IPO Details
Bidding Dates
07 Jan 25 - 09 Jan 25
Price Range ₹
275 - 290
Total Equity
₹ 84100.00Cr
Lot Size
50
Exchange Status
NSE,BSE
IPO Doc
Subscription Rate
Non-Institutional Investor
246.94×
Qualified Institutional Buyers
132.54×
Employees
0.00×
Retail Investors
246.94×
Total subscription Rate
186.66×
IPO Timeline
Offer start
07 Jan 2025
Offer end
09 Jan 2025
Allotment
10 Jan 2025
Refund initiation
13 Jan 2025
Demat transfer
13 Jan 2025
Listing
14 Jan 2025
Offer start
07 Jan 2025
Offer end
09 Jan 2025
Allotment
10 Jan 2025
Refund initiation
13 Jan 2025
Demat transfer
13 Jan 2025
Listing
14 Jan 2025
About Company
Quadrant Future Tek Limited, established in September 2015, specializes in developing advanced Train Control and Signaling Systems for the Indian Railways' KAVACH project, aiming to improve safety and reliability for passengers. The company also operates a facility in Village Basma, Punjab, dedicated to manufacturing and testing specialty cables and hardware for the Train Control & Signaling Division. With a focus on technology-driven solutions, the company adheres to ISO, IRIS, and TS standards and follows strict Quality Management Systems. As of October 31, 2024, it employs 295 staff across its manufacturing, Railway Signalling, Embedded System Design, and corporate functions. Key strengths include in-house design capabilities, a strategic partnership with RailTel for KAVACH opportunities, and advanced cable manufacturing for sectors like Railways, Defence, Renewable Energy, and Electric Vehicles.
Year Founded
18-09-2015
Promotor Details
Satish Gupta
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 93.33 | 70 |
| Share Capital | 28000000 | 28000000 |
Offer to Public
2,90,00,00,000.00 Cr
Project Details
- Capital expenditure for development for Electronic Interlocking System - 243.75cr
- Prepayment or repayment of all or a portion of outstanding working capital term loan availed by our - 236.19cr
- Funding long-term working capital requirements of our Company - 1497.22cr
- General Corporate Purpose - 630.6cr
Objectives
- Funding long-term working capital requirements of our Company
- Capital expenditure for development for Electronic Interlocking System
- Prepayment or repayment of all or a portion of outstanding working capital term loan availed by ourCompany
- andGeneral corporate purposes.
Highlights
- Quadrant Future Tek develops a comprehensive train control system focused on enhancing rail safety.
- The company has signed a Memorandum of Understanding (MoU) with RailTel for long-term working capital funding.
- It boasts strong in-house expertise in the design and development of railway signaling products.
- The company is committed to advancing technology for improved train control and safety.
- Quadrant Future Tek's partnership with RailTel aims to drive future growth in railway projects.
Challenges
- Promoter disputes could negatively affect governance and operations.
- The company’s heavy reliance on the Mohali facility introduces operational risks.
- Revenue is dependent on Indian Railways policies and tender awards.
- High working capital requirements, with shortfalls potentially severely impacting operations.
- The company lacks long-term contracts and primarily operates through purchase orders and tenders.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2022 | 1,125.90 | 100.00 | 147.13 | 146.92 | 4.9043 |
| 2023 | 1,185.61 | 100.00 | 48.12 | 48.12 | 1.604 |
| 2021 | 585.63 | 100.00 | 139.04 | 138.16 | 4.6347 |
| 2024 | 1,428.21 | 100.00 | 147.13 | 146.92 | 4.9043 |
