Quadrant Future Tech Share Market Listing Today :The IPO of Quadrant Future Tek Limited was a profitable deal for investors. Today the company’s stock has made a strong debut in the stock market. This stock was listed on BSE at a price of Rs 374, while the IPO price was Rs 290. In this sense, the stock has given a return of 29 percent or Rs 84 per share on listing. While the IPO had received strong subscription from investors, there were also indications of its strong listing from the gray market. Brokerage houses are also positive on the company’s outlook.
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Subscription Status : 196 times subscribed
The IPO of Quadrant Future Tech Limited received a strong response from investors. This IPO has been subscribed approximately 196 times overall. In this IPO, about 75 percent of the shares were reserved for Qualified Institutional Buyers (QIB) and it was filled a total of 139.77 times. About 10 percent of this share was reserved for retail investors and it was filled a total of 256.46 times. While the remaining 15 percent was reserved for Non-Institutional Investors (NII) and it was filled a total of 268.03 times.
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How is the company’s outlook?
Brokerage house SBI Securities says the industry forecast indicates strong growth for the Indian specialty cable and train control systems market, which is projected to expand at a CAGR of 9.8% and 12.7% over the CY24E-CY30E period. Additionally, the strategic MoU with RailTel Corp to provide KAVACH and the recent order winning of Rs 978.6 crore from Chittaranjan Locomotive Works (CLW), strengthens the company’s position as a leading OEM.
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Brokerage house Canara Bank Securities says Quadrant Future Tech (QFTL) has brought diversification into specialized cable manufacturing and integrated backward segments while increasing cost efficiency and market adaptability. The cables used in railways, defense and electric vehicle (EV) sectors exhibit superior durability and lightweight properties, contributing to Ebit margins of 16-24 per cent in the cable division.
Brokerage house Ventura Securities says growing demand for automated railway safety systems under the ‘Make in India’ initiative and growing applications of e-beam cables in renewable energy and EV sectors provide significant growth opportunities. With its innovative solutions, strong financial performance and focus on quality, Quadrant is well positioned for continued growth.
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What does the company do?
Quadrant Future Tech Limited develops next generation train control and signaling systems for the Kavach project of Indian Railways, enhancing passenger safety and reliability. The company also has a special cable manufacturing facility with electron beam irradiation centre. The company has a facility at Village Basma (Tehsil Banur, District Mohali) for manufacturing, testing and development of special cables and hardware for Train Control and Signaling Division. The company is technology driven, whose products meet ISO, IRIS and TS standards and adhere to a strict quality management system for specialty cables.
(Disclaimer: The advice to invest in stocks has been given by the brokerage house. These are not the personal views of Financial Express. There are risks in the market, so take expert opinion before investing.)
