Quadrant Future Tek IPO: Check IPO Date, Live Subscription and Key Details
A Quadrant Future Tek Limited established in the year 2015 next-generation Train Control and Signaling Systems provider to KAVACH by Indian Railways for high security along with reliability toward its esteemed passengers. Company also produces specialty cables for clients of all over world; advanced production facility comes in hand with Electron Beam Irradiation Centre for any work.
Price Range
₹275.0 - ₹290.0
Issue Size
290
Lot Size
50 shares
IPO Type
Mainboard
GMP
₹120(+41.38%)
Est. Listing Price
₹410
Invisible
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Invisible
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Key Metrics
Check Live GMP
Face Value
₹10
EPS
-6.05
P/E Ratio
-47.91
RoNW
33.41%
ROE
33.41%
Debt to Equity
1.86
Timeline
IPO Opens
7 Jan
IPO Closes
9 Jan
Allotment
10 Jan
Listing
14 Jan
IPO Timeline & Listing Details
| Event | Date | Details |
|---|---|---|
| IPO Open Date | 7 January 2025 | Subscription starts |
| IPO Close Date | 9 January 2025 | Subscription ends |
| Allotment Date | 10 January 2025 | Allotment |
| Listing Date | 14 January 2025 | Listing |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Retail (Min) | 1 | ₹14,500 |
Retail (Max)Just less than ₹2,00,000 | 13 | ₹1,88,500 |
SHNI (Min)Just above ₹2,00,000 | 14 | ₹2,03,000 |
SHNI (Max)Below ₹10,00,000 | 68 | ₹9,86,000 |
BHNIAbove ₹10,00,000 | 69 | ₹10,00,500 |
IPO Objectives
- Funding long-term working capital requirements of the Company
- Capital expenditure for the development of Electronic Interlocking System
- Prepayment or repayment of all or a portion of outstanding working capital term loan availed by the Company
- General corporate purposes.
Strengths
- Innovates train protection systems like KAVACH for India's railways.
- Specialises in E-beam cables for railways and naval ships.
- Strong partnerships drive global railway system growth.
- Exclusive MoU with RailTel aids international market expansion.
Weaknesses
- Single manufacturing facility dependency risks severe production disruptions.
- Internal disputes among promoters risk future operational disruptions.
Financial Performance
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets (₹ Cr.) | 149.66 | 142.82 | 118.82 | 112.77 |
| Revenue (₹ Cr.) | 65.14 | 151.82 | 152.95 | 104.29 |
| PAT (₹ Cr.) | -12.11 | 14.71 | 13.9 | 1.94 |
| Net Worth (₹ Cr.) | 34.18 | 44.11 | 29.42 | 15.61 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Quadrant Future | 25.5 | -47.91 | 33.4% | 152 |
| Kernex Microsystems | 19.8 | -218.22 | -9.11% | 106 |
| HBL Engineering | 12.6 | 41.3 | 27.7% | 2,250 |
Subscription Details
Daily Bids Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0.04x | 0.48x | 139.77x |
| NII | 9.77x | 92.08x | 268.03x |
| S-HNI | 13.1x | 111.18x | 255.58x |
| B-HNI | 8.1x | 82.53x | 274.25x |
| RII | 26.72x | 145.42x | 256.32x |
| Total | 7.54x | 51.82x | 195.94x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 30,00,000 | 41,93,10,850 | 12,160.01 |
| NII | 15,00,000 | 40,20,40,100 | 11,659.16 |
| Small NII | 5,00,000 | 12,77,88,000 | 3,705.85 |
| Big NII | 10,00,000 | 27,42,52,100 | 7,953.31 |
| RII | 10,00,000 | 25,63,24,650 | 7,433.41 |
| Total | 55,00,000 | 1,07,76,75,600 | 31,252.59 |
Company Details
- Quadrant Future Tek Limited
- Village Basma Tehsil Banur, Distt Mohali - 140417
- +91 172 402 0228
- cs_qftl@quadrantfuturetek.com
- https://www.quadrantfuturetek.com/
Registrar Details
- Link Intime India Private Ltd
- +91-22-4918 6270
- quadrant.ipo@linkintime.co.in
- https://linkintime.co.in/initial_offer/public-issues.html