Allotment

The Quadrant Future Tek IPO was a book-built issue aggregating ₹290.00 crore, consisting entirely of a fresh issue of 1.00 crore equity shares.
The IPO opened for subscription on January 7, 2025, and closed on January 9, 2025. The basis of allotment was finalized on January 10, 2025, and the shares were listed on the BSE and NSE on January 14, 2025.
The price band for the issue was fixed at ₹290 per share, with a lot size of 50 shares. Retail investors were required to invest a minimum of ₹14,500 (based on the upper price). For non-institutional investors:
Small NII (sNII): 14 lots (700 shares) amounting to ₹2,03,000
Big NII (bNII): 69 lots (3,450 shares) amounting to ₹10,00,500
Key Participants
Book Running Lead Manager: Sundae Capital Advisors Pvt. Ltd.
Registrar: MUFG Intime India Pvt. Ltd.
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| IPO Date | 14 Jan |
| IPO Listing Date | 14 Jan |
| IPO Face Value | ₹10 per share |
| IPO Price Range | ₹290.00 |
| IPO Issue Size | 1,00,00,000 shares |
| IPO Sale Type | Fresh Capital |
| Employee Discount | - |
| IPO Issue Type | Bookbuilding IPO |
| IPO Listing | BSE, NSE Platform |
| Share Holding Pre Issue | 3,00,00,000 shares |
| IPO Open Date | 7 Jan |
| IPO Close Date | 9 Jan |
| IPO Allotment (Tentative) | 10 Jan |
| Refunds | 13 Jan |
| Credit to Demat Account | 13 Jan |
| IPO Listing Date | 14 Jan |
| Category | Offer |
|---|---|
| QIB Shares Offered | 75,00,000 Shares |
| NII (HNI) Shares Offered | 15,00,000 Shares |
| Retail Shares Offered | 10,00,000 Shares |
Investors can apply for a minimum of 50 shares and thereafter in multiples of 50 shares.
| Application | Lots | Share | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 50 | ₹14,500 |
| Retail (Max) | 13 | 650 | ₹1,88,500 |
| S-HNI (Min) | 14 | 700 | ₹2,03,000 |
| S-HNI (Max) | 68 | 3,400 | ₹9,86,000 |
| B-HNI (Min) | 69 | 3,450 | ₹10,00,500 |
Quadrant Future Tek Limited was originally incorporated as Quadrant Cables Private Limited on September 18, 2015, in Chandigarh. The company later changed its name to Quadrant Future Tek Private Limited in October 2021, and subsequently converted into a public limited company under the name Quadrant Future Tek Limited, with a fresh Certificate of Incorporation issued on October 21, 2021 by the Registrar of Companies, Punjab and Chandigarh.
Quadrant is a research-oriented technology company focused on developing next-generation Train Control and Signalling Systems under the KAVACH project of Indian Railways, aimed at enhancing passenger safety and operational reliability. In addition, the company operates a speciality cable manufacturing facility equipped with an Electron Beam Irradiation Centre, producing cables used in railway rolling stock and naval (defence) applications, as well as solar and electric vehicle (EV) cables.
The company has a fully integrated manufacturing, testing, research, and development facility located at Village Basma, Tehsil Banur, District Mohali, along with a dedicated Railway Signalling and Embedded Systems Design Centre. Over the years, it has installed advanced infrastructure including a 2.5 MeV Electron Beam Accelerator (2017–18), dust-free automated electronic manufacturing lines, and specialized facilities for safety-critical rail signalling hardware. In 2021, the company established a software and embedded design centre in Bengaluru, accelerating the development of Train Collision Avoidance Systems (KAVACH) and Electronic Interlocking Systems.
Quadrant has achieved key technological milestones, including the development of its first in-house KAVACH prototype in FY 2023, advancement of solar cables for electric charging and green hydrogen projects in FY 2024, and lightweight, low-fire-hazard EV cables supporting the transition to clean mobility. In FY 2025, the company ventured into operational deployment of Train Control Systems in the Hyderabad and Bengaluru regions. The company raised ₹290 crore through its IPO in January 2025 by issuing 1.00 crore equity shares of face value ₹10 each.
| Assets | 149.66 | 142.82 | 118.82 |
| Total Income | 65.14 | 151.82 | 152.95 |
| Profit After Tax | -12.11 | 14.71 | 13.9 |
| EBITDA | - | - | - |
| NET Worth | 34.18 | 44.11 | 29.42 |
| Reserves and Surplus | 4.18 | 34.11 | 19.42 |
| Total Borrowing | 98.01 | 81.61 | 74 |
| ROE | 33.41% |
| ROCE | 26.12% |
| Debt/Equity | 1.86 |
| RoNW | 33.41% |
| PAT Margin | 9.68% |
| EBITDA Margin | - |
| Price to Book Value | 19.73 |
IPO Objects of the Issue
| S.No. | Objects of the ipo Resources Detail | IPO Amount |
|---|---|---|
| 1 | Funding capital expenditure requirements for the purchase of equipment/machineries | - |
| 2 | To meet out the expenses of Working Capital Requirement | 149.72 |
| 3 | To meet out the General Corporate Purposes; | 63.06 |
| 4 | Offer for Sale (OFS) | - |
Quadrant Future Tek Ltd. Address
Village Basma,
Tehsil
Banur,
Mohali, Punjab, 140417
+91 172 402 0228
cs_qftl@quadrantfuturetek.com
https://www.quadrantfuturetek.com/
IPO Registrar
MUFG Intime India Pvt.Ltd.
+91-22-4918 6270
quadrant.ipo@linkintime.co.in
https://linkintime.co.in/Initial_Offer/public-issues.html