Tue Jan 07 09:10:00 IST 2025: ## Quadrant Future Tek Raises ₹130.5 Crore in Anchor Book Ahead of IPO

**MUMBAI, January 7, 2024** – Quadrant Future Tek, a Punjab-based company specializing in railway signaling systems and specialty cables, has successfully raised ₹130.5 crore (approximately $15.7 million USD) from 15 institutional investors through its anchor book investment ahead of its initial public offering (IPO). The anchor investors, including prominent names like Bengal Finance and Investment, Shine Star Build Cap, Whiteoak Capital, and Kotak Mahindra Mutual Fund, purchased shares at ₹290 per share.

The company’s IPO, priced between ₹275 and ₹290 per share, opens today, January 7th, and closes on January 9th. Quadrant aims to raise a total of ₹290 crore through the fresh issue of 1 crore equity shares. The funds will be used for long-term working capital, developing electronic interlocking systems, and debt repayment.

Quadrant Future Tek, a research-oriented firm contributing to the Indian Railways’ KAVACH project, also operates a specialty cable manufacturing facility utilized by the railways and the defense industry. Sundae Capital Advisors is the book-running lead manager for the IPO. The strong anchor investor participation suggests positive market sentiment towards the company’s prospects.

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