New Delhi: Quadrant Future Tek IPO is set to be available for the general public starting January 7, 2025, and closing on January 9. Quadrant is actively involved in the funding of the new generation train control and signalling systems as part of Indian Railways KAVACH scheme. The company reported having raised north of Rs 130 crore from anchor investors in anticipation of the public issue going live.

The firm's web page shows that Shubhkam Venture (I) Pvt Ltd, Ashoka WhiteOak ICAV, LIC MF, Bank of India MF, Capri Global Capital, Citigroup Global Markets Mauritius, WhiteOak Capital Mutual Fund (MF), Kotak MF, Bengal Finance and other made the purchases. Quadrant Future Tek issued 45 lakh equity shares for Rs 290 during the IPO to a total of 22 persons.

Quadrant Future Tek Editor's IPO price, GMP

Quadrant Future Tek IPO shares are pegged in the price band of Rs 275 to Rs 290. A retail participant must place a bid for at least 50 shares and make a payment of Rs 14,500. For applying in the NII portion, a minimum commutation of 14 lots is set, while for bNII part investors, a minimum of 69 lots has to be applied for.

The Quadrant Future Tek IPO GMP stood at Rs 210 on the morning of January 7. Since the shares cannot be priced more than Rs 290, the shares are likely to be listed at Rs 500 which means a gain of approximately 72 per cent.

The company has made a book built issue of Rs 290 crore for the Quadrant Future Tek IPO with no offer for sale . In its IPO document, the company stated that the net proceeds from the issue would be applied to meet the long term working capital requirements. The company will allocate the proceeds into capital expenses for the electronic interlocking systems development, repayment of debts, and the rest for other general corporate needs.

​IPO Offering allotments of Quadrant Future Teks is expected between January 10, 2025 and January 13, 2025.

The previous date indicates the latest date when the refunds are expected to start.

Between January 13 and January 14 the company expects theres a good possibility it will be able to link the demat accounts of applicants with basic application forms successfully.

The issuance for the company’s shares is planned to be released for listing purpose on both Indian exchanges BSE and NSE starting from January 15.

Part of the registration is assigned to Link Intime part while the vesting managers is headed by Sundae capital advisors.