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Quadrant Future Tek IPO is a book build issue of ₹290.00 crores. The issue is entirely a fresh issue of 1.00 crore shares of ₹290.00 crore.
Quadrant Future Tek IPO bidding started from Jan 7, 2025 and ended on Jan 9, 2025. The allotment for Quadrant Future Tek IPO was finalized on Jan 10, 2025. The shares got listed on BSE, NSE on Jan 14, 2025.
Quadrant Future Tek IPO price band is set at ₹290.00 per share . The lot size for an application is 50. The minimum amount of investment required by an retail is ₹14,500 (50 shares) (based on upper price). The lot size investment for sNII is 14 lots (700 shares), amounting to ₹2,03,000, and for bNII, it is 69 lots (3,450 shares), amounting to ₹10,00,500.
Sundae Capital Advisors Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Quadrant Future Tek IPO RHP for detailed Information.
| IPO Date | January 7, 2025 to January 9, 2025 |
| Listing Date | January 14, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹275 to ₹290 per share |
| Issue Price Final | ₹290 per share |
| Lot Size | 50 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 1,00,00,000 shares (aggregating up to ₹290.00 Cr) |
| Issue Type | Bookbuilding 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 offers total 1,00,00,000 shares. Out of which 75,00,000 (75.00%) allocated to QIB, 30,00,000 (30.00%) allocated to QIB (Ex- Anchor), 15,00,000 (15.00%) allocated to NII, 10,00,000 (10.00%) allocated to RII and 45,00,000 (45.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 75,00,000 (75.00%) | NA |
| − Anchor Investor Shares Offered | 45,00,000 (45.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 30,00,000 (30.00%) | NA |
| NII (HNI) Shares Offered | 15,00,000 (15.00%) | NA |
| − bNII > ₹10L | 10,00,000 (10.00%) | 1,428 |
| − sNII < ₹10L | 5,00,000 (5.00%) | 714 |
| Retail Shares Offered | 10,00,000 (10.00%) | 20,000 |
| Total Shares Offered | 1,00,00,000 (100.00%) |
Quadrant Future Tek IPO raises ₹130.50 crore from anchor investors. Quadrant Future Tek IPO Anchor bid date is January 6, 2025. Quadrant Future Tek IPO Anchor Investors list
| Bid Date | January 6, 2025 |
| Shares Offered | 45,00,000 |
| Anchor Portion Size (In Cr.) | 130.50 |
| Anchor lock-in period end date for 50% shares (30 Days) | February 8, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | April 9, 2025 |
Quadrant Future Tek IPO opens on January 7, 2025, and closes on January 9, 2025.
| IPO Open Date | Tue, Jan 7, 2025 |
| IPO Close Date | Thu, Jan 9, 2025 |
| Tentative Allotment | Fri, Jan 10, 2025 |
| Initiation of Refunds | Mon, Jan 13, 2025 |
| Credit of Shares to Demat | Mon, Jan 13, 2025 |
| Tentative Listing Date | Tue, Jan 14, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Jan 9, 2025 |
Investors can bid for a minimum of 50 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 50 | ₹14,500 |
| Retail (Max) | 13 | 650 | ₹1,88,500 |
| S-HNI (Min) | 14 | 700 | ₹2,03,000 |
| S-HNI (Max) | 68 | 3,400 | ₹9,86,000 |
| B-HNI (Min) | 69 | 3,450 | ₹10,00,500 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Quadrant Future Tek Limited, incorporated in September 2015, develops next-generation Train Control and Signaling Systems for the Indian Railways' KAVACH project, enhancing safety and reliability for passengers. The company also has a speciality cable manufacturing facility with an Electron Beam Irradiation Centre.
The company has a facility in Village Basma, Tehsil Banur, Distt Mohali, for manufacturing, testing, and developing speciality cables and hardware for the Train Control & Signalling Division.
The company is technology-driven, with products that meet ISO, IRIS, and TS standards and follow strict Quality Management Systems for speciality cables.
The company manufactures, tests, and develops speciality cables at its Village Basma, Tehsil Banur facility, District Mohali, Punjab.
As of October 31, 2024, the company had 295 employees at its manufacturing facility, Railway Signalling & Embedded System Design centre and corporate function.
Competitive Strength:
Quadrant Future Tek Limited's revenue decreased by -1% and profit after tax (PAT) rose by 6% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 149.66 | 142.82 | 118.82 | 112.77 |
| Total Income | 65.14 | 151.82 | 152.95 | 104.29 |
| Profit After Tax | -12.11 | 14.71 | 13.9 | 1.94 |
| Net Worth | 34.18 | 44.11 | 29.42 | 15.61 |
| Reserves and Surplus | 4.18 | 34.11 | 19.42 | 5.61 |
| Total Borrowing | 98.01 | 81.61 | 74 | 80.68 |
| Amount in ₹ Crore | ||||
The market capitalization of Quadrant Future Tek IPO is ₹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 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 4.90 | -6.05 |
| P/E (x) | 59.13 | -47.91 |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
[Dilip Davda] The company is engaged in developing research based new generation train control and signaling systems under “Kavach”. After posting average performance for FY22, it marked almost static top lines for FY23 and FY24, with boosted profits. Surprisingly, it marked loss for H1-FY25 leading to a negative P/E for its IPO price. Based on FY24 earnings, the issue appears exorbitantly priced. There is no harm in skipping this pricey and “High Risk/Low Return” bet. Read detail review...
| Listing Date | January 14, 2025 |
| BSE Script Code | 544336 |
| NSE Symbol | QUADFUTURE |
| ISIN | INE0LRY01011 |
| Final Issue Price | ₹290 per share |
| NSE Listing Group | EQ (Rolling) |
| BSE Listing Group | B |
Quadrant Future Tek Ltd.
Village Basma,
Tehsil
Banur,
Mohali, Punjab, 140417
Phone: +91 172 402 0228
Email: cs_qftl@quadrantfuturetek.com
Website: https://www.quadrantfuturetek.com/
MUFG Intime India Pvt.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 is a main-board IPO of 1,00,00,000 equity shares of the face value of ₹10 aggregating up to ₹290.00 Crores. The issue is priced at ₹290 per share. The minimum order quantity is 50.
The IPO opens on January 7, 2025, and closes on January 9, 2025.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Quadrant Future Tek IPO using UPI as a payment gateway. Zerodha customers can apply in Quadrant Future Tek IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Quadrant Future Tek IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Quadrant Future Tek IPO opens on January 7, 2025 and closes on January 9, 2025.
Quadrant Future Tek IPO lot size is 50, and the minimum amount required for application is ₹14,500.
You can apply in Quadrant Future Tek IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Quadrant Future Tek IPO will be done on Friday, January 10, 2025, and the allotted shares will be credited to your demat account by Monday, January 13, 2025. Check the Quadrant Future Tek IPO allotment status.
The Quadrant Future Tek IPO listing date is on Tuesday, January 14, 2025.
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