Quadrant Future Tek IPO: A step-by-step guide to evaluating the allocation scenario

Quadrant Future Tek IPO Share Status: Quadrant Future Tek’s initial public offering (IPO) ended with a total subscription of 186.66 times on Thursday, January 9. Those who participated in the technology company’s IPO may be able to check the application conditions online soon. Here’s where and how users can check the status of the assignment:

Quadrant Future TEK IPO share process is fixed on Friday, January 10, 2025. If you have applied, you can check your status on the website of the official registrar Link Intime India.

Here’s a step-by-step guide to checking your IPO stock status:

Step 1: Visit the official registration website of Link Intime India Pvt Ltd —

Step 2: Select IPO company, Quadrant Future TEK

Step 3: In the same interface, fill your PAN card details/application number/demo account/account number and IFSC code.

Step 4: Click the ‘Submit’ button, and the status of your application will appear on the screen.

Quadrant Future TEK phase wise registration; HNIs, RIIs, QIBs are fully booked segments

The IPO received bids of 1,08,26,32,500 shares against 57,99,999 shares on offer, according to BSE data.

The category of individual investors (RII) saw the registration of 246.94 times. The non-institutional investor (NII) segment registered the highest number of applications which is 254.71 times, while the qualified institutional buyer (QIB) category received 132.54 times the subscriptions.

Quadrant Future TEK Shares Debut

Quadrant Future TEK stock will probably start working on Tuesday, January 14, 2025.

Before opening the sale of its shares, the company raised Rs 130 crore from anchor investors on Monday, January 6, 2025. The company launched the public issue at a price band between Rs 275 and Rs 290/share. It will conclude on Thursday, January 9, 2025.

Quadrant Future Tek IPO: Important Details

Problem size: Rs 290 crore, entirely through fresh equity issue.

Lead bookkeeping manager (BRLMs): Sundae Capital Advisors

Use of profit:

• Long-term working capital requirements
• Major cost of development of electronic interlocking system
• Payment of debt
• General business purposes

About Quadrant Future Tek

Quadrant Future Tek Ltd is a company developing next generation train control and signaling systems under KAVACH project of Indian Railways. The KAVACH system provides high levels of safety and reliability for train passengers. The company also operates a special cable production facility equipped with an electron beam irradiation facility.