Quadrant Future Tek Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹275 - ₹290
- Lot size
- 50 shares
- Issue amount
- ₹290 cr
- Total subscription
- 186.9×
- Opens
- 7 Jan 2025
- Closes
- 9 Jan 2025
- Allotment
- 10 Jan 2025
- Listing
- 14 Jan 2025
Offer at a glance
Issue overview
- Issue size
- 1,00,00,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹13,750
- Fresh issue
- ₹290 cr
- Offer for sale
- ₹0 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,500
- Issue type
- Bookbuilding IPO
- Shares before issue
- 3,00,00,000
- Shares after issue
- 4,00,00,000
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail | 1 | 50 | ₹14,500 |
| sHNI | 14 | 700 | ₹2,03,000 |
| bHNI | 14 | 700 | ₹2,03,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| RETAIL | 20,000 | 52,08,255 |
| HNIs(10L +) | 1,429 | 3,91,789 |
| HNIs (2-10L) | 714 | 1,83,795 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 87 | 12,160.01 |
| RETAIL | 29 | 7,551.97 |
| HNIs 2+ | 14.5 | 3,731.05 |
| HNIs 10+ | 29 | 7,953.31 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Sep-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | -4.02 | 4.9 | 4.61 |
| ROE | -37.45 | 33.41 | 47.03 |
| ROCE | -10.34 | 26.12 | 27.2 |
| RONW | -37.45 | 33.41 | 47.03 |
| PRE IPO (PE) | 0 | 59.13 | 0 |
| POST IPO (PE) | 0 | 0 | -47.91 |
Values and labels as reported in the issue data.
Company information
Company profile
Quadrant Future Tek Limited, established in September 2015, focuses on creating advanced Train Control and Signaling Systems for the Indian Railways' KAVACH project, ensuring safer and more reliable travel for passengers. The company also runs a state-of-the-art cable manufacturing facility in Basma, Mohali, Punjab, equipped with an Electron Beam Irradiation Centre. This facility specializes in producing and testing high-quality cables and hardware for their Train Control & Signaling Division. Committed to innovation and quality, Quadrant Future Tek follows ISO, IRIS, and TS standards with strict Quality Management Systems. As of October 31, 2024, the company proudly employs 295 people across its manufacturing unit, design center for railway signaling and embedded systems, and corporate offices.
Strengths
- Innovation in Train Safety Systems: Skilled in creating cutting-edge technologies like KAVACH to improve railway safety and efficiency.
- Strategic Collaboration: Partnered exclusively with RailTel to explore key opportunities in railway signaling in India and beyond.
- In-House Expertise: Strong ability to design and develop tailored rail signaling products and solutions to meet diverse needs.
Risk factors
- Litigation and Governance Risks: Past disagreements among the company’s founders and the possibility of future conflicts could negatively impact its growth and day-to-day operations.
- Regulatory Compliance Issues: The company has applied for a settlement with SEBI regarding delays in following certain regulations. If the decision doesn’t go in its favor, it could harm its reputation and operations.
- Single Manufacturing Facility Dependency: Relying on just one production facility means that any disruptions there could significantly affect the company’s financial health and performance.
Promoters
Mohit Vohra
Amit Dhawan
Amrit Singh Randhawa
Rupinder Singh
Vishesh Abrol
Vivek Abrol
Aikjot Singh
Rajbir Singh Randhawa
Registrar & documents
Lead manager
Sundae Capital Advisors
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Village Basma Tehsil Banur, Distt Mohali - 140417
+91 172 402 0228
[email protected]Company website ↗Understanding QUADFUTURE IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.