Quadrant Future Tek Limited is launching its initial public offering (IPO), set to open on January 7, 2025, and close on January 9, 2025. The issue aims to raise ₹290 crores through a fresh issue of 1.00 crore shares. Here's everything you need to know about this IPO:

IPO Details

• Issue Type: Book-built issue
• Price Band: ₹275 to ₹290 per share
• Minimum Lot Size: 50 shares
• Retail Investment Minimum: ₹14,500
• sNII Minimum Investment: ₹2,03,000 (14 lots)
• bNII Minimum Investment: ₹10,00,500 (69 lots)
• IPO Registrar: Link Intime India Private Ltd
• Lead Manager: Sundae Capital Advisors
• Listing: BSE and NSE
• Tentative Listing Date: January 14, 2025

About Quadrant Future Tek Limited

Incorporated in 2015, Quadrant Future Tek Limited is a technology-driven company focusing on next-generation Train Control and Signaling Systems for the Indian Railways’ KAVACH project. The company also has expertise in manufacturing speciality cables for sectors like railways, naval defense, renewable energy, and electric vehicles.

Key highlights of the company include:

• Innovative Train Safety Systems: The company specializes in developing advanced Automatic Train Protection (ATP) Systems, enhancing passenger safety and operational reliability.
• State-of-the-Art Manufacturing Facility: Located in Mohali, Punjab, the facility is equipped for manufacturing, testing, and developing speciality cables and railway signaling systems.
• Exclusive Partnership with RailTel: Quadrant Future Tek has signed a Memorandum of Understanding (MoU) with RailTel to explore opportunities in the Indian Railways and international markets.
• Adherence to Global Standards: The company’s products comply with ISO, IRIS, and TS standards, ensuring superior quality.
• Skilled Workforce: With 295 employees as of October 2024, the company operates across manufacturing, embedded systems, and corporate functions.

Competitive Strengths

• Technological Leadership: Known for its in-house design capabilities, the company delivers Rail Signaling Products & Solutions tailored to meet stringent standards.
• Exclusive Collaboration: The partnership with RailTel positions the company as a key player in KAVACH project implementations.
• Advanced Cable Technology: The company’s cables meet specific requirements for railways, defense, and electric vehicles, ensuring reliability in critical applications.
• Cost Competitiveness: Focused on innovation, Quadrant Future Tek maintains cost efficiency while delivering high-quality products.

Objects of the Issue

The proceeds from the IPO will be utilized as follows:

1. Long-Term Working Capital: Funding operational needs to support the company's growth trajectory.
2. Development of Electronic Interlocking System: Enhancing the infrastructure to design and develop advanced railway signaling solutions.
3. Loan Repayment: Prepayment or repayment of outstanding working capital term loans.
4. General Corporate Purposes: Supporting business expansion and other corporate activities.

Important Dates

• Subscription Opens: January 7, 2025
• Subscription Closes: January 9, 2025
• Allotment Finalization: January 10, 2025
• Listing Date: January 14, 2025

Quadrant Future Tek IPO offers a promising investment opportunity for retail and institutional investors. With its strong focus on innovation, exclusive partnerships, and advanced manufacturing capabilities, the company is well-positioned to capitalize on growth opportunities in the railway signaling and speciality cable sectors.

For potential investors, the minimum lot size of 50 shares ensures accessibility, while the company's robust fundamentals make it an appealing choice for those seeking to invest in technology-driven enterprises.

The Upcoming IPOs in this week and coming weeks are Indobell Insulation, Standard Glass Lining, Quadrant Future, Capital Infra Trust, Delta Autocorp, Avax Apparels and B R Goyal.

The Current active IPO are   Fabtech Technologies, Davin Sons and Parmeshwar Metal.