Quadrant Future Tek IPO GMP Soars Over 62% Ahead Of Much-Awaited Launch

The initial public offering of Quadrant Future Tek Ltd. has been garnering strong interest in the unlisted market even ahead of its launch. The grey market premium on the Quadrant Future Tek stood at Rs 180 at 7:25 am on Jan. 6, marking a premium of over 62% over the upper price band, as per InvestorGain. If the current market trends are sustained, shares of the company are likely to make a debut at ₹470 on BSE and NSE.

Quadrant Future Tek IPO: Price Band and Offer Size Quadrant Future Tek IPO is a book-built issue consisting entirely of a fresh issue of 1 crore shares offered at a price band of Rs 275 to 290 apiece with a face value of Rs 10 per share. This takes the total issue size to Rs 290 crore at the upper price band. The company has reserved up to 75% of the net issue for qualified institutional buyers, 10% for retail investors and the remaining 15% for non-institutional investors. Retail investors can bid in this mainboard IPO with a minimum lot size of 50 shares requiring an investment of Rs 14,500 for every application.