Quadrant Future Tek IPO subscription started on Tuesday, January 07, 2025, and will close on January 09, 2025, as per the schedule. The price band is set at ₹275 to ₹290 per share with a face value of ₹10.
Quadrant Future Tek IPO Subscription Status
Quadrant Future Tek IPO Subscribed over 7.55x on its First day till 5.00 PM on 07 January 2025.
- Quadrant Future Tek IPO subscription QIB investors portion is 0.04 times, while NII subscribed 9.76 times and RII investors subscribed 26.8 times.
- The company has received bids for 4,15,48,009 shares against 55,00,000 shares on offer on the first day of subscription.
- Quadrant Future Tek IPO Subscribed over 7.55x on its first day.
About Quadrant Future Tek Company
Quadrant Future Tek Research is one of the top-notch companies to make innovative systems and research to control the operations of trains. It was founded in 2015. This method is significant for the safety and efficiency of trains. Moreover, it also offers special cables for railway and naval(defense) sectors that were prepared for solar cells and EV cables. Not only solar cells and EV cables but also electron beam irradiated cables for industry assurance and durability. These cables had been created with special fire-resistant materials and treated with electron beam radiation. This firm special in railway signaling and Embedded System Design center focused on developing Train Control products and solutions and also working on innovating train Collision Avoidance Systems and an Electronic Interlocking System under KAVACH, an Automatic Train Protection System which has the major motive of improving the preservation and soaring capacity on Indian railway. Further, it also has expert promoters with more than 20 years of experience in the railway sector and the manufacturing industry.
Quadrant Future Tek Financial Report
The company reported revenue of ₹151.82 crore in 2024 against ₹152.95 crore in 2023. The company reported a profit of ₹14.71 crores in 2024 against a Profit of ₹13.90 crores in 2023.
Quadrant Future Tek IPO GMP:
Quadrant Future Tek IPO GMP was ₹210 as of Tuesday, January 07, 2025. That indicates the IPO is trading at ₹500 with ₹210 premium in the grey market against the issue price of ₹290
