Quadrant Future Tek IPO (Quadrant Future Tek Limited IPO)
Quadrant Future Tek IPO open for bidding on 7th January 2024 and ends on 9th January 2024.
Quadrant Future Tek Limited specializes in providing cutting-edge solutions in the specialty cables and railway automation systems industry. With a strong emphasis on innovative technologies, the company manufactures electron beam irradiated cables, essential for critical applications requiring superior durability and performance. The company is also a leader in Train Collision Avoidance Systems (TCAS), aligning with the government’s “Make in India” initiative.
Incorporated in 2015, the company initially focused on cable solutions but later expanded its portfolio to include railway signaling technologies such as Electronic Interlocking Systems and Automatic Train Protection (ATP) systems. These advancements cater to the rapidly growing demand for safe and efficient railway networks.
The company’s state-of-the-art manufacturing facilities are located in Mohali, Punjab, equipped with advanced machinery to ensure compliance with international standards such as IEC and IRIS. With a strong emphasis on research and development, Quadrant Future Tek continually innovates to remain at the forefront of the industry.
For more details refer to Quadrant Future Tek IPO RHP and Quadrant Future Tek IPO Pulse Score
Quadrant Future Tek IPO Details
| IPO Date | 7th January 2024 to 9th January 2024 |
| Listing Date | 14th January 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹275 to ₹290 per share |
| Lot Size | 50 Shares |
| Total Issue Size | 1,02,99,999 shares (aggregating up to ₹290.00 Cr) |
| Fresh Issue | 1,02,99,999 shares (aggregating up to ₹290.00 Cr) |
| Issue Type | Book Built Issue IPO |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor | 45,00,000(43.7%) |
| QIB | 31,63,636(30.7%) |
| NII | 15,81,818(15.4%) |
| bNII | 10,54,546(10.2%) |
| sNII | 5,27,272(5.1%) |
| Retail | 10,54,545(10.2%) |
| Total | 1,02,99,999(100%) |
Quadrant Future Tek IPO Timeline
| IPO Open | 7th January 2025 |
| IPO Close | 9th January 2025 |
| Basis Of Allotment | 10th January 2025 |
| Initiation of Refunds | 13th January 2025 |
| Credit of Shares to Demat | 13th January 2025 |
| Listing Date | 14th January 2025 |
Fundamentals
Data as of 30th September 2024
| Market Cap | ₹1,160.00 Cr | P/E Ratio- Pre IPO | 59.13 |
| RoNW* | -37.45% | P/E Ratio- Post IPO | -47.91 |
| RoCE* | -10.34% | P/B Ratio | 19.73 |
| Debt to Equity | 3.05 | PAT Margin | -18.50% |
Note: P/E Ratio -Pre IPO is calculated based on Pre-issue Shareholding and FY Earnings of March 2024. P/E Ratio- Post IPO is calculated based on post-issue shareholding and annualized FY earnings for September 2024. RoCE and RoNW are for six-month period ended September 30, 2024
Quadrant Future Tek IPO Objectives
The company proposes to utilize the Net Proceeds towards the funding of the following objects:
- Funding long-term working capital requirements of the Company (Specialty Cable Division)
- 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.
- Quadrant Future Tek IPO Subscription Status
- Quadrant Future Tek IPO Allotment Status
- Quadrant Future Tek IPO Reviews
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