Tue Jan 07 01:04:39 UTC 2025: ## Quadrant Future Tek Launches ₹290 Crore IPO

**New Delhi, January 7, 2024** – Quadrant Future Tek, a technology firm, today launched its initial public offering (IPO), aiming to raise nearly ₹300 crore. The IPO, entirely a fresh issue priced between ₹275 and ₹290 per share, opened for subscription today and will close on January 9th. Allotment is scheduled for January 10th, with listing on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on January 14th.

Sundae Capital Advisors is the lead manager, and Link Intime India is the registrar. The company plans to use the net proceeds to fund working capital, capital expenditure on electronic interlocking systems, general corporate purposes, and debt repayment. The IPO is also expected to enhance brand visibility and shareholder liquidity.

Quadrant Future Tek reported a slight revenue dip of 1% in FY2023-24 (₹151.82 crore compared to ₹152.95 crore in FY2022-23), but a 6% increase in profit after tax (PAT) to ₹14.71 crore. However, the first two quarters of FY2024-25 show a revenue of ₹65.14 crore and a loss of ₹12.11 crore.

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