Quadrant Future Tek
Listed
Listed
IPO Timeline
Issue open date
7 Jan 2025Issue close date
9 Jan 2025UPI mandate deadline
9 Jan 2025Allotment finalization
10 Jan 2025Refund initiation
13 Jan 2025Share credit
13 Jan 2025Listing date
14 Jan 2025Mandate end date
24 Jan 2025Lock-in end date for anchor investors (50%)
9 Feb 2025Lock-in end date for anchor investors (remaining)
10 Apr 2025Grey Market Premium Trend
₹140
Current GMP
₹430
Est. Listing Price
48.3%
Est. Listing Gain
₹275 - ₹290
Price Band
GMP History
| Date | GMP (₹) | Est. Listing Price (₹) | Est. Listing Gain |
|---|---|---|---|
| 13 Jan | ₹140 | ₹430 | 48.28% |
| 11 Jan | ₹200 | ₹490 | 68.97% |
| 10 Jan | ₹200 | ₹490 | 68.97% |
| 9 Jan | ₹200 | ₹490 | 68.97% |
| 8 Jan | ₹210 | ₹500 | 72.41% |
| 7 Jan | ₹210 | ₹500 | 72.41% |
| 6 Jan | ₹180 | ₹470 | 62.07% |
| 5 Jan | ₹180 | ₹470 | 62.07% |
| 4 Jan | ₹0 | ₹290 | 0.00% |
| 3 Jan | ₹0 | ₹290 | 0.00% |
| 2 Jan | ₹0 | ₹290 | 0.00% |
| 1 Jan | ₹0 | ₹290 | 0.00% |
| 31 Dec | ₹0 | ₹290 | 0.00% |
| 30 Dec | ₹0 | ₹290 | 0.00% |
Key Dates
Open
7 Jan 2025Close
9 Jan 2025Listing
14 Jan 2025Quick Stats
Issue Size:290cr
Lot Size:50 shares
About the Company
Quadrant Future Tek Limited was established in 2015. It focuses on manufacturing specialty cables and advanced train control systems. The company serves key industries such as railways, defence, aerospace, and electric vehicles. With expertise in producing fire-resistant and lightweight cables, it ensures safety and reliability for critical applications. The business also plays a significant role in India’s rail safety with its Kavach system, an advanced automatic train protection system.
Strengths
- Quadrant Future Tek develops a comprehensive train control system enhancing rail safety.
- Signed MoU with RailTel for long-term working capital funding.
- Strong in-house expertise in railway signalling product design and development.
Risks
- Promoter disputes may impact governance and operations.
- Heavy reliance on the Mohali facility poses operational risks.
- Revenue depends on Indian Railways policies and tender awards.
- High working capital needs; shortfalls could severely affect operations.
- Lacks long-term contracts; operates mainly via purchase orders and tenders.