The Quadrant Future Tek IPO is a Rs 290.00 crore book-built offering. This is a brand-new offering of one crore shares.
The subscription period for the Quadrant Future Tek initial public offering (IPO) began on January 7, 2025, and it will end on January 9, 2025. On Friday, January 10, 2025, the allocation for the Quadrant Future Tek IPO is anticipated to be finalized. The tentative listing date for the Quadrant Future Tek IPO is set for Tuesday, January 14, 2025, and it will be listed on the BSE and NSE.
The price range for Quadrant Future Tek’s IPO is ₹275 to ₹290 per share. Applications must have a minimum lot size of 50. Retail investors are required to invest a minimum of ₹14,500. sNII requires a minimum lot size investment of 14 lots (700 shares), or ₹2,03,000, while bNII requires a minimum investment of 69 lots (3,450 shares), or ₹10,500.
The Quadrant Future Tek IPO’s book running lead manager is Sundae Capital Advisors, and the issue’s registrar is Link Intime India Private Ltd.
Quadrant Future Tek IPO Details
| IPO Date | January 7, 2025 to January 9, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹275 to ₹290 per share |
| Lot Size | 50 Shares |
| Total Issue Size | 1,00,00,000 shares (aggregating up to ₹290.00 Cr) |
| Fresh Issue | 1,00,00,000 shares (aggregating up to ₹ 290.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 3,00,00,000 shares |
| Share Holding Post Issue | 4,00,00,000 shares |
Quadrant Future Tek IPO Timeline (Tentative Schedule)
Quadrant Future Tek IPO opens on January 7, 2025, and closes on January 9, 2025.
| 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 |
About Quadrant Future Tek Limited
In order to improve passenger safety and dependability, Quadrant Future Tek Limited was established in September 2015 and creates cutting-edge train control and signaling systems for the Indian Railways’ KAVACH project. Additionally, the corporation operates an Electron Beam Irradiation Center at its specialty cable manufacturing site.
The company manufactures, tests, and develops specialty cables and hardware for the Train Control & Signalling Division at a location in Village Basma, Tehsil Banur, District Mohali.
With products that adhere to stringent Quality Management Systems for specialty cables and meet ISO, IRIS, and TS standards, the company is technology-driven.
The company’s plant in Village Basma, Tehsil Banur, District Mohali, Punjab, is where it designs, tests, and manufactures specialty cables.
The company employed 295 people at its corporate function, Railway Signalling & Embedded System Design center, and manufacturing site as of October 31, 2024.
Key Performance Indicator
The market capitalization of Quadrant Future Tek IPO is Rs 1160.00 Cr.
KPI as of Sun, Mar 31, 2024.
| 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 |
Objects of the Issue (Quadrant Future Tek IPO Objectives)
1. The following items are the intended uses of the net proceeds from the issue, according to the company:
2. Financial support for the company’s long-term working capital needs;
3. Capital expenditures for the creation of an electronic interlocking system;
4. Full or partial repayment of the company’s outstanding working capital term loans;
5. And general business objectives.