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Quadrant Future Tek IPO Day 2: Check latest subscription, GMP and price band
India TodayThe Quadrant Future Tek IPO, which opened for subscription on January 7, witnessed strong investor interest, with the issue fully subscribed within hours. QUADRANT FUTURE TEK IPO GMP The grey market premium for Quadrant Future Tek IPO stood at Rs 210 as of Wednesday, signalling a premium of approximately 73% over the issue’s upper price band of Rs 290. OTHER IPO DETAILS The IPO’s strong response is backed by the company’s potential to benefit from robust growth in the Indian specialty cable and train control system markets. Quadrant Future Tek specialises in developing next-generation Train Control and Signaling Systems under the Indian Railways’ KAVACH project.
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