Quadrant Future Tek IPO Day 3 Live Updates: Key Highlights, GMP, Subscription Status, and Insights

Quadrant Future Tek IPO: Day 3 Subscription Details

09-Jan-2025 1:00:00PM

By the first half of closing day, retail individual investors had the highest subscription rate, 191.44 times, followed by Non-Institutional Investors at 166.71 times, while Qualified Institutional Buyers had the lowest subscription rate, 12.97 times. The overall subscription rate stood at 87.35x. 

Quadrant Future Tek IPO: Price Band and Lot Size

The price band is set between ₹275 to ₹290 per share.

• For retail investors, the minimum lot size is one lot with 50 shares, requiring a minimum investment of ₹14,500. 
• For Small and Non-Institutional Investors, the minimum lot size is 14 lots containing 700 shares, requiring a minimum investment of ₹2,03,000.
• For Bulk Non-Institutional Investors, the minimum lot size is 69 lots with 3,450 shares, requiring a minimum investment of ₹10,00,500. 

Quadrant Future Tek GMP Details

As of January 9, 2025, the IPO is exhibiting a Grey Market Premium (GMP) of Rs 210 per share, according to Business Standard. The company's shares are trading at a 72.41% premium over the upper IPO price band of Rs 290.
The potential listing price might be approximately Rs 500 per share.

About Quadrant Future Tek

Quadrant Future Tek specialises in developing advanced train control and signalling systems. The company’s strengths include its focus on innovation, efficient operations, strict quality control, and a skilled team with strong R&D capabilities. 

Operating across two key industries, Quadrant serves the niche cable market with E-beam cables designed for sectors such as railways, defence, renewable energy, and electric vehicles. The company is also a prominent player in the railways sector, contributing to Automatic Train Protection (ATP) and the KAVACH systems.

The purpose of the IPO is mainly to meet working capital requirements, repay outstanding working capital term loans, develop the Electronic Interlocking System for Railways, and other corporate purposes. 

Disclaimer:  The GMP (Grey Market Premium) price is unauthenticated market-related news and has no discernible basis. The same quoted above is as per news that appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade or deal in the grey market nor do we recommend or endorse trading in the grey market.

Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.

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