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Business News/ Markets / Ipo/  Quadrant Future Tek IPO Day 2 Live Updates: Issue booked 48.99x so far, retail portion subscribed 136.06x. Check GMP
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Quadrant Future Tek IPO Day 2 Live Updates: Issue booked 48.99x so far, retail portion subscribed 136.06x. Check GMP

Quadrant Future Tek IPO Day 2 Live Updates: Quadrant Future Tek IPO consists solely of a new issue worth up to 290 crore. The issue, which has a price band set between 275-290 per share for its initial offering, is set to open for public subscription on Tuesday and will close on Thursday.

Quadrant Future Tek IPO Day 2 Live Updates: Quadrant Future Tek Ltd will begin its public subscription on Tuesday, January 7. (https://ipocentral.in/)Premium
Quadrant Future Tek IPO Day 2 Live Updates: Quadrant Future Tek Ltd will begin its public subscription on Tuesday, January 7. (https://ipocentral.in/)

Quadrant Future Tek IPO Day 2 Live Updates: Quadrant Future Tek Ltd's initial public offering was entirely subscribed within minutes of its share sale launch on Tuesday, concluding the day with a subscription rate of 15.84 times, according to BSE data. The segment allocated for Retail Individual Investors (RIIs) achieved a subscription rate of 54.84 times, while the portion for non-institutional investors saw a subscription rate of 21.51 times. The share allocation for Qualified Institutional Buyers (QIBs) was subscribed at a rate of 5 percent.

Quadrant Future Tek Ltd began its public subscription on Tuesday, January 7. The company has set the price range for its 290-crore initial public offering (IPO) between 275 and 290 per equity share, which will run until Thursday, January 9. 

On Monday, Quadrant Future Tek announced that it had secured over 130 crore from anchor investors just a day prior to opening its initial share sale to the public. The entire 290-crore initial public offering consists solely of a new issue with no portion dedicated to an offer for sale. 

The funds raised from this issuance will be directed towards fulfilling long-term working capital needs. The proceeds from the IPO will also contribute to capital expenditures related to the development of the electronic interlocking system, repayment of debt, and the remainder will be utilized for general corporate purposes. 

Quadrant is a research-driven company focused on creating advanced train control and signaling systems as part of the Indian Railways’ KAVACH project, which provides the utmost safety and reliability for rail travelers. Additionally, the company operates a specialized cable manufacturing facility that includes an electron beam irradiation center, producing cables that are utilized in railway rolling stock and the naval defense sector.

08 Jan 2025, 05:18:24 PM IST

Quadrant Future Tek IPO Day 2 Live Updates: Issue booked 48.99 times so far on second bidding day

The initial public offer of Quadrant Future Tek IPO has been subscribed 48.99 times on the second day of subscription today, at 17:00 IST, as per BSE data.

The initial share sale received bid for 28,41,22,850 shares against 57,99,999 shares on offer, according to BSE.

The portion for retail investors received 137.21 times subscription while the quota for non-institutional investors got subscribed 87.22 times. The qualified institutional buyers (QIBs) part is booked 46%.

08 Jan 2025, 04:52:09 PM IST

Quadrant Future Tek IPO Day 2 Live Updates: Issue booked 48.57 times so far on second bidding day 

The initial public offer of Quadrant Future Tek IPO has been subscribed 48.57 times on the second day of subscription today, at 16:45 IST, as per BSE data.

The initial share sale received bid for 28,16,87,500 shares against 57,99,999 shares on offer, according to BSE.

The portion for retail investors received 136.06 times subscription while the quota for non-institutional investors got subscribed 86.46 times. The qualified institutional buyers (QIBs) part is booked 46%.

08 Jan 2025, 04:32:53 PM IST

Quadrant Future Tek IPO Day 2 Live Updates: All you need to know about Train control systems

  • Automatic Train Protection
  • Dispatch Centralized System
  • Centralized Monitoring System

08 Jan 2025, 04:08:06 PM IST

Quadrant Future Tek IPO Day 2 Live Updates: Check out key risks 

  • The company faced a litigation dispute among promoters regarding alleged conflicts of interest involving board members engaged in competing activities. This issue was resolved amicably after reaching the NCLT. However, there remains a risk that similar disputes could occur in the future, potentially affecting the company’s operations and prospects.
  • The company, along with Vivek Abrol and Mohan Krishan Abrol, has filed a settlement application with SEBI for delayed compliance, which could potentially impact its reputation if resolved unfavorably.

