Tue Jan 07 16:05:17 UTC 2025: ## Quadrant Future Tek IPO to Open Today, Aims to Raise ₹290 Crore

**MUMBAI, January 7, 2025** – Quadrant Future Tek, a company developing next-generation train control and signaling systems based on Indian Railways’ Kavach project, is launching its initial public offering (IPO) today. The IPO, which aims to raise ₹290 crore through the issuance of fresh shares, will be open for subscription from January 7th to 9th.

The company has fixed a price band of ₹275-₹290 per share (face value ₹10). Investors can apply for a minimum of one lot (1450 shares, costing ₹41,650 at the higher end of the price band) and a maximum of 13 lots for retail investors. Anchor investors have already committed ₹130.50 crore to the IPO.

The IPO allotment is scheduled for January 10th, with refunds and credit to demat accounts on January 13th. Listing on the BSE and NSE is expected on January 14th. Post-IPO, promoters’ holding will decrease from 93.33% to 70%.

The grey market premium (GMP) is currently at ₹210, suggesting a potential listing price of around ₹500, which would offer investors a significant return of approximately 72.41% based on the higher end of the price band.

Founded in September 2015, Quadrant Future Tek possesses a specialized cable manufacturing facility and an Electron Beam Irradiation Centre. The company’s technology aims to enhance the safety of rail travel. The IPO comes amidst a broader positive trend in the Indian IPO market, which is expected to remain buoyant in 2025. (Note: The unrelated mention of a stock market dip due to HMPV cases has been omitted from this article focusing on the IPO).

Read More