Quadrant Future Tek Ltd IPO

Quadrant Future Tek Ltd IPO

Cables

mainboard

Bidding period

07 Jan 2025 - 09 Jan 2025

Bid price

₹290.00 - ₹290.00

Listing on

BSE, NSE

Listing date

14 Jan 2025

Lot size

50 shares

Issue size

₹290.00 crore


Minimum investment

₹14,500.00 / 1 lot

Maximum investment

₹1,88,500.00 / 13 lot

Bidding closed on 09 Jan 2025

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Quadrant Future Tek Ltd IPO dates

IPO opening date

07 Jan 2025

IPO end date

09 Jan 2025

Allotment date

10 Jan 2025

Initiation of refunds

13 Jan 2025

Credit of shares to demat

13 Jan 2025

IPO listing date

14 Jan 2025

Quadrant Future Tek Ltd IPO financials

Particulars

For the period ending in March 2024 (in ₹ million)

Total assets ₹142.82
Total liabilities ₹142.82
Total expenditure ₹129.94
Total revenue ₹151.82
Profit after tax ₹14.71
EBITDA ₹36.71
Adjusted EBITDA ₹0.00

Quadrant Future Tek Ltd shareholder pattern

Pre-issue Post-issue
Promoter group 93.33 70.0
Public group 6.67 30.0

Quadrant Future Tek Ltd strengths and risks

Information currently unavailable

  • Innovation and technological development undertaken by the Company for building Automatic Train Protection Systems.

  • Entered into an exclusive Memorandum of Understanding with RailTel for delivering the specific targeted opportunities related to KAVACH in Indian Railways and other Countries Railways.

  • We have in-house design and product development capabilities powering our Rail Signalling Products & Solutions.

  • Unique technology for the manufacture of cables that meets the stringent requirements for multiple industries, namely Railways, Naval Defence, Renewable Energy & Electric Vehicle sectors.

  • Advanced manufacturing facilities with a diverse range of power and control cables with focus on innovation and cost competitiveness.

  • Global emergence of market for irradiated cables in renewable energy and electric vehicles and supply of such irradiated cables to OEMs with high global market penetration.

  • Experienced Promoters and senior management team.

  • The Company has passed through an incidence of litigation involving dispute inter-se its Promoters, namely Mohit Vohra, Amit Dhawan, Rupinder Singh, Aikjot Singh, Vishesh Abrol and Vivek Abrol, along with Mohan Krishan Abrol, Vipin Abrol and Parminder Kaur to remove Amrit Singh Randhawa and Rajbir Singh Randhawa from the Board of the Company on charges of carrying out certain competing activities in a company controlled by them (i.e. International Switchgears Private Limited) that poses a conflict of interest to the Company. The matter was escalated to NCLT and subsequently the same was amicably settled between the Promoters and Promoter Group and a settlement agreement was executed. Its cannot assure that such instance will not occur in future, which may adversely affect its business prospects and results of operations.

  • The Company, alongwith Vivek Abrol, Promoter & Director of the Company and Mohan Krishan Abrol have filed a settlement application under Securities and Exchange Board of India (Settlement Proceedings) Regulations, 2018 for delayed compliance under Regulation 54 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. Any adverse outcome in relation to such settlement application may impact its reputation.

  • Its business is dependent on the company single manufacturing facility, and its subject to certain risks in its manufacturing process. Any slowdown or shutdown in the company manufacturing operations could have an adverse effect on its business, financial condition and results of operations.

  • The markets in which its customers operate are characterized by sector specific to the industries which the company cater to, and their rapidly changing preferences, technologies and other related factors including lower manufacturing costs. Accordingly, its may be affected by any disruptions in the industry which can adversely impact the company business, financial condition, results of operations, cash flows and prospects.

  • The company has only recently expanded its operations into Train Control Systems and it may be difficult to predict and evaluate its performance and future prospects, for which a substantial portion of the Net Proceeds of the Issue shall be deployed since the company is yet to be awarded any contracts. Its Promoters also does not have significant background or experience in the train control systems segment under the railways industry. If the company cannot scale its business or manage its businesses effectively or are unable to successfully implement its strategies, the quality of its product and services and the company results of operations could be adversely affected.

  • The Company has received a purchase order on December 12, 2024 from Chittaranjan Locomotive Works (CLW) for the supply, installation, testing, and commissioning of On-board Kavach equipment in 1,200 locomotives for a purchase order aggregating to Rs. 9,786.06 million (including taxes). If the company fails to deliver its obligations in a timely manner, including delivery of Kavach equipment or maintenance obligation, its may have a material adverse effect on its business, financial performance, profitability, cash flows and future prospects for participation in similar tenders.

