Quadrant Future Tek’s share price slipped 1.93%, trading at ₹522.50 at 10:30 AM on the BSE, after opening at ₹550.05, up from the previous close of ₹532.80. The stock reached an early high of ₹564.05 before cooling off to ₹507.95. Following a strong market debut on Tuesday, the stock has gained more than 80% from its issue price of ₹290 on the BSE.
The company, involved in the development of advanced train control and signalling systems for the Indian Railways’ KAVACH project, raised ₹290 crore through a new issue in its IPO.
The offering, priced between ₹275 and ₹290 per share, was open for subscription from January 7 to 9, 2025, and received a remarkable subscription rate of 186.66 times.
On its debut day, the stock opened at ₹370 on the National Stock Exchange, reflecting a 27.6% gain over its issue price of ₹290.
On January 14, 2025, the stock ended at ₹448.75, up 54.74% on BSE, with a volume of 15.38 lakh shares, gaining 20% from its opening price of ₹374.
As the issue size exceeded ₹250 crore, the stock’s upper and lower circuit limits were set at 20% by the exchanges.
The company’s expertise in train control and signalling systems, combined with its deep understanding of railway operations, reduces potential failures and boosts reliability. It manufactures specialty cables for the railway, rolling stock, and naval (defence) industries, and also produces solar and EV cables with comprehensive infrastructure capabilities.
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 the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jan 16, 2025, 11:10 AM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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