Quadrant Future Tek IPO: The initial public offering (IPO) of Quadrant Future Tek garnered strong investor interest with a subscription of 186.66 times as the share sale window closed today, January 9, 2025. The IPO received bids for 1,08,26,32,500 shares against 57,99,999 shares on offer, as per the BSE data.

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The retail individual investor (RII) category saw a subscription of 246.94 times. The non-institutional investor (NII) portion was subscribed with the highest number of applications which is 254.71 times, while the qualified institutional buyer (QIB) category received a 132.54 times subscription.

Quadrant Future Tek IPO Allotment Date; here's a step-by-step guide to check your status

Quadrant Future TEK IPO's allotment is to be processed on Friday, January 10, 2025. Applicants can check Quadrant Future TEK IPO's allotment status online on the official registrar Link Intime India's website.

Here is a step-by-step guide to check your allotment status for the IPO:

Step 1: Visit the official registrar website of Link Intime India Pvt Ltd — https://linkintime.co.in/initial_offer/public-issues.html

Step 2: Select the IPO company, Quadrant Future TEK

Step 3: On the same interface, fill in the details of your PAN card/application number/demat account/account number and IFSC code.

Step 4: Click on the 'Submit' button, then the status of your application will appear on the screen.

The Quadrant Future TEK stock will likely debut on Tuesday, January 14, 2025.

Ahead of opening its share sale, the company raised over Rs 130 crore from anchor investors on Monday, January 6, 2025. The company has launched the public issue with a price band between Rs 275 and Rs 290/share. It will be concluded on Thursday, January 9, 2025.

Key Details of Quadrant Future Tek IPO

Issue size: Rs 290 crore, entirely through a fresh equity issuance.

Use of proceeds:

  • Long-term working capital requirements
  • Capital expenditure for the development of an electronic interlocking system
  • Debt repayment
  • General corporate purposes

Quadrant Future Tek IPO: BRLMs and Registrar

  • Book-running lead manager: Sundae Capital Advisors
  • Registrar: Link Intime India Ltd

About Quadrant Future Tek

Quadrant Future Tek Ltd is a company developing next-generation train control and signalling systems under the KAVACH project of Indian Railways. The KAVACH system provides the highest levels of safety and reliability for rail passengers. The company also operates a speciality cable manufacturing facility equipped with an electron beam irradiation centre.