Quadrant Future Tek share allotment is likely to be announced later tonight after a bumper public subscription to Rs 290 crore issue concluded on January 9 in the primary market. The public issue had a price band of Rs 275-290 per share.
The initial public offer of Quadrant Future Tek Ltd garnered a whopping 185.82 times subscription on the final day of share sale on Thursday. Earlier, the issue raised over Rs 130 crore from anchor investors.
The investors who subscribed to the mega issue by Quadrant Future Tek can check their allotment status on the official website of the registrar, Link Intime India Pvt Ltd. The share finalization can also be verified on the websites of the exchanges, NSE and BSE.
Quadrant Future Tek IPO allotment date today: Steps to check share allotment status on Link Intime
Step 1: Open the link to the official registrar of the issue on this URL: https://linkintime.co.in/initial_offer/
Step 2: Select the company from the dropdown menu.
Step 3: You check your allotment status by filling in details like PAN, application number or DP client ID.
Step 4: Press the Submit button
Step 5: Your allotment status will be shown in the window.
Quadrant Future Tek IPO allotment status check on NSE
Step 1: Open the website of NSE by clicking on this direct link (https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp).
Step 2: Register by signing up using your details and then Submit.
Step 3: Select 'Quadrant Future Tek'
Step 4: Investors can check the allotment status by filling in details like their IPO Application number.
Step 5: Press the Submit button
Step 6: The allotment status will be shown in the window.
Quadrant Future Tek IPO allotment status check on direct link of BSE
Step 1: Open the website of Bombay Stock Exchange (BSE).
Step 2: Click on 'Investors' option.
Step 3: On the 'Investor Services' dropdown, click on 'Status of Issue Application'.
Step 4: Click on 'Application Status Check'.
Step 5: Select Equity in the issue type.
Step 6: Fill in the required details including the 'Issue Name'.
Step 7: Enter PAN number and click on Search to view the status
Check All IPO News Here
Quadrant Future Tek IPO GMP Today Price
According to market observers, the shares of Quadrant Future Tek IPO are commanding a GMP of nearly 70 percent. Investorgain quoted a GMP of Rs 200 for the shares of the company in the unofficial market, indicating a listing gain of nearly 68.96 percent.
Quadrant Future Tek IPO shares will be listed on the BSE and NSE on January 14.
IPO proceeds will also be used towards capital expenditures on the development of the electronic interlocking system, debt repayment and the balance for general corporate purposes.
Quadrant is a research-oriented company, engaged in developing new-generation train control and signalling systems under the KAVACH project of the Indian Railways that offers the highest level of safety and reliability to rail passengers.
It also possesses a speciality cable manufacturing facility with an electron beam irradiation centre. The cables manufactured by the Mohali-based firm are used in railways rolling stock and Naval (defence) industry.
Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.
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