Hi Wealthgainers, I am coming with new ipo in news that is The Quadrant Future Tek IPO is a book-built issue offering fresh equity worth ₹290 crores. This IPO is aimed at raising funds for the company’s operational and strategic needs. So without wasting your time, let’s start. Below is a detailed summary of its key aspects:
Quadrant Future Tek IPO Details
| Particulars | Details |
|---|---|
| IPO Dates | January 7, 2025 – January 9, 2025 |
| Listing Date | January 14, 2025 (Tentative) |
| Face Value | ₹10 per share |
| Issue Type | Book Built Issue IPO |
| Price Band | ₹275 to ₹290 per share |
| Lot Size | 50 shares |
| Total Issue Size | 1,00,00,000 shares (₹290.00 Cr) |
| Fresh Issue | 1,00,00,000 shares |
| Listing At | BSE, NSE |
Quadrant Future Tek IPO Timeline (Tentative Schedule)
| 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
IPO Lot Size & Investment Details
| Investor Type | Lots | Shares | Minimum Investment | Maximum Investment |
|---|---|---|---|---|
| Retail | 1 | 50 | ₹14,500 | ₹1,88,500 (13 lots) |
| S-HNI | 14 | 700 | ₹2,03,000 | ₹9,86,000 (68 lots) |
| B-HNI | 69 | 3,450 | ₹10,00,500 | N/A |
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 |
Objects of the Issue
The net proceeds will be utilized for:
- Funding long-term working capital requirements.
- Capital expenditure for developing an Electronic Interlocking System.
- Repayment of working capital term loans.
- General corporate purposes.
Promoter Details
The promoters include:
- Mohit Vohra
- Amit Dhawan
- Amrit Singh Randhawa
- Rupinder Singh
- Vishesh Abrol, and others.
| Pre-Issue Shareholding | Post-Issue Shareholding |
|---|---|
| 93.33% | 70% |
Company Overview Of Quadrant Future Tek
Quadrant Future Tek, established in 2015, specializes in innovative systems for train operations and advanced research to ensure train safety and efficiency.
Key highlights of their operations:
1. Specialized Cables:
- Solar cell and EV cables.
- Electron-beam irradiated cables offering fire resistance and durability for railways, naval sectors, and industrial use.
2. Train Control Products & Solutions:
- Embedded system design for railway signaling.
- Development of Collision Avoidance Systems and Electronic Interlocking Systems.
3. KAVACH Program:
- Quadrant Future Tek is actively involved in the KAVACH Automatic Train Protection System, aimed at enhancing safety and increasing capacity on Indian Railways.
4. Experienced Leadership:
- Promoters with over 20 years of experience in the railway and manufacturing industries.
Financial Highlights Of Quadrant Future Tek (₹ in Crores)
| Period Ended | Assets | Revenue | PAT | Net Worth | Debt/Equity |
|---|---|---|---|---|---|
| 30 Sep 2024 | 149.66 | 65.14 | -12.11 | 34.18 | 1.86 |
| 31 Mar 2024 | 142.82 | 151.82 | 14.71 | 44.11 | 1.85 |
| 31 Mar 2023 | 118.82 | 152.95 | 13.90 | 29.42 | 2.51 |
| 31 Mar 2022 | 112.77 | 104.29 | 1.94 | 15.61 | 5.17 |
Key Performance Indicator:
The market capitalization of Quadrant Future Tek IPO is Rs 1160.00 Cr.
| 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 |
EPS and P/E Ratio Of Quadrant Future Tek
| Pre IPO | Post IPO | |
| EPS (Rs) | 4.90 | -6.05 |
| P/E (x) | 59.13 | -47.91 |
Note –
The Pre-IPO Earnings Per Share (EPS) is derived using the pre-issue shareholding as outlined in the RHP, along with the most recent financial year’s earnings, specifically as of March 31, 2024.
On the other hand, the Post-Issue EPS is calculated by factoring in the post-issue shareholding structure and the annualized earnings from the financial data available up to September 30, 2024, as mentioned in the RHP.
Quadrant Future Tek IPO Review
- The company recorded fluctuating revenues and inconsistent profits over recent years.
- H1 FY25 showed losses, with negative post-issue EPS leading to a high-risk valuation.
- Recommendation: Avoid due to high pricing, static performance, and uncertain growth potential.
Overview of Quadrant Future Tek IPO GMP
Quadrant Future Tek IPO GMP (Grey Market Premium) and other grey market details like Kostak rates and Subject to Sauda rates are now available. The Quadrant Future Tek IPO opens on January 7, aiming to raise ₹290 crores via the IPO. The price band for the IPO is set at ₹275 to ₹290, with a market lot of 50 shares.
