Quadrant Future Tek IPO Anchor Allocation at 45.00%

Quadrant Future Tek IPO received a strong anchor allocation response, with 45.00% of the total IPO size subscribed by anchor investors. Out of the 1,00,00,000 shares on offer, anchor investors were allocated 45,00,000 shares, demonstrating significant market interest. The anchor allocation details were reported to the stock exchanges on January 6, 2025, just ahead of the IPO opening on January 7, 2025.

The book-built issue of ₹290.00 crores comprises entirely a fresh issue of 1,00,00,000 shares. The price band is set at ₹275 to ₹290 per share, with a face value of ₹10 per share. This includes a share premium of ₹280 per share at the upper end of the price band.

The anchor allocation process, which took place on January 6, 2025, saw participation from institutional investors. The anchor allocation was made at ₹290 per share, bringing the total anchor portion to ₹130.50 crores.

After the anchor allocation, the overall allocation of the IPO looks as follows:

The lock-in period for anchor investors is a critical aspect of the allocation. For Quadrant Future Tek IPO, the lock-in details are as follows:

• Lock-in Period (50% Units): February 9, 2025
• Lock-in Period (Remaining Units): April 10, 2025
   

Anchor Investors in Quadrant Future Tek IPO

Anchor investors play a pivotal role in IPOs, particularly in book-built issues like the Quadrant Future Tek IPO. These investors are typically large institutional entities such as mutual funds, insurance companies, pension funds, and sovereign wealth funds, who commit a significant portion of the IPO ahead of its public opening. Their involvement brings credibility to the IPO, instills confidence among retail and non-institutional investors, and aids in price discovery.

Quadrant Future Tek IPO received a strong anchor investor response, raising ₹130.50 crores through the allocation of 45,00,000 shares to anchor investors. This allocation represents 45% of the total IPO size of 1,00,00,000 shares, highlighting the confidence of large institutional players in the company's growth potential. The anchor portion was finalized on January 6, 2025, at ₹290 per share, the upper end of the price band, demonstrating robust demand ahead of the IPO's public subscription phase.

To ensure stability in the stock's initial trading period, anchor investors are subject to a lock-in period: 50% of the allocated shares are locked until February 9, 2025 (30 days), and the remaining 50% are locked until April 10, 2025 (90 days). The involvement of anchor investors plays a critical role in price discovery, setting a positive tone for retail and institutional investors alike. Their significant early participation validates the company's business model and bolsters confidence in its offerings, especially in a high-stakes sector like railway signaling and infrastructure development.
 

Quadrant Future Tek IPO Key Details:

• IPO Size: ₹290.00 crores
• Shares Allocated to Anchors: 45,00,000
• Anchor Subscription Percentage: 45.00%
• Listing Date: January 14, 2025
• IPO Opening Date: January 7, 2025

About Quadrant Future Tek Limited and How to Apply for Quadrant Future Tek IPO

Incorporated in September 2015, Quadrant Future Tek Limited develops next-generation Train Control and Signaling Systems for the Indian Railways' KAVACH project. The company specializes in manufacturing and developing specialty cables and hardware for Train Control & Signalling Division at its facility in Village Basma, Tehsil Banur, District Mohali, Punjab.

The company is technology-driven, with products meeting ISO, IRIS, and TS standards. As of October 31, 2024, the company had 295 employees across its manufacturing facility, Railway Signalling & Embedded System Design centre and corporate functions. The company has entered an exclusive MoU with RailTel to pursue KAVACH opportunities in Indian Railways and other countries.