Quadrant Future Tek IPO subscribed overall 195.96 times on the last day, while A retail quota was subscribed 256.46 times, QIB subscribed 139.77 times, and NII quota subscribed 268.03 times respectively.
Details About Quadrant Future Tek IPO
Quadrant Future Tek got approval from SEBI for an IPO of ₹290 crores which is entirely comprised of fresh issue of ₹290 crores to raise funds and maintain financial stability. The face value of each share was Rs 10 each. Moreover, the company has set up a price band between ₹275 to ₹290 per share. In this IPO total of 50 shares were available in 1 lot size for the minimum Retail category and for the maximum retail category 650 shares in 13 lot sizes. S-HNI (Min) has a total of 700 shares in 14 lot sizes, while B-HNI Minimum has a total of 3,450 shares available in 69 lot sizes.
To invest in this IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum investment of ₹14,500 and maximum investment of₹1,88,500.
- Small HNI (S-HNI): Minimum investment of ₹2,03,000.
- Big HNI (S-HNI): Minimum investment of ₹10,00,500.
Subscription duration of Quadrant Future Tek IPO
The opening date of the Quadrant Future TekIPO subscription was January 7, 2025, and the close date was January 9, 2025. The Quadrant Future Tek IPO allotment was finalized on January 10, 2025, and the IPO listing is on January 14, 2025.
Funds Deployment of This Company
The company plans to use the money raised from the new shares for the following purposes:
- Funding the company’s long-term working capital needs;
- Investing in the development of an Electronic Interlocking System;
- Paying off all or part of the company’s existing working capital term loan.
- General corporate purposes
About Quadrant Future Tek IPO
Founded in 2015, Quadrant Future Tek Research is a leading company dedicated to developing innovative systems and conducting research to manage train operations. This approach plays a crucial role in ensuring the safety and efficiency of train systems. Additionally, the company provides specialized cables for the railway and naval (defense) sectors, including cables designed for solar cells and electric vehicles (EVs). This firm special in railway signaling and Embedded System Design center focused on developing Train Control products and solutions and also working on innovating train Collision Avoidance Systems and an Electronic Interlocking System under KAVACH, an Automatic Train Protection System which has the major motive of improving the preservation and soaring capacity on Indian railway. Further, it also has expert promoters with more than 20 years of experience in the railway sector and the manufacturing industry.
Quadrant Future Tek IPO Financial Background
The company earned ₹151.82 crore in revenue in 2024, compared to ₹152.95 crore in 2023. It reported a profit of ₹14.71 crore in 2024, up from ₹13.90 crore in 2023.
