
Mohali-based Quadrant Future Tek made an impressive debut on the stock exchanges today, January 14, with its shares listing at ₹370, reflecting a 27.59% premium over its IPO price of ₹290. The company’s robust IPO demand and strong market sentiment contributed to the stellar debut.
Key Details:
- IPO Price: ₹290 per share
- Retail Lot Size: 50 shares
- HNI Lot Size: 700 shares
- Listing Price: ₹370
- Listing Gain:
- Retail Investors: ₹4,000 per lot
- HNI Investors: ₹56,000 per lot
IPO Performance:
The IPO was open for subscription from January 7 to 9, offering shares in a price band of ₹275-₹290 per share. The total issue size was ₹290 crore, entirely comprising a fresh issuance of 1 crore equity shares. The IPO witnessed stellar oversubscription of 186.66 times, with the following breakdown:
- QIBs: 132.54 times
- NIIs: 254.71 times
- Retail Investors: 246.94 times
Analyst View:
Analysts had anticipated a strong debut, with Quadrant Future Tek attracting significant investor interest due to its innovative business model and strategic role in India’s ‘KAVACH’ project for next-generation train control and signaling systems. Research analyst Abhishek Pandya from StoxBox advised long-term investors to hold onto the stock, citing strong fundamentals and growth potential.
Company Overview:
Incorporated in 2015, Quadrant Future Tek specializes in developing train control and signaling systems for Indian Railways’ safety initiative. It also operates a specialty cable manufacturing facility with an Electron Beam Irradiation Centre, catering to niche segments.
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