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4 min read | Updated on January 10, 2025, 13:11 IST
SUMMARY
Quadrant Future Tek IPO comprised a fresh issuance of one crore equity shares. The company fixed the price band at ₹275 to ₹290 per share. The minimum lot size was 50 shares worth ₹14,500. The IPO listing date has been tentatively fixed as January 14.
Quadrant Future Tek is a manufacturer of new-generation train control and signalling system components.
Quadrant Future Tek IPO allotment: The initial public offer of Quadrant Future Tek got a resounding response from investors during the three-day subscription period, with the issue being subscribed more than 186 times. The focus now shifts to share allotment, which will likely be finalised on Friday, January 10.
The bidding for the ₹290-crore mainboard IPO started on a high note on January 7, as the issue was fully subscribed within hours of launch. On the last and final day of subscription, on January 9, the IPO closed with a subscription of 186.66 times.
According to exchange data, the mainboard issue attracted bids for more than 108.26 crore shares against 57.99 lakh shares on offer.
The retail investors placed bids for over 26.04 crore shares against the quota of 10.54 lakh shares, leading to a subscription of 246.94 times in the category. The non-institutional investors (NIIs) placed applications for more than 40.29 crore shares against 15.81 lakh shares on offer. The NIIs' category was booked 254.71 times.
The qualified institutional buyers (QIBs) placed bids for 41.93 crore shares against 31.63 lakh shares set aside for them. The QIBs quota was booked 132.54 times.
After finalising the share allocation, the company will inform successful bidders through emails and SMS. Investors can also track the share allotment status on the websites of IPO registrar Link Intime India Pvt Ltd, BSE and NSE. Follow these steps to check the IPO share allotment status.
Sundae Capital Advisors is the book-running lead manager. Link Intime India Private Ltd is the IPO registrar.
Quadrant Future Tek is a manufacturer of new-generation train control and signalling system components for the Indian Railways' KAVACH project.
The Mohali-based company has a speciality cable manufacturing facility with an electron beam irradiation centre. These cables are used in railway rolling stock and the naval (Defence) industry. As of September 30, 2024, the speciality cable division had a capacity of over 1,887 metric tonnes.
The company has proposed to utilise the IPO proceeds to finance long-term working capital requirements.
It will also use IPO proceeds to develop an electronic interlocking system and for general corporate purposes.
Quadrant Future Tek reported revenue of ₹65.13 crore in the April-September period of the financial year 2025. Its net loss was ₹12.1 crore during the period.
The company reported a revenue of ₹151.75 crore for 2023-24 and a net profit of ₹14.71 crore.
Ratio | Value |
---|---|
Debt to Equity | 3.05 |
ROCE | (10.34%) |
Return on Equity | (37.45%) |
PAT Margins | (18.50%) |
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