Quadrant Future Tek IPO overview
Specialization & Incorperation
Formed in September 2015, Quadrant future tek Ltd. Specialize in advanced Train Control and signaling Systems. The thrust areas are the works on the Indian Railways’ KAVACH project in the domain of passenger safety as well as system reliability.
Key IPO Details
- Issue Size: ₹290 crore (fresh equity shares worth ₹1 crore)
- Price Band: ₹275–₹290 per share.
- Application Lot Size: Minimum 50 shares.
- Bidding Period: January 7–9, 2025.
- Registrar: Link Intime India Private Limited.
- Listing Date: On BSE and NSE tentatively January 14, 2025.
How to Check Quadrant Future Tek IPO Allotment Status
1. On BSE Website
- Head on to the BSE IPO Application Status page.
- Open “Equity” and the name Quadrant Future Tek.
- Just enter your PAN/Application Number and Verify the captcha.
- To view your Quadrant Future Tek IPO allotment status, click on Submit.
2. On NSE Website
- Visit the NSE IPO Bid Verification page.
- Register (if new) or log in.
- Input your application details and select QUADFUTURE.
- Select Check your allotment status by clicking the Get Data button.
3. Via Link Intime Website
- Click on the Link Intime IPO Allotment page.
- From the dropdown menu choose ‘Quadrant Future Tek’
- Your PAN, Application Number or DP/Client ID/ID can be entered.
- To access allotment information, click on Submit.
Quadrant Future Tek IPO Subscription Details
Market response to the IPO was overwhelming, with total subscription at 186.66 times the number of available shares. Here’s a breakdown:
- Retail Investors: Subscribed 246.94 times.
- Non-Institutional Investors (NIIs): Subscribed 254.71 times.
- Qualified Institutional Buyers (QIBs): Subscribed 132.54 times.
Use of IPO Proceeds
The proceeds from the Quadrant Future Tek IPO are strategically allocated to fuel business growth:
- Working Capital: Funding of long term needs in the specialty cable division.
- Product Development: Electronic Interlocking System investments.
- Debt Repayment: Prepayment/repayment of loans taken prior to the date.
- General Corporate Purposes: Support in business expansion as a whole.
FAB Clean Overview
| Field | Details |
|---|---|
| Symbol | FAB CLEAN |
| Volume | 6,36,800 |
| Average Trade Price | 167.27 |
| Last Trade Price | 169.57 |
| Day's Range | 135.66 - 322.18 |
| Last Trade Quantity | 1,600 |
| Lower Circuit | 135.66 |
| Upper Circuit | 322.18 |
| 52-Week High | 322.18 |
| 52-Week Low | 85.00 |
| Previous Close | 169.57 |
| Last Updated | 10 Jan 2025 03:15 PM |
Fabtech Technologies Cleanrooms Limited (IPO Details)
| Category | Shares Subscribed | Bid Amount (₹) | Subscription (x) |
|---|---|---|---|
| QIBs | 6,19,200 | 13,90,08,000 | 224.5x |
| HNIs | 4,65,600 | 6,91,81,6000 | 1485.86x |
| Retail | 10,86,400 | 7,76,83,520 | 715.05x |
| Total | 21,71,200 | 16,07,65,920 | 740.45x |
Quadrant Future Tek Business Strengths
Expertise in Railway Safety
The company is a pioneer in Train Control and Signaling which are keys to Indian Railways modernization under the flagship KAVACH initiative.
Diversified Product Portfolio
Located an Electron Beam Irradiation Centre for the manufacturing of specialty cables, Quadrant Future Tek is a private company focused on manufacturing advanced specialty cables. Its products cater to industries such as:
- Railways
- Defense (naval)
- Solar energy
- Electric vehicles (EVs)
State of the art infrastructure
The facility in Basma, Punjab, is highly advanced with the latest technology for their stringent testing and innovation. The company follows all the ISO, IRIS, and TS certifications.
E-E-A-T Alignment
- Experience: More than nine years experience in railway safety systems and specialty cables.
- Expertise: Compliant advanced manufacturing capabilities towards global standards.
- Authority: From the Indian Railways’ KAVACH project.
- Trustworthiness: Transparency in regarding IPO proceeds and certification in quality.
Quadrant Future Tek’s Growth Potential
Its immersion within the KAVACH project and its intent to invest in electronic interlocking systems means it is well positioned for both its growth prospects. Its revenue potential is further diversified across various industries such as railways, defense and EVs.
Key Listing Dates and Updates
- Allotment Date: January 10, 2025.
- Listing Date: January 14, 2025 (tentative).
| Fabtech Technologies IPO Details | Values |
|---|---|
| Issue Size | 32,64,000 shares (aggregating up to ₹27.74 Cr) |
| Fresh Issue | 32,64,000 shares (aggregating up to ₹27.74 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Shareholding Pre-Issue | 90,55,362 shares |
| Strength Factors | Details |
|---|---|
| Diverse Domain Expertise | Strong capabilities in cleanroom design, manufacturing, and installation across multiple sectors. |
| Risk Factors | Details |
|---|---|
| Negative Cash Flows | The company has experienced negative cash flows in prior periods, which could impact operations. |
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