Quadrant Future Tek Limited IPO (Quadrant Future Tek IPO) is a book-built issue of Rs 290.00 crores, the issue is entirely fresh issue of 1.00 crore shares.
Quadrant Future Tek Limited IPO Details
Quadrant Future Tek Limited IPO will be available for subscription on January 7, 2025, and will close on January 9, 2025. The allotment for the Quadrant Future Tek Limited IPO is expected to be finalized on Friday, January 10, 2025.
Quadrant Future Tek Limited IPO is set to be listed on both BSE and NSE with a tentative listing date of January 14, 2025.
Quadrant Future Tek IPO price range is ₹275 to ₹290 per share, with a minimum lot size of 50 and retail investor investment of ₹14,500.
Sundae Capital Advisors is the book running lead manager for the Quadrant Future Tek IPO, while Link Intime India Private Ltd serves as the registrar.
Please refer to Quadrant Future Tek IPO RHP for more detailed information.
Quadrant Future Tek Limited IPO Date
Quadrant Future Tek Limited IPO will be available for subscription on January 7, 2025, and will close on January 9, 2025.
IPO Key Dates and Timelines
- 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 Accounts: Monday, January 13, 2025
- Listing Date: Tuesday, January 14, 2025
- Cut-off Time for UPI Mandate Confirmation: 5 PM on January 9, 2025
Quadrant Future Tek Limited IPO Lot Size
Investors can bid for a minimum of 50 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Category | 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 limited financial report
The company’s total assets have steadily increased over the periods. From ₹112.77 million as of March 2022, it grew to ₹149.66 million by September 2024, reflecting a positive growth trend in asset accumulation.
The company’s net worth has increased from ₹15.61 million in March 2022 to ₹34.18 million as of September 2024, although there was a decline from ₹44.11 million (March 2024).
The company experienced a significant decrease in reserves and surplus, dropping from ₹34.11 million in March 2024 to ₹4.18 million in September 2024.
The total borrowings have risen from ₹74 million in March 2023 to ₹98.01 million by September 2024.
| Particulars | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 149.66 | 142.82 | 118.82 | 112.77 |
| Revenue | 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 |
About Quadrant Future Tek Limited
Quadrant Future Tek is research oriented company, engaged in developing new generation Train Control and Signalling Systems that offers the highest level of safety and reliability to rail passengers and also possess an irradiated / E-beam cable manufacturing facility with Electron Beam Irradiation Centre.
The Company offers speciality cables for Railways rolling stock and Naval (Defence)industry. The manufacturing facility of the Company also possess end to end infrastructure capabilities for production of Solar Cables & EV Cables.
The manufacturing operations of the Company are based in Basma, Mohali and Railway Signalling & Embedded System Design centre at Bengaluru, Karnataka and Hyderabad, Telangana.
According to chittorgarh.com, As of October 31, 2024, the company had 295 employees in its manufacturing facility, Railway Signalling & Embedded System Design center, and corporate function.
The company’s manufacturing, testing, research, and development infrastructure facility is located in Village Basma Tehsil Banur, Distt Mohali-140 417, Punjab, India.
The Railway Signalling & Embedded System Design center for Train Control & Signalling Division is situated in Bengaluru, Karnataka, and Hyderabad, Telangana.
Quadrant Future Tek IPO Promoter Holding
The company’s promoters include Mohit Vohra, Amit Dhawan, Amrit Singh Randhawa, Rupinder Singh, Vishesh Abrol, Vivek Abrol, Aikjot Singh, and Rajbir Singh Randhawa.
Shareholding Details:
- Pre-Issue Shareholding: 93.33%
- Post-Issue Shareholding: 70%
Read more IPO details on Digitalmediapoint.com
