Quadrant Future Tek IPO subscription starts on 7 January 2025 and will close on 9 January 2025. The company plans to raise around INR 290 crore via the IPO. The price band is fixed at INR 275 – 290 per share. Quadrant Future Tek IPO market lot has 50 shares, and the minimum application amount is INR 14,500. The retail quota is 10%, QIB is 75%, and NII is 15%.
Check Quadrant Future Tek IPO Subscription Status here. The subscription figures are taken from BSE and NSE and are updated at regular intervals. Here you can find Quadrant Future Tek IPO Subscription Status segregated by days and investor categories.
Quadrant Future Tek IPO Subscription Status – Live Updates
Shares allotted to anchor investors are not included in these calculations. Similarly, shares allotted to market makers, if any, are not part of these calculations.
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Quadrant Future Tek – Business Background
Quadrant Future Tek is a technology-driven company established in September 2015, focusing on developing next-generation Train Control and Signalling Systems under the KAVACH project for the Indian Railways, which aims to enhance safety and reliability for passengers. The company operates a state-of-the-art specialty cable manufacturing facility with an Electron Beam Irradiation Centre, producing cables for various applications, including railway rolling stock and the naval defense industry.
Quadrant Future Tek is recognized for its adherence to strict quality management systems and compliance with international standards like ISO and IRIS, positioning itself as a key player in India’s transportation and industrial sectors.
In terms of financial performance, Quadrant Future Tek reported a profit of INR 14.71 crore for FY24, marking a 5.82% increase from INR 13.90 crore in FY23. Revenue from operations also saw a slight rise to INR 151.75 crore, up 0.68% from INR 150.80 crore in the previous year.
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Investor Categories in Quadrant Future Tek IPO Subscription
The three most important categories of IPO investors defined by SEBI are part of Quadrant Future Tek IPO.
Qualified Institutional Buyers (QIB) – Examples of QIBs are Foreign Portfolio Investors (FPIs), Scheduled Commercial Banks, Mutual Funds, Venture Capital Funds, Foreign Venture Capital Investors (FVCIs), Alternative Investment Funds (AIFs), Insurance Companies, Provident Funds and Pension Funds with a minimum corpus of INR 250 million.
Generally, 50% of the offer is reserved for QIBs. Some of these are classified as anchor investors which work towards stabilizing an IPO.
Non-Institutional Investor (NII) – These are affluent investors who can invest more than INR 200,000. In other words, these are High Networth Individuals (HNIs). Generally, 15% of the offer is reserved for this category. Bids in the category need to exceed INR 200,000. Typical examples include Category III FPIs, resident Indian individuals, HUFs (in the name of Karta), companies, corporate bodies, eligible NRIs, scientific institutions, societies, and trusts.
The NII category is further divided into two – big and small – the threshold application amount being INR 10,00,000 (INR 10 lakh).
Retail Individual Investor (RII) – This category is purely meant for small investors, whose bid must not exceed INR 200,000 per person. Usually, 35% of total shares are reserved for this category in the case of a company with profitable operations. If the IPO-bound company does not fulfill this criterion, only 10% of shares are reserved for retail investors.
Employee – Shares reserved for company employees are not part of the Net Offer and there may additionally be a discount on offer price to encourage employees to subscribe. Investors in the employee category may also apply under the retail category in an IPO. Therefore, this category of IPO investors has a unique advantage.
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Quadrant Future Tek IPO Subscription Status FAQs
When will the Quadrant Future Tek IPO subscription start?
Quadrant Future Tek IPO subscription starts on 7 January 2025 and ends on 9 January 2025.
How to subscribe to Quadrant Future Tek IPO?
You can subscribe to the IPO through ASBA and non-ASBA options. To use ASBA, login to your bank account and apply for the IPO online. Alternatively, you can download the form online or obtain a physical form, then submit the completed form to your broker or bank.
When will Quadrant Future Tek IPO be listed?
Quadrant Future Tek IPO will be listed on 14 January 2025, on the BSE and NSE stock exchanges.