Quadrant Future Tek IPO Review: GMP Prices Surged! Checkout GMP Trends, IPO Details And Financials.
Quadrant Future Tek Limited is scheduled to launch its Initial Public Offering on January 7, 2025, with an aim to raise ₹290 crores. The IPO is priced in the range of ₹275 to ₹290 per share, with a minimum investment requirement of 50 shares. GMP prices started to take momentum as ipo date are approches. as of today grey market premium is trading at 170, which shows 59% of listing gains.
Quadrant Future Tek IPO Details
| Particulars | Details |
|---|---|
| Issue Size | ₹290 crores |
| Offer for Sale (OFS) | Not applicable |
| Price Band | ₹275 to ₹290 |
| Retail Quota | 10% |
| QIB Quota | 75% |
| NII Quota | 15% |
| IPO Type | Book Built Issue |
| Listing Date | January 14, 2025 |
IPO Dates
| Event | Date |
|---|---|
| IPO Open Date | January 7, 2025 |
| IPO Close Date | January 9, 2025 |
| Allotment Finalization | January 10, 2025 |
| Refund Initiation | January 13, 2025 |
| Share Credit to Demat | January 13, 2025 |
IPO Objectives
Quadrant Future Tek Limited is raising funds through its IPO with clear goals to strengthen its position and grow its business. Here’s a breakdown of how the company plans to use the funds:
- Working Capital Needs: A portion of the money will be used to cover the company’s long-term working capital requirements, ensuring that it has the resources to maintain its operations and financial health.
- Electronic Interlocking System Development: The company plans to invest in the development of an advanced Electronic Interlocking System, which plays a key role in improving safety and efficiency in railway signaling.
- Repayment of Loans: Part of the funds will be used to pay off or reduce existing working capital loans, helping to reduce debt and interest burdens.
- General Corporate Purposes: The remaining funds will be used for general purposes, providing flexibility for various operational needs.
These objectives reflect Quadrant Future Tek’s approach to improving its infrastructure, managing debt, and positioning itself for future growth.
About Quadrant Future Tek
Quadrant Future Tek is a technology driven company specializing in advanced train control and signaling systems, actively contributing to Indian Railways’ flagship KAVACH project. Its operations span two key areas:
- Specialty Cable Manufacturing: Producing high-performance, fire-resistant cables for railways, defense, aerospace, and EVs.
- Train Control Systems: Developing cutting-edge systems for rail safety and efficiency.
Official Website – http://quadrantfuturetek.com/
KPI Indicators
| Key Performance Indicator (KPI) | Value |
|---|---|
| Return on Equity (ROE) | 33.41% |
| Return on Capital Employed (ROCE) | 26.12% |
| Return on Net Worth (RoNW) | 33.41% |
| Debt-to-Equity Ratio | 1.86 |
| Profit After Tax (PAT) Margin | 9.68% |
| Earnings Per Share (EPS) | ₹4.90 |
| Net Asset Value (NAV) | ₹14.70 |
Peer Comparison
| Company Name | EPS (₹) | P/E Ratio (x) | NAV (₹) | RoNW (%) |
|---|---|---|---|---|
| Quadrant Future Tek Limited | 4.90 | 59.18 | 33.41 | 14.7 |
| Kernex Microsystems (India) Ltd. | -16.61 | N/A | 63.61 | -24.16 |
| HBL Power Systems Ltd. | 10.07 | 61.59 | 44.03 | 22.87 |
| Apar Industries Ltd. | 212.10 | 49.11 | 965.01 | 20.8 |
| Polycab India Ltd. | 118.93 | 64.85 | 544.95 | 21.9 |
Financial Overview
Quadrant Future Tek has shown steady revenue growth, However, a net loss of ₹12.10 crores was reported for the quarter ending September 2024.
| Financial Year | Revenue (₹ Crores) | Net Profit (₹ Crores) |
|---|---|---|
| FY 2022 | 104.2 | 1.94 |
| FY 2023 | 152.8 | 13.90 |
| FY 2024 | 151.7 | 14.71 |
Promotors
The promoters behind Quadrant Future Tek Limited include Mohit Vohra, Amit Dhawan, Amrit Singh Randhawa, Rupinder Singh, Vishesh Abrol, Vivek Abrol, Aikjot Singh, and Rajbir Singh Randhawa. These individuals play a crucial role in the company’s operations and strategic direction.
Before the IPO, these promoters held around 93.33% of the company’s shares. After the IPO, their collective ownership will decrease to 70%, as new shares are issued to the public, which is a common practice in IPOs to raise funds for growth and expansion.
Should You Apply?
Quadrant Future Tek’s participation in high-growth sectors like railways, defense, and EVs makes it a strong contender for long-term growth. However, investors should consult with your advisor.
Pravin Bhosale
Since stepping into the world of trading in 2019, i have gained valuable experience navigating the markets, have knowldge in indices like Bank Nifty, Nifty IT, Sensex, Bankex, and Finifty. Also have sound knowldge about IPO industry & ipo process. our blog aims to make finance approachable, offering practical insights for readers to better understand and act on market trends.
Top FAQs
- When does the IPO open?
The IPO opens on January 7, 2025, and closes on January 9, 2025. - What is the price band?
₹275 to ₹290 per share. - What is the minimum investment?
A minimum of ₹14,500 (50 shares at the upper price band). - When will the shares list?
On January 14, 2025, on both BSE and NSE. - Is there a GMP for this IPO?
Currently GMP trading at 170 rupee per share.