08 Jan 2025, 03:51:58 PM IST

Quadrant Future Tek IPO Day 2 Live Updates: Issue booked 44.53 times so far on second bidding day

The initial public offer of Quadrant Future Tek IPO has been subscribed 44.53 times on the second day of subscription today, at 15:45 IST, as per BSE data.

The initial share sale received bid for 25,82,80,350 shares against 57,99,999 shares on offer, according to BSE.

The portion for retail investors received 129.28 times subscription while the quota for non-institutional investors got subscribed 76.57 times. The qualified institutional buyers (QIBs) part is booked 26%.

08 Jan 2025, 03:33:04 PM IST

Quadrant Future Tek IPO Day 2 Live Updates: Strong Focus on Niche Markets

The company has been actively expanding its operations in niche segments like aerospace, defense, and renewable energy sectors, which require specialized cable solutions.

08 Jan 2025, 03:15:38 PM IST

Quadrant Future Tek IPO Day 2 Live Updates: Check out business strategies 

  • To continue focus on new products through constant research and development.
  • Expansion of business to other areas of Automatic Train Protection and railway safety. 
  • Expansion of cable business in new sectors
  • Continue to grow share of the business from non promoter group companies

08 Jan 2025, 02:56:27 PM IST

Quadrant Future Tek IPO Day 2 Live Updates: Check out India Train Control System Market Size

In CY23, the market size of Automatic Train Protection System segment was valued at USD 113 Mn. While, the market size of Dispatch Centralized System was valued at USD 29 Mn.

08 Jan 2025, 02:33:01 PM IST

Quadrant Future Tek IPO Day 2 Live Updates: All you need to know about the firm 

Quadrant Future Tek Limited is a research-focused company specializing in Train Control and Signalling Systems under the KAVACH project, enhancing safety and reliability for Indian Railways. It also manufactures specialty cables for railways, defence, and renewable energy, using advanced Electron Beam technology for superior performance.

08 Jan 2025, 02:06:06 PM IST

Quadrant Future Tek IPO Day 2 Live Updates: Issue booked 37.47 times so far on second bidding day

The initial public offer of Quadrant Future Tek IPO has been subscribed 37.47 times on the second day of subscription today, at 14:00 IST, as per BSE data.

The initial share sale received bid for 21,73,03,500 shares against 57,99,999 shares on offer, according to BSE.

The portion for retail investors received 111.93 times subscription while the quota for non-institutional investors got subscribed 62.36 times. The qualified institutional buyers (QIBs) part is booked 20%.

08 Jan 2025, 01:39:42 PM IST

Quadrant Future Tek IPO Day 2 Live Updates: Here's what Gaurav Garg, Lemonn Markets Desk says about the issue 

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.

08 Jan 2025, 01:16:37 PM IST

Quadrant Future Tek IPO Day 2 Live Updates: All you need to know about Related Party Transaction

Over FY22-24, sale of transaction to related party constituted around 20-34% of revenue. Also, in H1FY25, it contributed ~44% of revenue from operations. Related party transaction is subject to conflict of interest, which could be detrimental to business functioning.

08 Jan 2025, 01:00:30 PM IST

Quadrant Future Tek IPO Day 2 Live Updates: All you need to know about Specialty Cables division

The Specialty Cables division manufactures and supplies both single and multi-core control and power cables, signaling cables, cables for locomotives and EMUs, as well as screened and un-screened single and multi-core power cables for naval ships. As of September 30, 2024, the Company’s Specialty Cable division had an installed capacity of 1,887.60 metric tonnes, which operated at an average capacity utilization of 50-55% during FY22-24.

In terms of revenue contribution within the Specialty Cable division, Indian Railways accounts for over 90%, with the remainder coming from Naval contracts under the defense sector.

08 Jan 2025, 12:46:36 PM IST

Quadrant Future Tek IPO Day 2 Live Updates: Issue booked 32.06 times so far on second bidding day

The initial public offer of Quadrant Future Tek IPO has been subscribed 32.06 times on the second day of subscription today, at 12:42 IST, as per BSE data.

The initial share sale received bid for 18,59,67,900 shares against 57,99,999 shares on offer, according to BSE.

The portion for retail investors received 99.62 times subscription while the quota for non-institutional investors got subscribed 50.97 times. The qualified institutional buyers (QIBs) part is booked 9%.

