The company is a research-oriented company, which is engaged in developing new- generation train control and signalling system under the KAVACH project of Indian railway which aims to provide the highest level of safety & reliability to rail passengers.
Quadrant future tek IPO aims to raise ₹290 crore from the primary market. The IPO saw a stronge demand from investors on wednesday (8 feb), as the public offer was booked more than 40 times led by the retail investors.
As of January 8 the IPO is exhibiting a strong Grey Market Premium (GMP) of Rs 210 per share.This suggests that the company’s shares are trading at a 72.41% premium, with a price band of ₹ 275 to ₹290 per share
The IPO is scheduled to close on January 9, 2025 & allotment will be done on January 10, 2025. The minimum lot size of an application is 50 shares, requiring a minimum investment of ₹ 14500 for retail investors
Revenue Breakup- FY-24 Wires and cabels ( railways) :- 77%Wires and cabels( defence) :- 22% Other operating income :- 1%
