Quadrant Future Tek IPO Allotment Status Highlights: Quadrant Future Tek IPO, a book-built issue worth Rs 290 crores, was open for bidding between January 7 and January 9. The IPO consists entirely of a fresh issue of 1 crore equity shares, with a price band set between the range of Rs 275 to Rs 290 per share. Sundae Capital Advisors is as the lead book-running manager, while Link Intime India Private is appointed as the registrar for the issue.

The allotment of shares are likely to be finalised today, January 10. The company is set to debut on both the BSE and NSE, with the tentative listing date scheduled for Tuesday, January 14.

Live Updates

Quadrant Future Tek IPO Allotment Status Live Updates: Read Here Live Coverage on Quadrant Future Tek IPO GMP, Price Band, Review

17:28 (IST) 11 Jan 2025

Quadrant Future Tek IPO Allotment Status Live: Key Performance Indicators

As of March 31, 2024, Quadrant Future Tek has a market capitalization of ₹1160.00 crore. Key performance indicators include a Return on Equity (ROE) of 33.41%, Return on Capital Employed (ROCE) of 26.12%, and a Debt-to-Equity ratio of 1.86. The Return on Net Worth (RoNW) stands at 33.41%, while the Profit After Tax (PAT) margin is 9.68%. Additionally, the Price-to-Book Value ratio is 19.73.

16:49 (IST) 11 Jan 2025

Quadrant Future Tek IPO Allotment Status Live: Financials of Quadrant Tek IPO

As of September 30, 2024, Quadrant Future Tek reported total assets of Rs 149.66 crore, with a revenue of Rs 65.14 crore. The company recorded a loss of Rs 12.11 crore after tax. Its net worth stood at Rs 34.18 crore, while reserves and surplus amounted to Rs 4.18 crore. The total borrowing was Rs 98.01 crore.

15:49 (IST) 11 Jan 2025

Quadrant Future Tek IPO Allotment Status Live: About the company

Quadrant Future Tek, established in 2015, develops advanced Train Control and Signaling Systems for the Indian Railways‘ KAVACH project to enhance passenger safety. It operates a specialized cable manufacturing facility in Village Basma, Tehsil Banur, District Mohali, where it also tests and develops hardware for the Train Control & Signaling Division.

The company’s products meet ISO, IRIS, and TS standards, emphasizing strict Quality Management Systems. As of October 31, 2024, Quadrant Future Tek employed 295 people across its manufacturing, Railway Signaling & Embedded System Design center, and corporate functions.

15:20 (IST) 11 Jan 2025

Quadrant Future Tek IPO Allotment Status Live: Latest GMP price

The latest Grey Market Premium (GMP) for the Quadrant Future Tek IPO is Rs 152. With a price band of Rs 290.00, the estimated listing price of the IPO is Rs 442 (cap price plus today’s GMP). This suggests an expected potential gain of 52.41 per cent per share.

14:50 (IST) 11 Jan 2025

Quadrant Future Tek IPO Allotment Status Live: Tentative Schedule

The Quadrant Future Tek IPO was opened on January 7, 2025, and closed on January 9, 2025. The basis of allotment was finalized by Friday, January 10, 2025, with refunds to be initiated and shares credited to Demat accounts on Monday, January 13, 2025. The listing of the IPO is set for Tuesday, January 14, 2025. Additionally, the cut-off time for UPI mandate confirmation is 5 PM on January 9, 2025.

13:54 (IST) 11 Jan 2025

Quadrant Future Tek IPO Allotment Status Live: Anchor Investor details

Quadrant Future Tek IPO has raised Rs 130.50 crore from anchor investors, with the anchor bid date set for January 6, 2025. The IPO will offer 45,00,000 shares, with an anchor portion size of Rs 130.50 crore. The lock-in period for 50% of the anchor shares will end on February 9, 2025, while the remaining shares will be locked in until April 10, 2025.

13:18 (IST) 11 Jan 2025

Quadrant Future Tek IPO Allotment Status Live: Promoters holding before and after the issue

The promoters of Quadrant Future Tek IPO include Mohit Vohra, Amit Dhawan, Amrit Singh Randhawa, Rupinder Singh, Vishesh Abrol, Vivek Abrol, Aikjot Singh, and Rajbir Singh Randhawa. Prior to the issue, the promoters collectively hold 93.33% of the company’s shares, which will decrease to 70% after the issue.

