Quadrant Future Tek Ltd IPO
Open Demat Account
Quadrant Future Tek Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 100 L | TBA | ₹ 10 L | ₹ 280 L | BSE | ₹ 290 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 07 Jan, 25 | 09 Jan, 25 | 50 | ₹ 13,750 | Book Building | 14 Jan, 25 |
Quadrant Future Tek Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Cables - Telephone |
| Sub Sector | NA |
| Issue Type | Book Building |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 0.19x | 7500000 | 1453650 |
| NII | 91.98x | 1500000 | 137970950 |
| Retail | 144.7x | 1000000 | 144698250 |
| Employee | 0x | 0 | 0 |
| Total | 28.41x | 10000000 | 284122850 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Quadrant Future Tek Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 32.21 | 23.64 | 6.15 |
| EBITDA | 42.50 | 27.35 | 9.35 |
| PAT | 14.71 | 13.90 | 1.94 |
| Total Assets | 59.55 | 47.73 | 59.56 |
| Share Capital | 10.00 | 10.00 | 10.00 |
| Total Borrowings | 72.17 | 63.46 | 71.78 |
| Operating Activities (Net Cash) | 25.00 | 17.61 | 5.14 |
| Investing Activities (Net Cash) | -52.63 | -48.45 | -33.46 |
| Financing Activities (Net Cash) | 72.17 | 63.46 | 71.78 |
| Net Cashflow | 0.71 | 0.53 | 0.25 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Quadrant Future Tek Ltd
Our Company was incorporated as `quadrant Cables Private Limited' on September 18, 2015 at Mohali, Punjab as a private limited company under the Companies Act, 2013. Thereafter, the name of our company was changed from `quadrant Cables Private Limited' to `Quadrant Future Tek Private Limited', and a fresh certificate of incorporation dated October 08, 2021 was issued by Registrar of Companies, Punjab and Chandigarh (RoC). Subsequently, our Company was converted into a public limited company, the word `Private' was struck off from the name of our Company and consequently, a fresh certificate of incorporation dated October 21, 2021 was issued by the RoC, recording the change of our Company's name to `Quadrant Future Tek Limited'.
Our Company caters to two different industries, namely (i) Indian Specialty Cables Industry with niche technology for manufacture of Speciality cables which has application in various industries including Railways, Naval Defence, Solar power & Electric Vehicle; and (ii) Train Control and Signalling System under Railways Industry towards Automatic Train Protection (ATP) and Automatic Train Operations (ATO) systems including KAVACH and growing demand in related technologies and development of new systems to enable safety and capacity augmentation in railways.
Quadrant is a research oriented company, engaged in developing new generation Train Control and Signalling Systems under KAVACH project of the Indian Railways that offers the highest level of safety and reliability to rail passengers and also possess a speciality cable manufacturing facility with Electron Beam Irradiation Centre. The speciality cables manufactured by our Company is used in Railways rolling stock and Naval (Defence) industry. Our facility also possess end to end infrastructure capabilities for production of Solar & EV Cables. Further, our Company has received a purchase order on November 18, 2024 from Chittaranjan Locomotive Works for supply, installation, testing and commissioning of On-board Kavach equipment in 1,200 locomotives for an aggregate value of Rs. 9,786.06 million (including tax).
Peer Comparison:
- Kernex Microsystems (India) Ltd
- Apar Industries Ltd
- Polycab India Ltd
Quadrant Future Tek Ltd IPO Key Points
Strengths
- Innovation and technological development undertaken by the Company for building Automatic Train Protection Systems.
- Entered into an exclusive Memorandum of Understanding with RailTel for delivering the specific targeted opportunities related to KAVACH in Indian Railways and other Countries Railways.
- We have in-house design and product development capabilities powering our Rail Signalling Products & Solutions.
- Unique technology for the manufacture of cables that meets the stringent requirements for multiple industries, namely Railways, Naval Defence, Renewable Energy & Electric Vehicle sectors.
- Advanced manufacturing facilities with a diverse range of power and control cables with focus on innovation and cost competitiveness.
Risk
- The Company has passed through an incidence of litigation involving dispute inter-se its Promoters, namely Mohit Vohra, Amit Dhawan, Rupinder Singh, Aikjot Singh, Vishesh Abrol and Vivek Abrol, along with Mohan Krishan Abrol, Vipin Abrol and Parminder Kaur to remove Amrit Singh Randhawa and Rajbir Singh Randhawa from the Board of the Company on charges of carrying out certain competing activities in a company controlled by them (i.e. International Switchgears Private Limited) that poses a conflict of interest to the Company. The matter was escalated to NCLT and subsequently the same was amicably settled between the Promoters and Promoter Group and a settlement agreement was executed. Its cannot assure that such instance will not occur in future, which may adversely affect its business prospects and results of operations.
- The Company, alongwith Vivek Abrol, Promoter & Director of the Company and Mohan Krishan Abrol have filed a settlement application under Securities and Exchange Board of India (Settlement Proceedings) Regulations, 2018 for delayed compliance under Regulation 54 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. Any adverse outcome in relation to such settlement application may impact its reputation.
- Its business is dependent on the company single manufacturing facility, and its subject to certain risks in its manufacturing process. Any slowdown or shutdown in the company manufacturing operations could have an adverse effect on its business, financial condition and results of operations.
Strategy
- To continue focus on new products through constant research and development.
- Make in India and focus on indigenisation.
- Expansion of business to other areas of Automatic Train Protection and railway safety.
- Continue to grow share of our business from non promoter group companies.
- Expansion of cable business in new sectors.
- Innovation and technological development undertaken by the Company for building Automatic Train Protection Systems.
- Entered into an exclusive Memorandum of Understanding with RailTel for delivering the specific targeted opportunities related to KAVACH in Indian Railways and other Countries Railways.
- We have in-house design and product development capabilities powering our Rail Signalling Products & Solutions.
- Unique technology for the manufacture of cables that meets the stringent requirements for multiple industries, namely Railways, Naval Defence, Renewable Energy & Electric Vehicle sectors.
- Advanced manufacturing facilities with a diverse range of power and control cables with focus on innovation and cost competitiveness.
How To Apply for Quadrant Future Tek Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
