Quadrant Future Tek came to market through an IPO that opened on 7 January 2025 and closed on 9 January 2025, and the shares listed on 14 January 2025 on BSE, NSE. The price band was ₹275 to ₹290 per share and one lot was 50 shares, so the minimum application was ₹14,500. The issue size was ₹290 crore. The whole issue was fresh shares, so the money raised went to the company.
Link Intime India Private Ltd was the registrar to the issue, and Sundae Capital Advisors was the lead manager.
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A Quadrant Future Tek Limited established in the year 2015 next-generation Train Control and Signaling Systems provider to KAVACH by Indian Railways for high security along with reliability toward its esteemed passengers. Company also produces specialty cables for clients of all over world; advanced production facility comes in hand with Electron Beam Irradiation Centre for any work.
Specialty cables and hardware for the train control and signaling solution manufacturing, testing, and development are focused at the company's state-of-the-art facility in Basma, Mohali, Punjab. Quality and innovation with the presence of a well-defined system complying with ISO, IRIS, and TS standards, Quadrant Future Tek focuses on critical sectors such as Railways, Naval Defence, Renewable Energy, and Electric Vehicles. Key Strengths: 1. The company has expertise in the development of Automatic Train Protection Systems.
Quadrant Future Tek has an exclusive MoU with RailTel for KAVACH project opportunities. 2. Advanced in-house design and manufacturing capabilities. 3. Specialty cables and rail signaling solutions using the latest technology. 4. Focus on innovation, cost-effectiveness, and strict quality standards. With a dedicated workforce of 295 employees as of October 2024, Quadrant Future Tek Limited is continuously moving forward with progress in railway signaling technology and specialty cable manufacturing, propelling India's infrastructure developments.
As described in the offer document.
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Quadrant Future Tek IPO: Firm mobilises Rs 130.5 crore via anchor book. Bengal Finance and Investment and Shine Star Build Cap are the largest institutional investors in the anchor book, buying 6.2 lakh equity shares for Rs 17.98 crore, and 6.08 lakh shares for Rs 17.63 crore, respectively. Whiteoak Capital picked up 5.25 lakh shares through its four schemes for Rs 15.2 crore, while Kotak Manufacture in India Fund purchased 4.75 lakh shares for Rs 13.77 crore.
Apart from these investors, LIC Mutual Fund, Bank of India Mutual Fund, Citigroup, Ashoka Whiteoak ICAV, Shubhkam Ventures, Capri Global Capital, PGIM India, Sundaram Alternative Opportunities Fund, The Argan Fund, Niveshaay Hedgehogs Fund, and Vijit Growth Fund also made investment in Quadrant Future Tek IPO via anchor book.
Mohit Vohra, Amit Dhawan, Amrit Singh Randhawa, Rupinder Singh, Vishesh Abrol, Vivek Abrol, Aikjot Singh, Rajbir Singh Randhawa. Promoter holding 93.33% before the issue and 70.00% after.
Work out the listing gain for this IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Quadrant Future Tek IPO was a ₹290 crore book-built issue, made up entirely of a fresh issue. It was priced at ₹275–₹290 per share with a lot size of 50 shares (₹14,500). The IPO was open from January 7 to January 9, 2025. Shares listed on BSE and NSE on January 14, 2025 at ₹370, a 27.6% premium to the issue price of ₹290. Link Intime India Private Ltd is the registrar.
Sundae Capital Advisors is the book running lead manager.
The price band of Quadrant Future Tek IPO is ₹275 to ₹290 per share.
The lot size of Quadrant Future Tek IPO is 50 shares.
The minimum investment for Quadrant Future Tek IPO is approximately ₹14,500 based on the upper price band.
The allotment date of Quadrant Future Tek IPO is Jan 10, 2025.
Quadrant Future Tek IPO's final recorded GMP before listing was ₹110 per share (a 38% premium over the ₹290 upper price band). The shares listed at ₹370. GMP is unofficial and does not forecast or guarantee the actual listing price.
Quadrant Future Tek IPO listed on Jan 14, 2025. It was issued at ₹370.0(NSE) and is currently around ₹385.45 as on 30-Oct-2026 3:30 PM, which is approximately 32.9% versus issue price. The 52-week high is ₹567.20.
You can check Quadrant Future Tek IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Quadrant Future Tek IPO allotment status on Rupix for quick and easy access.
₹275 to ₹290 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 50 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹14,500.
₹14,500, for one lot of 50 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 7 January 2025 and closed on 9 January 2025.
The basis of allotment was published on 10 January 2025 by Link Intime India Private Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 14 January 2025 on BSE, NSE.
The issue size was ₹290 crore. The fresh issue was 1,00,00,000 shares (aggregating up to ₹290 crore).