One will notify you of your IPO allotment status via push notification and email.

How To Apply for a Quadrant Future Tek IPO online?

  1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
  2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
  3. Select IPO: Find and select the Quadrant Future Tek IPO from the list of open IPOs.
  4. Enter the Lot Size: Specify the number of lots you want to bid for.
  5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
  6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

Contact Details of Quadrant Future Tek Limited 

Registered office: Village Basma Tehsil Banur, Distt Mohali - 140 417, Punjab, India

Phone: +91 172 402 0228

E-mail:  cs_qftl@quadrantfuturetek.com 

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 Lot Size Details

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 Promoter Holding

The company's Promoters 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

70.00%

 

Key Performance Indicators for Quadrant Future Tek IPO

As of March 31, 2024, the KPIs of Quadrant Future Tek

KPI

Values

ROE

33.41%

ROCE

26.12%

Debt/Equity

1.86

RoNW

33.41%

PAT Margin

9.68

Price to Book Value

19.73

Price Metrics

Metric

Pre-IPO

Post-IPO

P/E (x)

59.13

-47.91

EPS (₹)

4.90

-6.05

Note: The Pre-IPO EPS is based on pre-issue shareholding and FY24 earnings as of March 31, 2024, from the RHP. The Post-Issue EPS considers post-issue shareholding and annualized earnings as of September 30, 2024, from the RHP.

 

Quadrant Future Tek IPO Prospectus

Quadrant Future Tek IPO Registrar and Lead Managers

Quadrant Future Tek IPO Lead Managers

Sundae Capital Advisors

Registrar for Quadrant Future Tek IPO

 Link Intime India Private Limited 

  • Contact Number:+91-22-4918 6270
  • Email Address:quadrant.ipo@linkintime.co.in

Website: Quadrant Future Tek IPO Registrar

Financial Performance of Quadrant Future Tek Limited

Particulars Year ending on March 31, 2024 Year ending on March 31, 2023 Year ending on March 31, 2022
Revenue from Operation (in ₹ million) 1,517.56 1,528.04 1,042.58
Profit After Tax (PAT) (in ₹ million) 146.92 138.16 18.94
Return on Equity (“RoE”) (%) 33.41 47.03 12.17
Debt to Equity Ratio (x) 1.86 2.52 5.19
Total Borrowings (in ₹ million) 816.14 739.96 806.81
Return on Capital Employed (RoCE) (%) 26.12 27.20 8.43
EBITDA (in ₹ million) 366.68 265.49 95.08

Know before investing

Strengths

8

  1. Expertise in designing Kavach-enabled TCAS enhances railway safety and efficiency.

  2. Advanced embedded systems meet global SIL-4 and CENELEC safety standards.

  3. Exclusive RailTel MoU boosts Kavach system implementation and global reach.

  4. High-performance cables cater to railways, defence, renewable energy, and EVs.

  5. Electron beam technology ensures cables with superior safety and durability.

  6. Lightweight cables save energy in railways and lower EV battery costs.

  7. Punjab facility integrates design, testing, and production for cost efficiency.

  8. Innovative cables enhance naval ship safety and operational efficiency.

Risks

8

  1. Litigation among promoters raises potential risks to business operations and reputation.

  2. Pending SEBI settlement may adversely affect compliance reputation and credibility.

  3. Dependence on a single facility risks production during shutdowns or slowdowns.

  4. Rapidly evolving customer preferences in key sectors pose operational challenges.

  5. Limited experience in Train Control Systems impacts performance predictability and growth.

  6. Failure to deliver ₹9,786.06 million Kavach order risks financial stability.

  7. Pricing volatility post-IPO may result in unpredictable market value outcomes.

  8. Historical errors in financials could lead to penalties and legal actions.

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Quadrant Future Tek Limited Peer Comparison

Company Name EPS (Basic) Revenue from Operation (in ₹ million) RoNW (%)
Quadrant Future Tek Limited 4.90 1,518.23 33.31
Kernex Micro Systems Limited (16.61) 195.98 (24.16%)
HBL Power Systems Limited 10.07 22,333.55 22.87
Apar Industries Limited 212.10 161,529.80 20.80
Polycab India Limited 118.93 180,394.44 21.90

Quadrant Future Tek IPO FAQs

What is the Quadrant Future Tek IPO?

Quadrant Future Tek IPO is a book-built issue IPO. It will be open from January 7, 2025, to January 9, 2025.

When will the Quadrant Future Tek IPO be allotted?

The Basis of Allotment will happen on Friday, January 10, 2025.

When will Quadrant Future Tek IPO open for subscription?

The IPO subscription window will open on January 7, 2025.

What minimum lot size can retail investors subscribe to?

The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 50 shares.

When will Quadrant Future Tek IPO list on exchanges?

The listing date for Quadrant Future Tek IPO is Tuesday, January 14, 2025.

What is the issue size of the Quadrant Future Tek IPO?

The issue size of the Quadrant Future Tek IPO is up to ₹290.00  crore, with a complete fresh issue of ₹290.00 crore.

What are the open and close dates of the Quadrant Future Tek IPO?

The open and close dates for Quadrant Future Tek IPO are from January 7, 2025, to January 9, 2025.

What would be the listing gains on the Quadrant Future Tek IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.

How to increase your chances of getting a Quadrant Future Tek IPO allotment?

  1. Multiple Submissions: Use different Demat accounts to make multiple applications.
  2. Higher Price Band Bidding: Opt for bidding at the cut-off price or higher price band.
  3. Timely Subscription: Ensure you subscribe to the IPO within the specified time frame.

How do I approve the UPI mandate request for the Quadrant Future Tek IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of Quadrant Future Tek IPO using one PAN?

You can submit only one application using your PAN card.

How to read Quadrant Future Tek Limited's financial statements?

To read Quadrant Future Tek’s financial statements, download the IPO’s  RHP document.

What is 'pre-apply' for the Quadrant Future Tek IPO?

Pre-apply allows investors to apply for the  Quadrant Future Tek  IPO two days before the subscription period opens, ensuring an early submission of your application.

If I pre-apply for the Quadrant Future Tek IPO, when will my order get placed?

Your order will be placed when the IPO opens for bidding, and a UPI request will follow within 24 hours.

When will I know if my Quadrant Future Tek IPO order is placed?

You will receive a notification once your order is successfully placed with the exchange after the bidding starts.

Who is the registrar of the Quadrant Future Tek IPO?

Link Intime India Private Limited is the registrar responsible for managing the IPO allotment process and handling investor queries.

Where is the Quadrant Future Tek IPO getting listed?

The Quadrant Future Tek IPO is proposed to be listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).