Quadrant Future Tek IPO — Price Band, Allotment-Listing Date, Financials, Peer Comparison And More: DRChoksey

Quadrant Future Tek Ltd. will launch its Rs 290 crore IPO which consists entirely of a fresh issue of one crore shares on January 07..NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Deven Choksey Research Report.Quadrant Future Tek Ltd. will launch its initial public offering on January 07 and the offer closes for subscription on Jan. 09. The manufacturer specialising in specialty cables, train control systems and advanced interconnect products has fixed the price band in the range of Rs 275–290 per share. The Rs 290 crore IPO consists entirely of a fresh issue of one crore shares, with no offer-for-sale component.The allotment for the Quadrant Future Tek IPO is expected to be finalised on Jan. 10.Post the offer, shares of the company will be listed on both the National Stock Exchange and the Bombay Stock Exchange on Jan. 14..Objects of the offerFunding long-term working capital requirements.Capital expenditure for development for Electronic Interlocking System.Prepayment or repayment of outstanding working capital term loan.General corporate purposes..Outlook and Valuation: Quadrant Future Tek, specialising in the production of specialty cables and advanced train control and signaling systems, such as the KAVACH project for Indian Railways, leverages cutting-edge technologies like Electron Beam Cross Linked polymers. These innovations enhance the durability and performance of its products across demanding sectors including railways, defense and electric vehicles. With significant infrastructure developments and government initiatives like the Rs 557 crore funding for the KAVACH project, Quadrant is well-positioned within its industry. With a PE ratio of 79x and an EV/Ebitda of 34 times, Quadrant Future Tek's valuation is notably higher than some of its peers, justified by its strong market position, robust growth prospects and solid financial performance, evidenced by a robust ROE of 33%. The premium valuation is further underpinned by its large addressable market and significant project wins, specifically in KAVACH, which enhances its growth potential and ensures sustainable growth prospects. Given these factors, we assign a ‘Subscribe’ rating..Click on the attachment to read the full IPO report:.Quadrant Future Tek IPO GMP Soars Over 58% Ahead Of Much-Awaited Launch.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Quadrant Future Tek IPO — Price Band, Allotment-Listing Date, Financials, Peer Comparison And More: DRChoksey

Quadrant Future Tek will launch its Rs 290 crore IPO on January 07, for the fixed price band of Rs 275–290 per share.

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Quadrant Future Tek IPO — Price Band, Allotment-Listing Date, Financials, Peer Comparison And More: DRChoksey

Quadrant Future Tek will launch its Rs 290 crore IPO on January 07, for the fixed price band of Rs 275–290 per share.

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