Sun Jan 12 01:44:22 UTC 2025: ## Quadrant Future Tek IPO Oversubscribed by Nearly 200 Times, Allotment Expected Friday

**MUMBAI, January 10, 2025** – The initial public offering (IPO) of Quadrant Future Tek Limited concluded with phenomenal success, exceeding expectations by a significant margin. The IPO, which opened on January 7th and closed on January 9th, was oversubscribed a staggering 195.96 times. Retail investors showed the most enthusiasm, with subscriptions reaching 256.46 times the offered shares. Qualified institutional buyers (QIBs) and non-institutional investors (NIIs) also demonstrated strong interest, oversubscribing by 139.77 times and 268.03 times, respectively.

The IPO aimed to raise Rs 290 crore, with a price band set between Rs 230 and Rs 243 per share. Investors could apply for a minimum of 61 shares.

Allotment of shares is expected to be finalized on Friday, January 11th. Investors can check their allotment status online through the Bombay Stock Exchange (BSE) website or the website of Link Intime India Private Ltd., the registrar for the issue. Detailed instructions on how to check allotment status are available on both websites.

A strong grey market premium (GMP) of Rs 190 as of January 10th, suggests a projected listing price of around Rs 480, representing a potential gain of 65.52% per share. Quadrant Future Tek’s shares are set to debut on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on Tuesday, January 14th.

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