Quadrant Future Tek IPO Live
Already have an account? Apply now
Schedule of Quadrant Future Tek
| Issue open date | 07 Jan 2025 |
| Issue close date | 09 Jan 2025 |
| UPI mandate deadline | 09 Jan 2025 (5 PM) |
| Allotment finalization | 10 Jan 2025 |
| Refund initiation | 13 Jan 2025 |
| Share credit | 13 Jan 2025 |
| Listing date | 14 Jan 2025 |
| Mandate end date | 24 Jan 2025 |
| Lock-in end date for anchor investors (50%) | 09 Feb 2025 |
| Lock-in end date for anchor investors (remaining) | 10 Apr 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Quadrant Future Tek
Quadrant Future Tek Limited was established in 2015. It focuses on manufacturing specialty cables and advanced train control systems. The company serves key industries such as railways, defence, aerospace, and electric vehicles. With expertise in producing fire-resistant and lightweight cables, it ensures safety and reliability for critical applications. The business also plays a significant role in India’s rail safety with its Kavach system, an advanced automatic train protection system.
Financials of Quadrant Future Tek
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹290 crores |
| Fresh Issue | ₹290 crores |
Strengths
- Quadrant Future Tek develops a comprehensive train control system enhancing rail safety.
- Signed MoU with RailTel for long-term working capital funding.
- Strong in-house expertise in railway signalling product design and development.
Risks
- Promoter disputes may impact governance and operations.
- Heavy reliance on the Mohali facility poses operational risks.
- Revenue depends on Indian Railways policies and tender awards.
- High working capital needs; shortfalls could severely affect operations.
- Lacks long-term contracts; operates mainly via purchase orders and tenders.
Allotment Status for Quadrant Future Tek
To check your allotment status – click here.
Subscription Figures for Quadrant Future Tek
Subscription numbers as of 5:00 PM on 08 Jan 2025:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 31.63 | 14.53 | 0.46x |
| HNI (₹2L+) | 15.81 | 1378.83 | 87.17x |
| Retail (upto ₹2L) | 10.54 | 1445.09 | 137.04x |
| Total | 57.99 | 2838.47 | 48.94x |