Mon Jan 06 08:52:09 UTC 2025: ## Quadrant Future Tek IPO Generates Buzz with High Grey Market Premium
**MUMBAI, INDIA** – The upcoming initial public offering (IPO) of Quadrant Future Tek is creating significant buzz in the Indian market, even before the bidding period opens. The company’s shares are trading at a substantial premium in the unofficial grey market, indicating strong investor interest.
The IPO, a mainboard issue, will open for a three-day bidding period from January 7th to 9th, 2025. The price band is set between Rs 275 and Rs 290 per share. However, the grey market premium currently stands at Rs 180 per share, representing a 62.29% gain over the upper price band. It’s crucial to remember that this grey market price is not indicative of the final listing price, which will be determined by market conditions.
Minimum investment requirements vary depending on investor type: Rs 14,500 (50 shares) for retail investors, Rs 203,000 (14 lots) for small non-institutional investors, and Rs 10,00,500 (69 lots) for big non-institutional investors.
Quadrant Future Tek’s Draft Red Herring Prospectus (DRHP) revealed some legal risks, including past litigation involving promoters and ongoing legal proceedings against a promoter director. The company acknowledges that adverse outcomes in these cases could negatively impact its business.
Sundae Capital Advisors is the book-running lead manager for the IPO, and Link Intime India is the registrar. Share allotment is scheduled for January 10th, 2025, with the expected listing on the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) on January 14th, 2025.
First Piper 