12:41 (IST) 11 Jan 2025

Quadrant Future Tek IPO Allotment Status Live: Quadrant Future Tek IPO Lot Size

The Quadrant Future Tek IPO allows investors to bid for a minimum of 50 shares, with subsequent bids in multiples of 50. Retail investors can invest a minimum of Rs 14,500 for 50 shares (1 lot), and a maximum of Rs 1,88,500 for 650 shares (13 lots). For S-HNIs, the minimum investment starts at Rs 2,03,000 for 700 shares (14 lots), while the maximum investment is Rs 9,86,000 for 3,400 shares (68 lots). B-HNIs can bid a minimum of Rs 10,00,500 for 3,450 shares (69 lots).

12:11 (IST) 11 Jan 2025

Quadrant Future Tek IPO Allotment Status Live: Book-running lead manager and issue’s registrar

Sundae Capital Advisors is the book-running lead manager for the Quadrant Future Tek IPO, with Link Intime India Private Ltd serving as the issue’s registrar.

11:38 (IST) 11 Jan 2025

Quadrant Future Tek IPO Allotment Status Live: Basic details about the Quadrant Future Tek IPO

The price band for the Quadrant Future Tek IPO is set between Rs 275 and Rs 290 per share. The minimum application lot size is 50 shares, with a minimum investment of Rs 14,500 for retail investors. For small non-institutional investors (sNII), the minimum investment is Rs 2,03,000 for 14 lots (700 shares), while for big non-institutional investors (bNII), the minimum investment is Rs 10,00,500 for 69 lots (3,450 shares).

11:12 (IST) 11 Jan 2025

Quadrant Future Tek IPO Allotment Status Live: Quadrant Future Tek IPO Share Allocation

The Quadrant Future Tek IPO consists of 0.55 crore equity shares. Of this, 0.10 crore shares are allocated to retail investors, 0.30 crore shares to qualified institutional buyers, and 0.15 crore shares to non-institutional investors.

10:31 (IST) 11 Jan 2025

Quadrant Future Tek IPO Allotment Status Live: Subsription Status of Quadrant Future Tek IPO

The Quadrant Future Tek IPO has been subscribed 195.96 times in total. The subscription breakdown is as follows: 256.46 times in the retail category, 139.77 times in the Qualified Institutional Buyer (QIB) category, and 268.03 times in the Non-Institutional Investor (NII) category.

09:54 (IST) 11 Jan 2025

Quadrant Future Tek IPO Allotment Status Live: Comments by Gaurav Garg, Research Analyst

Gaurav Garg, Research Analyst at Lemonn Markets Desk commented,“The Indian Specialty Cable and Train Control System market is expected to witness significant growth. The company’s position as a leading Original Equipment Manufacturer (OEM) is bolstered by a strategic Memorandum of Understanding (MoU) with RailTel Corporation to supply KAVACH, along with a substantial Rs 978.6 crore order secured from Chittaranjan Locomotive Works (CLW). These strong growth drivers make us recommend subscribing to the IPO.

However, with a small issue size of Rs 290 crore and a 10 per cent retail quota, the chances of allotment in the retail segment appear limited. In the bNII category, the likelihood of allotment improves with larger application sizes.”

17:36 (IST) 10 Jan 2025

Quadrant Future Tek IPO Allotment Status Live: Check allotment status online

The registrar of Quadrant Future Tek IPO, Link Intime India, will finalise the allotment of shares on January 10. Investors who have applied for the IPO shares can check the allotment status online on NSE and Link Intime India’s website.

Read more: Here’s how to check status online on NSE and Link Intime

17:05 (IST) 10 Jan 2025

Quadrant Future Tek IPO Allotment Status Live: Geojit Financial Services on IPO

“At the upper price band of Rs 290, Quadrant Future Tek is available at a P/E of 78.8x (FY24), which appears expensive compared to peers. However, the company’s entry into train control systems (TCS) and government support for railway modernization are positives,” said Geojit Financial Services in an IPO note.

15:28 (IST) 10 Jan 2025

Quadrant Future Tek IPO Allotment Status Live: GMP update

The company’s shares were commanding a premium of more than 65% in the grey market to its issue price. This indicates a listing around a price of Rs 480. Market participants keep an eye on GMP to track listing gains. The grey market is an unofficial place to trade shares ahead of listing.

15:02 (IST) 10 Jan 2025

Quadrant Future Tek IPO Allotment Status Live: GMP update

The shares of Quadrant Future Tek in the grey market were recently trading at a premium of Rs 184, indicating a listing price of around Rs 474, which is 63.45% higher than the issue price of Rs 290 per share.

14:25 (IST) 10 Jan 2025

Quadrant Future Tek IPO Allotment Status Live: Key participants in the anchor book

Quadrant Future Tek IPO has participation from both foreign and domestic institutional investors. Key participants in the anchor book include Citigroup Global Markets Mauritius Private, Capri Global Capital , Shubhkam Ventures, Whiteaok Mutual Fund, LIC Mutual Fund, Kotak Mutual Fund, Bank of India Mutual Fund, Bengal Finance and Investment Private, PGIM India, and Sundram Alternative, among others.

