Quadrant Future Tek IPO: Share Allotment Status Out, GMP Hints Listing At 60% Premium; Key Details

The Quadrant Future Tek IPO allotment status has been finalised, generating interest among investors and traders. With a strong grey market premium (GMP) and an overwhelming subscription response, all eyes are now on the company's listing slated for Tuesday, January 14, 2025.

IPO Allotment Details
Investors who applied for Quadrant Future Tek's public issue can now check their share allotment status. The allotment can be verified on the registrar's portal, Link Intime India Private Ltd, or through the BSE and NSE websites.

Steps to Check Allotment Status
On Registrar's Portal (Link Intime):
Visit the portal: Link Intime IPO Status.
Select the IPO from the dropdown list once the allotment is complete.
Choose the mode of identification (Application No., Demat Account, or PAN) and enter the details.
Confirm whether the application is ASBA or non-ASBA and submit the information.

On BSE Website:
Go to the BSE allotment status page: BSE Allotment Status.
Select "Equity" under the issue type, choose Quadrant Future Tek IPO, and provide your PAN or application number.
Complete the captcha verification and submit the details to view the allotment status.

On NSE Website:
Visit NSE IPO Allotment Status.
Sign up with your PAN, and log in with the provided username and password.
Navigate to the IPO allotment section to check the status.

For unsuccessful applicants, the refund initiation process will commence on Monday, January 13. Those allotted shares will see them credited to their demat accounts on the same day.

IPO Overview
Quadrant Future Tek's IPO, which was open for subscription from January 7 to January 9, witnessed a response from all investor categories. The issue was oversubscribed 186.66 times. Retail Investors oversubscribed 246.94 times, Non-Institutional Investors (NIIs) oversubscribed 254.71 times, and Qualified Institutional Buyers (QIBs) oversubscribed 132.54 times.

The fervent subscription has spilled over into the grey market, where Quadrant Future Tek shares are commanding a premium of Rs 171 over the IPO price of Rs 290. This indicates a potential listing price of Rs 461 per share, a 63% upside from the issue price.

The grey market serves as an unofficial indicator of a stock's expected listing performance. The premium of Rs 171 reflects investors' readiness to pay above the IPO price.

The GMP for this IPO has fluctuated between Rs 0 and Rs 210 over the past 12 sessions, showcasing sustained investor interest. A robust GMP on the final allotment day signals optimism about a successful listing.

Listing Expectations
With the listing scheduled for January 14, the focus shifts to Quadrant Future Tek's debut on the stock exchanges. Based on the current GMP, the stock is likely to list at a premium, rewarding early investors.