Quadrant Future Tek’s share price surged 15.63%, trading at ₹513.40 at 11:30 AM on the BSE, after opening at ₹480.05, up from the previous close of ₹444. The stock reached an early high of ₹532.80 before cooling off to ₹474. Following a strong market debut on Tuesday, the stock has gained 85% from its issue price of ₹290 on the BSE.
The company, which works on developing advanced train control and signalling systems under the Indian Railways’ KAVACH project, raised ₹290 crore through a completely fresh issue in its initial public offering. The offer had a price range of ₹275-290 per share.
The IPO was open for subscription from January 7-9, 2025, and saw an overwhelming 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.
Quadrant FutureTek, formerly known as Quadrant Cables Private Limited, is a technology-driven company specialising in high-performance electronics and cable production. The company is certified to ISO/IRIS/TS Quality Management Systems and operates state-of-the-art manufacturing facilities in Mohali, Punjab.
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 15, 2025, 12:36 PM 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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