Quadrant Future Tek
CLOSEDIPO Date: 7 Jan - 9 Jan 2025
Listing Date: 14 Jan 2025
Price Range
₹275 to ₹290 per share
Issue Size
290 Cr
Min Investment
₹13,750
Lot Size
50 Shares
Schedule of Quadrant Future Tek
Issue open date
7 Jan 2025
Issue close date
9 Jan 2025
UPI mandate deadline
9 Jan 2025 (5 PM)
Allotment finalization
10 Jan 2025
Share credit
13 Jan 2025
Listing date
14 Jan 2025
Mandate end date
24 Jan 2025
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 290 Cr |
| Fresh Issue | 290 Cr |
| Offer for Sale | 0 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 10 Jan 2025 |
| Allotment Link | {Link} |
Grey Market PremiumNew
Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | Ipo Price | GMP | Estimated Listing Price |
|---|---|---|---|
| 14 Jan 2025 | ₹290 | ₹120 | ₹410 (41.38%) |
| 13 Jan 2025 | ₹290 | ₹120 | ₹410 (41.38%) |
| 11 Jan 2025 | ₹290 | ₹145 | ₹435 (50%) |
| 10 Jan 2025 | ₹290 | ₹189 | ₹479 (65%) |
| 9 Jan 2025 | ₹290 | ₹189 | ₹479 (65%) |
| 8 Jan 2025 | ₹290 | ₹210 | ₹500 (72.41%) |
| 7 Jan 2025 | ₹290 | ₹210 | ₹500 (72.41%) |
| 6 Jan 2025 | ₹290 | ₹209 | ₹499 (72%) |
| 5 Jan 2025 | ₹290 | ₹180 | ₹470 (62%) |
| 4 Jan 2025 | ₹290 | ₹139 | ₹429 (48%) |
Performance Quadrant Future Tek
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| ₹275 to ₹290 per share | ₹ 377 (27.59%) | ₹ 519.75 | 79.22% |
About Quadrant Future Tek
Quadrant Future Tek Limited was established in 2015. It focuses on manufacturing specialty cables and advanced train control systems. The company serves key industries such as railways, defence, aerospace, and electric vehicles. With expertise in producing fire-resistant and lightweight cables, it ensures safety and reliability for critical applications. The business also plays a significant role in India’s rail safety with its Kavach system, an advanced automatic train protection system.
| Founded in | 2015 |
| Managing director | Mr. Mohit Vohra |
| Parent organization | Quadrant Future Tek Ltd |
Financial Overview
Strengths
- Quadrant Future Tek develops a comprehensive train control system enhancing rail safety.
- Signed MoU with RailTel for long-term working capital funding.
- Strong in-house expertise in railway signalling product design and development.
Risks
- Promoter disputes may impact governance and operations
- Heavy reliance on the Mohali facility poses operational risks.
- Revenue depends on Indian Railways policies and tender awards.
- High working capital needs; shortfalls could severely affect operations.
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | 139 |
| Non-Institutional Investors (NIIs) | 268 |
| Retail Individual Investors (RIIs) | 256 |
| Employee | N/A |
| Total | 195.96 |