Quadrant Future Tek IPO: Quadrant Future Tech’s IPO will launch on January 7, 2025. The company intends to raise Rs 290 crore according to the upper price band of this offer. Bidding for anchor investors will begin on January 6, 2025. Here we are telling you about important details related to the IPO of Quadrant Future Tech, as stated by the company in its Red Herring Prospectus (RHP).
Quadrant Future Tech IPO size and price band
Under this offer, 2,90,00,000 equity shares will be issued. Quadrant Future Tech has not yet announced the price band and lot size of the IPO. The company has stated in its red herring prospectus, ‘The price band and minimum bid lot will be decided by our company in consultation with the Booking Running Lead Manager (BRLM).’
The IPO of Quadrant Future Tech will be available for subscription from January 7, 2025 to January 9, 2025. After the closing of the subscription window, the allotment of the company’s IPO shares may be finalized on January 10, 2025. Company shares of successful applicants will be deposited in their demat account on January 13, 2025.
The probable listing of Quadrant Future Tech will take place on January 14, 2025. The company’s shares will be listed in Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
Why is the company bringing IPO?
Quadrant Future Tech has stated in its red herring prospectus that it will use the proceeds from the company for long-term working capital needs. Apart from this, this amount will also be used for capital expenditure related to the development of electronic interlocking system. Apart from this, this amount will also be spent on the general needs of the company.
Financial Details of Quadrant Future Tech
According to data available on Red Herring Prospects, Quadrant Future Tech’s profit increased by 5.82% to Rs 14.71 crore in FY 2024, while this figure was Rs 13.90 crore in FY 2023. During this period, the company’s revenue from operations increased by 0.68 percent to Rs 151.75 crore, whereas in FY 2023 this figure was Rs 150.80 crore. On the other hand, the company’s expenses decreased by 2.31% to Rs 129.93 crore in FY 2024, while it increased to Rs 133.01 crore in FY 2023.
about the company
Quadrant is a research based company developing next generation train control and signaling systems under the Kavach Project of Indian Railways to provide high level of safety and security to railway passengers. The company also has a special cable manufacturing facility along with an electron beam irradiation centre.