  • The determination of the Price Band and Issue Price is based on various factors and assumptions and the Issue Price may not be indicative of the Market Price of the Equity Shares after the Issue. Further, there are no listed companies that exclusively undertake the manufacturing of Speciality cables and also Train Controls and Signalling business and therefore qualitative or quantitative peer comparison cannot be undertaken.

  • There are certain errors noticed in its audited financial statements for the Fiscal 2022 and 2021 which does not require any corrective adjustment in the financial information. Any penalty or action taken by any regulatory authorizes for such erroneous disclosure may lead to penal action against the Company under the provisions of the Companies Act, 2013 for an amount of Rs. 10,000 and in case of continuing contravention of provisions of the Companies Act, 2013, with a further penalty of Rs. 1,000 each day subject to a maximum of Rs. 2,00,000 in case of a company and Rs.50,000 in case of officer in default.

  • There had been sudden change in the profit after tax of the Company during the Fiscal 2024, 2023 and 2022 and also the Company has incurred loss during the six months period ended September 30, 2024. Further, some of the financial ratios of the Company for the said period have variation of more than 20%. Any further sudden changes in profit after tax of the Company or significant variation in the ratios may have material adverse effect on its business, results of operations, financial condition, cash flows and future prospects.

  • There have been some instances of delayed filing with the Registrar of Companies and other noncompliances including errors and comissions under the Companies Act in the past which may attract penalties.

How to check the allotment status of the Quadrant Future Tek Ltd IPO?

To check the IPO allotment status, follow these steps:

 

  1. Visit the official website of the IPO’s registrar.
  2. Go to the IPO allotment status page.
  3. Select the ‘Quadrant Future Tek Ltd’ from the list of available IPOs.
  4. Enter your PAN, Demat ID, or application number.
  5. Click on ‘Submit’ or ‘Check Status’ to view your allotment details.

Alternatively, you can also check the allotment status on stock exchange websites such as the NSE or BSE.

To check the IPO allotment status, follow these steps:

 

  1. Visit the official website of the IPO’s registrar.
  2. Go to the IPO allotment status page.
  3. Select the ‘Quadrant Future Tek Ltd’ from the list of available IPOs.
  4. Enter your PAN, Demat ID, or application number.
  5. Click on ‘Submit’ or ‘Check Status’ to view your allotment details.

Alternatively, you can also check the allotment status on stock exchange websites such as the NSE or BSE.

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Quadrant Future Tek Ltd IPO registrar

MUFG Intime India Pvt Ltd

Phone number + 91 81 0811 4949
E-mail ID quadrant.ipo@linkintime.co.in
Website www.linkintime.co.in

Quadrant Future Tek Ltd IPO reservation

QIB shares offered

30,00,000 (30.0%)

NII (HNI) shares offered

15,00,000 (15.0%)

Retail shares offered

10,00,000 (10.0%)

Anchor investor shares offered

45,00,000 (45.0%)

Total shares offered

1,00,00,000

Total shares with anchor investor

1,00,00,000

Quadrant Future Tek Ltd IPO lead manager

  • Sundae Capital Advisors Pvt Ltd

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  • Log in to the Bajaj Broking trading platform and select ‘IPO’ from the menu.
  • Browse the list of open IPOs and click ‘Apply’ for your chosen IPO.
  • Enter the quantity and your UPI ID.
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Frequently asked questions

What is the listing date for the Quadrant Future Tek Ltd IPO?

The listing date for the Quadrant Future Tek Ltd IPO is 14 Jan 2025.

What is the issue size of Quadrant Future Tek Ltd IPO?

The issue size of the Quadrant Future Tek Ltd IPO is ₹290.00 cr.

What is the minimum lot size needed for Quadrant Future Tek Ltd IPO?

The minimum lot size for Quadrant Future Tek Ltd IPO is 50

When does the Quadrant Future Tek Ltd open and close?

Quadrant Future Tek Ltd IPO is open from 07 Jan 2025 to 09 Jan 2025.

How can I apply for the Quadrant Future Tek Ltd IPO?

To apply for the Quadrant Future Tek Ltd, follow the steps given below:

  • Log in to your Bajaj Broking trading account and navigate to the current IPOs section.
  • Browse the list of open IPOs and click ‘Apply’ for your chosen PO.
  • Enter the quantity and your UPI ID. You will receive a mandate notification to block funds in your UPI app.
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