IPO - Check IPO Date, Price, Lot Size

Quadrant Future Tek Ltd IPO

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).

Quadrant Future Tek Ltd IPO Details

Total Shares Offered

₹ 1,00,00,000

Offer to Public

TBA

Retail Max (Shares)

₹ 10,00,000

Pre Issue Promoters Holding

₹ 2,80,00,000

Exchange

BSE

Issue size

₹ 290 Cr

IPO Open Date

Jan 7, 2025

Close Date

Jan 9, 2025

Lot Size

Min Investment

₹ 13,750

Issue Type

Book Building

Listing Date

Jan 14, 2025

Quadrant Future Tek Ltd IPO Dates

Jan 7, 2025

Opening date

Jan 9, 2025

Closing date

Jan 10, 2025

Basis of Allotment

Jan 13, 2025

Initiation of Refunds

Jan 13, 2025

Credit of Shares

Jan 14, 2025

Listing date

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	55.91x	7500000	419310850
NII	268.61x	1500000	402908900
Retail	260.41x	1000000	260412750
Employee	0x	0	0
Total	108.26x	10000000	1082632500

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

55.91x

268.61x

260.41x

108.26x

7500000

1500000

1000000

10000000

419310850

402908900

260412750

1082632500

Quadrant Future Tek Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	-5.05	32.18	23.64
EBITDA	16.10	43.76	27.35
PAT	-19.68	11.62	13.90
Total Assets	326.35	60.11	47.73
Share Capital	40.00	10.00	10.00
Total Borrowings	110.55	72.72	63.46
Operating Activities (Net Cash)	1.47	23.20	17.61
Investing Activities (Net Cash)	0.00	0.00	-48.45
Financing Activities (Net Cash)	110.55	72.72	63.46
Net Cashflow	186.84	0.71	0.53

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.

Peer Comparison:

Kernex Microsystems (India) Ltd
Apar Industries Ltd
Polycab India Ltd

Quadrant Future Tek Ltd 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.

How To Apply for Quadrant Future Tek Ltd IPO Online?

Step 1:

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.

FAQs on IPO (Initial Public Offering)

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

Quadrant Future Tek Ltd's IPO offers shares for up to 290 It begins on Jan 7, 2025 and ends on Jan 9, 2025.

What is the price of the Quadrant Future Tek Ltd IPO?

The price of Quadrant Future Tek Ltd IPO ranges between ₹275 to ₹290 per share.

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

The Quadrant Future Tek Ltd IPO opens on Jan 7, 2025 and closes on Jan 9, 2025.

When will the Quadrant Future Tek Ltd IPO be allotted?

The allotment for the Quadrant Future Tek Ltd IPO will be finalised on Jan 10, 2025. The shares will be listed on BSE and NSE on Jan 14, 2025.

What is the minimum lot size required for Quadrant Future Tek Ltd IPO?

The minimum lot size for Quadrant Future Tek Ltd IPO is 50 shares, priced between ₹275 to ₹290 per share.

What is the GMP of Quadrant Future Tek Ltd IPO?

The GMP (Grey Market Premium) of Quadrant Future Tek Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Quadrant Future Tek Ltd IPO?

To check the allotment status of Quadrant Future Tek Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Quadrant Future Tek Ltd IPO getting listed?

The Quadrant Future Tek Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Jan 7, 2025, and closes on Jan 9, 2025. The allotment is finalised on Jan 10, 2025.

How do you apply for the Quadrant Future Tek Ltd IPO?

To apply for the Quadrant Future Tek Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.