Quadrant Future Tek Limited is all set to launch its Initial Public Offering (IPO) next month. The Initial Public Offering (IPO) is scheduled to open on January 7, 2025, and close on January 9, 2025.This public offering is a significant opportunity for investors to buy shares in the company.
IPO Details
The IPO price range has been set between ₹275 and ₹290 per share. This means that investors can buy shares within this price range when the subscription opens. The company aims to raise ₹290 crore through this offering, and this is an entirely new issue of shares.
Lot Size and Subscription
Investors looking to participate in the IPO will need to apply for a minimum of 50 shares. The shares can be bought in multiples of 50 shares. This gives investors the flexibility to invest according to their preferences. The IPO will be available for listing on both the BSE and NSE.
Key Dates
- IPO Opening Date: January 7, 2025
- IPO Closing Date: January 9, 2025
- IPO Allotment Date: January 10, 2025
- IPO Listing Date: January 14, 2025
These dates are important for investors planning to apply for shares in the IPO. The allotment date refers to when investors will know if they have received shares, and the listing date is when the shares will start trading on the stock exchanges.
As of now, the shares of Quadrant Future Tek are trading at par in the grey market, which means that the Grey Market Premium (GMP) for the IPO is zero. This is a key indicator that the shares are not showing any extra demand in the unofficial market, although this can change as the IPO approaches.
Founded in September 2015, Quadrant Future Tek Limited focuses on advanced Train Control and Signaling Systems for Indian Railways under the KAVACH project. The company also manufactures specialty cables at its Mohali facility, serving industries such as Railways, Naval Defence, Renewable Energy, and Electric Vehicles.
To apply for the Quadrant Future Tek IPO, investors can use online platforms or registered brokers. The process is straightforward, requiring you to complete an application form and make the payment for the shares. Investors should ensure that they meet the minimum lot size requirement before applying. With the IPO opening in early January 2025, investors have time to research the company and decide if they want to participate. It’s recommended to seek guidance from a financial advisor before making any investment choices.
