QUADRANT FUTURE TEK LIMITED
₹ 275 - ₹ 290
07-Jan-2025 - 09-Jan-2025
₹ 14500.00

/ 50 Shares

QUADRANT FUTURE TEK LIMITED

07-Jan-2025 - 09-Jan-2025

₹ 275 - ₹ 290

Price Band

₹ 14500.00

Minimum Investment

50

Bid Lot

10,000,000

Shares

IPO Details

Fresh Issue of Equity Shares aggregating to Rs. 290 Cr

Category % Shares/Amount
QIB 75% 7,500,000 Shares RS.217.50 CR
HNI 1 5% 500,000 Shares RS.14.50 CR @ 714 FORM 1X
HNI 2 10% 1,000,000 Shares RS.29.00 CR @ 1429 FORM 1X
Retail 10% 1,000,000 Shares RS.29.00 CR @ 20000 FORM 1X

BRLMs: Sundae Capital Advisors Pvt. Ltd

Application Require for 1 Time

Retail (Upto 2 Lakh) HNI (2 Lakh to 10 Lakh) HNI (Above 10 Lakh)
20000 FORM 1X 714 FORM 1X 1429 FORM 1X

IPO Lot Size

Category Lots Shares Amount
Retail (Upto 2 Lakh) 1 50 ₹ 14,500
Retail (Upto 2 Lakh) 13 650 ₹ 188,500
S-HNI (2 Lakh to 10 Lakh) 14 700 ₹ 203,000
S-HNI (2 Lakh to 10 Lakh) 68 3400 ₹ 986,000
B-HNI (Above 10 Lakh) 69 3450 ₹ 1,000,500

IPO Timeline

  • Open Date

    07-Jan-2025

  • Close Date

    09-Jan-2025

  • Basis of Allotment Date

    10-Jan-2025

  • Initiation of Refunds

    13-Jan-2025

  • Credit Shares to Demat A/c

    13-Jan-2025

  • IPO Listing Date

    14-Jan-2025

About Company

  • The Company was incorporated as ‘Quadrant Cables Pvt.  Ltd’ on September 18, 2015, at Mohali, Punjab. The name of the company was changed to ‘Quadrant Future Tek Pvt. Ltd’, in October 2021 and subsequently changed to ‘Quadrant Future Tek Limited’ on conversion to a public limited company.
  • Quadrant is engaged in the business of manufacturing of speciality cables and design, development & manufacturing of embedded systems for railway signalling & train control applications.
  • The company engaged in developing new generation Train Control and Signalling Systems under KAVACH project of the Indian Railways. The Company has received a purchase order from Chittaranjan Locomotive Works for supply, installation, testing and commissioning of On-board Kavach equipment in 1,200 locomotives for an aggregate value of ? 978.61 Cr.
  • The Company has been awarded technical clearance for deployment of its KAVACH system for installation at 5 railway stations, 10 trains / locomotives and 5 units of Remote Interface Units.
  • The company has entered into an exclusive MOU with RailTel for delivering the specific targeted opportunities related to KAVACH in Indian Railways and other Countries Railways.
  • For the Train Control & Signalling division, the Company had an installed capacity of 4,492 Station TCAS, 2,264 Locomotive TCAS and 3,744 Remote Interface Units.
  • The speciality cables manufactured by the Company are used in Railways rolling stock and Naval (Defence) industry. The company’s facility also possesses end-to-end infrastructure capabilities for the production of Solar & EV Cables.
  • The company’s manufacturing operations are situated in Basma, Mohali, Punjab, with a dedicated Production floor area of ~60,000 sq. ft. The company’s manufacturing facility is accredited with quality management system certificates for compliance with ISO 9001:2015, 14001:2015 and 9001:2015 requirements.
  • The company’s Railway Signalling & Embedded System Design centre is located in Bengaluru and Hyderabad. The Railway Signalling & Embedded System Design is working towards development of Train Collision Avoidance System and Electronic Interlocking System under KAVACH.
  • The company’s revenue from operations increased from ? 104.26 Cr in FY 2022 to ? 1,51.82 Cr in FY2024, at a CAGR of 20.65%. The company’s EBITDA margins improved from 9.12% in FY2022 to 24.15% in FY2024, while Profit after Tax increased from ? 1.89 Cr in FY2022 to ? 14.69 Cr. For 6 months ended September 30th, 2024, the company reported Revenue from Operations of ? 65.14 Cr, EBITDA margins of 1.25% and Profit /(Loss) after Tax of ? (12.01 Cr).
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Strengths

Competitive Strength 

  • Innovation and technological development undertaken by the Company for building Automatic Train Protection Systems
  • Entered into an exclusive Memorandum of Understanding with RailTel for delivering the specific targeted opportunities related to KAVACH in Indian Railways and other Countries Railways
  • Have in-house design and product development capabilities powering the Rail Signalling Products & Solutions
  • Unique technology for the manufacture of cables that meets the stringent requirements for multiple industries, namely Railways, Naval Defence, Renewable Energy & Electric Vehicle sectors
  • Advanced manufacturing facilities with a diverse range of power and control cables with focus on innovation and cost competitiveness
  • Global emergence of market for Speciality cables in renewable energy and electric vehicles and supply of such Speciality cables to OEMs with high global market penetration
  • Experienced Promoters and senior management team

 Business Strategies 

  • To continue focus on new products through constant research and development
  • Make in India and focus on indigenisation
  • Expansion of business to other areas of Automatic Train Protection and railway safety
  • Continue to grow share of business from non-promoter group companies
  • Expansion of cable business in new sectors

Company Promoters

Company Financials

Quadrant Future Tek Limited's revenue decreased by -1% and profit after tax (PAT) rose by 6% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended 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
Amount in ? Crore

Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

  1. Funding long-term working capital requirements of the Company;
  2. Capital expenditure for the development of Electronic Interlocking System;
  3. Prepayment or repayment of all or a portion of outstanding working capital term loan availed by the Company; and
  4. General corporate purposes.

How to Apply

Apply for IPO in few simple steps.

  • Step 01 :

    Once you create your account, Login to InvestoYard.

  • Step 02 :

    Under IPO Section, you will be able to see a list of Ongoing IPOs, where you can click on apply button.

  • Step 03 :

    Add quantity of shares to apply – Maximum 3 bids are allowed (For retail category – max amount Rs.2,00,000/-).

  • Step 04 :

    Enter your UPI ID and you will receive mandate on your UPI App.

  • Step 05 :

    Once you accept the mandate, Application is submitted successful.

  • Applying for an IPO is easier than ever with InvestoYard, in just a few clicks your application is processed. You can bid for any IPO through InvestoYard, the bidding process is simple and hassle free. Every company has a lot size decided & you can buy in multiples of the decided lot.
  • If lot size is 15, then you have to bid for multiples of 15 share like 30,45,60 and so on.
  • The maximum subscription amount for retail investors is 2 lakh.
  • Any bid can be at a desired price or cut off price given by the company.

  • Enter the number of shares you wish to buy, as per the lot size.
  • You can apply at the cut off price set by the company or bid for a desired amount within the price band.
  • Maximum three bids will be accepted.
  • You then need to enter the UPI ID on InvestoYard’s IPO application form.

  • You will immediately get a fund blocked request on your UPI for the submitted IPO application.
  • The funds will be blocked in your bank account until allotment when it is debited.
  • The limit for IPO application is Rs 2 lakh per transaction on UPI.
  • On allotment of the shares, the money will be automatically debited.
  • If the share aren’t allotted the blocked funds will reflect back into your account.

Frequently Asked Questions

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