Incorporated in September 2015, Quadrant Future Tek Limited specializes in developing advanced Train Control and Signaling Systems for the Indian Railways’ KAVACH project, aimed at improving passenger safety and system reliability. The IPO allotment for Quadrant Future Tek is likely to be finalized today, Friday, January 10, 2025.
Checking the Quadrant Future Tek IPO Allotment Status
Steps to Check Quadrant Future Tek IPO Allotment Status on BSE
- Open the Application Status page of BSE.
- Choose “Equity” as the issue type.
- Select “Quadrant Future Tek Ltd.” from the list of companies.
- Enter your IPO application number or PAN.
- Verify the captcha by clicking on the “I am not a Robot” box.
- Click the “Submit” button to check the details of the allotment status.
Steps to Check Quadrant Future Tek IPO Allotment Status on NSE
- Visit NSE’s IPO bid verification page.
- Register on the website if you are a new user.
- Select ‘QUADFUTURE’.
- Enter details such as your application number.
- Click on ‘Get Data’.
Steps to Check Quadrant Future Tek IPO Allotment Status On Link Intime India
- Open the IPO allotment page on the Link Intime India website.
- Select ‘Quadrant Future Tek Ltd.’ from the list of companies in the dropdown menu.
- Select any of the options displayed on the screen—PAN, Application Number, DP/Client ID, or Account Number/IFSC.
- Enter the required details based on your selection.
- Click on ‘Submit’ to check allotment details.
Quadrant Future Tek IPO Details
Quadrant Future Tek IPO is a book-built issue worth ₹290 crore, consisting entirely of a fresh issue of 1 crore shares. The bidding for the IPO took place between January 7 and January 9, 2025, with the allotment likely to be finalized today, Friday, January 10, 2025. The company’s shares are set to be listed on both BSE and NSE, with the tentative listing date scheduled for Tuesday, January 14, 2025. The price band for the IPO is set between ₹275 and ₹290 per share, with a minimum application lot size of 50 shares. Sundae Capital Advisors is the book-running lead manager, and Link Intime India Private Ltd is the registrar for the issue.
Use of Proceeds
The company intends to utilize the net proceeds from the issue to fund its long-term working capital requirements, invest in capital expenditure for the development of an Electronic Interlocking System, prepay or repay a portion of its outstanding working capital term loan, and cover general corporate purposes to support overall business growth.
Quadrant Future Tek IPO Day 3 Subscription Status
(January 9, 2025, End of the Day)
On the third day of bidding, the Quadrant Future Tek IPO was subscribed 186.66 times the total number of shares available. Non-Institutional Investors (NIIs) subscribed to 254.71 times their allocated portion. Retail Investors subscribed 246.94 times the shares set aside for them. The Qualified Institutional Buyers (QIBs) segment saw a subscription rate of 132.54 times.
Quadrant Future Tek Business Overview
Quadrant Future Tek Limited, established in September 2015, focuses on developing next-generation Train Control and Signaling Systems for the Indian Railways’ KAVACH project, aimed at enhancing passenger safety and system reliability. The company also specializes in manufacturing advanced speciality cables, supported by an in-house Electron Beam Irradiation Centre. With a technology-driven approach, its products comply with ISO, IRIS, and TS standards, adhering to stringent Quality Management Systems.
The company operates a state-of-the-art manufacturing facility in Village Basma, Tehsil Banur, District Mohali, Punjab, where it manufactures, tests, and develops speciality cables and hardware for its Train Control and Signaling Division. This facility plays a key role in the company’s product innovation and quality assurance processes.
Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.
