Fri Jan 10 05:44:45 UTC 2025: ## Quadrant Future Tek IPO OverSubscribed, Allotment Expected Tonight

**Mumbai, India** – Quadrant Future Tek Ltd.’s initial public offering (IPO) concluded yesterday with an overwhelming response, garnering a 185.82 times subscription. The Rs 290 crore issue, priced between Rs 275 and Rs 290 per share, surpassed expectations, having already raised over Rs 130 crore from anchor investors. Allotment is expected to be announced later tonight.

Investors can check their allotment status through several channels: the registrar Link Intime India Pvt Ltd’s website ([https://linkintime.co.in/initial_offer/](https://linkintime.co.in/initial_offer/)), the National Stock Exchange of India (NSE) website ([https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp](https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp)), or the Bombay Stock Exchange (BSE) website. Detailed instructions for checking allotment status on each platform are available.

The grey market premium (GMP) for Quadrant Future Tek shares is reportedly around 70%, with some sources suggesting a potential listing gain of nearly 69%. The shares are slated to list on the BSE and NSE on January 14th.

Quadrant Future Tek is a research-driven company specializing in developing next-generation train control and signaling systems, notably contributing to the Indian Railways’ KAVACH project. The company also manufactures specialty cables for railway rolling stock and the defense industry. IPO proceeds will be used for capital expenditures, debt repayment, and general corporate purposes.

**Disclaimer:** This news article is for informational purposes only and does not constitute investment advice. Consult with a certified financial advisor before making any investment decisions.

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