Quadrant Future Tek raised ₹130.5 crore from anchor investors ahead of its public issue. Here are the key details about the IPO.
The Quadrant Future Tek Limited IPO raised ₹130.5 crore from anchor investors before its public issue, as per a company filing on Monday, January 6, 2025. This strong backing, therefore, underscores institutional confidence, which, in turn, bolsters the credibility of the upcoming offering. Moreover, it signals a positive outlook for the IPO and lays the groundwork for broader investor participation. As a result, this early support is expected to enhance the IPO’s success potential.
The company, which manufactures specialty cables and develops train systems, allocated 45 lakh equity shares to anchor investors at ₹290 per share, with a face value of ₹10 each.
The anchor investor group for the Quadrant Future Tek IPO includes leading investors like Whiteoak Capital, Kotak Mutual Fund, LIC Mutual Fund, Bank of India Mutual Fund, Citigroup Global Markets Mauritius Pvt. Ltd., PMIM India, and Sundaram Mutual Fund. Their participation adds credibility to the IPO and highlights strong institutional interest, which could boost investor confidence and contribute to its success.
Quadrant Future Tek IPO Details
| Detail | Information |
|---|---|
| IPO Date | January 7, 2025 to January 9, 2025 |
| Listing Date | January 14, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹275 to ₹290 per share |
| Lot Size | 50 Shares |
| Total Issue Size | 1,00,00,000 shares (up to ₹290.00 Cr) |
| Fresh Issue | 1,00,00,000 shares (up to ₹290.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Shareholding Pre-Issue | 3,00,00,000 shares |
| Shareholding Post-Issue | 4,00,00,000 shares |
Quadrant Future Tek IPO Timeline
Sure! Here’s the information in a table format for better clarity:
| Event | Date |
|---|---|
| IPO Open Date | Tuesday, January 7, 2025 |
| IPO Close Date | Thursday, January 9, 2025 |
| Cut-off Time for UPI Mandate Confirmation | January 9, 2025 |
| Basis of Allotment | Friday, January 10, 2025 |
| Initiation of Refunds | Monday, January 13, 2025 |
| Credit of Shares to Demat | Monday, January 13, 2025 |
| Listing Date | Tuesday, January 14, 2025 |
Quadrant Future Tek IPO Lot Size
| Application Type | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 50 | ₹14,500 |
| Retail (Max) | 13 | 650 | ₹1,88,500 |
| S-HNI (Min) | 14 | 700 | ₹2,03,000 |
| S-HNI (Max) | 68 | 3,400 | ₹9,86,000 |
| B-HNI (Min) | 69 | 3,450 | ₹10,00,500 |
Quadrant Future Tek IPO: Anchor Investor Details
| Event | Details |
|---|---|
| Bid Date | January 6, 2025 |
| Shares Offered to Anchor Investors | 45,00,000 |
| Anchor Portion Size (₹) | ₹130.50 crore |
| Lock-In Period End Date (50% shares) | February 9, 2025 |
| Lock-In Period End Date (Remaining 50%) | April 10, 2025 |
Quadrant Future Tek IPO: Promoter Holding
| Category | Promoter Names |
|---|---|
| Promoters | Mohit Vohra, Amit Dhawan, Amrit Singh Randhawa, Rupinder Singh, Vishesh Abrol, Vivek Abrol, Aikjot Singh, Rajbir Singh Randhawa |
| Shareholding Pre-Issue | 93.33% |
| Shareholding Post-Issue | 70% |
Company Financials
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 149.66 | 142.82 | 118.82 | 112.77 |
| Revenue | 65.14 | 151.82 | 152.95 | 104.29 |
| Profit After Tax (PAT) | -12.11 | 14.71 | 13.90 | 1.94 |
| Net Worth | 34.18 | 44.11 | 29.42 | 15.61 |
| Reserves and Surplus | 4.18 | 34.11 | 19.42 | 5.61 |
| Total Borrowing | 98.01 | 81.61 | 74.00 | 80.68 |
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