Quadrant Future Tek Limited IPO

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Quadrant is a research-oriented company with a dual focus on advanced technology solutions for the railways and specialty cable manufacturing. The company is engaged in two primary areas:
Train Control and Signalling Systems:
i. Developing next-generation Train Control and Signalling Systems under the KAVACH project of Indian Railways.
ii. These systems provide the highest levels of safety and reliability for rail passengers.

Specialty Cable Manufacturing:
i. Production of specialty cables used in railways rolling stock and the naval (defense) industry.
ii. Includes capabilities for manufacturing Solar Cables and Electric Vehicle (EV) Cables.
iii. Features an Electron Beam Irradiation Centre for advanced cable production.

Key Applications of Products

i. Railway Sector                      ii. Naval and Defense Industry
iii. Renewable Energy and Electric Vehicles

Vision

Quadrant aims to be a leading player in technology-driven solutions for railways and specialty cables by focusing on:
i. Safety and reliability in rail transportation.
ii. Innovation and sustainability in cable manufacturing.
iii. Expanding capabilities in renewable energy and EV infrastructure.

By continuously enhancing its technological expertise and operational excellence, Quadrant is positioned to contribute significantly to India’s infrastructure and energy sectors.

Objects of the Quadrant Future Tek Limited IPO:

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: i. Funding long-term working capital requirements of the Company; ii. Capital expenditure for the development of Electronic Interlocking System; iii. Prepayment or repayment of all or a portion of outstanding working capital term loan availed by the Company; and iv. General corporate purposes.

Quadrant Future Tek Limited IPO Details:

Open Date: Jan 07 2025
Close Date: Jan 09 2025
Total Shares: 1,00,00,000
Face Value: ₹ 10 Per Equity Share
Issue Size: 290.00 Cr.
Lot Size: 50 Shares
Issue Price: ₹ 275 - 290 Per Equity Share
Listing At: NSE,BSE
Listing Date: Jan 14 2025

Promoters And Management:

Satish Gupta, 64, is the Independent Chairman of the Company. A B.Com (Hons) graduate from Delhi University and an Associate Member of the Institute of Cost Accountants of India, he has 29 years of experience in corporate roles across industries. He previously held key positions at Yamaha Motor India, Moser Baer India Limited, and Tata Power Solar Systems Limited, retiring as CFO. After retirement, he worked in an advisory role before joining Alpex Solar Limited as CFO on September 18, 2023, and later as Additional Director on July 29, 2024. Mohit Vohra, 49, a Mechanical Engineer from YMCA Institute of Engineering, has over 26 years of experience. He founded MV Electrosystems in 2009 and expanded into ventures like MV Mobility and MV Greentech. Appointed as Director in 2017, he became Managing Director in 2024, leading R&D and marketing for the Train Controls and Signalling Division. Pramod Jain, 55, is a B.Com (H) graduate from Shri Ram College of Commerce and a Fellow of ICAI, ICSI, and ICMAI, with qualifications in law (LL.B), insolvency, and information systems audit. A practicing Chartered Accountant since 1992, he has expertise in taxation, audit, corporate laws, and consulting. Currently, he chairs the Accounting Standards Board (2022–2025) and serves on various ICAI committees, BIS councils, and the IFRS SME Implementation Group. He is also a partner at Lunawat & Co., a speaker, and an author of multiple books.

Financials of Quadrant Future Tek Limited IPO:

Particulars ( in cr) Fy24 Fy23 Fy22
Income from operations 151.76 152.80 104.26
Other income 0.067 0.141 0.033
Total Income 151.823 152.945 104.291
Cost of Materials consumed 92.824 102.836 88.475
Changes in inventories -5.139 7.398 -8.468
Employee benefits expense 12.423 5.383 6.998
Other expenses 15.048 10.779 7.778
EBITDA 36.667 26.549 9.508
OPM 24.16% 17.37% 9.12%
Finance costs 4.495 2.909 3.364
D&A 10.287 3.708 3.196
PBT 21.885 19.932 2.949
Total Tax Expense 7.21 6.028 1.006
PAT 14.713 13.904 1.943
NPM 9.70% 9.10% 1.86%

Recommendation on Quadrant Future Tek Limited IPO:

Lead Manager of Quadrant Future Tek Limited IPO:

  1. Sundae Capital Advisor

Registrar of Quadrant Future Tek Limited IPO:

  1. Link Intime India Private Limited

Company Address:

Quadrant Future Tek Limited Village Basma Tehsil Banur, Distt Mohali - 140417 Phone: +91 172 402 0228 Email: cs_qftl@quadrantfuturetek.com Website: https://www.quadrantfuturetek.com/

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