Quadrant Future Tek IPO is a book-built issue totaling ₹290.00 crores, consisting entirely of a fresh issue of 1.00 crore shares.
The subscription window for the Quadrant Future Tek IPO opens on January 7, 2025, and closes on January 9, 2025. The allotment of shares is expected to be finalized on Friday, January 10, 2025. The IPO will be listed on both BSE and NSE, with a tentative listing date scheduled for Tuesday, January 14, 2025.
Quadrant Future Tek operates primarily in the railway signaling and train control systems sector. They are known for their advanced signaling systems and specialty cables used in railways, defense, solar energy, and electric vehicles2. Their innovative solutions, such as the KAVACH project for Indian Railways, focus on enhancing safety and efficiency in railway operations.
The price band for the IPO is set between ₹275 and ₹290 per share, with a minimum application lot size of 50 shares. Retail investors must make a minimum investment of ₹14,500. Small non-institutional investors (sNII) are required to invest in at least 14 lots (700 shares), amounting to ₹2,03,000, while large non-institutional investors (bNII) need to apply for at least 69 lots (3,450 shares), totaling ₹10,00,500.
Sundae Capital Advisors serves as the book-running lead manager for the Quadrant Future Tek IPO, while Link Intime India Private Ltd acts as the registrar for the issue.
Quadrant Future Tek IPO Details:
| Company Name | Quadrant Future Tek Limited |
| Sector | Control Systems |
| IPO Type | Mainboard |
| IPO Open date | 07th Jan 2025 |
| IPO Close date | 09th Jan 2025 |
| Listing Exchanges | NSE, BSE |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Quadrant Future Tek IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 50 | 14,500 |
| sHNI (Min) | 14 | 700 | 2,03,000 |
| bHNI (Min) | 69 | 3450 | 10,00,500 |
Quadrant Future Tek IPO Timeline:
| IPO Open Date | 07th Jan 2025 |
| IPO Close Date | 09th Jan 2025 |
| Basis of Allotment | 10th Jan 2025 |
| Refund Initiation Date | 13th Jan 2025 |
| Shares Credit to Demat | 13th Jan 2025 |
| Listing Date | 14th Jan 2025 |
Things to Consider before applying for an IPO
Financial Performance: Review Quadrant Future Tek’s Financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Control Systems Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in Quadrant Future Tek and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
