Quadrant Future Tech IPO Listing Price: Quadrant Future Tech, a train controlling and signaling system manufacturing company, got listed in the stock market today. The company’s shares were listed on BSE at a price of Rs 374.00 with a premium of about 29 percent. Similarly, the company’s shares were also listed on NSE at a price of Rs 370.00 with a premium of about 27.6 percent. At the time of writing at 10.51 am on Tuesday, shares of Quadrant Future Tech were trading at Rs 404.40, up Rs 114.40 (39.45%) from their issue price on BSE.
IPO got 186.66 times subscription
This IPO, which opened on 7 January, closed on 9 January. This IPO received a total subscription of 186.66 times. Considering the huge subscription received from investors for Quadrant Future Tech’s IPO, it was expected that the company’s shares would be listed in the market with a premium of around 50 percent.
The company had fixed the price band of Rs 275 to 290.
Quadrant Future Tech had fixed the price band of Rs 275 to Rs 290 for each share under its IPO. The company has raised a total of Rs 290 crore from this IPO. For this, the company has issued a total of 1,00,00,000 fresh shares. There was no OFS involved in this IPO.
There was chaos in the stock market on Monday
Let us tell you that on Monday there was a terrible decline in the stock market. Yesterday BSE Sensex fell 1048.90 points and closed at 76,330.01 points. Whereas, NSE Nifty 50 also closed at 23,085.95 with a big fall of 345.55 points. However, today on Tuesday the market opened in the green mark and till the time of writing this news it was still trading in the green mark.
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