Check Quadrant Future Tek IPO Allotment Status Online - Link In Time, BSE, NSE

Quadrant Future Tek Limited was founded in September 2015 with the goal of enhancing passenger safety and system dependability through the development of cutting-edge train control and signaling systems for the Indian Railways' KAVACH project. It is anticipated that Quadrant Future Tek's IPO allocation will be decided today, Friday, January 10, 2025.

Verifying the Future Tek Quadrant IPO Allotment Status

How to Verify the BSE's Quadrant Future Tek IPO Allotment Status

Go to the BSE Application Status page.

Select "Equity" as the type of concern.

Click on "Quadrant Future Tek Ltd." in the list of businesses.

Put in your PAN or IPO application number.

Click the "I am not a Robot" box to confirm the captcha.

To view the specifics of the allocation status, click the "Submit" button.

How to Verify the NSE's Quadrant Future Tek IPO Allotment Status

Go to the IPO bid verification page on the NSE.

If you are a new user, register on the website.

Choose "QUADFUTURE."

Put in information like your application number.

Select "Get Data."

How to Verify the Status of Your Quadrant Future Tek IPO Allotment on Link Intime India 

 Go to the Link Intime India website and open the IPO allocation page.

Choose 'Quadrant Future Tek Ltd.' from the dropdown menu's list of businesses.

Choose from the PAN, Application Number, DP/Client ID, or Account Number/IFSC options that are shown on the screen.

Based on your choice, provide the necessary information.

Press 'Submit' to view the allocation information. 

Details of the Quadrant Future Tek IPO 

The whole amount of the ₹290 crore book-built Quadrant Future Tek IPO is a new issue of one crore shares. The IPO's bidding period was from January 7 to January 9, 2025, and the allocation is probably going to be decided today, 

Friday, January 10, 2025. With a tentative listing date of Tuesday, January 14, 2025, the company's shares will be listed on both the BSE and NSE. A minimum application lot size of 50 shares is required, and the pricing range for the IPO is set between ₹275 and ₹290 per share. Link Intime India Private Ltd is the issue's registrar, while Sundae Capital Advisors is the book-running lead manager.

Utilization of Proceeds

Prepaying or repaying a portion of its outstanding working capital term loan, investing in capital expenditures for the development of an Electronic Interlocking System, funding the company's long-term working capital requirements, and covering general corporate purposes to support overall business growth are all planned uses of the issue's net proceeds.