Quadrant Future Tek IPO To Open For Bidding on January 7

The Quadrant Future Tek IPO is set to open for subscription on January 7, 2025, and closes on January 9, 2025. It is a book-built issue offering ₹290.00 crore. This offering is entirely a fresh issue of 1.00 crore shares. Quadrant Future Tek IPO allotment is expected to be finalised on January 10, 2025. This upcoming IPO will be listed on both BSE and NSE, with a tentative listing date of January 14, 2025.

The price band for the Quadrant Future Tek IPO is set between ₹275 and ₹290 per share. The minimum lot size for an application is 50 shares. Sundae Capital Advisors is the book-running lead manager for the Quadrant Future Tek IPO, and Link Intime India Private Ltd serves as the registrar for the issue.

Purpose of the Quadrant Future Tek IPO

The company intends to use the net proceeds from the issue for the following purposes:

• Funding long-term working capital requirements
• Capital expenditure for developing the Electronic Interlocking System
• Prepayment or repayment of part or all of the outstanding working capital term loan
• General corporate purposes

About Quadrant Future Tek Limited

Incorporated in September 2015, Quadrant Future Tek Limited develops next-generation Train Control and Signaling Systems for the Indian Railways’ KAVACH project, aiming to enhance passenger safety and reliability. The company also operates a specialty cable manufacturing facility, including an Electron Beam Irradiation Centre.

The company’s manufacturing, testing, and development of specialty cables and hardware for the Train Control & Signaling Division take place at its facility in Village Basma, Tehsil Banur, District Mohali.

Quadrant Future Tek is technology-driven, with products that comply with ISO, IRIS, and TS standards. The company adheres to stringent Quality Management Systems in the production of specialty cables.

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