Tue Jan 07 02:45:22 UTC 2025: **Quadrant Future Tek Raises ₹130.5 Crore in Anchor Book Ahead of IPO**

**MUMBAI, INDIA – January 7, 2024** – Quadrant Future Tek, a Punjab-based company specializing in railway signaling systems and specialty cable manufacturing, successfully raised ₹130.5 crore (approximately $15.7 million USD) from 15 institutional investors through its anchor book investment. 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 allocated 45 lakh equity shares to these investors.

Quadrant Future Tek is set to launch its initial public offering (IPO) today, January 7th, with the price band fixed at ₹275-₹290 per share. The IPO, which closes on January 9th, aims to raise ₹290 crore through a fresh issue of 1 crore equity shares. Proceeds will be used for long-term working capital, development of electronic interlocking systems, and debt repayment.

The company’s work includes developing next-generation train control and signaling systems under the Indian Railways’ KAVACH project, and manufacturing specialty cables for railway rolling stock and the defense industry. Sundae Capital Advisors is acting as the book running lead manager for the IPO.

**(Note: The provided text also mentions a crypto market summary and an options trading summit, but these are unrelated to the main news about Quadrant Future Tek’s IPO and were excluded from this news article for clarity.)**

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