08 Jan 2025, 12:20:46 PM IST

Quadrant Future Tek IPO Day 2 Live Updates: All you need to know about single manufacturing facility

Its single manufacturing facility situated in Basma, Mohali, Punjab undertakes manufacturing and supply of Specialty Cables and Train Control & Signaling systems. Further, high capex equipment like Electron Beam Accelerator and polymer compounding line currently do not have backup. Any breakdown or failure of equipment and performance below expected levels of output could adversely affect its production performance.

08 Jan 2025, 12:09:52 PM IST

Quadrant Future Tek IPO Day 2 Live Updates: The firm has high dependence on top 5 customers

The company primarily generates revenue through its specialty cable division, as revenue from Train Control & Signaling Division is yet to materialize. On an average, Top five customer and Top customer contributes over 75% and 49% of its revenue respectively. Agreements with any of its customers are not long term in nature, and orders secured are subject to termination. Any delay, cancellation or failure to secure orders in the future could adversely impact business performance.

08 Jan 2025, 11:49:49 AM IST

Quadrant Future Tek IPO Day 2 Live Updates: Check out Indsec Securities views on the issue 

Till date, the company has primarily generated revenue through its Specialty Cables division. Further, their indigenously designed and developed TCAS (KAVACH System) has received necessary approval from Indian Railway / RDSO to be deployed and accordingly the company has attracted orders worth 168.6mn (5 stations and 10 train sets) and 9,786.06mn (1200 locomotives) from CLW under India Railway. In addition to this, they also intend to develop electronic interlocking system by utilizing IPO proceeds. Their MoU with RailTel also boost their ability to secure TCAS orders from Indian Railways. We thereby assign “Subscribe" rating to the IPO.

08 Jan 2025, 11:37:21 AM IST

Quadrant Future Tek IPO Day 2 Live Updates: Some key approvals 

Quadrant Future Tek is one the few manufacturers approved by RDSO, DGQA, and Indian Register of Shipping. 

08 Jan 2025, 11:17:20 AM IST

Quadrant Future Tek IPO Day 2 Live Updates: Issue booked 25.32 times so far on second bidding day

The initial public offer of Quadrant Future Tek IPO has been subscribed 25.32 times on the second day of subscription today, at 11:12 IST, as per BSE data.

The initial share sale received bid for 14,68,46,400 shares against 57,99,999 shares on offer, according to BSE.

The portion for retail investors received 81.41 times subscription while the quota for non-institutional investors got subscribed 38.44 times. The qualified institutional buyers (QIBs) part is booked 6%.

08 Jan 2025, 11:09:32 AM IST

Quadrant Future Tek IPO Day 2 Live Updates: Continue to grow share of their business from non promoter group companies

Over the years, the company has leveraged its expertise and experience to broaden its operations by including non-Promoter Group clients. The firm believes this has helped decrease their reliance on business from Promoter Group clients. The revenue generated from non-Promoter Group clients rose to 83.65% of their total revenue from operations in Fiscal 2024, compared to 65.81% in Fiscal 2022. For the six-month period ending September 30, 2024, the revenue from non-Promoter Group clients accounted for 62.99% of their total revenue from operations.

08 Jan 2025, 10:41:29 AM IST

Quadrant Future Tek IPO Day 2 Live Updates: Manufacturing cables for multiple industries

The company manufactures cables which meet stringent quality requirements and are used across multiple industries including railways, naval defense, renewable energy, and electric vehicle. The wires are equipped with Electron beam (E-beam) technology increases the strength, improves tensile strength, reduces flame spreading and smoke in case of fire, doesn’t affect performance at elevated temperatures and prevents short circuit.

08 Jan 2025, 10:24:49 AM IST

Quadrant Future Tek IPO Day 2 Live Updates: Issue booked 19.66 times so far on second bidding day

The initial public offer of Quadrant Future Tek IPO has been subscribed 19.66 times on the second day of subscription today, at 10:18 IST, as per BSE data.

The initial share sale received bid for 11,40,50,100 shares against 57,99,999 shares on offer, according to BSE.

The portion for retail investors received 65.08 times subscription while the quota for non-institutional investors got subscribed 28.62 times. The qualified institutional buyers (QIBs) part is booked 5%.

08 Jan 2025, 10:02:34 AM IST

Quadrant Future Tek IPO Day 2 Live Updates: Company's strengths 

  • Innovation and technological development undertaken by the Company for building Automatic Train Protection Systems.
  • Entered into an exclusive Memorandum of Understanding with RailTel for delivering the specific targeted opportunities related to KAVACH in Indian Railways and other Countries Railways.

