Quadrant Future Tek: No Deviation in IPO Fund Utilization for Q3 FY27
Quadrant Future Tek Limited has filed its Statement of Deviation or Variation for the quarter ended September 30, 2026. The company confirms no deviation or variation in the utilization of funds raised through its Initial Public Offer (IPO). The total amount raised was ₹2900.00 Million (₹290 Crore). Funds were allocated across various heads including issue expenses (₹272.30 Million), working capital for the speciality cable division (₹1497.20 Million), capital expenditure for electronic interlocking systems (₹16.50 Million), loan repayment (₹236.10 Million), and general corporate purposes (₹650.60 Million). The filing indicates that all utilized funds were in line with the original objects and allocations, with no significant deviations reported for the quarter.
Key Highlights
- No deviation reported in IPO fund utilization for Q3 FY27.
- Total IPO funds raised: ₹2900.00 Million (₹290 Crore).
- Funds utilized across issue expenses, working capital, capex, and loan repayment.
- Utilization aligned with original objects and allocations.
- No comments from Audit Committee or auditors on deviations.
Price Impact
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