January 14, 2025
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Quadrant Future Tek IPO GMP, Details, Guidance, Subscription Status, allotment @ Chanakyanipothi.com
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Table of Contents
- GMP
- Reviews
- Subscription
- Allotment
What is the latest news relating to Quadrant Future Tek IPO?
Quadrant Future Tek IPO is listed at Rs. 370, premium of 27.59% over the issue price. The listing has been below the expectations of the grey market.
What is the latest GMP of Quadrant Future Tek IPO?
GMP Rs. 120
Quadrant Future Tek Limited IPO Subscriptions
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| QIB | B HNI X | S HNI X | NII X | RII X | Total X |
| 139.77 | 274.25 | 255.57 | 268.03 | 256.46 | 195.96 |
| Applications: 44,19,572 / (?x) Amount wise Bids recd. Rs. ? Crore |
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What are the promoters of Quadrant Future Tek IPO?
The Promoters of the Company are Mohit Vohra, Amit Dhawan, Amrit Singh Randhawa, Rupinder Singh, Vishesh Abrol and Vivek Abrol, Aikjot Singh and Rajbir Singh Randhawa.
What are the Objects of Quadrant Future Tek IPO?
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
- Funding long-term working capital requirements of the Company;
- 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; and
- General corporate purposes.
What is the business of Quadrant Future Tek?
Quadrant Future Tek is a research-focused company specializing in the development of next-generation Train Control and Signalling Systems, designed to offer the highest levels of safety and reliability for rail passengers. The company also operates an Electron Beam Irradiation Centre, producing irradiated/E-beam cables. It provides specialty cables for the railway rolling stock and naval (defence) sectors. Additionally, the company has full infrastructure capabilities for manufacturing Solar Cables and EV Cables. Its manufacturing operations are based in Basma, Mohali, while its Railway Signalling and Embedded System Design Centre is located in Bengaluru, Karnataka, and Hyderabad, Telangana.
The company offers Electron Beam Irradiated Cables for industrial and other applications where fire safety, lightweight construction, and long-term performance are crucial. The in-house developed low smoke fire-resistant polymers used for cable insulation and sheathing are treated with Electron Beam radiation, enabling cross-linking of the molecules to enhance mechanical and thermal properties.
The growing railway sector in India presents a significant opportunity for the company. With a strong focus on the modernization of Indian Railways, a push for the “Make in India” initiative, and ambitions for high-speed trains, the demand for Automated Train Safety and Signalling Systems is becoming increasingly essential.
Quadrant Future Tek has established a dedicated Railway Signalling and Embedded System Design Centre to develop Train Control Products and Solutions. The company is actively working on the development of the Train Collision Avoidance System and Electronic Interlocking System under the KAVACH initiative. This Automatic Train Protection System aims to enhance safety and capacity in Indian Railways. The company’s indigenously developed Train Collision Avoidance System utilizes radio transmission and LTE technology, meeting the Safety Critical standards as per SIL-4 requirements. It is designed to be interoperable with competitor products and systems, providing detection and prevention of potential train collisions as part of the KAVACH project, which is overseen by the Research Designs & Standards Organisation (RDSO) under the Ministry of Railways.
On May 1, 2024, Quadrant Future Tek entered into a Memorandum of Understanding (MoU) with RailTel Corporation of India Limited, a Government of India undertaking. The MoU aims to define a framework for collaboration to pursue opportunities related to KAVACH as an Automatic Train Protection System both within India and internationally. The agreement also seeks to expand and adapt the scope of these opportunities to other countries and their railway systems.
