Quadrant Future Tek IPO GMP Today: The IPO of Quadrant Future Tech, a company manufacturing train protection system named Kavach for Indian Railways, opened on January 7 and closed on January 9. The company’s IPO received overwhelming support from investors. According to NSE data, this IPO received a total subscription of 186.66 times. Let us tell you that the company is raising a total of Rs 290.00 crore from its IPO. Quadrant Future Tech, under its IPO, has fixed the price band of Rs 275 to Rs 290 for each share.
The company will be listed on both the major market exchanges BSE and NSE on January 14.
This is a mainboard IPO, which will be listed on BSE and NSE, both the major exchanges of the Indian stock market on 14 January. Under this IPO, all 1,00,00,000 fresh shares with face value of Rs 10 will be issued. Let us tell you that the allotment of shares was done last week on Friday, January 10. Shares will be credited to the demat accounts of investors today, January 13.
GMP reached here after falling by Rs 210
Quadrant Future Tech’s IPO has received tremendous support from investors. However, there is a lot of confusion regarding the company’s shares in the gray market. On Thursday, January 9, the company’s shares were trading with a GMP of Rs 210 (72.41%) in the gray market. However, for the last several days its GMP was stuck at Rs 210. The GMP price of Quadrant Future Tech shares had reached Rs 210 on Monday, January 6 itself. Till January 3, its GMP was at 0 and on January 4 it directly reached Rs 140. After which it reached Rs 180 on January 5 and Rs 210 on January 6. But today, on January 13, ISA GMP has fallen from the top of Rs 210 to Rs 145.
Latest Business News