Quadrant Future Tek Limited 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 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.

Quadrant Future Tek Limited Financial Information (Restated)

Quadrant Future Tek Limited’s revenue decreased by -1% and profit after tax (PAT) rose by 6% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets149.66142.82118.82112.77
Revenue65.14151.82152.95104.29
Profit After Tax-12.1114.7113.91.94
Net Worth34.1844.1129.4215.61
Reserves and Surplus4.1834.1119.425.61
Total Borrowing98.0181.617480.68
Amount in ₹ Crore

Key Performance Indicator

The market capitalization of Quadrant Future Tek IPO is Rs 1160.00 Cr.

KPI as of Sun, Mar 31, 2024.

KPIValues
ROE33.41%
ROCE26.12%
Debt/Equity1.86
RoNW33.41%
PAT Margin9.68
Price to Book Value19.73
 Pre IPOPost IPO
EPS (Rs)4.90-6.05
P/E (x)59.13-47.91
Note:
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2024 that is available in RHP.

Objects of the Issue (Quadrant Future Tek IPO Objectives)

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

  1. Funding long-term working capital requirements of the Company;
  2. Capital expenditure for the development of Electronic Interlocking System;
  3. Prepayment or repayment of all or a portion of outstanding working capital term loan availed by the Company; and
  4. General corporate purposes.

Quadrant Future Tek IPO Details

IPO DateJanuary 7, 2025 to January 9, 2025
Listing Date[.]
Face Value₹10 per share
Price Band₹275 to ₹290 per share
Lot Size50 Shares
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)
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE
Share Holding Pre Issue3,00,00,000 shares
Share Holding Post Issue4,00,00,000 shares

Quadrant Future Tek IPO 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

Share Holding Pre Issue93.33%
Share Holding Post Issue70%

SHARIAH SCREENING for - Quadrant Future Tek Limited IPO

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BUSINESS SCREEN

FINANCIAL RATIOS

As per our analysis and Based on the information we have, this is the output.
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