Quadrant Future Tek IPO Closes Today with Massive Oversubscription

The much-anticipated Quadrant Future Tek IPO enters its final day today, January 9, 2025, with investor interest surging to unprecedented levels.

As of 11:54 AM IST, the IPO has been subscribed an extraordinary 71.98 times, reflecting strong demand across all investor categories.

Grey Market Buzz

The Grey Market Premium (GMP) for Quadrant Future Tek shares has soared to ₹210, indicating a remarkable 72% premium over the upper price band of ₹290 per share.

This significant GMP suggests high investor confidence and an expectation of strong listing gains when the shares debut on the stock exchanges.

Issue Details

The IPO, priced between ₹275 and ₹290 per share, aims to raise ₹290 crore through the issuance of fresh shares.

Quadrant Future Tek, a leader in signaling and train control systems, plans to utilize the proceeds for debt repayment, funding working capital requirements, and general corporate purposes.

Subscription Highlights

The overwhelming response from investors has been a key highlight of the IPO. Here’s a breakdown of the subscription figures:

• Qualified Institutional Buyers (QIB): 109.34 times
• Non-Institutional Investors (NII): 72.11 times
• Retail Investors: 31.47 times

Analysts’ Take

Market experts have widely recommended subscribing to the Quadrant Future Tek IPO, citing the company’s robust financial performance, reasonable valuations compared to industry peers, and its niche expertise in the growing field of rail signaling and control systems.

Analysts also highlight the company’s strong order book and potential for sustained growth as key factors for their bullish outlook.

Key Dates to Remember

With the IPO subscription closing today, investors can look forward to the following key dates:

• Allotment Announcement: January 10, 2025
• Refunds Initiated: January 11, 2025
• Shares Credited to Demat Accounts: January 13, 2025
• Listing on BSE and NSE: January 14, 2025

Investor Caution

While the IPO has generated significant excitement, market participants are advised to proceed with caution. Investing in IPOs carries inherent risks, and prospective investors should consult financial advisors to ensure alignment with their investment goals and risk tolerance.

Conclusion

Quadrant Future Tek’s IPO has proven to be a blockbuster, capturing the attention of institutional and retail investors alike.

As the subscription window closes today, all eyes will be on the allotment and listing to see if the company delivers on the high expectations set by the market.

Also Read

SRF, Navin Fluorine Stocks Surge on Refrigerant Gas Price Hike

Comark Holdings to Close Ricki’s and Cleo Retail Stores Amid Financial Struggles