Quadrant Future Tek IPO - Day 2 Subscription at 12.90 Times

Quadrant Future Tek's initial public offering (IPO) has shown strong investor interest over the two-day period. The IPO witnessed notable growth in demand, with subscription rates progressing from 7.54 times on day one to 12.90 times by 12:04 PM on the second day.

Quadrant Future Tek IPO, which opened on 7th January 2025, has seen particularly robust participation in certain categories. The Retail Investors segment has shown exceptional interest, reaching 41.67 times subscription, while Non-Institutional Investors achieved strong subscription at 19.45 times. The QIB portion currently stands at 0.05 times.

Quadrant Future Tek IPO’s robust response comes amid positive sentiment in the Indian stock market, particularly towards companies in the railway technology and signaling systems sector. The company's involvement in the Indian Railways' KAVACH project continues to attract significant investor attention.
 

Subscription Status of Quadrant Future Tek IPO:

*As of 12:04 PM

Here are the subscription details for Quadrant Future Tek IPO as of Day 2 (8th January 2025, 12:04 PM):

Total Applications: 17,79,762

Note:
 

"Shares Offered" and "Total Amount" are calculated based on the upper price of the issue price range.
The portions of anchor investors and market maker are not included in the total shares offered.

Key Highlights - Day 2: Quadrant Future Tek IPO Subscription

• Overall subscription improved significantly to 12.90 times
• Retail investors showing exceptional response at 41.67 times
• Small NII segment reached impressive 23.45 times subscription
• Large NII segment achieved strong 17.45 times
• Total NII category at 19.45 times subscription
• QIB portion continuing at 0.05 times
• Total bids worth ₹2,058.25 crores received
• Applications reached 17,79,762 showing robust interest
• Second day demonstrating accelerated momentum
   

Quadrant Future Tek IPO - Day 1 Subscription at 7.54 Times

• Overall subscription opened strong at 7.54 times
• Non-institutional investors began well at 9.77 times
• Large NII segment reached 8.11 times subscription
• Small NII segment achieved 13.12 times
• Retail investors showed good interest at 6.72 times
• QIB portion started at 0.04 times
• Opening day demonstrated promising response
• Market confidence evident in retail and NII segments
• Strong initial momentum across categories

About Quadrant Future Tek Limited

 Incorporated in September 2015, Quadrant Future Tek Limited has established itself as a key developer of next-generation Train Control and Signaling Systems for the Indian Railways' KAVACH project. The company combines its expertise in railway safety systems with specialty cable manufacturing capabilities, supported by an Electron Beam Irradiation Centre.

Operating from their facility in Village Basma, Tehsil Banur, District Mohali, Punjab, the company manufactures and develops specialty cables and hardware for Train Control & Signalling Division. Their operations meet ISO, IRIS, and TS standards, following strict Quality Management Systems. As of October 31, 2024, they maintain a workforce of 295 employees across their manufacturing facility, Railway Signalling & Embedded System Design centre, and corporate functions.

Their financial performance shows strategic positioning with revenue experiencing a marginal 1% decrease while achieving a 6% increase in PAT between FY2023 and FY2024. However, the company reported a loss of ₹12.11 crores for the first half of FY2025.

Their competitive strengths lie in their innovation in Automatic Train Protection Systems, exclusive MoU with RailTel for KAVACH opportunities, in-house design capabilities, advanced cable manufacturing technology, and diverse product range serving railways, naval defense, renewable energy, and electric vehicle sectors.
 

Highlights of the Quadrant Future Tek IPO

• IPO type: Book Built Issue
• IPO size: ₹290.00 crores
• Fresh Issue: 1.00 crore shares
• Face value: ₹10 per share
• Price band: ₹275 to ₹290 per share
• Lot size: 50 shares
• Minimum investment for retail investors: ₹14,500
• Minimum investment for sNII: ₹2,03,000 (14 lots)
• Minimum investment for bNII: ₹10,00,500 (69 lots)
• Listing at: BSE, NSE
• IPO opens: 7th January 2025
• IPO closes: 9th January 2025
• Allotment date: 10th January 2025
• Refund initiation: 13th January 2025
• Credit of shares: 13th January 2025
• Listing date: 14th January 2025
• Lead Manager: Sundae Capital Advisors
• Registrar: Link Intime India Private Ltd