08 Jan 2025, 09:45:53 AM IST

Quadrant Future Tek IPO Day 2 Live Updates: Check out Master Capital Services views on the issue 

Quadrant Future Tek Limited possessing domain expertise in Train Control and Signalling Systems plans to continuously invest in research, design, and innovation to build safer, valuable, cost-effective solutions. 

The company have invested a significant amount towards capital expenditure aggregating to 594.41 million till date in developing platform for Automatic Train Protection system, including TCAS and intend to continue investing in upgradation of the said system including addition of newer technologies to enhance design and development capabilities, particularly with a view to expand operations. Investors looking to invest can invest in the IPO for the long term.

08 Jan 2025, 09:35:12 AM IST

Quadrant Future Tek IPO Day 2 Live Updates: In-House Design and Development for Rail Signaling Solutions

Quadrant's innovative signaling solutions are powered by its in-house design and development expertise. To meet the safety requirements of Indian Railways, the business has created a patented Train Collision Avoidance System. High reliability and cost competitiveness are ensured by its state-of-the-art facilities in Bengaluru and Mohali, which facilitate integrated operations from software design to hardware manufacture.

08 Jan 2025, 09:18:32 AM IST

Quadrant Future Tek IPO Day 2 Live Updates: All you need to know about market opportunity for KAVACH

The market opportunity for KAVACH, India's indigenous Automatic Train Protection (ATP) system, is vast, driven by Indian Railways’ commitment to enhancing safety and efficiency. With plans to implement KAVACH across 44,000 km by 2029, including 20,000 locomotives and 8,000 stations, the project represents significant investment potential.

08 Jan 2025, 08:59:29 AM IST

Quadrant Future Tek IPO Day 2 Live Updates: Check out some investment rationale by brokerages 

  • Innovative Development in Automatic Train Protection Systems
  • Strategic Partnership with RailTel for KAVACH Deployment
  • In-House Design and Development for Rail Signalling Solutions
  • Unique Technology for High-Performance Specialty Cables
  • Advanced Manufacturing Facilities with Quality Focus
  • Global Demand for Specialty Cables in EV and Renewable Sectors
  • Market opportunity for KAVACH

08 Jan 2025, 08:44:34 AM IST

Quadrant Future Tek IPO Day 2 Live Updates: Check out Nirmal Bang's views on the issue 

Quadrant Future Tek Limited stands out with a healthy 24% EBITDA margin and impressive returns, including a 21% ROCE and 33% ROE, which highlight its profitability and operational efficiency. The company’s EV/order book ratio is reasonable at 1.3x. Considering these factors, along with its advanced technology, expanding order book, and long-term growth prospects, we assign a Subscribe rating to this IPO.

08 Jan 2025, 08:31:36 AM IST

Quadrant Future Tek IPO Day 2 Live Updates: Check GMP on the second bidding day 

Quadrant Future Tek IPO GMP today is +210. This indicates Quadrant Future Tek share price was trading at a premium of 210 in the grey market, according to investorgain.com.

Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Quadrant Future Tek share price is indicated at 500 apiece, which is 72.41% higher than the IPO price of 290.

Analyzing the grey market activities from the past 10 sessions, the IPO's GMP shows an upward trend today, indicating a robust listing. The minimum GMP recorded is 0, while the maximum GMP stands at 210, as per insights from investorgain.com experts.

'Grey market premium' indicates investors' readiness to pay more than the issue price.

07 Jan 2025, 06:31:26 PM IST

Quadrant Future Tek IPO Day 1 Live Updates: Issue booked 15.81 times so far on first bidding day

The initial public offer of Quadrant Future Tek IPO has been subscribed 15.81 times on the first day of subscription today, at 17:00 IST, as per BSE data.

The initial share sale received bid for 9,19,99,350 shares against 57,99,999 shares on offer, according to BSE.

The portion for retail investors received 54.84 times subscription while the quota for non-institutional investors got subscribed 21.51 times. The qualified institutional buyers (QIBs) part is booked 5%.

07 Jan 2025, 04:49:18 PM IST

Quadrant Future Tek IPO Day 1 Live Updates: Issue booked 15.35 times so far on first bidding day

The initial public offer of Quadrant Future Tek IPO has been subscribed 15.35 times on the first day of subscription today, at 17:00 IST, as per BSE data.

The initial share sale received bid for 9,19,99,350 shares against 57,99,999 shares on offer, according to BSE.

