Quadrant Future Tek IPO Allotment Status

Summary

Quadrant Future Tek Limited specialises in developing next-generation train control and signalling systems for the Indian Railways' KAVACH project, enhancing passengers' safety and reliability. The company operates from their facility in Village Basma, Tehsil Banur, District Mohali, where they manufacture speciality cables and hardware for its Train Control & Signalling Division. Their technology-driven approach ensures products meet ISO, IRIS, and TS standards, following strict Quality Management Systems.

The company has launched its IPO with a total issue size of ₹290.00 crore through a fresh issue of 1.00 crore shares. The IPO opened on January 7, 2025, and closed on January 9, 2025. The allotment date for the Quadrant Future Tek IPO is set for Friday, January 10, 2025.

Steps to Check Quadrant Future Tek IPO Allotment Status on Registrar Site

• Visit Link Intime India Private Ltd website.
• Select "Quadrant Future Tek IPO" from the dropdown menu.
• Enter your PAN ID, Demat Account Number, or Application Number.
• Complete the captcha verification and click "Submit."

Steps to Check Quadrant Future Tek IPO Allotment Status on BSE/NSE

• Visit the BSE or NSE IPO Allotment Page.
• Select "Quadrant Future Tek IPO" from the dropdown menu.
• Enter your Application Number and PAN ID.
• Confirm captcha and click "Search."

Quadrant Future Tek Subscription Status

The IPO received exceptional investor interest, being subscribed 195.96 times overall. Here is a category-wise breakdown of the subscription as of 6:19:08 PM on January 9, 2025:

• Retail Category: 256.46 times
• Qualified Institutional Buyers (QIB): 139.77 times
• Non-Institutional Investors (NII): 268.03 times
• Large NII (> ₹10L): 274.25 times
• Small NII (< ₹10L): 255.57 times
   

As of 6:19:08 PM

Utilisation of IPO Proceeds

The funds raised through the IPO will be utilized as follows:

• Working Capital Requirements: Meeting long-term working capital needs of the company.
• Electronic Interlocking System: Capital expenditure for development.
• Debt Reduction: Prepayment or repayment of outstanding working capital term loan.
• General Corporate Purposes: Supporting various business objectives.

Quadrant Future Tek IPO - Listing Details

The shares are scheduled to list on January 14, 2025, on both BSE and NSE. The strong subscription rate of 195.96 times demonstrates significant investor confidence in Quadrant Future Tek's business model and growth prospects. The funds raised will support the company's expansion plans and operational needs, positioning it for future growth. Investors can check their allotment status through the registrar's website or BSE/NSE on January 10, 2025. The shares are set to debut on January 14, 2025, marking an important milestone for the company.