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Seshaasai Technologies Ltd IPO
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Quadrant Future Tek Ltd

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Quadrant Future Tek Ltd IPO Details

IPO Date

07 Jan 2025 - 09 Jan 2025

Listing Date

14 Jan 2025

Face Value

10

Price

₹275 - ₹290 per share

Lot Size

1 Lot (50 Shares)

Listing At

BSE, NSE

Employee Discount

₹0 per share

Issue Type

Book Building

Minimum Investment

₹14,500 / 1 Lot

Maximum Investment

₹1,88,500 / 13 Lot

Total Issue Size

₹290 Crores

Fresh Issue

₹290 Crores

Offer For Sale

NA

Retail Discount

₹0

Shareholding Pre Issue

3,00,00,000 Shares

Shareholding Post Issue

4,00,00,000 Shares

info

About Quadrant Future Tek Ltd IPO

Founding Year: 2015

Managing Director: Mohit Vohra

Schedule

    Here are the important dates you need to know in order to participate in this IPO

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Bidding starts

7th Jan

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Bidding ends

9th Jan

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Allotment of shares

10th Jan

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Initiation of refund

13th Jan

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Credit of shares to Demat account

13th Jan

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Listing date

14th Jan

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 93.33% 70%
Public Group 6.67% 30%

Quadrant Future Tek Ltd IPO Reservation

QIB Shares Offered 30,00,000 (30%)
NII (HNI) Shares Offered 15,00,000 (15%)
Retail Shares Offered 10,00,000 (10%)
Anchor Investor Shares Offered 45,00,000 (45%)
Total Shares Offered 1,00,00,000
Total Shares With Anchor Investor 1,00,00,000

Quadrant Future Tek Ltd IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 50 ₹14,500
Retail (Max) 13 650 ₹1,88,500
S HNI (Min) 14 700 ₹2,03,000
S HNI (Max) 68 3,400 ₹9,86,000
B HNI (MIN) 69 3,450 ₹10,00,500

Quadrant Future Tek Ltd IPO Anchor Investor Details

Bid Date January 06, 2025
Shares Offered 45,00,000
Anchor Investment Details 130.5

Quadrant Future Tek Ltd IPO registrar

MUFG Intime India Pvt Ltd
Phone Number + 91 81 0811 4949
Email Id quadrant.ipo@linkintime.co.in
Our Website www.linkintime.co.in

Quadrant Future Tek Ltd IPO Lead Manager

1. Sundae Capital Advisors Pvt Ltd

Quadrant Future Tek Ltd Financial Information

March 31, 2025 March 31, 2024 March 31, 2023
Net Worth ₹297.91 ₹46.51 ₹29.42
Reserves and Surplus ₹257.91 ₹36.51 ₹19.42
Total Borrowing ₹85.42 ₹81.61 ₹74

Quadrant Future Tek Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed
Qualified Institutional Buyers (QIBs) 31,63,636 41,93,10,850 132.5408
Non Institutional Investors (NIIs) 15,81,818 40,29,08,900 254.7126
NII(Bid amount of more than Ten Lakh Rupees) 10,54,546 27,42,52,100 260.0665
NII(Bid amount of more than 2 Lakh < 10 Rupees) 5,27,272 12,86,56,800 244.0046
Retail Individual Investors (RIIs) 10,54,545 26,04,12,750 246.9432
Total 57,99,999 1,08,26,32,500 186.6608

Strength of Quadrant Future Tek Ltd

  • Innovation and technological development undertaken by the Company for building Automatic Train Protection Systems.
  • Entered into an exclusive Memorandum of Understanding with RailTel for delivering the specific targeted opportunities related to KAVACH in Indian Railways and other Countries Railways.
  • We have in-house design and product development capabilities powering our Rail Signalling Products & Solutions.
  • Unique technology for the manufacture of cables that meets the stringent requirements for multiple industries, namely Railways, Naval Defence, Renewable Energy & Electric Vehicle sectors.
  • Advanced manufacturing facilities with a diverse range of power and control cables with focus on innovation and cost competitiveness.
  • Global emergence of market for irradiated cables in renewable energy and electric vehicles and supply of such irradiated cables to OEMs with high global market penetration.
  • Experienced Promoters and senior management team.

