Quadrant Future Tek IPO

Quadrant Future Tek Limited, incorporated in September 2015, develops next-generation Train Control and Signaling Systems for the Indian Railways' KAVACH project, enhancing safety and reliability for passengers. The company also has a speciality cable manufacturing facility with an Electron Beam Irradiation Centre. The company has a facility in Village Basma, Tehsil Banur, Distt Mohali, for manufacturing, testing, and developing speciality cables and hardware for the Train Control & Signalling Division. The company is technology-driven, with products that meet ISO, IRIS, and TS standards and follow strict Quality Management Systems for speciality cables. The company manufactures, tests, and develops speciality cables at its Village Basma, Tehsil Banur facility, District Mohali, Punjab. As of October 31, 2024, the company had 295 employees at its manufacturing facility, Railway Signalling & Embedded System Design centre and corporate function. Competitive Strength: The Company is engaged in the innovation and technological development of Automatic Train Protection Systems. Entered an exclusive Memorandum of Understanding with RailTel to pursue KAVACH opportunities in Indian Railways and other countries' railways. In-house design and product development capabilities powering our Rail Signalling Products & Solutions. Advanced cable manufacturing technology that meets strict standards for Railways, Naval Defence, Renewable Energy, and Electric Vehicle sectors. Advanced manufacturing facilities with a diverse range of power and control cables with a focus on innovation and cost competitiveness.

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: Funding long-term working capital requirements of the Company; Capital expenditure for the development of Electronic Interlocking System; Prepayment or repayment of all or a portion of outstanding working capital term loan availed by the Company; and General corporate purposes.

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