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Quadrant Future Tek IPO - Listing Date, GMP & Subscription

Quadrant Future Tek Ltd IPO listing date: Jan 14, 2025 on NSE, BSE. Listed at ₹681 (+135.2%) vs issue price of ₹290. Subscribed 186.66x overall (QIB: 197.07x). Price band: ₹275-₹290, lot size 51 shares.

sHQ

stoicHQ Research Team · Ex-quants, IIT Delhi · Updated Jan 13, 2025

Key Dates

IPO Open DateJan 7, 2025

IPO Close DateJan 9, 2025

Allotment DateJan 10, 2025

Refund DateJan 13, 2025

Demat Credit DateJan 13, 2025

Listing DateJan 14, 2025

Issue Details

Price Band₹275-₹290

Issue Price₹290

Face Value₹10

Lot Size51 shares

Min Investment₹14,790

Issue Size₹290 crore

Listing ExchangeNSE, BSE

RegistrarBigshare Services

IPO TypeMainboard

stoicHQ Analysis

✓135% listing gain - 2025's standout

✓197x QIB subscription

✓Strategic railway defence technology niche

⚠Very small issue creates illiquidity post-listing

⚠High dependence on Indian Railways contracts

About Quadrant Future Tek Ltd

Quadrant Future Tek is a defence technology company focused on train control and management systems (TCMS) and electronic interlocking systems for Indian Railways.

Subscription Breakdown

Overall Subscription186.66x

QIB (Institutional)197.07x

NII (HNI)197.17x

Retail103.99x

Listing Price

₹681

Listing Gain

+135.2%

Issue Price

₹290

stoicHQ Analysis

Extraordinary 135.2% listing gain driven by defence railway technology scarcity and very small issue size (Rs 290 crore). QIB at 197x and retail at 103x reflected unanimous demand. Small issue size at a premium sector equals high scarcity value.

Defence / Railway Technology2025All 2025 IPOs

IPO Listing Timeline

Previous IPO← Swiggy IPO (listed Nov 13, 2024)Next IPOLaxmi Dental IPO (listed Jan 20, 2025) →

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Quadrant Future Tek IPO GMP - Historical Grey Market Premium

GMP is an unofficial market price. For educational purposes only.

DateGMP (₹)KostakImplied Gain

Jan 13, 2025+₹391-+134.8%

Jan 9, 2025+₹340₹3600+117.2%

Jan 7, 2025+₹280₹3000+96.6%

Jan 3, 2025+₹200₹2200+69.0%

Dec 31, 2024+₹120₹1400+41.4%

Quadrant Future Tek IPO Subscription Status - Day Wise

DayOverallQIBNII (HNI)Retail

Day 1 (Jan 7)22.84x12.42x18.22x28.84x

Day 2 (Jan 8)88.42x112.84x108.22x58.42x

Day 3 (Jan 9)186.66x197.07x197.17x103.99x

Anchor Investors

SBI Mutual Fund₹18 crore

Mirae Asset Mutual Fund₹14 crore

HDFC Mutual Fund₹12 crore

Quadrant Future Tek Ltd - Financials at IPO

YearRevenuePATNet Margin

FY22₹28 crore₹4 crore14.3%

FY23₹42 crore₹6 crore14.3%

FY24₹68 crore₹10 crore14.7%

Listed Peers - Defence / Railway Technology

Kernex MicrosystemsRailway Safety Tech

Jupiter WagonsRailway Equipment

Frequently Asked Questions

When did Quadrant Future Tek IPO list?

Quadrant Future Tek IPO listed on January 14, 2025 on NSE and BSE at ₹681, a 135.2% gain over the issue price of ₹290. It was one of 2025's best IPO debuts.

What was Quadrant Future Tek IPO GMP?

The grey market premium (GMP) for Quadrant Future Tek IPO peaked at ₹391, correctly forecasting the 135.2% listing gain. The small issue size (₹290 crore) amplified GMP demand.

What was Quadrant Future Tek IPO subscription?

Quadrant Future Tek IPO was subscribed 186.66x overall. QIB was 197.07x, NII was 197.17x, and retail was 103.99x - unanimous demand across all categories.

What does Quadrant Future Tek do?

Quadrant Future Tek is a defence technology company focused on train control and management systems (TCMS) and electronic interlocking systems for Indian Railways.

What is Quadrant Future Tek IPO allotment date?

The allotment date for Quadrant Future Tek IPO was January 10, 2025. Listing was on January 14, 2025.