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, notably contributing to the Indian Railways’ KAVACH project. The company also manufactures specialty cables for sectors such as railway rolling stock and naval defense.
Key Highlights:
- Manufacturing Facilities: Quadrant Future Tek operates a state-of-the-art production facility in Mohali, Punjab, equipped with an Electron Beam Irradiation Centre. This facility supports the end-to-end production of solar and electric vehicle (EV) cables and includes areas for manufacturing, testing, and developing specialty cables and hardware for the Train Control and Signaling Division.
- Quality Certifications: The company is certified to ISO/IRIS/TS Quality Management Systems, ensuring adherence to international standards in its operations.
- Strategic Partnerships: A Memorandum of Understanding (MoU) with RailTel Corporation and a ₹78.6 crore order from Chittaranjan Locomotive Works strengthen the company’s position as a leading original equipment manufacturer (OEM) in the railway sector.
Recent Developments:
Quadrant Future Tek has announced an Initial Public Offering (IPO) to raise ₹290 crore. The IPO is open for subscription from January 7 to January 9, 2025, with a price band set at ₹275 to ₹290 per share. The funds will be utilized for long-term working capital needs, development of an Electronic Interlocking System, repayment of loans, and general corporate purposes.
Financial Overview:
- Revenue: The company reported revenues of ₹152.95 crore in FY23 and ₹151.82 crore in FY24. However, there was a net loss of ₹12.11 crore in the first half of FY25.
- Borrowings: As of September 30, 2024, the company’s borrowings stood at ₹98.01 crore.
Quadrant Future Tek Limited IPO Timetable
| Particular | Date |
| IPO Open Date | 07 Jan 2025 |
| IPO Close Date | 09 Jan 2025 |
| Allotment Date | 10 Jan 2025 |
| IPO Listing Date | 14 Jan 2025 |
Quadrant Future Tek Limited IPO Details
| Issue Type | Book Built Issue IPO |
| Face Value | Rs. 10 Per Equity Share |
| IPO Price | Rs. 275 to Rs. 290 Per Equity Share |
| Market Lot | 50 Share |
| ISIN Code | |
| Listing At | NSE & BSE |
| Issue Size | Approx. Rs. 290 Crore. |
Quadrant Future Tek Limited IPO Lot Size
| Application | Lots | Shares | Amount |
| Minimum | 1 | 50 | Rs. 14500 |
| Maximum | 13 | 650 | Rs. 188500 |
| Small HNI (Minimum) | 14 | 700 | Rs. 203000 |
| Big HNI (Minimum) | 67 | 3450 | Rs. 1000500 |
Quadrant Future Tek Limited IPO Allotment Status
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Click Here To Get ASBA Forms Quadrant Future Tek Limited IPO
Company Financials:
| Particular | 31 March 2024 | 31 March 2023 | 31 March 2022 |
| Total Assets | 142.82 | 118.82 | 112.77 |
| Total Revenue | 151.82 | 152.95 | 104.29 |
| Profit After Tax | 14.71 | 13.90 | 1.94 |
Company Promoters:
The Promoters of the Company are Mohit Vohra, Amit Dhawan, Amrit Singh Randhawa, Rupinder Singh, Vishesh Abrol and Vivek Abrol, Aikjot Singh and Rajbir Singh Randhawa.
Objects of this Issue:
- Funding for long-term working capital requirements of the Company.
- Capital expenditure for the development of Electronic Interlocking System.
- Prepayment of all or a portion of outstanding working capital term loan availed by the Company.
- General corporate purposes.
Registrar & Company Details
| Company Contact Information | IPO Registrar |
| Quadrant Future Tek Limited Village Basma Tehsil Banur, Distt Mohali – 140417 Phone: +91 172 402 0228 Email: cs_qftl@quadrantfuturetek.com Website: https://www.quadrantfuturetek.com/ | Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: quadrant.ipo@linkintime.co.in Website: https://linkintime.co.in/Initial_Offer/public-issues.html |
