Quadrant Future Tek shares will be listed on BSE and NSE tomorrow, Tuesday, January 13 at 10 am. Analysts believe that it may list at a premium of around 40%, which shows strong demand from investors.

The company's Rs 290 crore initial public offering (IPO) was subscribed 186.66 times. The price band of the IPO was kept at Rs 275-290 per share. Expert opinion
 

• Prashant Tapsey (Senior Vice President, Mehta Equities Limited) said that despite the market volatility, Quadrant Future Tek received an overwhelming response from all categories of investors.
• According to Tapsey, the company has expertise in advanced signalling systems and special cables in the KAVACH project under the modernisation of Indian Railways. Its diverse product portfolio includes railways, defence, solar energy and EV sectors.
• He advised to book profits on higher than expected gains on the day of listing. At the same time, long term investors were advised to hold it.

Company Strength
 

• Quadrant Future Tek is a research-based company that develops advanced train control and signalling systems under the KAVACH project of Indian Railways.
• The company manufactures specialty cables used in railway rolling stock, naval (defense), solar energy and EV industries.
• The company has an advanced production plant equipped with an electron beam irradiation centre.
• Business Performance
• During FY22-FY24, the company's revenue, EBITDA and profits achieved a CAGR of 20.6%, 96.5% and 175.2%, respectively. The company's EBITDA margin in FY24 is 24.1%.
• Funds raised from the IPO will be used for working capital requirements, development of electronic interlocking system, loan repayment and general corporate purposes.

Analyst's advice
Shivani Nyati of Swastika Investmart said that given the company's strong business performance and gray market premium (GMP), this IPO is suitable for high-risk investors. Overall, Quadrant Future Tek's advanced technology, wide product portfolio and association with Indian Railways make it an attractive option for investors.