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Quadrant Future Tek Share Price Live: Quadrant Future Tek shares debut with 29% premium over IPO price
14 Jan 2025 | 12:01:33 PM IST
Quadrant Future Tek Share Listing Live Update: Quadrant Future Tek shares debut with 29% premium over IPO price
Synopsis
Quadrant Future Tek Share Price Live | IPO Listing Live (14 Jan 2025): Quadrant Future Tek, which received strong demand for its IPO, debuted on the exchanges on Tuesday with a 29% premium over the issue price. The stock listed at Rs 370 on the NSE, while the BSE debut price was Rs 374.
Quadrant Future Tek Share Price Live Updates: The IPO, priced at Rs 290 per share, gives the company a market cap of approximately Rs 1,160 crore on a post-issue basis. The Rs 290 crore public offer received an overwhelming response, with a subscription rate of 185 times.
1 New Update
Quadrant Future Tek Share Price Live: Stock hits 20% upper circuit
The stock surged 19.99% to the day' high of Rs 448.75.
Quadrant Future Tek Share Price Live: Peer comparison
Based on peer comparison, Quadrant Future Tek has a healthy 24% EBITDA margin and impressive returns, including a 21% ROCE and 33% ROE, which highlight its profitability and operational efficiency. The company’s EV/order book ratio is reasonable at 1.3x.
Quadrant Future Tek Share Price Live: About the company
Quadrant Future Tek is a research-focused company developing next-generation Train Control and Signalling Systems under the KAVACH project for Indian Railways. It also operates a specialty cable manufacturing facility with an Electron Beam Irradiation Centre, producing cables for railway rolling stock and the naval defense sector.
The facility supports the full production cycle of Solar and EV cables, including manufacturing, testing, and development of specialty cables and hardware for the Train Control and Signalling Division.
In FY24, the company reported a 1% year-on-year decline in revenue, while Profit After Tax (PAT) grew by 6%.
The facility supports the full production cycle of Solar and EV cables, including manufacturing, testing, and development of specialty cables and hardware for the Train Control and Signalling Division.
In FY24, the company reported a 1% year-on-year decline in revenue, while Profit After Tax (PAT) grew by 6%.
Quadrant Future Tek Share Price Live: Stock gains over 1% post healthy listing
The stocks rose 1.43% to Rs 375.
Quadrant Future Tek shares debut with 29% premium over IPO price
Quadrant Future Tek, which received strong demand for its IPO, debuted on the exchanges on Tuesday with a 29% premium over the issue price. The stock listed at Rs 370 on the NSE, while the BSE debut price was Rs 374.
Quadrant Future Tek Share Price Live: Pre-indicative listing price
BSE - Rs 374 (Up - 29% or Rs 84)
NSE - Rs 370 (Up - 27.6% or Rs 80)
NSE - Rs 370 (Up - 27.6% or Rs 80)
Quadrant Future Tek Share Price Live: Company's key highlights
- In CY24, the domestic specialty cables market was valued at USD 589mn, and is projected to grow at s CAGR of 9.8% (CY24E-CY30). The Indian Train Control System market, valued at USD 208mn in CY24, is expected to grow at a CAGR of 12.7% (CY24E-CY30E).
- QFTL’s revenue grew from ₹104.3cr in FY22 to ₹151.8cr in FY24 (CAGR 20.6%), while PAT rose from ₹1.9cr to ₹14.7cr (CAGR 175%).
- QFTL has an EBITDA margin of 24.1% and PAT Margin of 9.7%, and the RoE of 33.4%,in FY24 indicating strong financial stability.
- It has one manufacturing facility situated in Basma (Mohali, Punjab) and caters to Specialty Cables Division and Train Control & Signalling Division. As of March 31, 2024, Speciality Cable division had an installed capacity of 1,887.60 metric tonnes, utilized at 49.42%.
Quadrant Future Tek Share Price Live: Listing date
The Quadrant Future Tek IPO share allotment was finalized on January 10, with the listing set for January 14.
Quadrant Future Tek Share Price Live: Business overview
Founded in 2015, Punjab-based Quadrant has established its manufacturing facility for cables and signal control systems in Mohali, Punjab. As of September 2024, the company’s cable division had a capacity of 1,887.6 tonnes, with capacity utilization ranging between 49% and 58% over the three years leading up to FY24.
