 "Quadrant Future Tek allots shares worth Rs 130.5 crore to anchor investors")
Quadrant Future Tek on Monday garnered Rs 130.5 crore from anchor investors ahead of its initial public offering (IPO). The company allocated 45 lakh shares at Rs 290 per share to anchor investors.
Foreign and domestic institutions that participated in the anchor allotment included Citigroup Global Markets Mauritius, Capri Global Capital, WhiteOak Mutual Fund, LIC Mutual Fund, Kotak Mutual Fund, Bank of India Mutual Fund, and Sundaram Alternative, among others.
The IPO is entirely a fresh issue of up to Rs 290 crore, and the company has priced its issue between Rs 275 and Rs 290 per share.
Quadrant is engaged in developing train control and signalling systems under the KAVACH project of the Indian Railways. The issue will be open for subscription starting on Tuesday.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%