Tue Jan 07 13:34:56 UTC 2025: ## Quadrant Future Tek to Launch IPO Seeking Rs 290 Crore

**Mumbai, January 6, 2025** – Quadrant Future Tek Limited, a research-oriented company specializing in railway signaling systems and specialty cables, will launch its initial public offering (IPO) on Tuesday, January 7th, 2025. The IPO will close on Thursday, January 9th. The company aims to raise Rs 290 crore through the sale of 1 crore fresh shares, priced between Rs 275 and Rs 290 per share. There is no offer-for-sale (OFS) component.

The allotment of shares is expected on January 10th, with listing on the NSE and BSE scheduled for January 14th. Retail investors can bid for a minimum of 50 shares (Rs 14,500), while minimum investment amounts for other investor categories are also specified. The allocation will be 75% for qualified institutional buyers (QIBs), 15% for non-institutional investors (NIIs), and up to 10% for retail investors.

Proceeds from the IPO will be used to fund long-term working capital for the Specialty Cable Division (Rs 149.72 crore), capital expenditure for an Electronic Interlocking System (Rs 24.37 crore), prepayment of existing loans (Rs 23.62 crore), and general corporate purposes.

Quadrant Future Tek, which is involved in developing advanced train control and signaling systems under India’s KAVACH initiative, is currently seeing significant pre-IPO interest, with shares trading at a premium in the unlisted market. Analysts predict a potential listing gain of around 62.07%, based on the current price band. Link Intime India Private Limited is the registrar, and Sundae Capital Advisors Private Limited is the book-running lead manager.

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