Quadrant Future IPO: Quadrant Future IPO.. Shares fall in gray market before listing!
Quadrant Future IPO will be listed on the stock exchange on January 14. Shares of this company will be listed on BSE and NSE. The IPO was held on January 10. The IPO for investment started on 7 and 9 January. Quadrant Future issue received an excellent response from investors. Quadrant Future Tech Ltd’s IPO entered its third day on Thursday, receiving bids for 1,07,77,29,300 shares, which was subscribed 185.82 times. NSE data showed that 57,99,999 shares were offered in the initial share sale. But the company’s shares are continuously falling in the gray market.
share prices
The non-institutional investor category was subscribed 254.16 times and the retail quota was subscribed 243.12 times. Qualified Institutional Buyers (QIB) stake increased by 132.54 times. The initial public offering (IPO) of Quadrant Future Tech Ltd completed its first day in a matter of minutes on Tuesday. The company raised over Rs 130 crore from anchor investors on Monday. The price per share is Rs 275-290.
What’s up with GMP?
According to Investorgain.com, Quadrant Future IPO is available in the gray market at a premium of Rs 145 for two days. Before listing, its GMP was continuously falling. Earlier on January 10 it was Rs 190 and on January 8 it was Rs 210. There is no offer for sale (OFS) in this IPO based on fresh shares worth Rs 290 crore. The net proceeds from the fresh issue will be used for long-term working capital requirements. These shares are listed on BSE and National Stock Exchange (NSE).
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