Quadrant Future Tech IPO GMP: If you are also thinking of betting in an Initial Public Offering (IPO), then there is good news for you. This issue is of Quadrant Future Tech Limited. The IPO of Quadrant Future Tech Limited will open on 7 January. The company’s IPO will close for subscription on Thursday, 9 January. Its price band is Rs 290.
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Quadrant Future Tech IPO GMP
According to Investorgain.com, Quadrant Future Tech IPO GMP is available in the gray market at a premium of Rs 180. This means that the possible listing of the company’s shares is Rs 470. That means this share can make a profit at a 62.07% premium on the very first day.
Quadrant Future Tech IPO Details
According to the statement issued by the company, Quadrant Future Tech Limited has fixed the price band of Rs 275 to Rs 290 per equity share with a face value of Rs 10 for its first IPO. Investors can bid for a minimum of 50 equity shares. After that bidding can be done in multiples of 50 equity shares. Its promoters are Mohit Vohra, Amit Dhawan, Amrit Singh Randhawa, Rupinder Singh, Vishesh Abrol and Vivek Abrol, Ekjot Singh, and Rajbir Singh Randhawa.
Quadrant Future Tech IPO GMP Important Dates
- IPO opening date – Tuesday, January 7, 2025
- IPO closing date – Thursday, January 9, 2025
- Basis of allotment – Friday, January 10, 2025
- Refund Start – Monday, January 13, 2025
- Credit of shares in demat – Monday, January 13, 2025
- Listing Date – Tuesday, January 14, 2025
- Face value – ₹10 per share
- Price Band – ₹275 to ₹290 per share
- Lot Size – 50 Shares
- Minimum investment – ₹14,500 rs.
- Maximum investment – ₹1,88,500 rs
- IPO Registrar: Link Intime has been appointed as the official registrar for this public issue.
- lead manager: Sundae Capital Advisors has been made the lead manager of Quadrant Future Tech IPO GMP.
Planning of the Company
The company will use the funds raised through its IPO to fund the long-term capital requirements of the company (specialty cable division). Apart from this, capital expenditure for the development of an electronic interlocking system will be used for prepayment or repayment of all outstanding working capital term loans taken by the company and for general corporate purposes.
About the Company
- The company was established in 2015.
- The register office and manufacturing facility is located in Mohali district of Punjab state.
- This company works to develop train control and signaling systems for the Kavach Project of Indian Railways.
- This company works to develop train control and signaling systems for the Kavach Project of Indian Railways. The Electron Beam Radiation Center comprises the company’s specialized cable manufacturing facility.
- This characteristic of the company is also captured in its RHP, which reflects its advanced technological capabilities and contribution to the industry.
🚀 Quadrant Future Tek Limited IPO – A Promising Opportunity! 🚀
— Investingwithjainsahab.com 🇮🇳 (@JainSahabInvest) January 5, 2025
Quadrant Future Tek Limited, a renowned player in the tech-driven engineering industry, is set to open its IPO, offering investors a chance to be part of its growth story. With a strong GMP and robust fundamentals,… pic.twitter.com/8tSSBZI3Tq
Financial Performance
In the last year, the company’s revenue has decreased by one percent but the profit after tax has increased by 6%. In the previous year, the company’s revenue had increased by 46.66% and profit after tax by 616.49%.
Jay Chavda He is the Founder and Writer of businesspulsecare.com. He is an I.T Engineer, Freelancer, Businessman. He posts Business, Stock/Share Market, Finance Related News and updates on the website. 🔗