Quadrant FutureTek Soars 53% Post-IPO with Robust Demand

Highlights from the spectacular listing of Quadrant FutureTek:

• Planify's exclusive investment, Quadrant FutureTek, hit the 20% upper circuit today, closing at ₹532/share following a strong debut at ₹370/share. The stock has surged 83% from its IPO price band of ₹290/share. The IPO received overwhelming investor interest, being oversubscribed 196 times with total applications worth ₹31,256 crore for a ₹290 crore issue.
  
  
• Quadrant FutureTek specializes in the technology and implementation of Kavach and boasts a robust order book of ~ ₹920 crore from Indian Railways (RDSO).
  
  
• Notable investors such as Ashish Kacholia, Capri Global Holdings, and Planify, along with its investors, participated in a ₹48 crore funding round on October 26, 2024.
  
  
• The stock shows strong potential for further gains and is recommended for holding.