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Open
7 Jan 2025
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Close
9 Jan 2025
3
Allotment
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Listing
Tue, Jan 14, 2025
Price Band
₹275 to ₹290
Issue Size
1,00,00,000 shares (agg. up to ₹290 Cr)
Lot Size
50 Shares
Listing Date
Tue, Jan 14, 2025
Latest GMP
₹120
Est. Gain
41.38%
✦ AI Insight
GMP Trend
14-01-2025₹120Est. ₹410+41.38%
13-01-2025₹120Est. ₹410+41.38%
12-01-2025₹145Est. ₹435+50%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 108.05x |
Restated Financials (₹ Cr.)
| Period Ended | 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 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Divine Power Energy Ltd. | SME | ₹22.75 Cr | ₹40 | 9.85 | ₹152.30 | +280.75% | ₹588.80 (-0.21%) |
| DCG Cables & Wires Ltd. | SME | ₹49.99 Cr | ₹100 | 76.34 | ₹85.50 | -14.50% | ₹54.10 (+1.98%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding long-term working capital requirements of the Company | 149.72 |
| 2 | Capital expenditure for development for Electronic Interlocking System | 24.38 |
| 3 | Prepayment or repayment of all or a portion of outstanding working capital term loan availed by Company | 23.62 |
| 4 | General Corporate Purposes | 63.06 |
| 5 | Issue Expenses | 29.23 |
| Total | 290.00 |
About Quadrant Future Tek IPO
Quadrant Future Tek Limited, incorporated in September 2015, develops next-generation Train Control and Signaling Systems for the Indian Railways' KAVACH project, enhancing safety and reliability for passengers. The company also has a speciality cable manufacturing facility with an Electron Beam Irradiation Centre. The company has a facility in Village Basma, Tehsil Banur, Distt Mohali, for manufacturing, testing, and developing speciality cables and hardware for the Train Control & Signalling Division. The company is technology-driven, with products that meet ISO, IRIS, and TS standards and follow strict Quality Management Systems for speciality cables. The company manufactures, tests, and develops speciality cables at its Village Basma, Tehsil Banur facility, District Mohali, Punjab. As of October 31, 2024, the company had 295 employees at its manufacturing facility, Railway Signalling & Embedded System Design centre and corporate function. Competitive Strength: The Company is engaged in the innovation and technological development of Automatic Train Protection Systems. Entered an exclusive Memorandum of Understanding with RailTel to pursue KAVACH opportunities in Indian Railways
Contact Details
Quadrant Future Tek Ltd. AddressVillage BasmaTehsilBanurMohali, Punjab, 140417+91 172 402 0228cs_qftl@quadrantfuturetek.comVisit Website