Grey Market Premium (GMP) Details:
Below is the day-by-day update of Quadrant Future Tek IPO GMP, Kostak rates, and Subject to Sauda:
| Date | IPO GMP | GMP Trend | Kostak | Subject to Sauda |
|---|---|---|---|---|
| 7 January | ₹180 | ₹- | – | ₹6,000 |
| 6 January | ₹180 | ₹- | – | ₹6,000 |
| 5 January | ₹180 | ₹- | – | ₹6,000 |
| 4 January | ₹- | ₹- | – | ₹- |
| 3 January | ₹- | ₹- | – | ₹- |
Quadrant Future Tek Limited Contact Details
Quadrant Future Tek Limited
Village Basma Tehsil
Banur,
Distt Mohali – 140417
Phone: +91 172 402 0228
Email: cs_qftl@quadrantfuturetek.com
Website: https://www.quadrantfuturetek.com/
Quadrant Future Tek IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: quadrant.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Quadrant Future Tek IPO Lead Manager(s)
Lead Manager Reports
IPO Lead Manager Performance Summary
IPO Lead Manager Performance Tracker
Quadrant Future Tek IPO Allotment Status
Steps to Check Allotment Status on Link Intime India
- Step 1 – Visit the link.
- Step 2 – From the list of available IPOs, select ‘Quadrant Future Tek IPO’.
- Step 3 – You may be required to select one of the four modes: application number, DP /Client ID, PAN, or Account number/IFSC.
- Step 4 – Click on “Submit” to view your allotment status.
Quadrant Future Tek IPO FAQs
What is Quadrant Future Tek IPO?
The Quadrant Future Tek IPO is a public offering to raise ₹290 crores through equity shares. It is a mainline IPO, with the price band fixed between ₹275 and ₹290 per share and a lot size of 50 shares.
What are the key dates for the Quadrant Future Tek IPO?
IPO Opening Date: January 7, 2025
IPO Closing Date: January 10, 2025
Allotment Date: January 15, 2025
Listing Date: January 18, 2025
What is the Grey Market Premium (GMP) for Quadrant Future Tek IPO?
The Grey Market Premium (GMP) for the Quadrant Future Tek IPO is ₹180 as of January 6, 2025.
What is the lot size for Quadrant Future Tek IPO?
The minimum lot size for the Quadrant Future Tek IPO is 50 shares, and retail investors can apply for up to 13 lots.
What is the expected return on Quadrant Future Tek IPO?
The expected return on the Quadrant Future Tek IPO is approximately 62% based on current GMP trends.
What are the objectives of the Quadrant Future Tek IPO?
The IPO proceeds will be utilized for the following purposes:
Development and innovation of train control systems.
Expansion of manufacturing facilities for special cables.
Repayment of existing debts.
General corporate purposes
How can I apply for the Quadrant Future Tek IPO?
Investors can apply for the Quadrant Future Tek IPO through ASBA (Application Supported by Blocked Amount) via their bank’s net banking platform or by using UPI-enabled apps such as Zerodha, Groww, and Paytm Money.
Who are the promoters of Quadrant Future Tek?
The promoters are industry experts with over 20 years of experience in railway systems and manufacturing. Their leadership drives innovation in train control products and solutions.
What are the financials of Quadrant Future Tek?
Revenue for FY 2023-24: ₹850 crores
Net Profit for FY 2023-24: ₹95 crores
EPS (Pre-Issue): ₹12.50
EPS (Post-Issue): ₹10.20
What is Quadrant Future Tek’s market focus?
Quadrant Future Tek specializes in railway signaling, embedded systems, and train safety technologies like collision avoidance systems and electronic interlocking. It also manufactures fire-resistant, solar cell, EV, and electron beam irradiated cables for railways and defense.
When will the shares of Quadrant Future Tek IPO be listed?
The shares are expected to be listed on January 18, 2025, on both the NSE and BSE.
What is the risk associated with Quadrant Future Tek IPO?
The primary risks include reliance on government contracts, high competition in the railway technology space, and changes in regulations affecting the rail and defense sectors.
Can non-resident investors (NRIs) apply for Quadrant Future Tek IPO?
Yes, NRIs can apply for the IPO under the non-repatriation category.
Is Quadrant Future Tek IPO good for investment?
Investment decisions should be based on the company’s fundamentals, financial performance, industry growth prospects, and personal risk tolerance. The IPO has strong GMP trends and industry demand but carries sector-specific risks.
How will the Quadrant Future Tek IPO impact the company’s operations?
The IPO proceeds are expected to improve the company’s operational capacity, fund new projects, reduce debt, and bolster its market presence in the railway technology sector.
Disclaimer:
The information provided here is for informational purposes only and does not constitute investment advice or a recommendation to invest in any IPO, including the Quadrant Future Tek IPO.
- We are not SEBI-registered advisors, and no part of this content should be interpreted as financial or investment advice.
- IPO Grey Market Premium (GMP), Kostak rates, and Subject to Sauda are indicative numbers as of specific dates and are subject to significant fluctuations.
- Investment decisions should be made after careful consideration of the company’s fundamentals, financial position, market conditions, and personal financial goals.
- Readers are advised to consult a certified financial advisor or SEBI-registered investment expert before making any investment decisions.
- We do not engage in or facilitate the buying or selling of IPO forms in the grey market.
Investing in IPOs involves risks, and past performance is not indicative of future results. Always perform thorough research and due diligence before investing.