13:43 (IST) 10 Jan 2025

Quadrant Future Tek IPO Allotment Status Live: Financial highlights

Quadrant Future Tek saw a slight drop in revenue by 1% for the financial year ending March 31, 2024, compared to the previous year. However, the company’s profit after tax (PAT) increased by 6% during the same period.

12:59 (IST) 10 Jan 2025

Quadrant Future Tek IPO Allotment Status Live: BP Equities on IPO

“The issue is valued at a price-to-earnings (P/E) ratio of 59.1x on the upper price band based on FY24 earnings, which is deemed fair compared to its peers. Considering the above compelling factors, we recommend a “SUBSCRIBE” rating for this issue,” BP Equities in an IPO note.

12:32 (IST) 10 Jan 2025

Quadrant Future Tek IPO Allotment Status Live: Fund utilisation

Quadrant Future Tek plans to use the net proceeds raised from the issue for several purposes. This includes funding long-term working capital needs, spending on the development of an Electronic Interlocking System, paying off part or all of its existing working capital loans, and covering general corporate expenses.

11:48 (IST) 10 Jan 2025

Quadrant Future Tek IPO Allotment Status Live: Subscription numbers

Quadrant Future Tek IPO received an overwhelming response, being subscribed 195.96 times by the close of Day 3 on January 9. The issue was subscribed 256.46 times by retail investors, 139.77 times by QIBs, and 268.03 times by NIIs.

11:17 (IST) 10 Jan 2025
Quadrant Future Tek IPO Allotment Status Live: Lemonn on IPO

“The Indian Specialty Cable and Train Control System market is expected to witness significant growth. The company’s position as a leading Original Equipment Manufacturer (OEM) is bolstered by a strategic Memorandum of Understanding (MoU) with RailTel Corporation to supply KAVACH, along with a substantial ₹978.6 crore order secured from Chittaranjan Locomotive Works (CLW). These strong growth drivers make us recommend subscribing to the IPO. However, with a small issue size of ₹290 crore and a 10% retail quota, the chances of allotment in the retail segment appear limited. In the bNII category, the likelihood of allotment improves with larger application sizes,” said Gaurav Garg, Research Analyst at Lemonn Markets Desk .

10:50 (IST) 10 Jan 2025

Quadrant Future Tek IPO Allotment Status Live: How to check the status

The allotment for Quadrant Future Tek IPO is likely to be finalised today, January 10. Investors who participated in the IPO can check their status through platforms such as NSE, BSE, and the registrar, Link Intime.

10:32 (IST) 10 Jan 2025

Quadrant Future Tek IPO Allotment Status Live: GMP update

As per the recent trend, Quadrant Future Tek shares are trading at a grey market premium of Rs 190, estimating a potential listing price of Rs 480 per share, which is 65.52% higher than the IPO‘s upper price band of Rs 290 per share.

09:47 (IST) 10 Jan 2025

Quadrant Future Tek IPO Allotment Status Live: SBI Securities on IPO

“The company is valued at FY24 P/E multiple of 79.0x at post issue

capital of upper price band. The company’s Revenue/EBITDA/PAT achieved CAGR of 20.6%/96.5%/175.2% to Rs 152 cr/Rs 37 cr/Rs 15 cr during FY22-FY24 period. Among peers, the company leads with an EBITDA margin of 24.1% in FY24 and its return ratios are equally competitive. The industry forecast indicates a robust growth for the Indian Specialty Cable and Train Control System market projected to expand at a CAGR of 9.8% and 12.7% from CY24E-CY30E period. Additionally, the strategic MoU signed with RailTel Corp. to provide KAVACH coupled with recent order win from Chittaranjan Locomotive Works (CLW) of Rs 978.6 cr, solidifies the company’s position as a premier Original Equipment Manufacturer (OEM). Given these compelling factors, we recommend the investors to subscribe the issue,” said SBI securities in an IPO note.

09:29 (IST) 10 Jan 2025
Quadrant Future Tek IPO Allotment Status Live: Anchor investors

The company secured Rs 130.5 crore from institutional investors via its anchor book, allotting 45 lakh shares at a price of Rs 290 each.

09:15 (IST) 10 Jan 2025

Quadrant Future Tek IPO Allotment Status Live: About the company

Quadrant Future Tek, a tech-based company, specialises in designing advanced train control and signaling systems. Founded in September 2015, the company is known for its focus on innovation and quality. It plays a key role in railway projects like the KAVACH system, which is designed to improve safety and efficiency for Indian Railways.