Quadrant Future Tek Limited’s IPO opened on January 7, 2025, and has already seen robust demand in the market. The IPO aims to raise ₹290 crore through a fully fresh issue, with a price band set at ₹275-₹290 per share. The subscription will remain open until January 9, 2025.
Investor Response and Grey Market Buzz
- Anchor Investors: Before the public issue opened, the company raised ₹130.50 crore from anchor investors.
- Grey Market Premium (GMP): Shares are trading at a premium of ₹181 in the grey market, reflecting strong investor interest.
- Subscription Status: By 1:00 PM on Day 1, the IPO was oversubscribed 8.15 times, with the retail segment receiving 30.77 times the bids and the Non-Institutional Investors (NII) portion subscribed 9.35 times.
Key IPO Details
- Price Band: ₹275-₹290 per share
- Lot Size: Minimum 50 shares per lot
- IPO Size: ₹290 crore (fully fresh issue)
- Dates: Open from January 7 to January 9, 2025
- Allotment Date: January 10, 2025
- Listing Date: Expected on January 14, 2025
- Registrar: Link Intime India Pvt. Ltd.
- Lead Manager: Sundae Capital Advisors
About Quadrant Future Tek
The company specializes in delivering cutting-edge technology solutions and services across various industries, with a focus on innovation and catering to diverse business needs.
With strong grey market activity and high subscription numbers, Quadrant Future Tek’s IPO is shaping up to be a promising investment opportunity.