Quadrant Future Tek Share Price Live: Company's financials
Revenue from operations rose to Rs 151.8 crore in FY24, up from Rs 104.3 crore in FY22, while net profit surged to Rs 14.7 crore from Rs 1.9 crore. The EBITDA margin improved significantly to 24.2% from 9.1% during this period.
However, the margin varies across different cable products, so the overall margin depends on the product mix. In the six months ending September 2024, signaling expenses negatively impacted the financial performance, leading to a margin decline to 1.3%.
Consequently, the company reported a net loss of Rs 12 crore, with an operating cash outflow of Rs 9.6 crore.
However, the margin varies across different cable products, so the overall margin depends on the product mix. In the six months ending September 2024, signaling expenses negatively impacted the financial performance, leading to a margin decline to 1.3%.
Consequently, the company reported a net loss of Rs 12 crore, with an operating cash outflow of Rs 9.6 crore.
Quadrant Future Tek Share Price Live: Company's valuations
In October 2024, the company allocated a 2.6% and 1.4% stake to Suryavanshi Commotrade and Capri Global Holdings at Rs 240 per share. This price is approximately 21% higher than the upper end of the IPO price band. Based on the FY24 net profit and the equity after the IPO, the company is seeking a price-to-earnings (P/E) multiple of 78.
For comparison, Polycab India, a cable manufacturer, currently trades at a trailing P/E of 59. The higher valuation of Quadrant is attributed to its anticipated future growth potential.
For comparison, Polycab India, a cable manufacturer, currently trades at a trailing P/E of 59. The higher valuation of Quadrant is attributed to its anticipated future growth potential.
Capital Infra Trust InvIT Share Price Live: GMP
Ahead of the listing, the company's shares have no Grey Market Premium (GMP) in the grey market. This is because InvIT units are typically not as actively traded in the grey market as IPO shares of companies. InvITs are usually structured as investment vehicles focused on infrastructure assets such as roads, transmission lines, or renewable energy projects.
Capital Infra Trust InvIT Share Price Live: IPO Proceeds
The proceeds from the IPO are proposed to be utilized for:
- Repaying or prepaying external borrowings
- Settling unsecured loans
Capital Infra Trust InvIT Share Price Live: Business Overview
Capital Infra Trust InvIT is an infrastructure investment trust established on September 25, 2023, and is sponsored by Gawar Construction Limited (GCL). With over 15 years of experience, GCL is a prominent infrastructure development and construction company in India, specializing in road and highway construction projects for government and semi-government authorities. Since its inception in 2008, GCL has successfully completed more than 100 road construction projects.
Capital Infra Trust InvIT Share Price Live: Book Running Managers
SBI Capital Markets Ltd and HDFC Bank Ltd are the primary book-running lead managers for the Capital Infra Trust InvIT, while Kfin Technologies Ltd serves as the registrar for this issuance.
Capital Infra Trust InvIT Share Price Live: IPO details
The company's initial public offering (IPO) consists of a new issuance of units worth up to ₹1,077 crore, along with an offer for sale (OFS) of units valued at up to ₹501 crore by the sponsor's selling unitholder, Gawar Construction Ltd. This brings the total size of the offering to ₹1,578 crore.
Quadrant Future Tek Share Price Live: About Quadrant Future Tek
Quadrant Future Tek is a research-driven company specializing in the development of advanced Train Control and Signaling Systems, particularly under the Indian Railways' KAVACH project. This technology is designed to ensure the highest standards of safety and reliability for rail passengers. In addition to its research focus, the company operates a specialized cable manufacturing facility that includes an Electron Beam Irradiation Centre. The cables produced are tailored for use in the Railways' rolling stock and the Naval (Defence) industry.
Quadrant Future Tek Share Price Live: Book-running lead manager
For the Quadrant Future Tek IPO, Link Intime India serves as the registrar, and Sundae Capital Advisors is the sole book-running lead manager.
Quadrant Future Tek Share Price Live: IPO Proceeds
The proceeds from the IPO will be used to fund long-term working capital requirements, capital expenditure for the development of an Electronic Interlocking System, and the prepayment or repayment of outstanding working capital term loans. A portion of the funds will also be allocated for general corporate purposes.
Quadrant Future Tek Share Price Live: Price Band
The IPO of Quadrant Future Tek was offered at a price band of Rs 275–290 per share, with a minimum lot size of 69 shares.
Quadrant Future Tek Share Price Live: IPO details
The Rs 290-crore public offering of Quadrant Future Tek was open for subscription from January 7 to January 9, 2025.
