Tue Jan 07 07:01:37 IST 2025: ## Quadrant Future Tek Raises ₹130.5 Crore Ahead of IPO

**Bengaluru, January 7, 2024** – Quadrant Future Tek Limited, a specialist cable manufacturer and train systems developer, successfully raised ₹130.5 crore from anchor investors ahead of its initial public offering (IPO). The company allocated 45 lakh equity shares at ₹290 per share to a group of prominent investors including Whiteoak Capital, Kotak Mutual Fund, LIC Mutual Fund, Bank of India Mutual Fund, Citigroup Global Markets Mauritius Pvt. Ltd., PMIM India, and Sundaram Mutual Fund.

Significant allocations went to Kotak Manufacture in India Fund (10.56%), Whiteoak Capital Flexicap Fund (6.45%), and Bengal Finance and Investment Pvt. Ltd. (13.78%), among others. Domestic mutual funds received 15 lakh shares through 11 schemes.

The IPO, priced between ₹275 and ₹290 per share, opens on January 7th and closes on January 9th. The grey market premium (GMP) currently stands at ₹170, suggesting a potential listing price significantly above the upper price band. However, investors are cautioned to consult financial experts before making investment decisions.

Quadrant Future Tek supplies specialty cables to the defense and railway sectors and possesses infrastructure for producing solar and electric vehicle cables. The company’s operations span Bengaluru, Hyderabad, and Mohali. Sundae Capital Advisors is the lead manager for the IPO.

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