Quadrant Future Tek IPO

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.

Quadrant Future Tek prides itself on a technology and innovation-driven approach that enhances operational efficiency and maintains rigorous quality control standards. Its competitive advantage also stems from its team of experienced domain professionals and a robust design and development department, which supports the indigenous development of solutions.

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.

In the realm of Train Control and Signalling, Quadrant Future Tek is at the forefront of the modernization of the Indian Railways with a focus on the 'Make in India' initiative. 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. This dedication to high standards has helped Quadrant Future Tek establish long-term, growth-oriented relationships with its customers, further expanding its business operations.

Industry Outlook:

1. The Indian economy's forecasted robust growth, especially in the industrial sector (expected 7.9% growth in FY24).
2. The government's emphasis on infrastructure development, with a significant capital expenditure outlay of ₹11,11,111 crores in FY24, presents opportunities for Quadrant Future Tek.

Quadrant Future Tek Limited IPO Objectives

The company plans to allocate the net proceeds from the issuance to the following purposes:

1. Funding long-term working capital requirements of the company;
2. Capital expenditure for the development of the Electronic Interlocking System;
3. Prepayment or repayment of all or a portion of outstanding working capital term loans availed by the company; and
4. General corporate purposes include meeting business requirements, funding growth opportunities, including strategic initiatives, capital expenditures, and commission payments.

Peer Details

The companies considered by Sanstar as its peers include:

1. Kernex Micro Systems Limited
2. HBL Power Systems Limited
3. Apar Industries Limited
4. Polycab India Limited
5. Trident Limited

How to Check the Allotment Status of the Quadrant Future Tek Limited IPO?

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

• Log in to the Angel One app
• Go to the individual order details page of the IPO that you had applied for.
• Check the IPO allotment status. As such, Angel One will notify you of your IPO allotment status via push notification, email and SMS.

Contact Details of Quadrant Future Tek Limited IPO

• Registered office: Village Basma Tehsil Banur, Distt Mohali - 140 417, Punjab, India
• Phone: +91 1762 245 509
• E-mail:cs_qftl@quadrantfuturetek.com