Tue Jan 07 15:40:30 UTC 2025: ## Quadrant Future Tek IPO Oversubscribed on Day 1

**Mumbai, January 7, 2024** – Quadrant Future Tek Ltd.’s initial public offering (IPO) saw phenomenal demand on its first day, exceeding expectations. The ₹290-crore IPO, priced between ₹275 and ₹290 per share, was oversubscribed by 15.81 times by the closing bell at 5 PM IST.

The company, focused on advanced train control and signaling systems for Indian Railways’ KAVACH project and specialty cable manufacturing, received bids for 9,19,99,350 shares against the 57,99,999 shares on offer. Retail investors alone oversubscribed their quota by a massive 54.84 times, while non-institutional investors subscribed 21.51 times. Qualified institutional buyers (QIBs) showed more conservative interest, with a 5% subscription rate.

Quadrant Future Tek had already secured over ₹130 crore from anchor investors on Monday. The IPO proceeds will fund long-term working capital, capital expenditures for electronic interlocking systems, debt repayment, and general corporate purposes. The company’s strong performance is attributed to its technological expertise, manufacturing capabilities, and strategic partnerships, notably its exclusive agreement with RailTel for KAVACH-related projects. Quadrant’s revenue has shown a compound annual growth rate (CAGR) of 44.85% from FY21 to FY23.

The grey market premium (GMP) for Quadrant Future Tek shares is currently at ₹210, suggesting an anticipated listing price significantly above the IPO price. However, investors are advised to exercise caution and seek professional advice before investing. The company’s P/E ratio of 59x is considered in line with industry peers. Analysts generally recommend a “SUBSCRIBE” rating for long-term gains, but individual investment decisions should be based on personal risk tolerance and financial expertise.

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