- IPO Opening: January 7, 2025.
- Investment Range: ₹14,500 (Retail) to ₹10,00,500 (bHNI).
- Listing Date: January 14, 2025, on BSE and NSE.
- Specialization: Train Control Systems and specialty cables.
- Financial Growth: Strong R&D and diversified capabilities.
Quadrant Future Tek Limited is set to launch its Initial Public Offering (IPO), offering ₹290 crores through a 100% fresh issue of 1 crore shares. The IPO opens on January 7, 2025, and closes on January 9, 2025, with shares expected to be listed on the BSE and NSE on January 14, 2025. Here’s a detailed breakdown of the key details.
Quadrant Future Tek IPO Details at a Glance
| IPO Date | January 7, 2025 – January 9, 2025 |
|---|---|
| Face Value | ₹10 per share |
| Price Band | ₹275 to ₹290 per share |
| Lot Size | 50 Shares |
| Total Issue Size | 1,00,00,000 shares (₹290.00 Cr) |
| Fresh Issue | 1,00,00,000 shares (₹290.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Pre-Issue Shareholding | 3,00,00,000 shares |
| Post-Issue Shareholding | 4,00,00,000 shares |
Quadrant Future Tek IPO Timeline (Tentative)
| Event | Date |
|---|---|
| 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 to Demat | Monday, January 13, 2025 |
| Listing Date | Tuesday, January 14, 2025 |
| UPI Mandate Cut-Off | 5 PM on January 9, 2025 |
Quadrant Future Tek Investment Details
| Category | Lots | Shares | Investment 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 Reservation Details
| Investor Category | Shares Offered |
|---|---|
| QIB (Qualified Institutional Buyers) | At least 75% of Net Issue |
| Retail Investors | Up to 10% of Net Issue |
| NII (Non-Institutional Investors) | Up to 15% of Net Issue |
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About Quadrant Future Tek Limited
Incorporated in September 2015, Quadrant Future Tek Limited specializes in advanced Train Control and Signaling Systems under the KAVACH project for Indian Railways. The company also produces speciality cables at its Mohali-based facility, catering to sectors like Railways, Naval Defence, Renewable Energy, and Electric Vehicles.
Competitive Strengths:
- Expertise in Automatic Train Protection Systems.
- Exclusive MoU with RailTel for KAVACH project opportunities.
- Advanced in-house design and manufacturing capabilities.
- Adherence to ISO, IRIS, and TS standards for quality.
Objectives of the IPO
Quadrant Future Tek plans to utilize the IPO proceeds for the following purposes:
- Working Capital: Addressing long-term working capital requirements for projects.
- Product Development: Advancing Electronic Interlocking Systems for railways.
- Debt Repayment: Repaying existing working capital loans.
- General Corporate Needs: Supporting ongoing operational activities and future growth.
Financial Highlights
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | ₹149.66 Cr | ₹142.82 Cr | ₹118.82 Cr | ₹112.77 Cr |
| Revenue | ₹65.14 Cr | ₹151.82 Cr | ₹152.95 Cr | ₹104.29 Cr |
| PAT | ₹-12.11 Cr | ₹14.71 Cr | ₹13.90 Cr | ₹1.94 Cr |
| Net Worth | ₹34.18 Cr | ₹44.11 Cr | ₹29.42 Cr | ₹15.61 Cr |
Disclaimer: The information provided in this article is for informational purposes only and does not constitute financial advice or an endorsement of any IPO or investment opportunity. While we strive to ensure the accuracy of the details shared, the content is based on publicly available information, research, and reports from credible sources. Readers are advised to verify the details independently and consult with a financial advisor before making any investment decisions.Stay informed and exercise caution while making financial decisions.
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