The portion for retail investors received 54.84 times subscription while the quota for non-institutional investors got subscribed 21.51 times. The qualified institutional buyers (QIBs) part is booked 5%.

07 Jan 2025, 03:41:47 PM IST

Quadrant Future Tek IPO Day 1 Live Updates: Check out growth strategies 

  • To continue focus on new products through constant research and development.
  • Make in India and focus on indigenization.
  • Expansion of business to other areas of Automatic Train Protection and railway safety.
  • Continue to grow share of their business from non-promoter group companies.
  • Expansion of cable business in new sectors.

07 Jan 2025, 03:36:37 PM IST

Quadrant Future Tek IPO Day 1 Live Updates: All you need to know about in-house design and product development capabilities

The company’s Railway Signalling and Embedded System Design center in Bengaluru and Hyderabad employs 28 people, representing about 9.49% of their workforce as of Oct’24. These are specialized in developing advanced Automatic Train Protection systems that are cost-competitive and innovative.

07 Jan 2025, 03:13:49 PM IST

Quadrant Future Tek IPO Day 1 Live Updates: Issue booked 12.10 times so far on first bidding day

The initial public offer of Quadrant Future Tek IPO has been subscribed 12.10 times on the first day of subscription today, at 15:09 IST, as per BSE data.

The initial share sale received bid for 7,01,61,850 shares against 57,99,999 shares on offer, according to BSE.

The portion for retail investors received 44.38 times subscription while the quota for non-institutional investors got subscribed 14.73 times. The qualified institutional buyers (QIBs) part is booked 2%.

07 Jan 2025, 02:52:37 PM IST

Quadrant Future Tek IPO Day 1 Live Updates: All you need to know about backward integration process

Quadrant has implemented backward integration for polymer compounding, copper processing, and electronic manufacturing services (EMS) to optimize costs and maintain supply chain control.

07 Jan 2025, 02:29:00 PM IST

Quadrant Future Tek IPO Day 1 Live Updates: Check out investment rationale of experts 

  • Entered into an exclusive Memorandum of Understanding with RailTel for delivering the specific targeted opportunities related to KAVACH in Indian Railways and other country's railways.
  • Advanced manufacturing facilities with a diverse range of power and control cables with a focus on innovation and cost competitiveness.

07 Jan 2025, 02:09:51 PM IST

Quadrant Future Tek IPO Day 1 Live Updates: Issue booked 10.19 times so far on first bidding day

The initial public offer of Quadrant Future Tek IPO has been subscribed 10.19 times on the first day of subscription today, at 14:06 IST, as per BSE data.

The initial share sale received bid for 5,91,10,450 shares against 57,99,999 shares on offer, according to BSE.

The portion for retail investors received 37.96 times subscription while the quota for non-institutional investors got subscribed 12.04 times. The qualified institutional buyers (QIBs) part is booked 1%.

07 Jan 2025, 01:47:48 PM IST

Quadrant Future Tek IPO Day 1 Live Updates:  Check out key details 

View Full Image
07 Jan 2025, 01:21:26 PM IST

Quadrant Future Tek IPO Day 1 Live Updates: Check out Cable Manufacturing Expertise

The company produces high-performance cables characterized by high melting points, lightweight design, non-toxicity, and durability. These cables are also cross-sold to the naval, defence, and electric vehicle (EV) sectors, enhancing cost efficiency and safety.

07 Jan 2025, 01:02:10 PM IST

Quadrant Future Tek IPO Day 1 Live Updates: All you need to know about client and order book

Railtel is among its major clients, with the company securing an order for 1,200 locomotives, scheduled for completion by November 2024.

07 Jan 2025, 12:50:04 PM IST

Quadrant Future Tek IPO Day 1 Live Updates: Issue booked 7.82 times so far on first bidding day

The initial public offer of Quadrant Future Tek IPO has been subscribed 7.82 times on the first day of subscription today, at 12:45 IST, as per BSE data.

The initial share sale received bid for 4,53,69,450 shares against 57,99,999 shares on offer, according to BSE.

The portion for retail investors received 29.58 times subscription while the quota for non-institutional investors got subscribed 8.95 times. The qualified institutional buyers (QIBs) part is booked 1%. 