For more information, click https://www.quadrantfuturetek.com/
Quadrant Future Tek IPO GMP, Particulars & Guidance
| Quadrant Future Tek IPO Details | |
| IPO opens on | 7 January 2025 |
| IPO closes on | 9 January 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 100,00,000 Shares / Rs 290 Cr |
| * Fresh Issue | 100,00,000 Share / Rs 290 Cr |
| * Offer for Sale | ? Shares / Rs ? Cr |
| Face Value per share: | Rs. 10 |
| Price Band | Rs. 275-290 |
| Retail Discount | Rs 0 per share |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 50 Shares |
| Listing will at | BSE, NSE |
| Shares offered in Quadrant Future Tek? | Shares | Rs. in Crore |
| QIB (75 %) | 7500000 | 217.50 |
| NII (15 %) | 1500000 | 43.50 |
| RII (10 %) | 1000000 | 29.00 |
| Employees | – | – |
| Total Shares | 10000000 | 290.00 |
| Retail portion will be oversubscribed by | 20,000 Forms. | |
| How to apply in Quadrant Future Tek IPO ? | Amount Rs. |
|
| Min Retail Application | 50 | 14500 |
| Max Retail Application | 650 | 188500 |
| Small HNI (Min) application | 700 | 203000 |
| Small HNI (Max) application | 3400 | 986000 |
| Big HNI Application | 3450 | 1000500 |
| What is the timetable of Quadrant Future Tek IPO? |
|
| IPO opens on | 7 January 2025 |
| IPO Closes on | 9 January 2025 |
| IPO Allotment on | 10 January 2025 |
| Unblocking of Asba | 13 January 2025 |
| Credit of Shares | 13 January 2025 |
| Listing of Shares | 14 January 2025 |
| Registered Office of Quadrant Future Tek |
|
| Quadrant Future Tek Limited Village Basma Tehsil Banur, Distt Mohali – 140417 |
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Who are the Lead Managers of |
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| Registrar to IPO | |
| Kfin Technologies Limited |
| Quadrant Future Tek IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs. in Crore | Rs.in Cr | Rs. | % | |
| 2021-22 | 104.29 | 1.94 | 0.63 | 12.17 |
| 2022-23 | 152.95 | 13.90 | 4.61 | 47.03 |
| 2023-24 | 151.82 | 14.71 | 4.90 | 33.41 |
| Book Value of the Share on 31.03.2024 |
Rs. | 9.81 | ||
| BV after the IPO | Rs. | ? | ||
| Offer Price at Cap | Rs. | 290 | ||
| Quadrant Future Tek IPO Ratio Analysis |
|
| Price /EPS | 59.18 |
| Price/Book Value Ratio | ? |
| Price/BV after IPO | ? |
How Quadrant Future Tek IPO compares with the Peers?
Peer Comparison.
There are no listed companies that exclusively undertake the manufacturing of E-beam cables and also Train Controls and Signalling business
| As on date of DRHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Crore | |||
| Quadrant Future Tek | 10 | 153 | ? |
| Kernex Micro System | 10 | 11 | N.A. |
| HBL Power | 1 | 2233 | 49.30 |
| Apar Industries | 10 | 16153 | 37.28 |
| Polycab India | 10 | 18039 | 56.69 |
# This is only coverage of News related to Grey Market. We do not deal in grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Quadrant Future Tek IPO Guidance by Paresh Gordhandas, CA & Research Analyst.
Quadrant Future Tek is a research-focused company specializing in the development of next-generation Train Control and Signalling Systems, designed to offer the highest levels of safety and reliability for rail passengers. The company also operates an Electron Beam Irradiation Centre, producing irradiated/E-beam cables. It provides specialty cables for the railway rolling stock and naval (defence) sectors.
The growing railway sector in India presents a significant opportunity for the company.
On May 1, 2024, Quadrant Future Tek entered into a Memorandum of Understanding (MoU) with RailTel Corporation of India Limited, a Government of India undertaking. The MoU aims to define a framework for collaboration to pursue opportunities related to KAVACH as an Automatic Train Protection System both within India and internationally.
The size of this mainboard IPO is very small. HNI portion is only Rs. 43.50 crore and retail investors have been offered shares of Rs. 29 crore. So huge over subscription even in the bear market is assured.
The shares are offered at PE multiple of 59.18, which leaves very small room for listing gains. Very few trades in the grey market at Rs. 190 premium are seen.
Though chances of allotment are low, in absence of any major IPO at present, you may apply.
+from Fundamental angle: Apply
+from Grey market angle: Apply
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