About Quadrant Future Tek:
Quadrant is a research-driven company developing next-generation Train Control and Signalling Systems under the KAVACH project for Indian Railways, ensuring safety and reliability. It operates a specialty cable manufacturing facility with an Electron Beam Irradiation Centre, serving the railway and naval industries. The company also produces Solar and EV cables. In November 2024, Quadrant received a ₹9,786.06 million order from Chittaranjan Locomotive Works for On-board Kavach equipment. Its manufacturing facility is located in Mohali, and it has no subsidiaries.
About the Industry in which Quadrant Future Tek operates:
The company serves two distinct industries: (i) the Indian Specialty Cables Industry, utilizing niche technology to manufacture specialty cables with applications across various sectors, including Railways, Naval Defence, Solar power, and Electric Vehicles; and (ii) the Train Control and Signalling System sector within the Railways Industry, focusing on Automatic Train Protection (ATP) and Automatic Train Operations (ATO) systems, including KAVACH. It also addresses the growing demand for related technologies and the development of new systems to enhance safety and capacity in railways.
| Important Information and Timelines of the IPO of Quadrant Future Tek: | |
|---|---|
| Open Date | 7 January 2025 |
| Close Date | 9 January 2025 |
| Total Issue Size – Number of Shares | 10000000 |
| Minimum Bid Price | 275 |
| Maximum Bid Price | 290 |
| Lot Size | 50 |
| Basis of Allotment | 10 January 2025 |
| Initiation of Refunds and Credit of Shares to Demat | 13 January 2025 |
| Listing Date | 14 January 2025 |
| Listing Exchange(s) | NSE and BSE |
Minimum and Maximum Lot Sizes for the IPO of Quadrant Future Tek:
| Category | Lots | Shares | Amount (in ₹) |
|---|---|---|---|
| Retail – Minimum | 1 | 50 | 14500 |
| Retail – Maximum | 13 | 650 | 188500 |
| sHNI – Minimum | 14 | 700 | 203000 |
| sHNI – Maximum | 68 | 3400 | 986000 |
| bHNI – Minimum | 69 | 3450 | 1000500 |
Objective of the IPO of Quadrant Future Tek:
The company plans to use the funds for the following purposes: (i) meeting the long-term working capital requirements of its Specialty Cable Division, (ii) capital expenditure for the development of the Electronic Interlocking System, (iii) prepayment or repayment of all or part of the outstanding working capital term loan, and (iv) general corporate purposes.
Financials of Quadrant Future Tek:
| Particulars | As at and for the period ended September 30, 2024 | As at and for the period ended / Fiscal year March 31, 2024 | As at and for the period ended / Fiscal year March 31, 2023 | As at and for the period ended / Fiscal year March 31, 2022 | |
|---|---|---|---|---|---|
| Equity Share Capital | 300.00 | 100.00 | 100.00 | 100.00 | |
| Other Equity | 41.75 | 341.13 | 194.21 | 56.05 | |
| Net worth/ Equity attributable to owners of our Company | 341.75 | 441.13 | 294.21 | 156.05 | |
| Revenue from Operations | 651.37 | 1,517.56 | 1,528.04 | 1,042.58 | |
| Total Income | 651.35 | 1,518.23 | 1,529.45 | 1,042.91 | |
| Restated profit for the period / year (after comprehensive income) | (120.50) | 148.83 | 138.16 | 18.94 | |
| Earnings per Share (face value of Equity Shares of ₹ 10 each) | |||||
| - Basic | (4.02) | 4.90 | 4.61 | 0.63 | |
| - Diluted | (4.02) | 4.90 | 4.61 | 0.63 | |
| Net Asset Value per Equity Share | 11.39 | 14.70 | 9.81 | 5.20 | |
| Total Borrowings | 980.11 | 816.14 | 739.96 | 806.81 |
For more details on the IPO, refer to the DRHP here.
Did you know that you can now Pre-Apply for an IPO on Dhan? You can place your IPO Bid on Dhan and the order will be pushed to the Exchange as soon as the Bidding starts for Quadrant Future Tek. You will receive a UPI mandate after 10:00 AM on 7 January 2025.
###1. How to apply for the IPO of Quadrant Future Tek on Dhan?
You can apply for the IPO of Quadrant Future Tek from either Dhan Mobile App or Web
On Dhan Mobile App you can find the IPO under the Money Section > IPO Tab
On Dhan Web you can find the IPO under Markets Tab > IPOs
###2. In case of successful allotment, when the IPO shares of Quadrant Future Tek be visible on Dhan?
The CDSL will intimate you regarding the credit of shares into your Demat account by 13 January 2025. However, you will be able to see the shares of Quadrant Future Tek on Dhan before the market starts on the listing date which is 14 January 2025.