Quadrant Future Tek IPO: Issue subscribed 48.99 times on day 2; check subscription status, other key details


Quadrant Future Tek initial public offering (IPO) opened for subscription on Tuesday, January 7. On the second day of bidding, the issue was subscribed 48.99 times.

The IPO was fully subscribed just minutes after its launch on Tuesday and ended the day with a subscription rate of 15.84 times, as per data available at BSE.

On Monday, Quadrant Future Tek revealed that it had raised more than 130 crore from anchor investors, just one day ahead of launching its initial public offering (IPO).

Quadrant is a research-focused company dedicated to developing cutting-edge train control and signaling systems for the Indian Railways’ KAVACH project, ensuring maximum safety and reliability for rail passengers.

Quadrant Future Tek IPO subscription status

The Quadrant Future Tek IPO was subscribed 48.99 times as of 5:00 PM IST on the second day of its offering, according to data from the BSE.

The issue received 28,41,22,850 shares compared to the 57,99,999 shares available.

The retail investor segment saw an impressive subscription rate of 137.21 times, while the non-institutional investors’ portion was subscribed 87.22 times. Meanwhile, the qualified institutional buyers (QIB) segment reached 46% subscription.

The IPO was subscribed over 15.84 times on the first day of bidding.

Quadrant Future Tek IPO details

The 290-crore initial public offering (IPO) is entirely a fresh issue, with no allocation for an offer for sale. The company has set the IPO within a range of 275 to 290 per equity share, with the subscription period open until Thursday, January 9.

The proceeds from the IPO will also contribute to capital expenditures related to the development of the electronic interlocking system, repayment of debt, and the remainder will be utilized for general corporate purposes.

Link Intime India Private Limited has been appointed official registrar of the book build issue. Sundae Capital Advisors has been appointed the public issue lead manager.



Source link

6 thoughts on “Quadrant Future Tek IPO: Issue subscribed 48.99 times on day 2; check subscription status, other key details”

  1. Ab diesem Moment kann man sich einloggen, einzahlen, spielen, wetten und Bonusangebote
    nutzen. Der Support ist schnell und deutschsprachig, die Seite ist kinderleicht zu
    bedienen und das Layout ergibt einfach Sinn.
    Nur klares Design, einfache Menüs und schneller Zugriff auf jede Art von Spiel, auf die
    du gerade Lust hast. Hast du eine Frage, ein Problem oder
    brauchst du einfach nur einen schnellen Tipp beim Spielen?
    Das Casino verfügt über eine gültige Lizenz von Antillephone N.V.,
    die von der Regierung von Curacao lizenziert ist und sicherstellt, dass alle Spiele fair, transparent
    und regelmäßig geprüft werden. Das Boomerang Casino bietet eine Vielzahl von bequemen Zahlungsmethoden, die Ihren Bedürfnissen entsprechen. Mit diesen einfachen Schritten, die
    nur wenige Momente in Anspruch nehmen, sind Sie bereit, die große Auswahl an Spielen zu
    erkunden, von aufregenden Aktionen zu profitieren und die Vorteile eines
    geschätzten Mitglieds der Boomerang Casino-Community zu erleben. Um im Boomerang Casino zu
    beginnen, füllen Sie einfach das Registrierungsformular mit Ihren Daten aus und erstellen Sie ein Konto.

    References:
    https://online-spielhallen.de/zetcasino-deutschland-einloggen-spielen-auszahlen/

    Reply
  2. Welcome to Croco Casino, the Aussie playground where bold spins meet fast
    payouts and every session feels like an adventure. Take your pick of fast and simply to use depositing and
    withdrawal methods that will always keep you in the game and your winnings back to you fast.
    Hassle-free casino banking at Play Croco is what we proudly deliver.

    Cobbers, you get to choose from Bingo, Keno Scratch Cards or fun filled
    Shooting games. Crocos can spin to win on 3 Reel, 5 Reel,
    6 Reel bonus extravaganzas! Our Croco customers choose how and where they want
    to play after login.
    Fast cashouts, great pokies and bonuses that actually work.

    The VIP system rewards commitment with clear levels, valuable perks and unique bonuses that grow with your playtime.
    The mobile version runs perfectly on any modern device, giving Aussie players a
    fast and flexible way to play.

    References:
    https://blackcoin.co/play-your-way-only-at-ac8-casino/

    Reply
  3. Making a first deposit and triggering a bonus is what online casinos is all about.
    The games also have touch-screen buttons so you can place real money bets at
    your chosen mobile online casino with the swipe of
    a finger. What’s more, all reputable online casinos are licenced by an external government agency, which
    further ensures that they act honestly towards their players.
    Other vital aspects to any casino are the games, bonuses and
    customer service, plus many players will also want to
    see a fantastic mobile casino as well. Like you we want to take advantage of
    great betting games, top real-money bonuses for AUD, and a safe,
    secure experience overall.
    Popular coins like Bitcoin, Ethereum, and Solana offer high liquidity,
    while fees are minimal, often under $0.10 per transaction,
    just like at the best Bitcoin casinos in Australia. The rewards are
    seemingly never ending, take the 25% cashback reward
    for live dealer games. Waiting days to get your hands on your winnings is frustrating, but the best instant
    withdrawal casinos let you skip the wait and cash out in minutes by offering no
    KYC Pokies (slot machines) are by far the most popular casino games in Australia.
    To ensure an online casino is safe and trustworthy, look for several key factors.

    Licensed by Curacao eGaming and fully SSL-encrypted, MrPacho checks
    all the key boxes that a legit online casino should have.
    The best part is that you can even play these online pokies with payID.

    Or, there’s a 15% Weekly Cashback worth up to A$4,500, not to mention a dedicated cashback deal for live games and the 100 Free Spins promo available
    every single Sunday.

    References:
    https://blackcoin.co/sg-casino-a-comprehensive-review/

    Reply

Leave a Comment