Quadrant Future Tek Ltd, a research-oriented company, is set to launch its initial public offering (IPO) with a price band of ₹275-290 per equity share. The IPO is worth ₹290 crore and will open for public subscription on January 7, with the bidding for anchor investors commencing on January 6.
The company’s IPO consists of a fresh issue of up to ₹290 crore, with no offer for sale component. The net proceeds from the offering, amounting to ₹149.72 crore, will be used to fund the long-term working capital requirements of its Specialty Cable Division. Additionally, funds will be allocated for capital expenditures on the development of the electronic interlocking system, debt repayment, and general corporate purposes.
Quadrant Future Tek Ltd is known for developing new generation train control and signalling systems under the KAVACH project of the Indian Railways, aimed at enhancing safety and reliability for rail passengers. The company also operates a specialty cable manufacturing facility with electron beam irradiation capabilities, catering to the railway rolling stock and naval (defence) industry.
With an installed capacity of 1,887.60 metric tonnes for its specialty cable division as of September 30, 2024, Quadrant is well-positioned to meet the demands of its target markets. The IPO will be managed by Sundae Capital Advisors as the sole book-running lead manager, and Link Intime India as the registrar.
Investors can bid for a minimum of 50 equity shares and in multiples of 50 thereafter. The shares of Quadrant Future Tek Ltd will be listed on the BSE and NSE, offering investors an opportunity to participate in the company’s growth journey.
In conclusion, Quadrant Future Tek Ltd’s upcoming IPO presents a promising investment opportunity for those looking to support a company at the forefront of innovative technology in the railway and defence sectors. With a strong market position and a clear growth strategy, the company is poised for success in the years ahead.
