Quadrant Future Tek IPO allotment is set to be finalised on Friday, Jan 10 after a notable response from investors. The IPO was oversubscribed by more than 186.66 times, with retail investors leading the charge by subscribing 246.94 times. Meanwhile, QIBs and NIIs subscribed 132.54 times and 254.71 times, respectively.
Investors who made a bid can check the Quadrant Future Tek IPO allotment status online via the official websites of BSE and NSE and the issue’s registrar Link Intime India Private Ltd. The company will commence refunds for the non-allottees along with the credit of shares into the demat account of successful bidders on Jan 13. Quadrant Future Tek shares will be listed on the BSE and NSE on Jan 14.
The ₹290.00 crore Quadrant Future Tek IPO is a book-built issue and is entirely a fresh issue of 1.00 crore shares. The price band for the IPO was set at ₹275 to ₹290 per share. The minimum lot size for an application is 50. The minimum amount of investment required by retail investors is ₹14,500.
Incorporated in 2015, Quadrant Future Tek Limited is engaged in the development of the next-generation Train Control and Signaling Systems for the Indian Railways’ KAVACH project, enhancing safety and reliability for passengers. It 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.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jan 10, 2025, 8:38 AM IST
Sachin Gupta
Sachin Gupta is a Content Writer with 6+ years of experience in the stock market, including global markets like the US, Canada, and Australia. At Angel One, Sachin specialises in creating financial content that simplifies complex market trends. Sachin holds a Master's in Commerce, specialising in Economics.
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