Quadrant Future Tek Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 7,500,000 (75%) | — | ₹21,750 Cr |
| NII (HNI) | — | 1,500,000 (15%) | — | ₹4,350 Cr |
| Retail | — | 1,000,000 (10%) | — | ₹2,900 Cr |
| Σ Total | — | 10,000,000 (100%) | — | ₹290,000 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 50 | ₹14,500 |
| Retail (Max) | 13 | 650 | ₹188,500 |
| S-HNI (Min) | 14 | 700 | ₹203,000 |
| B-HNI (Min) | 67 | 3,350 | ₹971,500 |
Financial Statements Amount in ₹ Crore
| Metric | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue | 65 | 152 | 153 |
| Profit After Tax | -12 | 15 | 14 |
| Net Worth | 34 | 44 | 29 |
| Total Assets | 150 | 143 | 119 |
| Reserves & Surplus | 4 | 34 | 19 |
| Total Borrowing | 98 | 82 | 74 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 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. –
Company Overview
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:
- The Company is engaged in the innovation and technological development of Automatic Train Protection Systems.
- Entered an exclusive Memorandum of Understanding with RailTel to pursue KAVACH opportunities in Indian Railways and other countries' railways.
- In-house design and product development capabilities powering our Rail Signalling Products & Solutions.
- Advanced cable manufacturing technology that meets strict standards for Railways, Naval Defence, Renewable Energy, and Electric Vehicle sectors.
- Advanced manufacturing facilities with a diverse range of power and control cables with a focus on innovation and cost competitiveness.