07 Jan 2025, 12:24:16 PM IST

Quadrant Future Tek IPO Day 1 Live Updates: Check out some key risks 

  • Single manufacturing unit
  • Failure to deliver the product
  • Less experience in Train Control Systems

07 Jan 2025, 12:14:10 PM IST

Quadrant Future Tek IPO Day 1 Live Updates: All you need to know about RailTel partnership

The company has partnered exclusively with RailTel to deliver specific opportunities related to KAVACH for Indian Railways and other international railway systems. Under the terms of the MoU, RailTel has committed not to solicit, negotiate, accept, or engage with any other party regarding this specific business opportunity, ensuring exclusive collaboration with the company. This agreement makes the company eligible to supply KAVACH equipment as an OEM to RailTel for projects awarded to RailTel, including the implementation of the KAVACH system both in India and internationally.

07 Jan 2025, 11:58:25 AM IST

Quadrant Future Tek IPO Day 1 Live Updates: Issue booked 5.65 times so far on first bidding day

The initial public offer of Quadrant Future Tek IPO has been subscribed 5.65 times on the first day of subscription today, at 11:54 IST, as per BSE data.

The initial share sale received bid for 3,27,52,150 shares against 57,99,999 shares on offer, according to BSE.

The portion for retail investors received 22.42 times subscription while the quota for non-institutional investors got subscribed 5.75 times. The qualified institutional buyers (QIBs) part is yet to be booked.

07 Jan 2025, 11:38:32 AM IST

Quadrant Future Tek IPO Day 1 Live Updates: Industry Outlook 

The company caters to two different industries, namely (i) Indian Specialty Cables Industry with niche technology for manufacture of Speciality cables which has application in various industries including Railways, Naval Defence, Solar power & Electric Vehicle; and (ii) Train Control and Signalling System under Railways Industry towards Automatic Train Protection (ATP) and Automatic Train Operations (ATO) systems including KAVACH and growing demand in related technologies and development of new systems to enable safety and capacity augmentation in railways.

07 Jan 2025, 11:21:26 AM IST

Quadrant Future Tek IPO Day 1 Live Updates: Check out Canara Bank Securities views 

Quadrant Future Tek is currently valued at a price-to-earnings (P/E) ratio of 59x based on FY24 earnings, in line with industry peers also at a P/E of 59x, reflecting its growth potential. As Quadrant Future Tek scales operations, enhances integration and broadens its market reach, the company is well-positioned for sustainable growth.

Despite slower product adaptation by the total addressable market, Quadrant Future Tek has strategic positioning and a robust pipeline, therefore we recommend SUBSCRIBE, Quadrant Future Tek for long-term gains.

07 Jan 2025, 11:07:00 AM IST

Quadrant Future Tek IPO Day 1 Live Updates: Check out the firm's financials 

Quadrant Future Tek has experienced a compound annual growth rate (CAGR) of 44.85%, increasing its revenue from 72.83 crore in FY21 to 152.80 crore in FY23, with 100.37 crore reported for the nine-month period ending December 31, 2023. The company’s advantages include its technological know-how, comprehensive manufacturing capabilities, and solid partnerships, supported by experienced leadership under Mohit Vohra (Managing Director).

07 Jan 2025, 10:50:07 AM IST

Quadrant Future Tek IPO Day 1 Live Updates: Ventura has a ‘Subscribe’ tag on the issue 

The growing demand for automated railway safety systems under the “Make in India" initiative and increasing applications for E-beam cables in renewable energy and EV sectors present significant growth opportunities. With its innovative solutions, robust financial performance, and focus on quality, Quadrant Future Tek Limited is well positioned for sustained growth and offers a promising investment opportunity.

07 Jan 2025, 10:33:41 AM IST

Quadrant Future Tek IPO Day 1 Live Updates: Check out objects of the issue 

1. Funding long-term working capital requirements of the Company

2. Capital expenditure for the development of Electronic Interlocking System;

3. Prepayment or repayment of all or a portion of outstanding working capital

term

4. Loan availed by the Company and

5. General corporate purposes.

07 Jan 2025, 10:19:19 AM IST

Quadrant Future Tek IPO Day 1 Live Updates: Issue booked 56% so far on first bidding day, retail portion fully subscribed 

The initial public offer of Quadrant Future Tek IPO has been subscribed 56% on the first day of subscription today, at 10:15 IST, as per BSE data.

The initial share sale received bid for 32,53,050 shares against 57,99,999 shares on offer, according to BSE.

The portion for retail investors received 2.01 times subscription while the quota for non-institutional investors got subscribed 72%. The qualified institutional buyers (QIBs) part is yet to be booked.

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