Here are the key points about the Quadrant Future Tek IPO allotment status:
- Allotment Status: The allotment of the Quadrant Future Tek IPO has been finalized.
- Listing Date: The listing will take place on January 14, 2025, on both BSE and NSE.
- Subscription: The IPO received an overwhelming subscription of 195.96 times, with the retail category receiving a whopping 256.46 times subscription.
- Price Band: The price band of the IPO was fixed at Rs 275 to Rs 290 apiece.
- GMP (Grey Market Premium): 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% higher than the IPO issue price of Rs 290.
- How to Check Allotment Status: Investors can check their allotment status online by visiting the BSE website (https://www.bseindia.com/investors/appli_check.aspx) or Link Intime India’s portal (https://www.linkintime.co.in/Initial_Offer/public-issues.html).
- IPO Details: The Rs 290-crore IPO is entirely a fresh issue with no offer of sale component, and the net proceeds will be used to fund long-term working capital requirements, capital expenditures, debt repayment, and general corporate purposes.
- Company Background: Quadrant Future Tek is a research-oriented company engaged in developing new-generation train control and signalling systems under the KAVACH project of the Indian Railways, as well as manufacturing specialty cables for railways rolling stock and Naval (defence) industry.
Please note that the information provided is based on publicly available data and may not reflect real-time updates. It’s always recommended to verify with certified experts before making any investment decisions.