Quadrant Future Tek IPO

Quadrant Future Tek IPO

Quadrant Future Tek IPO is a ₹290 crore book-built issue, consisting entirely of a fresh issue of 1 crore equity shares. The IPO will open for subscription on January 7, 2025, and close on January 9, 2025. The allotment of shares is expected to be finalized on January 10, 2025, and the equity shares are scheduled to be listed on the BSE and NSE on January 14, 2025.

The IPO price band is set at ₹275 to ₹290 per share, with investors required to apply for a minimum lot size of 50 shares. For retail investors, this translates to a minimum investment of ₹14,500. For small non-institutional investors (sNII), the minimum application size is 14 lots (700 shares), amounting to ₹2,03,000. For large non-institutional investors (bNII), the minimum is 69 lots (3,450 shares), requiring an investment of ₹10,00,500.

The IPO is managed by Sundae Capital Advisors, the book-running lead manager (BRLM), responsible for the coordination and smooth execution of the issue. Link Intime India Private Ltd has been appointed as the registrar for the IPO, overseeing the allotment process and refund operations. Quadrant Future Tek aims to use the funds raised through this IPO for growth initiatives, business expansion, and operational improvements, offering investors an opportunity to participate in its long-term growth strategy.

Refer to Quadrant Future Tek IPO RHP for detailed information.

Quadrant Future Tek IPO Details

IPO DateJanuary 7, 2025 to January 9, 2025
Face Value₹10 per share
Price Band₹275 to ₹290 per share
Lot Size50 Shares
Total Issue Size1,00,00,000 shares
(aggregating up to ₹290.00 Cr)
Fresh Issue1,00,00,000 shares
(aggregating up to ₹ 290.00 Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE
Share Holding Pre Issue3,00,00,000 shares
Share Holding Post Issue4,00,00,000 shares

Quadrant Future Tek IPO Timeline

The Quadrant Future Tek IPO is scheduled to open on January 7, 2025, and close on January 9, 2025.

IPO Open DateTuesday, January 7, 2025
IPO Close DateThursday, January 9, 2025
Basis of AllotmentFriday, January 10, 2025
Initiation of RefundsMonday, January 13, 2025
Credit of Shares to DematMonday, January 13, 2025
Listing DateTuesday, January 14, 2025

Quadrant Future Tek IPO Reservation

Investor CategoryShares Offered
QIB Shares OfferedNot less than 75% of the Net Issue
Retail Shares OfferedNot more than 10% of the Net Issue
NII (HNI) Shares OfferedNot more than 15% of the Net Issue

Quadrant Future Tek IPO Lot Size

Investors participating in the Quadrant Future Tek IPO can bid for a minimum of 50 shares and in multiples of 50 thereafter. The table below outlines the minimum and maximum investments required by retail investors and high-net-worth individuals (HNIs), both small non-institutional investors (sNII) and large non-institutional investors (bNII):

ApplicationLotsSharesAmount
Retail (Min)150₹14,500
Retail (Max)13650₹1,88,500
S-HNI (Min)14700₹2,03,000
S-HNI (Max)683,400₹9,86,000
B-HNI (Min)693,450₹10,00,500

About Quadrant Future Tek Limited

Quadrant Future Tek Limited, established in September 2015, is a technology-driven company specializing in the development of next-generation Train Control and Signaling Systems for the Indian Railways’ KAVACH project. The project aims to enhance passenger safety and reliability on the Indian Railways network. In addition to its work on signaling systems, the company also operates a specialty cable manufacturing facility equipped with an Electron Beam Irradiation Centre.

The company’s manufacturing and development activities are conducted at its facility located in Village Basma, Tehsil Banur, District Mohali. This facility is dedicated to producing, testing, and developing specialty cables and hardware for the Train Control & Signaling Division.

Quadrant Future Tek is committed to high standards of technology and quality. Its products comply with ISO, IRIS, and TS certifications, adhering to strict Quality Management Systems for specialty cables.

As of October 31, 2024, the company employed 295 people at its manufacturing plant, Railway Signalling & Embedded System Design Centre, and corporate functions.

Competitive Strengths:

  • Innovation in Automatic Train Protection Systems: The company focuses on continuous innovation and technological development in automatic train protection systems, contributing to enhanced safety in the railway sector.
  • Exclusive Partnership with RailTel: Quadrant Future Tek has entered into a Memorandum of Understanding (MoU) with RailTel to explore opportunities for the KAVACH project in Indian Railways and other countries’ railway systems.
  • In-House Design and Development: The company boasts strong in-house capabilities in designing and developing rail signaling products and solutions, positioning it as a key player in the railway sector.
  • Advanced Cable Manufacturing: With a focus on strict standards, the company manufactures advanced cables for use in the Railways, Naval Defense, Renewable Energy, and Electric Vehicle sectors.
  • State-of-the-Art Manufacturing Facilities: Quadrant Future Tek’s manufacturing facilities produce a wide range of power and control cables. The company’s emphasis on innovation and cost competitiveness is a key differentiator in its market.

This blend of advanced technology, strategic partnerships, and cutting-edge manufacturing capabilities strengthens Quadrant Future Tek’s position in the railway signaling and specialty cable industry.

FAQs – Quadrant Future Tek IPO

What is the Quadrant Future Tek IPO?

The Quadrant Future Tek IPO is a ₹290 crore book-built public offering, consisting entirely of a fresh issue of 1 crore equity shares.

When will the Quadrant Future Tek IPO open and close?

The Quadrant Future Tek IPO will open for subscription on January 7, 2025, and close on January 9, 2025.

When will the allotment and listing of the Quadrant Future Tek IPO take place?

The allotment of shares for the Quadrant Future Tek IPO is expected to be finalized on January 10, 2025, and the shares are scheduled to be listed on the BSE and NSE on January 14, 2025.

What is the price band for the Quadrant Future Tek IPO?

The price band for the Quadrant Future Tek IPO is set between ₹275 to ₹290 per share.

What is the minimum number of shares I can bid for in the Quadrant Future Tek IPO?

Investors can bid for a minimum of 50 shares in the Quadrant Future Tek IPO, and subsequent bids must be in multiples of 50 shares.

What is the minimum investment amount for retail investors in the Quadrant Future Tek IPO?

The minimum investment for retail investors in the Quadrant Future Tek IPO is ₹14,500 (for 50 shares at ₹290 per share).

What is the investment amount for small non-institutional investors (sNII) in the Quadrant Future Tek IPO?

For small non-institutional investors (sNII) in the Quadrant Future Tek IPO, the minimum application size is 14 lots (700 shares), requiring an investment of ₹2,03,000.

What is the investment amount for large non-institutional investors (bNII) in the Quadrant Future Tek IPO?

For large non-institutional investors (bNII) in the Quadrant Future Tek IPO, the minimum application size is 69 lots (3,450 shares), which requires an investment of ₹10,00,500. There is no maximum limit for bNII investors.

Who are the lead manager and registrar for the Quadrant Future Tek IPO?

The Quadrant Future Tek IPO is managed by Sundae Capital Advisors as the book-running lead manager, and Link Intime India Private Ltd is the registrar for the issue.

When will the allotment for the Quadrant Future Tek IPO be finalized?

The allotment of shares for the Quadrant Future Tek IPO is expected to be finalized on January 10, 2025. Investors can check the status of their allotment on the registrar’s website.

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