Bookbuilding IPO | ₹290 Cr | Listed at BSE, NSE | Tue, Jan 7, 2025 - Thu, Jan 9, 2025
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 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 Open
Tue, Jan 7, 2025
IPO Close
Thu, Jan 9, 2025
Issue Price
₹290 per share
Market Cap (Pre-IPO)
₹1,160.00 Cr
| IPO Date | 7 to 9 Jan, 2025 |
| Listed on | Tue, Jan 14, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹275 to ₹290 |
| Issue Price | ₹290 per share |
| Lot Size | 50 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,00,00,000 shares (agg. up to ₹290 Cr) |
| Fresh Issue | 1,00,00,000 shares (agg. up to ₹290 Cr) |
| Share Holding Pre Issue | 3,00,00,000 shares |
| Share Holding Post Issue | 4,00,00,000 shares |
| BSE Script Code / NSE Symbol | 544336 / QUADFUTURE |
| ISIN | INE0LRY01011 |
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 | Max 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%) |
Investors can bid for a minimum of 50 shares and in multiples thereof.
| 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 |
Quadrant Future Tek IPO raises ₹130.50 crore from anchor investors. Quadrant Future Tek IPO Anchor bid date is January 6, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Jan 6, 2025 |
| Shares Offered | 45,00,000 |
| Anchor Portion (₹ Cr.) | 130.50 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sat, Feb 8, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Wed, Apr 9, 2025 |
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:
| 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 | 13.90 | 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 | 74.00 | 80.68 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding long-term working capital requirements of the Company; | 149.72 |
| 2 | Capital expenditure for development for Electronic Interlocking System; | 24.38 |
| 3 | Prepayment or repayment of all or a portion of outstanding working capital term loan availed by our Company; and | 23.62 |
| 4 | General corporate purposes. | 63.06 |
| KPI | Mar 31, 2024 |
|---|---|
| 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 (₹) | 4.90 | -ve |
| P/E (x) | 59.13 | -ve |
| Promoter Holding | 93.33% | 70% |
| Market Cap | ₹1,160.00 Cr. |
The Quadrant Future Tek IPO is subscribed 195.96 times on January 9, 2025 6:19:08 PM (Day 3). The public issue subscribed 256.46 times in the retail category, 139.77 times in the QIB category, and 268.03 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 139.77 | 30,00,000 | 41,93,10,850 |
| NII | 268.03 | 15,00,000 | 40,20,38,350 |
| bNII (bids above ₹10L) | 274.25 | 10,00,000 | 27,42,52,100 |
| sNII (bids below ₹10L) | 255.57 | 5,00,000 | 12,77,86,250 |
| Retail | 256.46 | 10,00,000 | 25,64,57,450 |
| Total | 195.96 | 55,00,000 | 1,07,78,06,650 |
Total Application : 44,19,572
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLM fees and commission (including underwriting commission) | 15.49 |
| 2 | Brokerage, selling commission, bidding charges, processing fees for the Members of the Syndicate, Registered Brokers, SCSBs, RTAs and CDPs | 4.06 |
| 3 | Fees payable to Registrar to the Issue | 0.31 |
| 4 | Fees payable to SANMARKS & Associates, Chartered Accountants, in their capacity as the Statutory Auditor, in respect of the Restated Financial Information and the Statement of Possible Special Tax Benefits and the certificates issued by them in connection with the Issue | 0.14 |
| 5 | Fees payable to Sapient Services Private Limited, Independent Chartered Engineer, in relation to the issuance of the capacity utilisation certificate prepared and issued in connection with the Issue | 0.09 |
| 6 | Fees payable to MASD & Co. LLP * Bilimoria Mehta & Co., Independent Chartered Accountant, in relation to the issuance of various certificates issued by them in connection with the Issue | 0.12 |
| 7 | Fees payable to CARE Analytics and Advisory Private Limited, in relation to the commissioning and issue of their report on the Industry in which the Company operates | 0.28 |
| 8 | Listing fees, SEBI Fees, upload fees, NSE and BSE processing fees, book building software fees and other regulatory expenses | 4.76 |
| 9 | Printing and Stationery expenses | 0.73 |
| 10 | Advertising and Marketing expenses | 1.97 |
| 11 | Fees payable to Legal Advisors to the Issue | 0.25 |
| 12 | Miscellaneous | 1.03 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹290.00 | ₹290.00 |
| Open | ₹374.00 | ₹370.00 |
| Low | ₹367.00 | ₹362.10 |
| High | ₹448.75 | ₹444.00 |
| Last Trade | ₹448.75 | ₹444.00 |
Lead Manager Reports
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 Crores. The issue is priced at ₹290 per share. The minimum order quantity is 50.
The IPO opens on Tue, Jan 7, 2025, and closes on Thu, Jan 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 Tue, Jan 7, 2025 and closes on Thu, Jan 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 Mon, Jan 13, 2025. Check the Quadrant Future Tek IPO allotment status.
The Quadrant Future Tek IPO listing date is on Tue, Jan 14, 2025.