Risks Involved

  • The Company has passed through an incidence of litigation involving dispute inter-se its Promoters, namely Mohit Vohra, Amit Dhawan, Rupinder Singh, Aikjot Singh, Vishesh Abrol and Vivek Abrol, along with Mohan Krishan Abrol, Vipin Abrol and Parminder Kaur to remove Amrit Singh Randhawa and Rajbir Singh Randhawa from the Board of the Company on charges of carrying out certain competing activities in a company controlled by them (i.e. International Switchgears Private Limited) that poses a conflict of interest to the Company. The matter was escalated to NCLT and subsequently the same was amicably settled between the Promoters and Promoter Group and a settlement agreement was executed. Its cannot assure that such instance will not occur in future, which may adversely affect its business prospects and results of operations.
  • The Company, alongwith Vivek Abrol, Promoter & Director of the Company and Mohan Krishan Abrol have filed a settlement application under Securities and Exchange Board of India (Settlement Proceedings) Regulations, 2018 for delayed compliance under Regulation 54 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. Any adverse outcome in relation to such settlement application may impact its reputation.
  • Its business is dependent on the company single manufacturing facility, and its subject to certain risks in its manufacturing process. Any slowdown or shutdown in the company manufacturing operations could have an adverse effect on its business, financial condition and results of operations.
  • The markets in which its customers operate are characterized by sector specific to the industries which the company cater to, and their rapidly changing preferences, technologies and other related factors including lower manufacturing costs. Accordingly, its may be affected by any disruptions in the industry which can adversely impact the company business, financial condition, results of operations, cash flows and prospects.
  • The company has only recently expanded its operations into Train Control Systems and it may be difficult to predict and evaluate its performance and future prospects, for which a substantial portion of the Net Proceeds of the Issue shall be deployed since the company is yet to be awarded any contracts. Its Promoters also does not have significant background or experience in the train control systems segment under the railways industry. If the company cannot scale its business or manage its businesses effectively or are unable to successfully implement its strategies, the quality of its product and services and the company results of operations could be adversely affected.
  • The Company has received a purchase order on December 12, 2024 from Chittaranjan Locomotive Works (CLW) for the supply, installation, testing, and commissioning of On-board Kavach equipment in 1,200 locomotives for a purchase order aggregating to Rs. 9,786.06 million (including taxes). If the company fails to deliver its obligations in a timely manner, including delivery of Kavach equipment or maintenance obligation, its may have a material adverse effect on its business, financial performance, profitability, cash flows and future prospects for participation in similar tenders.
  • The determination of the Price Band and Issue Price is based on various factors and assumptions and the Issue Price may not be indicative of the Market Price of the Equity Shares after the Issue. Further, there are no listed companies that exclusively undertake the manufacturing of Speciality cables and also Train Controls and Signalling business and therefore qualitative or quantitative peer comparison cannot be undertaken.
  • There are certain errors noticed in its audited financial statements for the Fiscal 2022 and 2021 which does not require any corrective adjustment in the financial information. Any penalty or action taken by any regulatory authorizes for such erroneous disclosure may lead to penal action against the Company under the provisions of the Companies Act, 2013 for an amount of Rs. 10,000 and in case of continuing contravention of provisions of the Companies Act, 2013, with a further penalty of Rs. 1,000 each day subject to a maximum of Rs. 2,00,000 in case of a company and Rs.50,000 in case of officer in default.
  • There had been sudden change in the profit after tax of the Company during the Fiscal 2024, 2023 and 2022 and also the Company has incurred loss during the six months period ended September 30, 2024. Further, some of the financial ratios of the Company for the said period have variation of more than 20%. Any further sudden changes in profit after tax of the Company or significant variation in the ratios may have material adverse effect on its business, results of operations, financial condition, cash flows and future prospects.
  • There have been some instances of delayed filing with the Registrar of Companies and other noncompliances including errors and comissions under the Companies Act in the past which may attract penalties.
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Frequently Asked Questions

What is Quadrant Future Tek Ltd IPO?

Answer Field

Quadrant Future Tek Ltd IPO is a Mainboard IPO of 1,00,00,000 equity shares of a face value of ₹10 aggregating up to ₹290 Crores. The issue is priced at ₹275 to ₹290 per share. The minimum order quantity is 50 Shares. The IPO opens on January 07, 2025, and closes on January 09, 2025. MUFG Intime India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE,NSE.

When Quadrant Future Tek Ltd IPO will open?

Answer Field

The Quadrant Future Tek Ltd IPO opens on January 07, 2025 and closes on January 09, 2025.

What is the lot size of Quadrant Future Tek Ltd?

Answer Field

Quadrant Future Tek Ltd lot size is 50 shares, and the minimum amount required is ₹14,500.

How to apply for Quadrant Future Tek Ltd IPO?

Answer Field

You can apply in Quadrant Future Tek Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Quadrant Future Tek Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Quadrant Future Tek Ltd IPO will be done on January 10, 2025, and the allotted shares will be credited to your demat account by January 13, 2025.

When is Quadrant Future Tek Ltd IPO listing date?

Answer Field

The Quadrant Future Tek Ltd listing date is January 14, 2025.

Who is the registrar of Quadrant Future Tek Ltd IPO?

Answer Field

The registrar of Quadrant Future Tek Ltd IPO is MUFG Intime India Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Sundae Capital Advisors Pvt Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Quadrant Future Tek Ltd IPO?

Answer Field

The fresh issue size is ₹290 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Quadrant Future Tek Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 50 shares and ₹14,500 amount.

How can I approve the UPI mandate request for Quadrant Future Tek Ltd IPO?

Answer Field

To apply for Quadrant Future Tek Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Quadrant Future Tek Ltd?

Answer Field

The price of each Quadrant Future Tek Ltd share will be ranging in between ₹275 to ₹290 per share.

What is the cut-off time for the UPI mandate for Quadrant Future Tek Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, January 09, 2025.

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