Quadrant Future Tek Ltd is set to launch its initial public offering (IPO) to raise ₹290 crore from the primary market. The producer of train control and signaling systems for Indian Railways is scheduled to launch its IPO on Tuesday, January 7, 2025.

The mainboard issue will be available for subscription till January 9, 2025. Quadrant Future Tek IPO will be a completely fresh issue of shares without any offer-for-sale (OFS) component.

Here are some noteworthy details about Quadrant Future Tek IPO:

Quadrant Future Tek IPO price band, lot size
Quadrant Future Tek IPO will comprise a complete fresh issue of shares having a face value of ₹10 each. Quadrant Future Tek IPO price band has not been declared yet. The company is expected to announce the IPO price band and lot size for an application soon.

The company has proposed to reserve 75% of the net issue for Qualified Institutional Buyers (QIBs) and 15% for Non-Institutional Investors (NIIs). The remaining 10% will be allocated to the retail category.

Quadrant Future Tek IPO opening date
Quadrant Future Tek IPO subscription will remain open from January 7, 2025, to January 9, 2025. The IPO share allotment status is likely to be finalised on January 10. After the share allotment, refunds will be initiated for unsuccessful bidders on January 13. The successful bidders will also receive shares in their demat accounts the same day.

Quadrant Future Tek Ltd. shares are tentatively scheduled to be listed on the NBE and BSE on January 14.

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