Quadrant Future Tek IPO: 10 key points to consider before ₹290 crore offer opening

Quadrant Future Tek IPO: The initial public offering of Quadrant Future Tek will open on Tuesday, January 7, 2025. The price band has been set at ₹275-₹290 per share. The company's shares will make their secondary market debut on January 14.

Quadrant Future Tek IPO: 10 key points to know

• Quadrant Future Tek IPO subscription period: The initial share sale will be open for investors from January 7 to January 9.
• Anchor investors' bidding: The anchor round bidding will take place on Monday, January 6.
• IPO offer structure: The ₹290 crore offer is exclusively a fresh issue of one crore equity shares. There is no offer for sale component.
• Quadrant Future Tek IPO price band: The price range has been set at ₹275 to ₹290 a unit.
• Reservation: The company has set aside 75% of the net issue for qualified institutional buyers, 10% for retail investors and 15% for non-institutional investors.
• Quadrant Future Tek IPO lot size: Retail investors can apply for 50 shares and in multiples thereafter. The minimum investment is ₹14,500.
• Objectives: The fresh issue proceeds will be used to fund long-term working capital needs, capital expenditures for developing an electronic interlocking system, debt clearing, and general corporate purposes.
• Book-running lead manager and registrar: Sundae Capital Advisors is the book-running lead manager, while Link Intime India is the registrar for the issue.
• Quadrant Future Tek IPO allotment date: The basis of allotment is likely to be finalised on January 10.
• Quadrant Future Tek IPO listing date: The share listing on the NSE and the BSE will occur on January 14.

Quadrant is a research-oriented firm involved in developing new-generation train control and signalling systems under the Indian Railways' KAVACH project.

The Mohali-based firm also has a speciality cable manufacturing plant with an electron beam irradiation centre. These cables are used in the naval (Defence) industry and railway rolling stock.

As of September 30, 2024, the speciality cable division had an installed capacity of over 1,887 metric tonnes (MT).

Quadrant Future Tek financials