Quadrant Future Tek IPO
Quadrant Future Tek is a research-oriented company, engaged in developing new generation Train Control and Signalling Systems that offers the highest level of safety and reliability to rail passengers and also possesses an irradiated / E-beam cable manufacturing facility with Electron Beam Irradiation Centre. The Company offers specialty cables for Railways rolling stock and Naval (Defence) industry. The manufacturing facility of the Company also possesses end to end infrastructure capabilities for production of Solar Cables & EV Cables. The manufacturing operations of the Company are based in Basma, Mohali and Railway Signalling & Embedded System Design centre at Bengaluru, Karnataka and Hyderabad, Telangana.
Quadrant Future Tek IPO Details
| Opening Date Tuesday, January 7, 2025 | Closing Date Thursday, January 9, 2025 |
| Price Band ₹275 to ₹290 per share | Issue Size 1,00,00,000 shares (aggregating up to ₹290.00 Cr) |
| Face Value ₹10 per share | Market Lot 50 Shares |
| Listing at NSE,BSE | |
Quadrant Future Tek IPO Timeline (Tentative Schedule)
| IPO Open Date | Tuesday, January 7, 2025 |
|---|---|
| IPO Close Date | Friday, November 8, 2024 |
| Allotment Date | Thursday, January 9, 2025 |
| Initiation Of Refunds | Monday, January 13, 2025 |
| Credit Of Shares To Demat Account | Monday, January 13, 2025 |
| IPO Listing Date | Tuesday, January 14, 2025 |
| UPI Mandate Expiry Date | 5 PM on January 9, 2025 |
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Financial Highlights
| Period Ended | 30 Sep 2024 (In Cr.) | 31 Mar 2024 (In Cr.) | 31 Mar 2023 (In Cr.) | 31 Mar 2022 (In Cr.) |
|---|---|---|---|---|
| Assets | 1,806.1 | 413.8 | 86.3 | 48.8 |
| Revenue | 65.14 | 151.82 | 152.95 | 104.29 |
| Profit before 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 |
Strengths & Weakness
| Strengths | Weaknesses | ||
|---|---|---|---|
| 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. | Company’s reliance on a single manufacturing facility makes it vulnerable to disruptions that could adversely impact business and financial performance. | ||
| Unique technology for the manufacture of cables that meets the stringent requirements for multiple industries, namely Railways, Naval Defence, Renewable Energy & Electric Vehicle sectors. | Company’s business and revenues heavily rely on Indian Railways and Defence units, making it vulnerable to policy changes by the Ministry of Railways. | ||
| Advanced manufacturing facilities with a diverse range of power and control cables with focus on innovation and cost competitiveness. | Its reliance on a few customers exposes it to risks from order cancellations, delays, or reductions, which could harm business and financial health. | ||
| Global emergence of market for irradiated cables in renewable energy and electric vehicles and supply of such irradiated cables to OEMs with high global market penetration. | Business operates on purchase orders or tenders, lacking long-term contracts, with quarterly variability in the specialty cables division. | ||
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How to apply for Quadrant Future Tek IPO ?
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Frequently Asked Questions
What is the price band of the IPO
The price band for the IPO is set between ₹275 to ₹290 per share.
What is the issue size of the company?
The issue size of the company is up to ₹290.00 Cr.
What is the minimum lot size of the IPO?
The minimum lot size for this IPO is 50 Shares.
What is the minimum investment required?
The minimum investment required is ₹14,500.