Quadrant Future Tek : Quadrant Future Tek shares get listed at 28% premium!Quadrant Future Tek : Quadrant Future Tek shares get listed at 28% premium!

Quadrant Future Tek shares opened strongly on the NSE at Rs 370, a 28 percent premium above the IPO price of Rs 290. This robust debut showcases significant investor confidence and enthusiasm for the company’s market entry.

Quadrant Future Tek Limited IPO saw an impressive Day 3 performance with 132.54x from QIBs, 254.71x from Non-Institutional Investors, and 246.94x from RIIs. This resulted in a total subscription of 186.66x, signaling strong investor interest and optimism for the company’s future.

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Quadrant specializes in developing advanced Train Control and Signalling Systems for Indian Railways and manufactures specialty cables for the railway and naval industries. Their facility in Mohali integrates manufacturing, testing, and research for cables and hardware essential for rail safety and reliability.

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Quadrant Future Tek Ltd plans to allocate IPO proceeds to long-term working capital, developing an electronic interlocking system, debt repayment, and general corporate purposes to support growth and reduce indebtedness.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.