The Quadrant Future Tek IPO is a book built issue of Rs 290 crores, which does not have any OFS (Offer for Sale) portion and consists of 1 crore fresh shares. The process of submitting application for Quadrant Future Tek begins on January 7, 2025 and closes on January 9, 2025. While the allotment is set for January 10, listing will take place on both BSE and NSE on January 14, 2025. Successful bidders will get shares credited to their demat account on January 13 while, unsuccessful bidders will get back their application money on the same day.
Quadrant Future Tek was set up in September 2015. It is engaged in the business of developing next-generation Train Control and Signaling Systems for the Kavach project of Indian Railways, which deals with averting accidents and ensuring passenger safety. Quadrant Future Tek also has a speciality cable manufacturing facility. The issue proceeds will be used for funding long-term working capital requirements, prepayment/repayment of some working capital term loan and for general corporate purposes.
Quadrant Future Tek IPO GMP
On January 5, according to investorgain, the Quadrant Future Tek IPO GMP (Grey Market Premium) stood at Rs 180, that indicated a listing gain of 62.07%. Considering an issue price of Rs 290, the figure indicates a listing price of Rs 470. However, it must be remembered that GMP is an unofficial indicator that changes with time. Also, it does not guarantee anything but investors add a lot of importance to it.
Quadrant Future Tek IPO price band, lot size
The Quadrant Future Tek IPO price band has been set at Rs 275-290 an equity share. For retail investors, the minimum lot size for an application is 50 shares which entails an application money of Rs 14,500. For sNII category of investors, the minimum lot size investment for is 14 lots that will cost Rs 2,03,000, and for bNII, it consists of 3,450 shares which cost Rs 10,00,500.
(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
Bidding for Quadrant Future Tek IPO begins on January 7 and is set to close on January 9, 2025. The allotment for Quadrant Future Tek shares will be finalised Friday, January 10. The GMP already stands at a significant level that that indicates a listing gain of 62.07%. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
