Quadrant Future Tek IPO Details, Financials, Valuation & Peers
Explore Quadrant Future Tek IPO details, including IPO dates, financial statements, valuation, peer comparison and more.
Overview
Quadrant Future Tek Limited is a research-driven company specializing in developing next-generation Train Control and Signaling Systems under the KAVACH project by Indian Railways. The company provides state-of-the-art safety and reliability solutions for railway passengers and operates a Specialty Cable Manufacturing Division equipped with an Electron Beam Irradiation Center. These specialty cables serve industries such as railways, defense, solar energy, and electric vehicles, catering to applications requiring fire safety, durability, and lightweight performance. Quadrant’s infrastructure includes advanced facilities for manufacturing, testing, and research, located in Mohali, Punjab, with dedicated design centers in Bengaluru and Hyderabad.
Key Points:
- Product Portfolio: Specializes in manufacturing railways rolling stock cables, naval defense cables, solar PV cables, EV cables, and connectors.
- Technology: Uses Electron Beam radiation technology for crosslinking polymers, enhancing thermal and mechanical properties.
- Certifications: Accredited with NQA and ROHS certifications, meeting national and international standards.
- Applications: Cables designed for rail vehicles, naval ships, electric vehicles, and renewable energy installations.
- Production Capacity: Installed capacity of 1,887.60 metric tonnes as of 2024 with advanced manufacturing techniques.
- KAVACH System: Developing India’s indigenously designed Train Collision Avoidance System under RDSO’s guidance, meeting SIL-4 safety standards.
- Milestones: Received technical clearance for field trials and participated in major tenders for Indian Railways.
- Project Wins: Secured orders for deploying the KAVACH system over 43.6 km of track and onboard 1,200 locomotives, with a project value exceeding ₹978.6 crore.
- Collaboration: MoU with RailTel Corporation to expand the adoption of KAVACH in India and internationally.
- Infrastructure: Fully integrated manufacturing facilities for hardware and software to support the Train Control & Signaling division.
Objects of the Issue
- Funding long-term working capital requirements of the Company;
- Capital expenditure for development for Electronic Interlocking System;
- Prepayment or repayment of all or a portion of outstanding working capital term loan availed by the Company
- General corporate purposes.
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 07 Jan - 09 Jan 2025 |
| IPO Price Band | ₹275 - ₹290 per share |
| Fresh Issue | ₹290 crore |
| Offer For Sale | NIL |
| Total IPO Size | ₹290 crore |
| Face Value | ₹10 |
| Listing On | BSE, NSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 07 Jan 2025 |
| IPO Closing Date | 09 Jan 2025 |
| Basis Of Allotment | 10 Jan 2025 |
| Refunds | 13 Jan 2025 |
| Demat Transfer | 13 Jan 2025 |
| IPO Listing Date | 14 Jan 2025 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Sep 2024 |
|---|---|---|---|---|
| Total Income | 104.29 | 152.95 | 151.82 | 65.14 |
| Total Expenses | 101.34 | 133.01 | 129.94 | 77.63 |
| Net Profit/Loss | 0.19 | 1.39 | 1.47 | -1.21 |
| NPM (*) | 1.82 | 9.04 | 9.68 | -18.50 |
| Total Assets | 112.77 | 118.82 | 142.82 | 149.66 |
| Total Liabilities | 97.16 | 89.40 | 98.71 | 115.49 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Sep 2024 |
|---|---|---|---|---|
| EPS | 0.63 | 4.61 | 4.90 | -4.02 |
| ROE (%) | 12.17 | 47.03 | 33.41 | -37.45 |
| ROCE (%) | 8.43 | 27.20 | 26.12 | -10.34 |
| D/E Ratio | 5.19 | 2.52 | 1.86 | 3.05 |
| Current Ratio | 1.45 | 1.19 | 1.18 | 1.00 |
| EBITDA MARGIN (%) | 9.12 | 17.36 | 24.15 | 1.25 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Quadrant Future Tek Limited | 151.82 | 59.18 | 4.90 | 33.31 | 14.70 |
| Kernex Micro Systems Limited | 19.60 | NA | -16.61 | -24.16 | 63.61 |
| HBL Power Systems Limited | 2,233.36 | 61.59 | 10.07 | 22.87 | 44.03 |
| Apar Industries Limited | 16,152.98 | 49.11 | 212.10 | 20.80 | 965.01 |
| Polycab India Limited | 18,039.44 | 64.85 | 118.93 | 21.90 | 544.95 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
IPO Reservation
| Investor Type | Shares Offered |
|---|---|
| Qualified Institutional Buyer (QIB) | Not more than 75% |
| Non-Institutional Investor (NII/HNI) | Not less than 15% |
| Retail Individual Investor (RII) | Not less than 10% |
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 139.77 |
| Non-Institutional Investor (NII/HNI) | 268.03 |
| Retail Individual Investor (RII) | 256.46 |
| Total | 195.96 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
MUFG Intime India Private Limited (Formerly known as Link Intime India Private Limited)
Phone: + 91 810 811 4949
Email: ipo.helpdesk@linkintime.co.in
Website: https://linkintime.co.in/
Company Promoters
- MOHIT VOHRA
- AMIT DHAWAN
- AMRIT SINGH RANDHAWA
- RUPINDER SINGH
- VISHESH ABROL
- VIVEK ABROL
- AIKJOT SINGH
- RAJBIR SINGH RANDHAWA
Lead Managers
- Sundae Capital Advisors Private Limited
Company Address
Quadrant Future Tek Limited
Village Basma Tehsil Banur, Distt Mohali - 140 417, Punjab, India
Phone: +91 172 402 0228
Email: cs_qftl@quadrantfuturetek.com
Website: www.quadrantfuturetek.com
FAQs
- What is the issue size of the Quadrant Future Tek IPO?The Quadrant Future Tek IPO has an issue size of ₹290 crore. This includes a fresh issue of ₹290 crore and an offer for sale (OFS) of NIL.
- What is the price band of the Quadrant Future Tek IPO?The price band for the Quadrant Future Tek IPO is ₹275 - ₹290 per share.
- What are the bidding dates for the Quadrant Future Tek IPO?The Quadrant Future Tek IPO will open for bidding on 07 Jan 2025 and close on 09 Jan 2025.
- What is the allotment date for the Quadrant Future Tek IPO?The allotment date for the Quadrant Future Tek IPO is 10 Jan 2025.
- What is the minimum lot size and investment required for the Quadrant Future Tek IPO?The minimum lot size for the Quadrant Future Tek IPO is 50 shares and the minimum investment required is ₹14,500.
- What is the listing date for the Quadrant Future Tek IPO?The listing date for the Quadrant Future Tek IPO is 14 Jan 2025.
- What is the Quadrant Future Tek IPO grey market premium?The grey market premium (GMP) for the Quadrant Future Tek IPO is currently at ₹120, with an expected listing gain of approximately 41.38%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.