Quadrant Future Tek IPO, a book-built issue worth Rs 290 crores, was open for bidding between January 7 and January 9, 2025. The IPO consists entirely of a fresh issue of 1 crore equity shares, with a price band set between the range of Rs 275 and to Rs 290 per share.
The allotment of shares is likely to be finalised today, January 10. The company is expected to list on both the NSE and BSE on Tuesday, January 14.
The IPO witnessed massive interest from investors over its three-day bidding process. The issue was oversubscribed by 196.96 times by the end of its third day on January 9, 2025. The retail segment saw the highest demand with subscriptions hitting 256.46 times. The qualified institutional buyers (QIBs) category followed at 139.77 times and non-institutional investors (NII) quota was booked 268.03 times.
Sundae Capital Advisors are the book-running lead manager, while Link Intime India Private is appointed as the registrar for the issue.
Here’s how to check share allotment status on Link Intime:
Visit the official registrar's page for the issue using this URL: https://linkintime.co.in/initial_offer/
Select the company from the dropdown menu
Enter you application number, PAN or DP Client ID
Press the Submit button
You allotment status will appear on your screen
Here’s how to check the Quadrant Future Tek IPO allotment status on BSE:
Visit the official website of Bombay Stock Exchange (BSE)
Go to the 'Investors' section
From the 'Investor Services' dropdown menu, select 'Status of Issue Application'
Click on 'Application Status Check'
Choose 'Equity' as the issue type
Fill in the required details, including the 'Issue Name'
Enter your PAN number and click on 'Search' to view the status
Quadrant Future Tek IPO GMP
Quadrant Future Tek shares were commanding a grey market premium (GMP) of Rs 190, as of January 10, 2025, at 06:57 AM, according to investorgain.com. With the IPO price band set at Rs 290, the expected listing price for the shares is Rs 480, which includes today’s GMP. This suggests a potential gain of 65.52 per cent.
