Tue Jan 07 01:54:55 UTC 2025: ## Quadrant Future Tek to Launch ₹290 Crore IPO

**Mumbai, January 6, 2025** – Quadrant Future Tek, a Mohali-based research firm specializing in railway signaling systems and specialty cables, is set to launch its initial public offering (IPO) on Tuesday, January 7th. The IPO, valued at ₹290 crore, will consist entirely of a fresh issue of one crore equity shares, with no offer-for-sale component.

The company’s shares will be priced between ₹275 and ₹290 per share. Investors can expect the shares to debut on the secondary market on January 14th.

Quadrant is a key player in the development of next-generation train control and signaling systems under the Indian Railways’ KAVACH project. The company also boasts a specialty cable manufacturing plant with an electron beam irradiation center, supplying cables to the Indian Navy and railway rolling stock. As of September 30th, 2024, the specialty cable division had an installed capacity exceeding 1,887 metric tonnes. The IPO proceeds will likely be used to further expand these operations.

**Disclaimer:** *This news article is for informational purposes only and does not constitute investment advice. Potential investors should conduct their own thorough due diligence and consult with financial advisors before making any investment decisions.*

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