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Quadrant Future Tek Share Price Opens at ₹370 on Listing Day; Above Issue Price of ₹290

Written by: Nikitha DeviUpdated on: Jan 14, 2025, 3:10 PM IST
On Jan 14, Quadrant Future Tek debuted on NSE at ₹370, up from its ₹290 issue price. By 10:24 AM, it traded at ₹377.60, with a day's high of ₹389.90.
Quadrant Future Tek Share Price Opens at ₹370 on Listing Day; Above Issue Price of ₹290
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Quadrant Future Tek IPO opened for subscription on January 7, 2025, and closed on January 9, 2025.

It was a book-built issue of ₹290.00 crore. The issue was a fresh issue of 1.00 crore shares. The Quadrant Future Tek IPO price band was set at ₹275 to ₹290 per share.

On Day 3 of subscription, January 9, as of 6:19 PM, Quadrant Future Tek IPO was subscribed 195.96 times. QIBs subscribed 139.77x, NIIs subscribed 268.03x, and retail investors subscribed 256.46x.

The share allotment was finalised on January 10, 2025, and the shares were listed on BSE and NSE on January 14, 2025.

Quadrant Future Tek Share Price

On the listing day, on the NSE, Quadrant Future Tek share price opened at ₹370.00, up from its issue price of ₹290.00. At 10:24 AM, the share price was trading at ₹377.60, up by 2.05% from its opening price of ₹370.00. As of the same time, the stock touched its day’s high at ₹389.90. The company’s market cap was ₹1,516.40 crore.

On the BSE, at 10:25 AM, Quadrant Future Tek share price was trading at ₹378.85, up by 1.30% from its opening price of ₹374.00 and 30.84% up from its issue price of ₹290.00.

About Quadrant Future Tek Limited

Quadrant Future Tek is a research-driven company focused on developing next-generation Train Control and Signalling Systems under the KAVACH project of Indian Railways, aimed at ensuring the highest levels of safety and reliability for rail passengers. The company also operates a speciality cable manufacturing facility equipped with an Electron Beam Irradiation Centre. These speciality cables are utilised in railway rolling stock and the naval (defence) industry. Additionally, the facility is fully equipped with end-to-end infrastructure for the production of solar and EV cables.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Jan 14, 2025, 10:41 AM IST

Nikitha Devi

Nikitha is a content creator with 6+ years of experience in the financial domain. Specialising in personal finance, investments, and market insights, Nikitha simplifies complex financial topics, making them accessible to readers.

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