Quadrant Future Tek IPO
Quadrant Future Tek IPO — date, price band, lot size & details 2025
Quadrant Future Tek listed on 14 Jan 2025 at ₹370, 27.6% above the ₹290 issue price.
Quadrant Future Tek develops train control and signalling systems for the KAVACH project of Indian Railways and makes speciality cables. It reported total income of Rs 151.82 crore in FY2024.
Stock price
Quadrant Future Tek is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 10 November.
- Open 07 Jan 2025
- Close 09 Jan 2025
- Allotment 10 Jan 2025
- Refund/credit 13 Jan 2025
- Listing 14 Jan 2025
Issue summary
The terms of the offer, as filed.
| IPO Dates | 7 to 9 Jan, 2025 |
|---|---|
| Price Band | ₹275 – ₹290 |
| Face Value | ₹10 |
| Lot Size | 50 Shares |
| Issue Size | ₹290 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 14,500 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 50 shares at the ₹290 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 50 | ₹14,500 |
| Retail (max) | 13 | 650 | ₹1,88,500 |
| S-HNI (min) | 14 | 700 | ₹2,03,000 |
| S-HNI (max) | 68 | 3,400 | ₹9,86,000 |
| B-HNI (min) | 69 | 3,450 | ₹10,00,500 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Total income rose from Rs 104.29 crore in FY2022 to Rs 151.82 crore in FY2024.
- 02Profit after tax rose from Rs 1.94 crore in FY2022 to Rs 14.71 crore in FY2024.
- 03The whole Rs 290 crore issue was fresh capital, so all the money after expenses came to the company.
- 04Return on equity was 33.41% and return on capital employed was 26.12%, as per the figures at the source.
- 05Rs 23.62 crore of the proceeds was planned for reducing outstanding working capital borrowings.
Risks · 7
- 01The company made a loss of Rs 12.11 crore in the six months to 30 September 2024, on total income of Rs 65.14 crore.
- 02The source shows the post-issue P/E as negative because of that loss. The P/E before the issue was 59.13 on EPS of Rs 4.90.
- 03Total borrowing of Rs 98.01 crore on 30 September 2024 was far higher than net worth of Rs 34.18 crore.
- 04Debt to equity was 1.86, which is high for a company of this size.
- 05Net worth fell from Rs 44.11 crore on 31 March 2024 to Rs 34.18 crore on 30 September 2024.
- 06Total income was almost flat, at Rs 152.95 crore in FY2023 and Rs 151.82 crore in FY2024.
- 07Promoter holding fell from 93.33% before the issue to 70% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Quadrant Future Tek offer document.
| Metric | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 149.66 | 142.82 | 118.82 | 112.77 |
| Total Income | 65.14 | 151.82 | 152.95 | 104.29 |
| Profit After Tax | -12.11 | 14.71 | 13.90 | 1.94 |
| NET Worth | 34.18 | 44.11 | 29.42 | 15.61 |
| Reserves and Surplus | 4.18 | 34.11 | 19.42 | 5.61 |
| Total Borrowing | 98.01 | 81.61 | 74.00 | 80.68 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Quadrant Future Tek RHP.
Where the money goes
₹290.01 Cr of the issue is earmarked to named objects.
Quadrant Future Tek IPO Anchor Investors
22 anchor investors across 15 fund houses committed ₹130.51 Cr a day before the issue opened.
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
The cable plant is at Village Basma in Banur tehsil, Mohali district, Punjab. It includes an Electron Beam Irradiation Centre. The cables are sold for railways, naval defence, renewable energy and electric vehicle uses.
The company has an exclusive memorandum of understanding with RailTel to pursue KAVACH work. It had 295 employees on 31 October 2024 across the plant, the signalling design centre and corporate functions.
The IPO was a fresh issue of Rs 290 crore. Rs 149.72 crore was planned for working capital and Rs 24.38 crore for developing an Electronic Interlocking System.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Quadrant Future Tek IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Sundae Capital Advisors
1 issue handled1 of their issues has listed so far, and 1 opened above the issue price (average +22.4%). That is too small a sample to read as a hit rate.
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Quadrant Future Tek?
The current Grey Market Premium is ₹110, or 38% over the issue price.
What is the Quadrant Future Tek IPO price band?
₹275 to ₹290, on a face value of ₹10.
When is the allotment?
The basis of allotment is 10 January 2025, with listing on 14 January 2025.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
