The highly anticipated Quadrant Future Tek IPO is now open for bidding starting today, January 7, 2025. The company, which is involved in manufacturing and supplying railway equipment, is aiming to raise ₹290 crore through this public issue. Here are all the essential details about the IPO.
IPO Price and Lot Size
The price range for the Quadrant Future Tek IPO is set at ₹275 to ₹290 per share. Investors can apply in lots, with one lot consisting of 50 shares.
IPO Timeline
- Opening Date: January 7, 2025
- Closing Date: January 9, 2025
- Allotment Date: January 10, 2025
- Listing Date: January 14, 2025
IPO Size
The IPO consists of a fresh issue of 1 crore equity shares, through which the company plans to raise ₹290 crore.
Quadrant Future Tek has already raised ₹130.50 crore from anchor investors. This strong response is seen as a positive signal for the IPO’s success.
The grey market is showing high demand for Quadrant Future Tek shares. The shares are currently trading at a premium of ₹181 over the upper price band of ₹290. This indicates strong interest from investors even before the official listing.
Subscription Status
As on Day 1, the IPO has been subscribed 2.50 times. The retail investor category is leading with 10.31 times subscription, while the Non-Institutional Investors (NII) portion is subscribed 2.28 times.
You can apply for the IPO through your bank, brokerage platforms, or online investment portals. Ensure you have a valid demat account to participate.
Deciding to invest in the Quadrant Future Tek IPO depends on your financial goals and risk tolerance. While the positive feedback and strong GMP are promising, it’s important to analyze the company’s financial performance and assess the industry’s future prospects thoroughly. Getting advice from a financial advisor can help you make a thoughtful and informed choice.
The Quadrant Future Tek IPO is off to a strong start, with high interest from both anchor and retail investors. If you’re looking to invest in the growing railway equipment industry, this IPO could be worth considering. However, always invest wisely based on your own financial planning.
