Sat Jan 11 10:47:55 IST 2025: ## Quadrant Future Tek IPO Allotment Finalized; Shares Trade at Premium in Grey Market

**Mumbai, India – January 13, 2024** – The allotment of shares for the highly oversubscribed Quadrant Future Tek initial public offering (IPO) has been finalized. Investors can now check their allotment status on the registrar’s website, Link Intime India, or the BSE website.

The IPO, which closed on January 9th with a subscription rate of 186.66 times, saw exceptionally strong demand, particularly from retail investors (246.94 times subscribed) and non-institutional investors (254.71 times subscribed).

Successful applicants will receive their shares in their demat accounts on Monday, January 14th. Refunds for unsuccessful applicants will also begin on the same day. The shares are scheduled to list on the bourses on Tuesday, January 14th.

The grey market is buzzing with activity, indicating strong investor confidence. The grey market premium (GMP) currently stands at ₹171, suggesting a potential listing price of ₹461 – a 63% premium over the IPO price of ₹290. While this reflects positive sentiment, investors are urged to exercise caution and consult with financial advisors before making any investment decisions. The GMP fluctuates and is not a guarantee of the actual listing price.

Investors can check their allotment status using their application number, Demat account number, or PAN on the Link Intime India website or the BSE website. Detailed instructions for accessing this information are available on the websites and in the original release. The National Stock Exchange (NSE) website also provides an allotment status check.

**Disclaimer:** This news article is based on publicly available information. Investment decisions should be made after consulting with a qualified financial advisor.

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