Quadrant Future Tek IPO opens tomorrow: GMP surges over 60% – Is it worth the bet? All you need to know

The GMP price of an IPO always gets investors talking before the issue opens. It is the same story with the Quadrant Future Tek IPO, which has already created a buzz in the market even before it officially opens. A mainboard issue, Quadrant Future Tek IPO is set to open for its three days of bidding from January 7 to January 9, 2025.

Quadrant Future Tek IPO – GMP ahead of the opening of the issue
In the unofficial grey market, Quadrant Future Tek’s shares are trading at a hefty premium of Rs 180 per share, translating to a 62.29 per cent gain over the IPO’s upper price band of Rs 290 per share. However, it is important to note that this is not the actual listing price and may fluctuate as per the market sentiment.

Quadrant Future Tek IPO – Key highlights
Quadrant Future Tek IPO is priced in a band of Rs 275 to Rs 290 per share. The minimum lot size for retail investors is 50 shares, requiring an initial investment of Rs 14,500. For small non-institutional investors (sNII), the minimum investment rises to Rs 2,03,000 for 14 lots, while big non-institutional investors (bNII) must invest Rs 10,00,500 for 69 lots.