Quadrant Future Tek IPO Date Review Price and Allotment Details
The Quadrant Future Tek IPO is one of the most anticipated public offerings, set to hit the market in early 2025. This IPO has been designed as a Book Built Issue, aiming to raise approximately ₹290 crores, which includes a fresh issue of ₹290 crores and an offer for sale of equity shares with a face value of ₹10 each. Here’s a comprehensive breakdown of the IPO details, financial performance, and everything you need to know about Quadrant Future Tek’s public offering.
Quadrant Future Tek IPO Key Dates
- IPO Open Date: January 7, 2025
- IPO Close Date: January 9, 2025
- Allotment Date: January 10, 2025
- Refunds: January 13, 2025
- Credit to Demat Account: January 13, 2025
- IPO Listing Date: January 14, 2025
IPO Details
- Face Value: ₹10 per equity share
- Price Band: ₹[.] to ₹[.] per share
- Issue Size: ₹290 crores (approximate)
- Issue Type: Book Built Issue
- Listing: BSE & NSE
- Retail Investor Quota: 10%
- QIB Quota: 75%
- HNI Quota: 15%
Market Lot Information
The market lot and application amounts for various investor categories are outlined below:
- Retail Investors: Minimum 1 lot, maximum 13 lots
- S-HNI Investors: Minimum 14 lots
- B-HNI Investors: Minimum 68 lots
Financial Highlights
Quadrant Future Tek has shown consistent growth over the years. Below is a summary of its financial performance:
| Period | Revenue (₹ Cr) | Expense (₹ Cr) | Profit After Tax (₹ Cr) | Assets (₹ Cr) |
|---|---|---|---|---|
| FY2021 | 72.89 | 67.03 | 4.81 | 58.69 |
| FY2022 | 104.29 | 101.34 | 1.94 | 112.77 |
| FY2023 | 152.95 | 133.01 | 13.90 | 118.82 |
| FY2024 | 151.82 | 129.94 | 14.71 | 142.82 |
| September 2024 | 65.14 | 77.63 | 12.12 | 149.66 |
The company has consistently improved its profitability, with PAT (Profit After Tax) increasing from ₹13.90 crores in FY2023 to ₹14.71 crores in FY2024.
Valuation Metrics
The valuation metrics indicate strong financial health and growth potential:
- ROE: 33.41%
- ROCE: 26.12%
- EBITDA Margin: 24.15%
- PAT Margin: 9.68%
- Debt-to-Equity Ratio: 1.86
- EPS (Basic): ₹4.90
- Net Asset Value (NAV): ₹14.70
Promoters
Quadrant Future Tek is promoted by a group of experienced individuals, including Mohit Vohra, Amit Dhawan, Amrit Singh Randhawa, Rupinder Singh, Vishesh Abrol, Vivek Abrol, Aikjot Singh, and Rajbir Singh Randhawa.
About Quadrant Future Tek
Established in 2015, Quadrant Future Tek is at the forefront of developing cutting-edge systems for train operations. The company’s innovations, such as railway signaling systems and embedded designs for train control, enhance safety and efficiency. Key projects include train collision avoidance systems and electronic interlocking systems under the KAVACH initiative. Additionally, it manufactures specialized cables for the railway and defense sectors, focusing on durability and fire resistance.
Objects of the Issue
The funds raised through the IPO will be utilized for:
- Long-term working capital requirements.
- Capital expenditure for the development of an Electronic Interlocking System.
- Repayment of outstanding loans.
- General corporate purposes.
Peer Comparison
Quadrant Future Tek stands strong when compared to its peers in the market:
| Company | EPS | PE Ratio | RoNW (%) | NAV | Income (₹ Cr) |
|---|---|---|---|---|---|
| Kernex Micro Systems Ltd. | (16.61) | NA | (24.16%) | 63.61 | 19.60 |
| HBL Power Systems Ltd. | 10.07 | 61.59 | 22.87% | 44.03 | 22,333.55 |
| Apar Industries Ltd. | 212.10 | 49.11 | 20.80% | 965.01 | 16,152.98 |
| Polycab India Ltd. | 118.93 | 64.85 | 21.90% | 544.95 | 18,039.44 |
How to Apply for the IPO
Investors can apply for the Quadrant Future Tek IPO through ASBA (Application Supported by Blocked Amount) via their bank accounts or UPI-enabled platforms. Offline applications can also be submitted through stockbrokers.
Company Address
Quadrant Future Tek Limited
Village Basma, Tehsil Banur,
Distt Mohali – 140 417, Punjab, India
Phone: +91 1762 245 509
Email: cs_qftl@quadrantfuturetek.com
Website: Quadrant Future Tek
Conclusion
Quadrant Future Tek’s IPO offers a promising opportunity for long-term investors, given its consistent financial growth, innovative product offerings, and experienced management team. With its strong market position in railway signaling and embedded systems, this IPO could be a strategic investment for those looking to diversify their portfolios.
FAQs
What is the Quadrant Future Tek IPO?
It is a Mainboard IPO set to raise ₹290 crores through a Book Built Issue with a price band of ₹[.] to ₹[.] per share.
When does the Quadrant Future Tek IPO open and close?
The IPO opens on January 7, 2025, and closes on January 9, 2025.
What is the listing date for Quadrant Future Tek IPO?
The shares will be listed on BSE and NSE on January 14, 2025.
What is the allotment date for the Quadrant Future Tek IPO?
The allotment date is January 10, 2025.
How can I apply for the Quadrant Future Tek IPO?
You can apply via ASBA through your bank or UPI-enabled platforms, or offline through stockbrokers.