IPO (initial public offering) of Quadrant Future Tek Limited has been concluded after a three-day bidding period on Thursday, January 9, 2025. The company may finalize the share allotment on Friday, January 10. The IPO saw a massive overall subscription, reaching 186.66 times the available shares on the third day. As per the data, the issue received the bids for 1,08,26,32,500 shares, significantly exceeding the 57,99,999 shares on offer. Here’s how different groups subscribed:
- Qualified Institutional Bidders (QIBs): 132.54 times.
- Non-institutional investors (NIIs): 254.71 times.
- Retail investors: 246.94 times their allotted quota.
The company’s IPO started on January 7, 2025, and concluded on January 9, 2025. The company aimed to raise Rs 290 crores from this share sale. Furthermore, the minimum investment requirement was 50 shares. The company offered 57,99,999 shares for sale, with a price band of Rs 275 to Rs 290 apiece.
Quadrant Future Tek IPO: GMP
In the grey market, Quadrant Future Tek Limited’s shares maintained a premium of Rs 190. Furthermore, this suggests a potential listing price of Rs 480, representing a significant 65.52% premium from the upper band of IPO price of Rs 290.
How To Check Share Allotment Status
Registrar’s Website
- Go to the IPO allotment page on the Link Intime India’s website.
Choose ‘Quadrant Future Tek Ltd.’ from the list of companies in the dropdown menu.
Choose any of the options displayed on the screen: PAN, Application Number, DP/Client ID or Account Number/IFSC.
Provide the required details based on your selection.
Tab on ‘Submit’ to see allotment details.
BSE’s Website
- Dive into the Application Status page of BSE.
Select “Equity” as the issue type.
Choose “Quadrant Future Tek Ltd.” from the list of companies.
Provide your IPO application number or PAN.
Do the captcha.
Tab on the “Submit” button to see the allotment status.
NSE’s Website
- Go to NSE’s IPO bid verification page.
Register on the website if you are a new user or login.
Choose ‘QUADFUTURE’.
Provide details such as your application number.
Tab on ‘Get Data’ option.
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