Quadrant Future Tek IPO
Quadrant Future Tek Limited (QUADFUTURE) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 14 January 2025.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +93.0% (likely range +9% to +124%), day's high +104.6%, chance of a gain 97%. Actual: +27.6% at the open, +53.1% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 31,63,636 | 41,93,10,850 | 133x | |
| NII (HNI) total | 15,81,818 | 40,29,08,900 | 255x | |
| Big NII (above ₹10 lakh) | 10,54,546 | 27,42,52,100 | 260x | |
| Small NII (₹2-10 lakh) | 5,27,272 | 12,86,56,800 | 244x | |
| Retail | 10,54,545 | 26,04,12,750 | 247x | |
| Total | 57,99,999 | 1,08,26,32,500 | 187x |
Bids on NSE and BSE together, as published by NSE, as of 09 Jan 2025, 07:00 PM. Shares offered exclude the anchor portion. 21% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Quadrant Future Tek's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| BLS E- ServicesFeb 2024 | 123x | 300x | 237x | 162x | ₹311 Cr | +125.9% | +171.1% |
| Unicommerce eSolutionsAug 2024 | 139x | 252x | 131x | 168x | ₹277 Cr | +117.6% | +137.0% |
| Motisons JewellersDec 2023 | 157x | 234x | 122x | 160x | ₹154 Cr | +98.2% | +99.6% |
| Mamata MachineryDec 2024 | 236x | 274x | 138x | 195x | ₹179 Cr | +146.9% | +159.3% |
| Manba FinanceSep 2024 | 149x | 512x | 144x | 224x | ₹151 Cr | +20.8% | +26.9% |
| Exicom TelesystemsFeb 2024 | 122x | 153x | 120x | 130x | ₹480 Cr | +86.6% | +93.3% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Sundae Capital Advisors | 2 | +25.0% | 100% |
Offer documents (NSE)
Frequently asked
What is the Quadrant Future Tek IPO price band and lot size? ₹275–290 per share, with a lot of 50 shares, so the smallest retail bid is ₹14,500.
How many times has it been subscribed? 187x overall: QIB 133x, NII 255x, retail 247x.
How did it list? It opened at ₹370, +27.6% against the issue price of ₹290, and closed its first day +53.1%.
