The much-anticipated Quadrant Future Tek IPO opens for subscription on January 7, 2025, and closes on January 9, 2025. The IPO is set to raise ₹290 crore, with shares priced in the range of ₹275 – ₹290. Investors can bid in lot sizes of 50 shares, requiring a minimum investment of ₹14,500.
Company Information
| Category |
Details |
| Managing Director |
Mohit Vohra |
| Registrar |
Link Intime India Pvt. Ltd. |
| Lead Manager |
Sundae Capital Advisors Pvt. Ltd. |
| Anchor Investor |
NA |
| Promoters |
1. Mohit Vohra2. Amit Dhawan3. Amrit Singh Randhawa4. Rupinder Singh5. Vishesh Abrol6. Vivek Abrol7. Aikjot Singh8. Rajbir Singh Randhawa |
| Bankers to the Issue |
ICICI BANK Ltd. |
| Bankers to the Company |
HDFC Bank Limited, ICICI BANK Ltd. |
| Legal Advisor |
Vaish Associates Advocates |
| Email |
cs_qftl@quadrantfuturetek.com |
| Website |
https://www.quadrantfuturetek.com |
| Address |
Village Basma, Tehsil Banur, Mohali District-140417 Punjab |
| Objective of Issue |
1. Funding long-term working capital requirements of our Company (Specialty Cable Division)2. Capital expenditure for development of Electronic Interlocking System3. Prepayment or repayment of outstanding working capital term loans4. General Corporate Purpose |
| Industry Overview |
Our Company caters to:1. Indian Specialty Cables Industry for manufacturing Specialty Cables used in Railways, Naval Defence, Solar Power & Electric Vehicles.2. Train Control and Signalling Systems in Railways, including Automatic Train Protection (ATP), Automatic Train Operations (ATO), and KAVACH technologies for safety and capacity enhancement. |
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| Particulars |
Details |
| IPO Name |
Quadrant Future Tek IPO |
| Open Date |
January 7, 2025 |
| Close Date |
January 9, 2025 |
| Lot Size |
50 |
| Minimum Investment |
₹14,500 |
| Issue Price |
₹275 – ₹290 |
| Issue Size |
₹290.00 crore |
| Face Value |
₹10 |
| Total Shares Offered |
10,000,000 |
| Reservation for Anchor Investors |
4,500,000 (45.00%) |
| Reservation for QIB |
3,000,000 (30.00%) |
| Reservation for NII |
1,500,000 (15.00%) |
| Reservation for RII |
1,000,000 (10.00%) |
| Retail Max (Shares/Amount) |
650 shares / ₹188,500 |
| Sector |
Electricals |
| Sub-Sector |
Cables |
| Issue Type |
Book Building Process |
| Listing Date |
January 14, 2025 |
| Listing On |
BSE, NSE |
Income Statement
| Particulars |
Mar 2024 |
Mar 2023 |
Mar 2022 |
Trend (Mar 2022 – Mar 2024) |
| Sales |
151 |
152 |
104 |
Increasing |
| Other Income |
0 |
0 |
0 |
Stable |
| Total Income |
151 |
152 |
104 |
Increasing |
| Total Expenditure |
125 |
130 |
97 |
Increasing |
| EBIT |
26 |
22 |
6 |
Increasing |
| Interest |
4 |
2 |
3 |
Mixed |
| Tax |
7 |
6 |
1 |
Increasing |
| Net Profit |
14 |
13 |
1 |
Increasing |
Balance Sheet
| Category |
Particulars |
Mar 2024 |
Mar 2023 |
Mar 2022 |
Trend (Mar 2022 – Mar 2024) |
| Equities & Liabilities |
Share Capital |
10 |
10 |
10 |
Stable |
|
Reserves & Surplus |
34 |
19 |
5 |
Increasing |
|
Current Liabilities |
50 |
39 |
41 |
Mixed |
|
Other Liabilities |
48 |
49 |
56 |
Decreasing |
|
Total Liabilities |
142 |
118 |
112 |
Increasing |
| Assets |
Fixed Assets |
80 |
69 |
53 |
Increasing |
|
Current Assets |
59 |
47 |
59 |
Stable |
|
Other Assets |
2 |
2 |
0 |
Increasing |
|
Total Assets |
142 |
118 |
112 |
Increasing |
| Other Info |
Contingent Liabilities |
4 |
2 |
0 |
Increasing |
Cash Flow
| Category |
Particulars |
Mar 2024 |
Mar 2023 |
Mar 2022 |
Trend (Mar 2022 – Mar 2024) |
| Cash Flow From |
Operating Activities |
18 |
29 |
-4 |
Improving |
|
Investing Activities |
-21 |
-20 |
-31 |
Improving |
|
Financing Activities |
3 |
-9 |
36 |
Mixed |
|
Others |
0 |
0 |
0 |
Stable |
| Net Cash Flow |
Net Cash Flow |
0 |
0 |
0 |
Stable |
Financial Ratios
| Category |
Particulars |
Mar 2024 |
Mar 2023 |
Mar 2022 |
Trend (Mar 2022 – Mar 2024) |
| Per Share Ratios |
Basic EPS (Rs.) |
4.90 |
4.61 |
0.63 |
Increasing |
|
Diluted EPS (Rs.) |
4.90 |
4.61 |
0.63 |
Increasing |
|
Book Value [Excl. Reval Reserve]/Share (Rs.) |
44.11 |
29.42 |
15.61 |
Increasing |
|
Dividend/Share (Rs.) |
0.00 |
0.00 |
0.00 |
Stable |
|
Face Value |
10 |
10 |
10 |
Stable |
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