January 7, 2025
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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 crores. So huge over subscription even in the bear market is assured.
The shares are offered at PE multiple of 59.18, which leaves very enough 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
The IPO opens on 7 January 2025 and closes on 9 January 2025.
Quadrant Future Tek IPO Review
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