Quadrant Future Tek IPO
- IPO Date07 Jan, 2025 to 09 Jan, 2025
- Listing Date14 Jan, 2025
- Face Value₹10 per share
- Issue Price₹275 to ₹290 per share
- Lot Size50 Shares
- Minimum Investment₹14,500
- Listing AtBSE, NSE
- Total Issue Size1,00,00,000 Shares
(aggregating up to ₹290.00 Cr) - Fresh Issue1,00,00,000 Shares
(aggregating up to ₹290.00 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue3,00,00,000
- Shareholding post issue4,00,00,000
IPO Dates
Closing Date
09 Jan, 2025
Initiation of Refunds
13 Jan, 2025
Listing Date
14 Jan, 2025
07 Jan, 2025
Opening Date
10 Jan, 2025
Basis of Allotment
13 Jan, 2025
Credit of Shares
Quadrant Future Tek Lot Size
Investors can bid for a minimum of 50 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 50 | ₹14,500 |
| B-HNI (Min) | 67 | 3450 | ₹10,00,500 |
| S-HNI (Min) | 14 | 700 | ₹2,03,000 |
| Retail (Max) | 13 | 650 | ₹1,88,500 |
| S-HNI (Max) | 68 | 3400 | ₹9,86,000 |
Quadrant Future Tek Promoter Holding
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.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 93.33% | 70% |
Quadrant Future Tek COMPANY INFORMATION
Quadrant Future Tek IPO is a book built issue of Rs 290.00 crores. The issue is entirely a fresh issue of 1.00 crore shares. Quadrant Future Tek IPO opens for subscription on January 7, 2025 and closes on January 9, 2025. The allotment for the Quadrant Future Tek IPO is expected to be finalized on Friday, January 10, 2025. Quadrant Future Tek IPO will list on BSE, NSE with tentative listing date fixed as Tuesday, January 14, 2025. Quadrant Future Tek IPO price band is set at ₹275 to ₹290 per share. The minimum lot size for an application is 50. The minimum amount of investment required by retail investors is ₹14,500. The minimum lot size investment for sNII is 14 lots (700 shares), amounting to ₹2,03,000, and for bNII, it is 69 lots (3,450 shares), amounting to ₹10,00,500. Sundae Capital Advisors is the book running lead manager of the Quadrant Future Tek IPO, while Link Intime India Private Ltd is the registrar for the issue.
Quadrant Future Tek, 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 and other countries' railways.
- In-house design and product development capabilities powering our Rail Signalling Products & Solutions.
- Advanced cable manufacturing technology that meets strict standards for Railways, Naval Defence, Renewable Energy, and Electric Vehicle sectors.
- Advanced manufacturing facilities with a diverse range of power and control cables with a focus on innovation and cost competitiveness.
FAQs About Quadrant Future Tek Ipo
Quadrant Future Tek IPO will open on 07 Jan, 2025 and close on 09 Jan, 2025. Investors must apply within this period to participate.
The Quadrant Future Tek IPO price band is set between ₹275.00 and ₹290.00 per share. The minimum lot size is 50, requiring an investment of at least ₹14500.00.
The Quadrant Future Tek IPO shares are expected to be listed on 14 Jan, 2025, subject to regulatory approvals and final allotment.
You can track your Quadrant Future Tek IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Quadrant Future Tek IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.