Quadrant Future Tek IPO: Today is the last day to subscribe to the IPO of Quadrant Future Tek, a company that develops train control and signaling systems for Indian Railways. This IPO, which opened on Tuesday, January 7, will close today. The company's IPO has received a great response from investors so far. According to NSE data, this IPO has received 61 times subscription till 10.50 am on Thursday, January 9. The special thing is that the subscription of this IPO is increasing very fast and it can go up a lot by the time it closes.

The company is working on the 'Kavach' project for Indian Railways

This company, which is working on the 'Kavach' project for Indian Railways, wants to raise a total of Rs 290.00 crore from its IPO. Under its IPO, the company has fixed a price band of Rs 275 to Rs 290 for each share. Let us tell you that this is a mainboard IPO, which will be listed on both the major exchanges of the Indian stock market, BSE and NSE. Under the IPO of Quadrant Future Tech, a total of 1,00,00,000 fresh shares with a face value of Rs 10 will be issued. There will be no OFS part in this.

The company will be listed in the stock market on January 14

After the IPO closes on Thursday, January 9, the shares will be allotted on Friday, January 10. Then the shares will be credited to the investors' demat accounts on January 13 next week. Finally, the company will be listed on the stock market on Tuesday, January 14.

No change in GMP for 4 days

The company's IPO is getting strong support from investors. Hence, there is a lot of movement in the company's shares in the grey market as well. On Thursday, January 9, the company's shares are trading with a GMP of Rs 210 (72.41%) in the grey market. However, its GMP has remained at Rs 210 for the last several days. The GMP price of Quadrant Future Tech shares reached Rs 210 on Monday, January 6 itself. Till January 3, its GMP was at 0 and on January 4 it reached Rs 140 directly. After which it reached Rs 180 on January 5 and Rs 210 on January 6.