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.
| Purpose | Amount (₹ Cr) |
|---|---|
| Funding long-term working capital requirements of the Company | — |
| Capital expenditure for the development of Electronic Interlocking System | — |
| Prepayment or repayment of all or a portion of outstanding working capital term loan availed by the Company | — |
| General corporate purposes. | — |
| Metric | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Total Assets | 149.66 | 142.82 | 118.82 |
| Revenue | 65.14 | 151.82 | 152.95 |
| PAT | -12.11 | 14.71 | 13.90 |
| EBITDA | - | - | - |
| Net Worth | 34.18 | 44.11 | 29.42 |
| Reserves | 4.18 | 34.11 | 19.42 |
| Total Borrowing | 98.01 | 81.61 | 74.00 |
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 75,00,000 (75.00%) | — | ₹217.50 Cr |
| NII / HNI | — | 15,00,000 (15.00%) | — | ₹43.50 Cr |
| Retail (RII) | — | 10,00,000 (10.00%) | — | ₹29.00 Cr |
| Total | — | 1,00,00,000 (100.00%) | — | ₹290.00 Cr |
* Amount calculated at upper price band (₹290) · ** Total includes all investor categories
- 1 Initiation of Refund 13 Jan 2025
- 2 Credit of Shares to Demat 13 Jan 2025
- 3 Lock-in Period (30%) February 8, 2025
- 4 Lock-in Period (50%) April 9, 2025
- Retail allocation is weak at 10.0% of the total offering.
- HNI/NII demand is good at 15.0%.
- Institutional (QIB) interest is strong at 75.0%.
- Pre-issue EPS of ₹4.90 compares to post-issue EPS of ₹-6.05 after dilution.
This IPO has relatively lower interest or stretched valuation. Proceed with thorough research and caution.
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