Saturday, January 11, 2025
More
    HomeEconomyQuadrant Future Tek IPO: Check GMP, Listing Date, A Step-By-Step Guide To...

    Quadrant Future Tek IPO: Check GMP, Listing Date, A Step-By-Step Guide To Check Allotment Status Online

    -


    Last Updated:

    The Quadrant Future Tek IPO listing will take place on both BSE and NSE on Tuesday, January 14.

    Quadrant Future Tek IPO: Check Allotment Status, Listing Date.

    Quadrant Future Tek IPO Allotment Status: The allotment of the Quadrant Future Tek IPO has been finalised. Investors can now check the IPO allotment status on the websites of the BSE and NSE, as well as on registrar Link Intime India’ portal. The latest GMP currently stands at 65.52 per cent, signalling a strong listing gain for investors.

    The Quadrant Future Tek IPO listing will take place on both BSE and NSE on Tuesday, January 14.

    The initial public offering of Quadrant Future Tek Ltd, which was opened on between January 7 and January 9, received an overwhelming 195.96 times subscription. The retail category received a whopping 256.46 times subscription in total, the NII (non-institutional investors) portion got 268.03 times subscription. Its QIB (qualified institutional buyer) category has been subscribed by 139.77 times.

    The price band of the IPO was fixed at Rs 275 to Rs 290 apiece.

    The IPO allotment has been finalised. Investors have started recieving bank debit messages. They can also check the IPO allotment status on the websites of BSE and NSE, as well as on registrar Link Intime India’s portal.

    Quadrant Future Tek IPO: How To Check Allotment Status Online?

    The IPO allotment status can be checked online by following these steps:

    1) Go to the official BSE website via the URL —https://www.bseindia.com/investors/appli_check.aspx.

    2) Under ‘Issue Type’, select ‘Equity’.

    3) Under ‘Issue Name’, select ‘Quadrant Future Tek Ltd’ in the dropbox.

    4) Enter your application number, or the Permanent Account Number (PAN).

    5) Then, click on the ‘I am not a robot’ to verify yourself and hit ‘Search’ option.

    Your share application status will appear on your screen.

    You can also visit direct Link Intime India’s portal — https://www.linkintime.co.in/Initial_Offer/public-issues.html and check the Quadrant Future Tek IPO allotment status.

    Quadrant Future Tek IPO GMP Today

    According to market observers, unlisted shares of Quadrant Future Tek Ltd are currently trading at Rs 480 per share in the grey market, which is Rs 190 or 65.52 per cent higher than the IPO issue price of Rs 290. It indicates a strong listing on January 14.

    The GMP is based on market sentiments and keeps changing. ‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.

    Quadrant Future Tek IPO: More Details

    The Rs 290-crore Initial Public Offering (IPO) is entirely a fresh issue of up to Rs 290 crore with no offer of sale component.

    The net proceeds from its fresh issuance will be used to fund the long-term working capital requirements.

    Quadrant Future Tek on Monday raised over Rs 130 crore from anchor investors.

    IPO proceeds will also be used towards capital expenditures on the development of the electronic interlocking system, debt repayment and the balance for general corporate purposes.

    Quadrant is a research-oriented company, engaged in developing new-generation train control and signalling systems under the KAVACH project of the Indian Railways that offers the highest level of safety and reliability to rail passengers.

    It also possesses a speciality cable manufacturing facility with an electron beam irradiation centre. The cables manufactured by the Mohali-based firm are used in railways rolling stock and Naval (defence) industry.

    For the speciality cable division, the company had an installed capacity of 1,887.60 metric tonnes as of September 30, 2024.

    Sundae Capital Advisors is the sole book-running lead manager to the issue.

    News business » ipo Quadrant Future Tek IPO: Check GMP, Listing Date, A Step-By-Step Guide To Check Allotment Status Online



    Source link

    Must Read

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Trending