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Quadrant Future Tek Limited

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.

Quadrant Future Tek Limited IPO & Charts
₹290

0%

Open

₹290

HIgh - Low

₹290

Previous Close

₹290

Total Traded Value

0

52 Weeks High

₹290

52 Weeks Low

₹290

Updates On

Jan 1, 2025

IPO. Open

Jan 7, 2026

IPO. Close

Jan 9, 2026

IPO. Price

₹290.00

IPO Market price

₹1,160.00 Cr

IPO Details

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 Timeline

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

IPO Reservation

Category Offer
QIB Shares Offered 75,00,000 Shares
NII (HNI) Shares Offered 15,00,000 Shares
Retail Shares Offered 10,00,000 Shares

IPO Lot Size

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
About Company

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.

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Company Financials (Consolidated)

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

Key Performance Indicator (KPI)

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 Objective

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) -

Contact Details

Quadrant Future Tek Ltd. Address
Village Basma,
Tehsil
Banur,
Mohali, Punjab, 140417
+91 172 402 0228
cs_qftl@quadrantfuturetek.com
https://www.quadrantfuturetek.com/

Detail Registrar

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

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